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UK adds Crypto Declaration in Tax Forms 2023

UK adds Crypto Declaration in Tax Forms 2023 | Free Consultation | Crypto CA India

UK adds Crypto Declaration in Tax Forms 2023 and this was recently announced by Chancellor of the Exchequer Jeremy Hunt in the annual budget on 15th March 2023. The UK government will be introducing modifications to the Self Assessment tax return forms that will require…

USD Coin (USDC) plummets to all-time low

USDC Arbitrage | Crypto Arbitrage | Risk Free Money | USDT INR Arbitrage

USD Coin (USDC) plummets to all-time low after Circle reveals $3.3bn reserves held at collapsed Silicon Valley Bank. Should you be worried about it? Do you use USDC for crypto arbitrages? On Saturday, the value of USD Coin (USDC), the world's fifth-largest cryptocurrency, reached an…

Ponzi Crypto Apps cheating people in India 2023

International Taxation Crypto | Recover Money Crypto Scam | CA Mumbai | WhatsApp | Telegram | Scam

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.