Author Archives: Darren Marchal

What Budget 2022 holds for the individual taxpayer and the invest

Individual taxpayers were hopeful that the finance minister (FM) would provide some tax relief by changing the tax slabs or offering higher deduction under Section 80C, 80D, or Section 24. None of those hopes materialised. However, there was some relief for taxpayers who make a mistake in filing income-tax. Investors in cryptos will also breathe…

Facebook’s crypto venture to wind down after asset sale to

Meta Platforms Inc-backed Diem Association sold its assets to crypto-focused bank Silvergate Capital Corp, Diem said on Monday, ending the tech giant’s ambitious push to get its billions of users transacting in its own currency. Silvergate said in a separate statement that it had paid $182 million for Diem’s intellectual property and other assets. The…

Budget 2022: Sitharaman says RBI to launch digital cryptocurrency

India’s finance minister on Tuesday said the central bank will introduce a digital currency in the next financial year using blockchain and other supporting technology. “Introduction of a central bank digital currency will give a big boost to digital economy. Digital currency will also lead to a more efficient and cheaper currency management system,” Nirmala…

Digital Rupee proposed to be introduced by RBI from 2022-23: Sith

Digital Rupee is proposed to be introduced by RBI using blockchain technology starting from 2022-23, Finance Minister Nirmala Sitharaman said on Tuesday. In her Union Budget 2022-23 speech, she also said Rs 1 lakh crore financial assistance to states will be provided in 2022-23 to catalyse investments. The finance minister further said that in 2022-23,…

Cryptos face mounting pressure; lack of policy clarity remains a

The past two months have seen a spectacular bear market in cryptocurrencies. This comes after a long bull run, which multiplied cryptocurrency market value, pulled in new investors, and led to serious investment houses setting up crypto indices and advising portfolio exposure to digital currencies. The value of cryptocurrencies.peaked early-mid November 2021. Since then, most…

Govt to take balanced view on cryptocurrency, says PEA Sanjeev Sa

The government will take a balanced view on the issue of regulation of cryptocurrencies as they have implications on the country’s financial stability, Principal Economic Adviser Sanjeev Sanyal said on Monday. Currently, there are no particular regulations or any ban on use of cryptocurrency in the country. The issue of cryptocurrency has not been covered…

What Is the Future for Cryptocurrency?

The last 18 months or so have transformed the cryptocurrency world and it has grown faster than ever before. Due to the pandemic, more and more people have ventured into crypto trading for the first time and prices of certain cryptocurrencies from Ethereum to Floki Inu have inflated drastically. But what does the future of…