The prevalence of online bank scams is not a recent phenomenon and has been in existence for quite some time. These scams involve scammers deceiving individuals through fraudulent messages pertaining to KYC verification, credit card updates, or bank account modifications. Their primary focus is on…

Referral programs are a proven marketing tactic for various companies and industries including crypto companies, projects and coins. In this article, we shall discuss the taxability of crypto received from such referral programs. Earning crypto from referral programs is a process that involves promoting a…

Recent news and analysis indicate that many Ponzi crypto apps are targeting and defrauding people in India. Many of these Ponzi cryptocurrency apps lure Indian customers and scam them by promising them high returns in short period of time.

First of all, What is 'Ponzi scheme' ?

Ponzi schemes are investment plans in which the owner or operating firm pays investors' returns from new cash raised from new investors rather than from the company's revenues. 

Crypto Ponzi schemes are crypto investment frauds that pay existing investors with funds collected from new investors. Crypto is a prime target for the masterminds of Ponzi schemes. Average investors do not fully understand the technology that crypto uses or how to evaluate a cryptocurrency as a sound investment. Unlike traditional investments where investors can dig into earnings, analyst research reports, audited documents and other required regulatory material, many crypto projects are unregulated and having anonymous founders is not unusual in the space.

As our readers are aware, we constantly search for novel arbitrage opportunities that enable individuals to earn relatively risk-free profits. Many of our clients and traders are acquainted with the USDT INR arbitrage opportunities within the cryptocurrency markets. Today we are going to talk about…

Can I start my own company in USA? Yes, you can start your own company in the USA very easily. You will need to register your company with the state, decide on a entity structure, obtain a license or permit, and get an employer identification…

A very common Crypto Get Rich Scam on Telegram & WhatsApp is being executed by scammers In this form of scam, the scammers will ask you to deposit some money with the so called "Crypto Experts" or "Crypto Analyst" and they can do the trading…

Recently, In New Delhi, a group of investors were scammed into one of the largest 2022 India Cryptocurrency scam with a whopping sum of 500 crores rupees. All this was done on the promise of 200 percent returns on their investments. 

Aside from promising a 200 percent annual return on investment, these accused also promised their investors a 5-20 percent monthly returns, that were to be credited to the investors' bank accounts on the 5th, 15th, or 25th of every month, according to the testimony of the victims.

Lets discuss about P2P Crypto Exchanges that have mushroomed a lot in especially in last couple of years. Peer-to-peer (P2P) crypto exchanges are platforms that allow crypto-market participants to trade with each other directly. This means transactions are done exclusively between the buyer and the…

The Tax Deducted at Source (or TDS) is a taxation mechanism that ensures that taxes are collected from the source of income. It’s a form of advance tax that is deducted by the payer at the time of making payments such as salaries, rent, or…

Crypto Scams are on rise and many people have fallen prey to these scams. The scammers have lured innocent people via WhatsApp group, Telegram Group, Instagram etc. In this article, we will discuss top 5 ways to recover funds from cryptocurrency Scam. As you know,…

In this article we will discuss various Types of Income Tax Notices and their meaning. We will also cover some FAQ on Income Tax Notices In this case, the Assessing Officer (AO) is of the opinion that ITR filed by the assessee is defective then…

Arbitrage in cryptocurrency involves buying and selling assets across different markets to take advantage of price differences. It can be a profitable trading strategy, but requires expertise and careful consideration of fees, timing, and risks. Arbitrage in cryptocurrency refers to the practice of taking advantage…

This article is on how to recover money from cryptocurrency scams from Hongkong if you have been scammed into a cryptocurrency fraud. Cryptocurrency has become the new tool of choice for fraudsters given the decentralised nature and easy access of the cryptocurrency market. Similar to…

Cryptocurrencies have pervaded public imagination in more ways than ever before. While initially, it started with Bitcoins, there are over a thousand cryptocurrencies as of date with varying degrees of popularity. While ICOs reflect the buzz around cryptocurrencies, the bulk of the transactions relating to…

Know-Your-Customer (KYC) identity verification procedures have become vital to ensure that Anti-Money Laundering (AML) and Combating-Financing-of-Terrorism (CFT) efforts to curb cryptocurrencies-associated crimes are successful. This aspect is of paramount importance for crypto investors engaged in P2P transactions and those who engage in USDT INR Arbitrage.

Many Crypto Investors and Traders are very nervous about withdrawing INR to Bank from the cryptocurrency. These are normally the profits that they have earned from the cryptocurrency investments or trades. Their main concern is due to lack of knowledge about banking regulations and fear…

Many Cryptocurrency Traders & Investors have holdings in foreign exchanges such as Binance, FTX, etc. Plus many hold Cryptocurrency in wallets in foreign countries. All these individuals need to disclose all their foreign assets while filing their tax returns otherwise they would be in violation…

I frequently get this question - is Income from Hackathons & Airdrops taxable?Hackathon prize money keeps rising each year as organizations learn to take advantage of their value. Runner-up cash prizes are now in the Lakhs, and grand-prize payouts are as high as One crore…

Cryptocurrency bill India is ready, awaiting cabinet clearance. The Union Cabinet is soon expected to take up a bill to regulate cryptocurrency and its growing market in India, Finance Minister Nirmala Sitharaman said on August 16. "Cabinet note is ready on cryptocurrency bill. I am awaiting…