Capital Gains Tax: Profits from trading Virtual Digital Assets (VDAs), such as cryptocurrencies, are subject to a 30% tax.
Tax Deducted at Source (TDS): A 1% TDS is levied on crypto transactions exceeding ₹10,000 for individuals and ₹50,000 for specified persons, as per Section 194S of the Income Tax Act.
No Loss Offset: Losses incurred from one VDA cannot be offset against gains from another or any other income sources.
🧾 Enhanced Compliance Measures (Effective April 1, 2026)
Mandatory Reporting: The introduction of Section 285BAA mandates specified entities, including crypto exchanges, to furnish detailed transaction information to tax authorities.
Expanded Definition of VDAs: The term now encompasses any crypto asset that relies on cryptographic security and distributed ledger technology, broadening the scope of taxable digital assets.
Classification as Undisclosed Income: Unreported crypto gains are now considered "undisclosed income," attracting a 60% tax and a 50% penalty on the tax amount.
📉 Industry Response
Calls for Tax Reforms: The crypto industry has been advocating for a reduction in the TDS rate to 0.01% and the ability to offset losses, aiming to foster innovation and prevent capital flight to foreign exchanges.
Impact on Trading Volumes: Since the implementation of the 2022 tax regime, domestic crypto trading volumes have plummeted by over 80–90%, with many traders shifting to offshore platforms.
🔄 Regulatory Developments
Global Alignment: India is aligning with the Crypto-Asset Reporting Framework (CARF) developed by the OECD, facilitating the automatic exchange of tax-relevant information on crypto assets.
Increased Scrutiny: The government is tightening oversight on crypto transactions, requiring banks and other reporting entities to furnish detailed transaction information, enhancing transparency and compliance.
Bitcoin is holding strong above $105,000 – and analysts say there's a 69% chance it hits $110K this June! 📊 Market sentiment is bullish, and institutional demand is surging. ETFs, halving hype, and global adoption are fueling the rally.
This could be the breakout month. Will you ride the wave or miss the pump?
Meme coin season is heating up again! PEPE is forming a bullish golden cross and analysts say it could pump another 47%! Meanwhile, DOGE and SHIB are riding the wave as retail FOMO kicks in.
Meme energy is back – are you in or watching from the sidelines? Trade trending tokens only on Binance! 🔥
Altcoins are stealing the spotlight in June 2025! Arbitrum (ARB) is buzzing with rumors of a second airdrop – traders are loading up fast. Meanwhile, Render (RNDR) is flying high on the back of the AI trend, aiming for $15+!
Smart investors are watching closely – don’t miss the breakout. Join the movement on Binance now! 🚀
🔥 Binance June 2025: Top Viral Crypto Trends You Can't Miss! 🔥 $BTC $ETH June 2025 is buzzing with crypto excitement on Binance! Here's what's making waves:
1. Altcoin Surge: Arbitrum (ARB) is gaining momentum with rumors of a second airdrop, while Render (RNDR) is riding the AI hype, targeting $14.20–$15.50.
2. Meme Coin Mania: Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) are leading the meme coin rally, with PEPE forming a golden cross, hinting at a potential 47% rally.
3. New Listings: Binance is eyeing new listings like Solaxy (SOLX) and Snorter Bot (SNORT), offering high-yield staking and fast trading bots, respectively.
4. Hyperliquid's Rise: HYPE token surged 15% after Binance US announced plans to list it, reflecting growing interest in innovative DeFi platforms. #WIF #LA #TRUMP2025 5. Bitcoin's Momentum: Bitcoin is trading above $105K, with a 69% chance of reaching $110K this month, as per market predictions.
Stay updated and make informed decisions as the crypto market evolves!
New Futures Contract: Binance Futures has launched the 1,000,000 BOBUSDT perpetual contract today, offering up to 50x leverage. This contract supports multi-asset margining and has funding fees settled every four hours.
Token Generation Event (TGE): Binance is hosting its 21st Exclusive TGE featuring Cudis Wellness (CUDIS) in collaboration with PancakeSwap. The subscription window is open from 08:00 to 10:00 UTC today. Participants need to redeem Binance Alpha Points to join.
Delisting Announcement: Binance has announced the delisting of five FDUSD trading pairs, effective June 6, 2025. Users should review their holdings to avoid potential disruptions.
Market Leadership: Binance continues to dominate the crypto exchange landscape, with $180 billion in inflows, holding significant amounts of stablecoins and Bitcoin.
