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Huge Breaking news from crypto India! Very Positive News! CBDT (Income Tax Department) has started a dialogue with Indian crypto exchanges, and they have been asked to submit a response to the following questions: a) Do you think the current VDA regulation in India is adequate or a comprehensive VDA law is required and the agency which you consider should be authorised to administer it (e.g, Sebi, RBI, MeitY, FIU-IND)? (b) What percentage of trading volumes has moved offshore, and under what circumstances (eg tax concerns, regulation, liquidity)? Which are the jurisdictions where users/businesses are shifting? c) How would you compare India's VDA tax framework with major jurisdictions? (d) Have you observed any market impact due to the disallowance of loss set-off or carry-forward? In your view, how has the 30% flat tax affected volumes, liquidity etc? (e) What is the biggest challenge in implementing the TDS-identifying counterparty's residency status, calculating the market value of VDA, handling peer-to-peer transactions, or reporting to the income tax department's centralised processing centre? (f) Should there be different TDS treatment for market makers, or retail or institutional transactions? g) What measures could be considered to ensure a level playing field between domestic and offshore VDA exchanges, particularly in relation to tax compliance for Indian customers? This is a very positive development, as for the first time, a dialogue of any sort is happening on the subject of crypto taxation in India.

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If you want your children to be responsible adults in society, you should consider this. Teach them Bitcoin .....observe the change!

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Norway Government (National Fund) Bought More Bitcoin. Total now they have 11600 BTC.

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Google Took 27 years to reach $2.45 trillion Bitcoin took 16 years to surpass Google in terms of market cap.

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