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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…
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…
Recent government notification seeking disclosure of Crypto transactions & holdings, so in light of that development, Can Crypto Stablecoins be used to Transform Treasury Operations of companies in India? Ministry of corporate affairs (MCA) has asked all companies in the country to mandatorily disclose any…