{"id":3092146,"date":"2024-02-01T06:41:59","date_gmt":"2024-02-01T11:41:59","guid":{"rendered":"https:\/\/wordpress-1016567-4521551.cloudwaysapps.com\/plato-data\/finance-minister-nirmala-sitharaman-excludes-update-on-crypto-regulations-and-taxes-in-interim-budget-2024-cryptoinfonet\/"},"modified":"2024-02-01T06:41:59","modified_gmt":"2024-02-01T11:41:59","slug":"finance-minister-nirmala-sitharaman-excludes-update-on-crypto-regulations-and-taxes-in-interim-budget-2024-cryptoinfonet","status":"publish","type":"station","link":"https:\/\/platodata.io\/plato-data\/finance-minister-nirmala-sitharaman-excludes-update-on-crypto-regulations-and-taxes-in-interim-budget-2024-cryptoinfonet\/","title":{"rendered":"Finance Minister Nirmala Sitharaman Excludes Update On Crypto Regulations And Taxes In Interim Budget 2024 – CryptoInfoNet"},"content":{"rendered":"
<\/div>\n

The Interim Budget 2024 delivered by FM Nirmala Sitharaman did not provide any updates on crypto regulations and taxes. This is despite India\u2019s ongoing collaboration with G20 nations to create a global regulatory framework for cryptocurrency and blockchain.<\/p>\n

Over the past few months, the Indian government has been engaging in discussions with the Indian crypto industry in an attempt to address some of their demands.<\/p>\n

Considering that it is an interim budget ahead of the upcoming elections, the crypto industry did not have high expectations for this year\u2019s budget. The industry body Bharat Web 3 Association (BWA) requested regulatory tightening of offshore exchanges and advocated for the rationalization of taxes.<\/p>\n

According to reports, BWA stated that India is a leader in grassroots crypto adoption globally and the second-largest market in terms of transaction volumes in 2023.<\/p>\n

Source link <\/a><\/p>\n

#Interim #Budget #Nirmala #Sitharaman #excludes #update #crypto #regulations #taxes<\/p>\n