Coinlaa | Crypto India Hub | Activity

Sneha Goel posted an update in the group Crypto India Hub: • Data: The 2025 WazirX cyberattack remains one of […]

Mon, 05 Jan 2026 08:45:29 +0000

• Data: The 2025 WazirX cyberattack remains one of India’s most consequential incidents, involving a $235 million loss attributed to state-sponsored actors.

• Key Takeaway: The recovery of 85% of funds was only possible through a massive restructuring and the move to BitGo, an external, institution-grade custodian.

#CryptoSecurity #WazirX…

Coinlaa Admin posted an update in the group Crypto India Hub: • National Blockchain Framework (NBF): Launched to create […]

Wed, 31 Dec 2025 06:16:41 +0000

• National Blockchain Framework (NBF): Launched to create a secure digital infrastructure for governance, including the Vishvasya Blockchain Stack.

• Document Verification: Over 34 crore documents (such as academic certificates and land records) have already been verified using India’s blockchain platform as of October 2025.

• Digital Rupee…

Coinlaa Admin posted an update in the group Crypto India Hub: Legal Definition: As of 2025, cryptocurrencies are […]

Mon, 29 Dec 2025 07:42:39 +0000

Legal Definition: As of 2025, cryptocurrencies are legally defined as Virtual Digital Assets (VDAs) under the Income Tax Act, 1961.

• Permitted vs Prohibited: It is legal to buy, sell, and hold crypto, and trade on domestic or FIU-IND-registered international exchanges. However, it is prohibited to use crypto as payment for goods, services, or…

Sneha Goel posted an update in the group Crypto India Hub: Legal Status: Cryptocurrencies are legally defined […]

Sat, 27 Dec 2025 07:54:48 +0000

Legal Status: Cryptocurrencies are legally defined as Virtual Digital Assets (VDAs) under the Income Tax Act, 1961. While they are legal to buy, sell, and hold as an investment, they are not legal tender and cannot be used for payments.

Taxation: There is a 30% flat tax on profits from crypto sales, plus a 4% cess. Additionally, a 1% Tax…