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Pmla And Its Entry Into The Gaming Sector
Introduction The Ministry of Finance in its recent notification dated March 7th decided decided to classify the entities that engage in activities related to the aspect of Virtual Digital Assets (VDA(s). A new definition pertaining to “Reporting Entities has been introduced under the Prevention of Money Laundering Act, 2002 and the rules of the same … Continue reading Pmla And Its Entry Into The Gaming Sector
Read more »Stand Of Indian Government On Protection Ipr For Virtual Digital Assets
The phrase “virtual digital assets” is used in the Finance Bill to refer to both cryptocurrencies and NFTs. The criteria for identifying bitcoins or similar apps as virtual digital assets were purposefully kept broad. Aside from the distinctions in their characteristics, cryptocurrencies serve as payment systems in which units are transferable and have some value. … Continue reading Stand Of Indian Government On Protection Ipr For Virtual Digital Assets
Read more »Digital Currency Taxation Proposals – Features And Way Forward
Introduction On February 1st, 2022, during her budget speech[1], India’s Finance Minister made a huge announcement which is somewhat considered as a setback for the crypto industry. She announced that any income derived from the transfer of digital assets including cryptocurrencies, shall be taxable at a rate of 30% in addition to TDS on payments … Continue reading Digital Currency Taxation Proposals – Features And Way Forward
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