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Indian crypto investors may not be charged this tax

India may not be charging a 2% equalization levy on crypto investors. Finance Minister of India, Nirmala Sitharaman was responding to a query by the deputy chief minister of the eastern state of Bihar about data concerning crypto exchanges and their investors in the country. Sitharaman noted that the current administration did not collect any such information. Earlier reports stated that the tax department was analyzing whether the equalization tax will be applicable on the purchase of digital assets from overseas exchanges. This was because the country has expanded the

Crypto Community Largely Approves of Binance Acquiring CoinMarketCap

Despite markets all over the world facing ever-worsening economic troubles amid the ongoing coronavirus pandemic, it seems as though the crypto industry has been able to weather the storm, at least thus far. In this regard, Binance — the world’s largest cryptocurrency exchange — has recently reached an agreement to acquire CoinMarketCap, one of the most prominent crypto data websites.The official announcement was made by both companies on April 2, with Binance CEO Changpeng Zhao telling Cointelegraph that CMC and Binance have from the very start been working to make