Cryptocurrency Exchanges raided by DGGI
After the tax evasion of GST by WazirX, the Directorate General of GST Intelligence has raided the major cryptocurrency exchanges in the country. Around Rs 70 cr worth of tax evasion has been reported during the raid.
RBI says Crypto is prone to fraud
RBI has warned about multiple risks related to crypto. The Central Bank said that there are chances of fraud and it will be hard to protect consumer rights.
South Korean Presidential candidate to accept campaign contributions in crypto
Lee Jae-myung, the Presidential candidate in South Korea said that he will accept contributions from those who want to pay in crypto as well. This will be converted to cash with the help of local exchanges.
Crypto is a fine asset but will not be popular if taxed: Nikhil Kamath
Nikhil Kamath said that crypto is a fine asset but it will be less attractive once taxation kicks in.
25 Billion trades in 2021: OKx
Global crypto investment platform, OKEx, on Monday said it processed more than 25 billion trades worth a total trading volume of over $21 trillion during 2021.