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💹 Market Overview
Bitcoin (BTC): The price of Bitcoin dipped below $105,000 earlier today due to profit-taking by large holders but has since rebounded. The current market capitalization stands at approximately $2.08 trillion.
Altcoins:
TRON (TRX): Trading at $0.2747, up 1.55% in the last 24 hours. The network is experiencing strong activity, with daily stablecoin transfers exceeding $20 billion.
Sui (SUI): Currently at $3.18, down 2.84%. Despite the short-term decline, the network's Total Value Locked (TVL) has surpassed $1.75 billion.
Cardano (ADA): Priced at $0.6707, down 3.37% over the past day.
MakerDAO (MKR): Two new wallets have withdrawn 1,502 MKR (approximately $2.67 million) from Binance and staked them. This activity has led to a 12% increase in MKR's 24-hour trading volume, indicating heightened network activity.
BitMine Immersion Technologies: The company has completed a public offering, raising $18 million, and plans to use the proceeds to purchase Bitcoin.
The Indian government is set to release a comprehensive discussion paper on cryptocurrency regulation in June 2025. This paper aims to outline policy options for regulating crypto assets, drawing from international standards and seeking public consultation.
2. Industry Push for Tax Reforms
India's cryptocurrency industry is advocating for tax reductions to revive domestic trading. The current 30% capital gains tax and 1% transaction levy have led to a significant shift of Indian crypto trading overseas. The industry's renewed optimism follows U.S. President Donald Trump's support for digital currencies, which has seemingly softened New Delhi's stance.
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🛡️ Security and Enforcement Actions
3. Coinbase Data Breach Linked to Indian Firm
A major data breach affecting cryptocurrency exchange Coinbase has been traced back to a leak at an Indian outsourcing firm, TaskUs. A TaskUs employee in Indore was caught photographing customer data, leading to potential losses estimated at $400 million. Over 200 TaskUs employees were subsequently fired.
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4. Bitcoin Reaches All-Time High
Bitcoin hit an all-time high of $112,000 in May 2025, marking a significant resurgence from its 2022 lows. This surge is attributed to factors like the U.S. planning a strategic Bitcoin reserve and the SEC dropping charges on major crypto exchanges.
5. Top Cryptocurrencies to Watch in June 2025
According to ZebPay, the top cryptocurrencies to consider investing in this month include:
Bitcoin (BTC) – $104,104.75
Ethereum (ETH) – $2,494.68
Binance Coin (BNB) – $654.31
Solana (SOL) – $153.86
Ripple (XRP) – $2.14
Dogecoin (DOGE) – $0.1901
Cardano (ADA) – $0.6698
Avalanche (AVAX) – $20.40
Shiba Inu (SHIB) – $0.00001276
Polkadot (DOT) – $4.01
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If you need more detailed information on any of these topics or have specific questions, feel free to ask!
Bitcoin (BTC) is trading at approximately $105,744, with analysts watching the $106,000–$106,500 resistance zone. The MACD indicates a bearish crossover, while the RSI remains neutral, suggesting potential consolidation unless a breakout occurs.
Ethereum (ETH) has seen a significant transaction, with over 108,000 ETH (valued at ~$283 million) acquired through an over-the-counter deal by Galaxy Digital, indicating strong institutional interest.
Trump's Truth Social has filed for a Bitcoin ETF, leading to a breakout above the $68,000 resistance level. Immediate targets are set at $70,000 if bullish momentum continues.
Binance Futures is launching USDⓈ-M perpetual contracts for $PUFFER and $PORT3 today at 08:30 and 08:45 UTC, respectively, with up to 50x leverage.
Binance Alliance has initiated a referral activity from June 4 to June 10, 2025, offering new users the chance to earn rewards by completing specific tasks.
XRP is currently trading at $2.2427, with forecasts suggesting a potential test of the support level near $2.2765. A decline below this could target the $1.7265 area.
Altcoin Token Unlocks: June 2025 is set to witness $2.7 billion worth of token unlocks, which could introduce increased volatility in the altcoin market.
Top Altcoin Picks for June include:
$TON: Telegram’s Layer 1 blockchain.
$VIRTUAL: AI agent launchpad with significant growth.
$QNT: Known for interoperability in traditional finance.
$NEAR: AI-first Layer 1 with cross-chain capabilities.
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🌐 Global Crypto Landscape
South Korea's Presidential Election today is anticipated to be a pivotal moment for the crypto industry, potentially influencing regulatory frameworks and market dynamics.