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24May 2025

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Bitcoin Soars Past $110K Amid US Crypto Bill

Bitcoin Soars Past $110K Amid US Crypto Bill Why in the News? Bitcoin reached an all-time high of $110,000 after the US Senate advanced the GENIUS Act, a bipartisan crypto regulation bill. The legislation focuses on stablecoin regulation, boosting investor confidence and signaling a pro-crypto shift in US policy. Impact on Bitcoin and Market Confidence: …

04Mar 2025

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Blockchain CryptoIndia CryptoTaxation DigitalAssets Finance IndiaCryptoTax investment TaxLaw VDA VirtualDigitalAssets
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India Classifies Virtual Digital Assets as Taxable Property

Why in the News? The Income Tax Bill, 2025 officially classifies Virtual Digital Assets (VDAs) as property and capital assets, subjecting them to capital gains tax, 30% income tax on transfers, and 1% TDS, aligning India’s crypto taxation with global standards. About VDAs as Property and Capital Assets: The Income Tax Bill, 2025 explicitly classifies …