Tag: India

India’s Crypto Rebirth:5 New Staggering Opportunities

India’s Crypto Comeback, as Government Signals Policy Shift

India is reconsidering its crypto stance, prompting global service providers to re-enter the market.

Initially, the Indian government planned to release a consultation paper on crypto regulations after its G20 presidency in 2023. However, Ajay Seth, Secretary of India’s Department of Economic Affairs, recently stated that the framework must be recalibrated due to evolving global trends.

#BudgetRoundtable2025 | Ajay Seth: Crypto Discussion Paper To Be Released In Next Couple Of Months

Since 2022, India’s strict tax regime—30% on crypto income and 1% tax deducted at source—has deterred traders and led to a decline in trading volumes. Platforms like WazirX saw a 90% business drop, prompting relocation to Dubai.

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However, with policy shifts on the horizon, major exchanges are re-entering India. Coinbase registered with India’s Financial Intelligence Unit on March 11, following Binance, Bybit, and KuCoin.

This recalibration aligns with a global trend of pro-crypto regulation. In February, Hong Kong introduced stablecoin regulations and approved crypto ETFs. In March, Australia launched new digital asset governance and licensing rules.

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India’s crypto ecosystem is evolving stance may soon make it a key player in the global crypto market.

Indian Railways to Launch NFT Tickets for MahaKumbh Pilgrimage

The Indian Railways will implement blockchain for NFT tickets in collaboration with Chaincode Consulting, on the upcoming MahaKumbh Mela to be held in Prayagraj, Uttar Pradesh. This is one of the sacred Hindu events which happens every 12 years, and in the year 2025, it will attract over 450 million devotees.

Announced on January 13 via X, the collaboration with IRCTC will utilize the Polygon blockchain in developing NFTs-an affordable and ecologically viable blockchain for scaling. These NFTs would be available on the NFTtrace platform, which improves traceability in tickets and thus ensures safety in travel.

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It stitches real-world assets with blockchain technology, taking the experience for over 1.2 million daily passengers using IRCTC to a whole new level. The NFT tickets would be not just special souvenirs for the passengers but can also be publicly verified on blockchain by authorities or the general public.

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The 2025 MahaKumbh promises to be an international spectacle, with celebrity appearances by Richard Gere, David Lynch, and the Dalai Lama. Indeed, a very progressive initiative that will raise the stakes for India in mingling its rich tradition with cutting-edge technology-a promising future for NFT and crypto adoption.

Hyderabad Women Are Taking Over India’s Crypto Game

Summary: Who says crypto is only for men? Hyderabad’s women are straight-up slaying in the crypto world, making up 45% of the city’s investors. According to CoinSwitch’s “How India Invests in Crypto 2024” report, they’re leading the charge in a space that’s been mostly dominated by men and it’s a total vibe shift for India’s investment scene.

Crypto Queens of Hyderabad

While the rest of India still has women at just 11% of crypto investors, Hyderabad’s got a whole different energy. Women here are owning nearly half of the crypto game, showing the rest of the country how it’s done. Out of all Indian cities, Hyderabad ranks fourth for total crypto investments, with a solid 5.1% share. It’s trailing only Delhi NCR (20.1%), Bengaluru (9.1%), and Mumbai (6.5%)but clearly making its mark.

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Smart Moves, Smarter Investors

Hyderabad’s investors know what’s up. Around 42% are all-in on large-cap cryptos, 26% are vibing with mid-caps, and 4% are rolling the dice on small-cap coins. The rest? They’re playing it cool with 28% in blue-chip assets. Women aren’t just dipping their toes in they’re making big moves, showing the world they’re just as savvy (if not more) than their male counterparts.

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Tradition Meets Tech

Hyderabad, with its rich history and modern tech vibes, is the perfect mix of old-school charm and new-age hustle. The city’s pro-crypto stance shows that you can honor your roots while embracing the future and women here are leading that charge like total bosses.

ITAT Rules Crypto as Capital Assets – What It Means for Indian Investors

Summary: India’s Income Tax Appellate Tribunal (ITAT) just dropped a bombshell ruling, clarifying how crypto gains will be taxed especially for transactions that happened before April 2022.

