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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…
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…