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Jae396Kae
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my 1st future trade
$DOGE
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$BTC Bold Predictions Ahead Big banks and crypto firms are now seriously backing $BTC . Predictions for its 2025 price range from $122K to $700K, with most expecting big gains due to growing distrust in fiat money, upcoming U.S. interest rate cuts, and stronger crypto regulations. Top Forecasts: * Standard Chartered:$200K * H.C. Wainwright:$225K * Fundstrat:$250K * Chamath Palihapitiya:$500K * 10X Research:$122K early in the year * VanEck: $180K peak * 21 Capital: $135K–$285K * GFO-X Survey:$150K average from institutions Market Sentiment Update: $BTC rose 9.5% in January, dipped a bit, then bounced back with 14.2% in April. It’s currently climbing steadily.
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#AppleCryptoUpdate Get Ready for the Latest AppleCryptoUpdate! 🚀💻 Apple's latest crypto move is shaking things up in the tech world! 🤯💸 With rumors of potential crypto integration in Apple devices, the market is buzzing with excitement 📈💻. Whether it's Apple Pay accepting crypto or a new crypto-focused feature, this update could change the game for Apple users and crypto enthusiasts alike 🤝🌟. Stay ahead of the curve and follow me for the latest updates on Apple's crypto journey 🚀💡. Let's explore the intersection of tech and crypto together! 👉📱
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#DigitalAssetBill VDAs are also to be included in the Annual Information Statement (AIS) of taxpayers. * Tax on Gifts: Cryptocurrency gifts exceeding ₹50,000 in total value are taxed as 'Income From Other Sources' at regular income tax slab rates. * No Offsetting of Losses: Losses incurred from the transfer of VDAs cannot be offset against any other income, including gains from other digital assets. Only the cost of acquisition can be claimed as a deduction. * Regulatory Ambiguity Regarding Exchanges and Trading: While taxation is defined, a comprehensive law specifically regulating cryptocurrency exchanges, trading platforms, and other aspects of the digital asset ecosystem is still awaited. The "Cryptocurrency and Regulation of Official Digital Currency Bill, 2021," which aimed to ban most private cryptocurrencies while allowing for a Central Bank Digital Currency (CBDC), has not yet been passed. This has led to a degree of uncertainty in the industry. * Focus on Anti-Money Laundering (AML): Since March 2023, crypto assets have been brought under the purview of the Prevention of Money Laundering Act (PMLA). This requires cryptocurrency exchanges and service providers to comply with AML standards, including Know Your Customer (KYC) procedures and the reporting of suspicious transactions. The Financial Intelligence Unit India oversees enforcement. * No Legal Tender Status: Cryptocurrencies, including Bitcoin, are not recognized as legal tender in India. Review and Potential Impacts: * Increased Revenue for the Government: The clear taxation framework is expected to generate significant revenue for the government from digital asset transactions. * Greater Scrutiny and Compliance: The TDS and reporting requirements aim to bring more transparency to the digital asset market and ensure compliance with tax laws. * Potential Impact on Trading Volumes: The high tax rate of 30% and the lack of provision for deducting expenses beyond the cost of acquisition might deter frequent traders and impact trading volumes.
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#DigitalAssetBill VDAs are also to be included in the Annual Information Statement (AIS) of taxpayers. * Tax on Gifts: Cryptocurrency gifts exceeding ₹50,000 in total value are taxed as 'Income From Other Sources' at regular income tax slab rates. * No Offsetting of Losses: Losses incurred from the transfer of VDAs cannot be offset against any other income, including gains from other digital assets. Only the cost of acquisition can be claimed as a deduction. * Regulatory Ambiguity Regarding Exchanges and Trading: While taxation is defined, a comprehensive law specifically regulating cryptocurrency exchanges, trading platforms, and other aspects of the digital asset ecosystem is still awaited. The "Cryptocurrency and Regulation of Official Digital Currency Bill, 2021," which aimed to ban most private cryptocurrencies while allowing for a Central Bank Digital Currency (CBDC), has not yet been passed. This has led to a degree of uncertainty in the industry. * Focus on Anti-Money Laundering (AML): Since March 2023, crypto assets have been brought under the purview of the Prevention of Money Laundering Act (PMLA). This requires cryptocurrency exchanges and service providers to comply with AML standards, including Know Your Customer (KYC) procedures and the reporting of suspicious transactions. The Financial Intelligence Unit India oversees enforcement. * No Legal Tender Status: Cryptocurrencies, including Bitcoin, are not recognized as legal tender in India. Review and Potential Impacts: * Increased Revenue for the Government: The clear taxation framework is expected to generate significant revenue for the government from digital asset transactions. * Greater Scrutiny and Compliance: The TDS and reporting requirements aim to bring more transparency to the digital asset market and ensure compliance with tax laws. * Potential Impact on Trading Volumes: The high tax rate of 30% and the lack of provision for deducting expenses beyond the cost of acquisition might deter frequent traders and impact trading volumes.
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