Capital Gains, Not Extra Income

The ITAT has officially labeled cryptocurrencies like Bitcoin and Ethereum as capital assets. Translation? Profits made from selling crypto before April 2022 will be taxed as capital gains, not as income from other sources.

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For long-term HODLers who’ve held their crypto for over three years, profits will fall under long-term capital gains (LTCG), meaning a lower tax burden. For instance, if you bought Bitcoin for Rs 5.05 lakh in 2015 and sold it for Rs 6.69 crore in 2020 yep, that massive profit is LTCG and taxed at favorable rates.

Post-April 2022 – The Game Changed

Here’s where it gets spicy: after April 2022, profits from crypto are taxed at a brutal flat 30% rate, regardless of how long you’ve held. So, those big gains? Uncle Sam (or, in this case, India’s taxman) will take his cut.

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This ruling gives much-needed clarity to Indian crypto investors navigating the tax maze. Pro tip: Keep those transaction records spotless tax season just got real.

Jetking Stock Skyrockets 30% After Betting Big on Bitcoin

Summary: Jetking Infotrain which is one of the oldest and OG Indian IT training company has now made headlines by adding and integrating Bitcoin as a treasury asset. This has made the company the first Indian company to adopt Bitcoin. This bold and progressive move has send its stock through the roof and it surged by 30% hitting a five year high.

Jetking Goes All In on Bitcoin

Jetking Infotrain, founded way back in 1947, just flipped the script on Indian tech by scooping up 12 Bitcoins worth $1.2 million. While that’s a small buy compared to big players, it’s still a major flex, making up 26% of their $4.5 million market cap. After the announcement, Jetking’s stock popped off, shooting up 30%.

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Known for training over 700,000 tech pros in everything from networking to cloud computing, Jetking is now hopping on the crypto bandwagon, joining global tech giants like Tesla and MicroStrategy. For a company with annual sales of just $2 million, this Bitcoin bet is getting people to sit up and take notice.



What’s the Catch?

While Jetking’s move is a vibe, replicating it might be tricky for other Indian companies. Crypto policies in India are still strict, with a hefty 30% tax on gains and plenty of regulatory red tape. Compare that to the U.S., where Bitcoin adoption among companies is practically trending, and you’ll see why Jetking’s decision is both bold and risky.

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For now, Jetking’s gamble is paying off, showing the power of mixing old-school legacy with new-age innovation.

ED Seizes ₹12.5 Crore in HPZ Crypto Token Scam Crackdown in India

India’s ED seized ₹12.5 crore in the HPZ Token crypto scam, where investors were duped with fake promises of high returns through a shady app. The scam, now totaling ₹615.90 crore, lured people with small gains before trapping them for bigger investments. Raids hit four cities under the PMLA crackdown.

India’s Enforcement Directorate (ED) just pulled off a major move in the HPZ Token crypto scam, seizing ₹12.5 crore in assets after raiding four cities—Delhi, Gurugram, Thane, and Navi Mumbai. This brings the total amount recovered in this scam to a whopping ₹615.90 crore.

So, what’s the deal with this HPZ Token? Well, it’s a classic case of “too good to be true.” It was easily one of those shady group launching a crypto app and luring hundreds of investors with promises of insane returns—like ₹4,000 a day on a ₹57,000 investment for three months. Initially they even paid out small amounts to build trust, but it was all a setup to trap people into pouring in more money.

The ED stepped in after an FIR was filed in Nagaland, and the Dimapur sub-zonal office took charge of the investigation under the Prevention of Money Laundering Act (PMLA). On December 5, the agency raided 11 locations, freezing bank accounts, fixed deposits, and mutual funds linked to the accused group.

This is one of the biggest crackdowns in India’s fight against crypto fraud. The ED is on a mission to track down every penny of the stolen money and make sure the scammers face justice.

The takeaway? Always double-check any investment that promises sky-high returns—it’s probably a trap. The crypto world is exciting, but scams like this are a reminder to stay alert and informed.

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