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Recent ED notice to Wazirx has prompted me to write this article about Crypto Traders & Money Laundering India. The Enforcement Directorate (ED) notice to WazirX highlights the risks Cryptocurrency traders face unknowlingly violating the FEMA and PMLA (Prevention of Money Laundering Act). PMLA is…
You might have come across the terms FIFO, LIFO, and HIFO when reading about cryptocurrency tax calculations. These terms are sometimes also referred to as different cost basis methods. Every time you sell a coin or token, for example selling BTC and receiving USD or INR in return, you have…
In our view following are the Reasons for recent volatility in Cryptocurrencies: Bitcoin markets operate 24/7, setting the stage for price swings at unpredictable hours. Many point to bitcoin's volatility as untenable. Indeed, Bitcoin makes severe and dizzying swings. Bitcoin had been under pressure after…