Indian finance minister ignores crypto industrys budget tax plea

Local crypto businesses pushed for a reduction in the 1% TDS to 0.01% to revive its customer base.

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Turkey targets crypto with new 0.03% transaction tax

Turkey introduced a 0.03% tax on crypto transactions as part of a major fiscal reform to address the budget deficit caused by recent earthquakes.

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Department of Budget Unveils INVISIBLE Government Vision with Blockchain at the Core

At the heart of this initiative is the concept of the INVISIBLE Government, a vision introduced by Undersecretary Sasa Del Rosario.

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Crypto: China Monetizes Seized Digital Assets to Fund Budget

China is selling crypto assets that have been confiscated by law enforcement for the purpose of funding local budgets.

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SEC’s Gensler seeks $2.4B in funding to chase down crypto ‘misconduct’

United States Securities and Exchange Commission Chair Gary Gensler says the regulator is spread thin and needs additional funding to keep up with the “increased complexity in the capital markets.”

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Florida Governor Ron DeSantis Joins US Presidential Race, Promises to Protect Bitcoin

During a virtual discussion with Twitter’s proprietor Elon Musk on Wednesday, governor Ron DeSantis of Florida declared that he is throwing his hat into the ring for the presidency of the United States in 2024. DeSantis will confront the reigning president Joe Biden in addition to the existing presidential candidates: Donald Trump, Robert F. Kennedy [...]

The post Florida Governor Ron DeSantis Joins US Presidential Race, Promises to Protect Bitcoin appeared first on Crypto Breaking News.

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5 basic principles of finance you should know

Discover the five basic principles of finance to improve your financial literacy, including, time value of money, risk management, compounding and more.

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Biden's Budget Proposal Includes Crackdown on Crypto Wash Sales and Doubling of Capital Gains Tax for Certain Investors

U.S. President Joe Biden's fiscal 2024 budget plan proposes a crackdown on crypto wash sales and a doubling of the capital gains tax for certain investors, which could raise $24 billion. The proposed changes to crypto tax treatment aim to reduce the deficit by nearly $3 trillion over the next decade. The budget proposal seeks to eliminate the tax-loss harvesting strategy used by crypto traders, which allows them to sell assets at a loss for tax purposes before immediately repurchasing them. The proposal also aims to raise the capital gains tax rate for investors making at least $1 million to 39.6%. (Read More)

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Breaking: Bitcoin slips under $20K amid Biden budget, Silvergate collapse

The price of BTC briefly slipped under $20,000 on March 10, although at time of writing was hovering just above that level.

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Biden budget proposes 30% tax on crypto mining electricity usage

The tax would be phased-in at 10% per year over three years and covers electricity generated from both on and off-grid sources.

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How to set and achieve your financial goals

Set achievable financial objectives and use effective strategies to track progress and achieve success.

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Penalty and Jail Under Indian Budget 2023 for Failure to Pay TDS

Indian Finance Minister, Nirmala Sitharaman presented the Finance Budget 2023 for the nation on the 1st of February in Lok

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Indian Budget 2023 on Cryptocurrency: How much tax do you need to pay?

Crypto aficionados were eyeing the new Union Budget 2023 with deep interest. Everyone was wondering if GOI modifies the stringent crypto tax rules in this budget, but alas, there was been no mention of cryptocurrency or blockchain in today’s budget. The restrictive crypto tax rules of India remain relatively unaltered. Last year a 30% tax […]

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Beginners Guide To Investing In Cryptocurrency: Five Things To Note Before Investing

If you already have skin in the game, you might want to find more ways to make money with your crypto assets. In that case, you need a proper strategy to get started. One of the ways to make more money is through casino gaming. You can use crypto to play casino games, and if […]

The post Beginners Guide To Investing In Cryptocurrency: Five Things To Note Before Investing appeared first on BTC Ethereum Crypto Currency Blog.

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Portugal proposes 28% tax on annual crypto trading profits next year

The cryptocurrency tax haven could see taxes levied on profits realized from cryptocurrency trading or capital gains within a year of their acquisition.

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Cryptocurrencies under $1 to help you diversify on a budget

TRON TRX/USD, Cronos CRO/USD, and Algorand ALGO/USD are some of the best cryptocurrencies that you can get for under $1.

USDD, the stablecoin that runs on top of the Tron blockchain, was officially listed on Bitkan on June 28, 2022. 

Crypto.com added new leveraged trading pairs for margin trading on June 29, 2022, including GAL/USDT, UNFI/USDT, GLMR/USDT, AUDIO/USDT, RSR/USDT, and SPELL/USDT. 

The Algorand Foundation also announced the Community All-hands event, which features several rising stars projects from the AlgoNFT ecosystem, such as the Tiger Chi Club. 

On June 29, 2022, TRON (TRX) had a value of $0.06588.

The all-time high for TRON (TRX )was on June 5, 2018, at $0.231673.

When we look at its performance in May, TRON (TRX) had its lowest point of value on May 1 at $0.06255. However, its highest point of value was on May 8 at $0.08931.

Here we can see an increase in value by $0.02676 or by 42%.

With this in mind, we can expect TRX to reach $0.1 by the end of July 2022, making it a solid cryptocurrency to buy.

On June 29, 2022, Cronos (CRO) had a value of $0.1188.

Going over its all-time high, Cronos (CRO), Cronos reached its ATH on November 24, 2021, at a value of $0.965407.

When we look at how the cryptocurrency performed last month, Cronos (CRO) had its highest point of value on May 1 at $0.3564. Its lowest point was on May 27 at $0.1661.

Here, we can see that the cryptocurrency decreased in value by $0.1903 or 53%.

However, at $0.1188, CRO is a solid buy as the cryptocurrency can climb to $0.3 by the end of July 2022.

On June 29, 2022, Algorand (ALGO) had a value of $0.3087.

Looking at the cryptocurrency’s all-time high, Algorand (ALGO) reached the highest point of value on June 20, 2019, at $3.56.

Taking a look at the token’s performance throughout the previous month, Algorand (ALGO) had its highest point of value on May 8 at $0.7792.

When we look at its lowest point of value, it was on May 29 at $0.3549. This marked a decrease of $0.4243 or 54%.

Algorand is still one of the most prominent projects within the crypto space, and as such, the ALGO cryptocurrency can reach a value of $0.5 by the end of July, making it a solid buy.

The post Cryptocurrencies under $1 to help you diversify on a budget appeared first on Invezz.

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White House Expects to Raise over $10b in Revenue under New Crypto Tax Rules

The White House would bring in significantly more revenue over the next decade if the Biden Administration’s budget plan approved to ramp up the national budget. (Read More)

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Highlights of Budget 2022 Cryptocurrency Tax News

India has at last presented crypto charge system! IN Budget 2022-22, the Government took a moderate stand on tax collection by declaring level 30% on pay from advanced virtual resources or crypto. In her Budget Speech 2022, Finance Minister Nirmala Sitharaman said that 30% expense would charged on pay from move of virtual computerized resources. … Continue reading Highlights of Budget 2022 Cryptocurrency Tax News →

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India to regulate and not ban crypto: introduces new tax rules in 2022 Budget

February started positively for the Indian crypto space receiving head-turning news. In her Budget Speech of 2022, India’s financial minister Nirmala Sitharaman declared a 30 percent tax on revenue from the transfer of virtual digital assets. She also added that no set-off would be permitted in case of losses. There won’t be any deductions and […]

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Union Budget 2022: Industry Seeks Clarity on Crypto

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