Bank AI

Bitcoin

On February 1, Indian Finance Minister Nirmala Sitharaman will present the <a href="https://www.coingabbar.com/en/crypto-currency-news/union-budget-2024-expectations-for-the-upcoming-year" title="Union Budget" class="f-link" style="font-size: 16px; background-color: rgb(255, 255, 255);" rel="noopener noreferrer nofollow">Union Budget 2024-25</a>, for which all sectors are expecting big relief. The sectors which will be most affected by the budget include big sectors like automobile, health, real estate. This budget is going to affect every person, general and special. In such a situation, every person has a lot of expectations regarding this. There is also a large influx of crypto investors in India, who are expecting a lot from the Union Budget. The issues on which Indian crypto investors are most hopeful include the tax and regulatory framework on crypto. 
<h3 id="span-span-data-font-font-size-style-font-size-16px-what-are-the-expectations-of-indian-crypto-investors-from-the-union-budget-span-span">What are the expectations of Indian crypto investors from the Union Budget</h3>
Indian cryptocurrency investors have high expectations from the Union Budget 2024-25, which are as follows
Indian cryptocurrency investors are expecting that there may be some big announcement related to cryptocurrency in the budget, in which any update related to the regulatory framework being created under the chairmanship of India can be given by the Finance Ministry.
Crypto investors have been demanding for a long time to reduce the tax on crypto trading. In such a situation, they hope from the budget that the tax on crypto profits can be reduced from 30% to 10-15%.
For a long time, there have been reports of reducing the TDS imposed on cryptocurrencies from 1% to 0.01%. In such a situation, Indian cryptocurrency investors are hoping that a major decision can be taken in the Union Budget on TDS imposed on crypto.
Investors are hopeful that any update related to India's Central Bank Digital Currency (CBDC) e-Rupee can also be given by the Finance Ministry, such as what is the current number of its retail users and how much its usage has increased. So that crypto investors can make their future plans regarding investment.
Crypto investors are also hoping that some information can be provided in the Union Budget regarding the next step of the Indian government regarding cryptocurrency, which may contain information about the further strategy of the government regarding those foreign crypto exchanges on which the government has recently taken action due to not being registered with the FIU.
Coingabbar believes that Indian crypto investors are also excited about the budget speech. In which investors expect that Finance Minister Nirmala Sitharaman will give her reaction on recent events related to the crypto market in her speech. Which includes the recent approval of 11 <a href="https://www.coingabbar.com/en/crypto-currency-news/bitcoin-etf-approval-could-bring-change-in-india" title="spot Bitcoin ETF" class="f-link" rel="noopener noreferrer nofollow">spot Bitcoin ETFs by the SEC</a>.
Also Read:&nbsp;<a href="https://www.coingabbar.com/en/crypto-currency-news/binance-services-stopped-in-florida-and-alaska" title="Binance US" class="f-link" style="background-color: rgb(255, 255, 255);" rel="noopener noreferrer nofollow">Alaska and Florida Regulators Took Action Against Binance US</a>

Indian Crypto Investors have Big Expectations from the Union Budget

İçindekiler

Coingabbar

30 Oca 2024 tarihli diğer yazılar

Crypto Market Analysis: Bitcoin Gaining Momentum, Ethereum & BinanceCoin Coiling Up

Crypto: ESMA opens debate on the MiCA law

Crypto Investors Falling Prey to AI Trading Bot Scams

Price Analysis: The Price Of Aptos (APT) Increased More Than 5% Within 24 Hours

Fee War: Invesco and Galaxy Digital Slash Bitcoin ETF Fee by 35% to 0.25 BPS

Binance Prepares for Stake Reduction in Gopax; Here’s Why

Güncel kripto para haberleri için ücretsiz bültenimize abone olun!