India Crypto
Price action, regulation and adoption news on India Crypto. Tracking 2 stories on Arth Vani.
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Latest on India Crypto
US Crypto Clarity Act Faces Setbacks, Delays Regulatory Framework
The proposed Clarity Act, aimed at providing clear regulations for the US crypto industry, has encountered significant hurdles, delaying the establishment of a much-needed legal framework. This lack of clarity continues to impact the global crypto market, including investor sentiment in India.
BreakingCrypto Exchanges Must Now Collect User Tax Residency and ID Details in India
Indian crypto exchanges are now mandated to collect tax residency and identification details from all users, aligning with new regulations from the Central Board of Direct Taxes (CBDT). This move is part of India's commitment to the OECD's global Crypto Asset Reporting Framework (CARF) and will see transaction data shared annually with tax authorities starting next financial year.
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