Digital currencies are becoming popular due to the increased number of users opting for it as a form of transaction and investment. Bitcoin is the oldest and most popular cryptocurrency. The transactions involving digital currencies are not regulated by any regulatory agencies or exchanges. Even though these currencies are converted to fiat currencies through a number of exchanges. The involvement of fiat currencies always brings taxes into the scenario. Crypto Taxes Due to the increased…

A historic judgment was passed by the supreme court of India regarding the Reserve Bank Of India(RBI) ban on cryptocurrency on 4 March 2020. The apex court of the country legalized Bitcoin and another cryptocurrency trading in India. The RBI has banned financial services firms from trading in virtual currencies on April 6, 2018.  Supreme Court Of India Quashed 2018 RBI Order! The supreme court of India has got several petitions regarding this RBI ban.…

The “king of cryptocurrency” was formed in 2009 which allows people to buy and sell through a market place known as Bitcoin exchanges. The mining or creation of Bitcoins is very interesting. People compete to mine Bitcoins using computers by solving complex puzzles. The storing place of Bitcoin is known as “ Bitcoin wallets” or “Digital wallets”. This wallet exists either in the cloud or on a user’s computer. Each Bitcoin transaction is recorded in…

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