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Crypto mining cost not to be allowed as deduction under IT Act

Crypto mining cost not to be allowed as deduction under IT Act : Rashtra News #Crypto #mining #cost #allowed #deduction #Act Infrastructure cost incurred in the mining of cryptocurrencies or any virtual digital assets will not be allowed as deduction under the Income Tax Act, Minister of State for Finance Pankaj Chaudhary said on Monday.

India
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Reserves exceed customer holdings, can cover all user redemptions: Crypto exchange CoinSwitch

The report, independently reviewed and validated on-chain, confirms that the company's total holdings of cryptocurrency and Indian Rupees (INR) surpass its customers' balances.

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CoinSwitch: Releases third proof of reserve valued at ₹3,497 crore in total holdings

CoinSwitch: Releases third proof of reserve valued at ₹3,497 crore in total holdings
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

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Edul Patel: Bitcoin Pizza Day today: Mudrex CEO Edul Patel explains the significance

Mudrex celebrates Bitcoin Pizza Day in Bengaluru by distributing pizzas to children, startups, and food lovers, partnering with WeWorks and Zomato. Edul Patel shares insights on Bitcoin s journey from the first real-world transaction in 2010 to current regulatory trends, including SEBI s stance.

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