Today news
About the same in other media
"Cryptocurrency, Digital Tokens Should Be Considered As 'Capital Assets' For Income Tax Purposes": Industry Body CII
Reading now: 978
ndtv.comCrypto or digital tokens should be treated as securities of a special class, said CII
Crypto or digital tokens should be treated as securities of a special class to which the provisions of existing securities regulations will not apply, and a new set of regulations appropriate to the context should be evolved and applied, CII said in a statement.
This would mean regulatory focus principally on dealings and custody, rather than on issuance (except where issuance entails an Initial Coin Offering (ICO) to the public by an issuer established in India), it said.
Centralised exchanges and custody providers that may be established in India, must be required to register with Sebi and to adhere to KYC and AML compliance requirements that apply to
Read more on ndtv.comAbout this in other media
Reserve Bank Of India (RBI) Central Board Discusses Cryptocurrencies, Internal Members Not In Favor ndtv.com /2 years ago
Crypto market or kangaroo market: Should you buy the current dips? economictimes.indiatimes.com /2 years ago
Mutual funds: Should you go for thematic investments? financialexpress.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
