India's First CBDC, FTX Fiasco, LUNA Meltdown: Crypto Events That Defined 2022
ABP News2022 has been a particularly eventful year for the crypto sector. Here’s a quick look at some of the major crypto events that made headlines in 2022: India announces crypto tax Cryptocurrencies, non-fungible tokens, and similar entities are clubbed under virtual digital assets in the country and face a stringent taxation structure as part of the new regime that came into effect on April 1 this year. The shocking dips have led to investors losing faith in the crypto, with Binance exchange even going to the length of halting LUNA trading. As a result of news reports regarding mishandled customer funds, corporate due diligence, and alleged US agency investigations, Binance decided to not pursue the potential acquisition of FTX. FTX investors lost nearly $2 billion of their hard-earned money and overall, the crypto market saw a decline of nearly $40 billion.
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India budget 2022: India announces 30% tax on all cryptocurrencies and NFTs
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