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Crypto Accounting India (21)

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Accounting for Cryptocurrencies

Accounting for Cryptocurrencies |  Outsource your bookkeeping & crypto accounting | Outsource Bookkeeping | Outsource Crypto Accounting | Outsource Bookkeeping to India | Outsource Crypto Accounting to India

Numerous challenges arise in the practical work of chartered accountants, often due to lack of specific accounting standards to address them. Cryptocurrencies, such as Bitcoin, serve as a notable illustration of this dilemma. Given the absence of dedicated accounting guidelines for cryptocurrencies, accountants find themselves…

Cryptocurrency bill India is ready, awaiting cabinet clearance

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…

Indian Bank stopping customers from investing in crypto overseas

Indian bank bars customers from investing in crypto overseas using RBI’s remittance system. ICICI Bank, one of the largest private sector bank in the country has updated its remittance form requiring clients to explicitly declare that they will not use foreign remittances to buy digital…