Top Cryptocurrency News Today: The biggest moves in NFTs, bitcoins, crypto rules and more
[/body][/content]
Most of the top ten cryptocurrencies have suffered double-digit percentage losses over the last week. Only one of the top 20 cryptocurrencies by market cap, namely Chainlink has grown in price over the past seven days by around 20 percent. Read more here.[/body][/content]
IndiaTech urged the finance minister to grant cryptocurrencies recognition as digital assets, and not as currencies. Currently, there is no certainty as to how cryptocurrencies are taxed in India, mainly because of confusion on whether they should be treated as currencies, securities, or some other type of asset. The forum appealed to the government to tweak existing tax laws to include crypto assets and sought clarity on the method of taxation and their disclosures. Read more here.[/body][/content]
Read more on moneycontrol.com
