Despite the recent surge in Bitcoin prices post-US presidential elections, the Union Finance Ministry in India has affirmed its commitment to global cryptocurrency regulations, prioritizing policies beneficial to the economy. The Department of Economic Affairs is working on a paper on cryptocurrency. The Indian government has implemented taxation measures on Virtual Digital Assets, including a 30% tax rate on gains and a 1% TDS on transfers exceeding a certain threshold.
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Why does Russia want to capture the strategic Ukrainian city of Pokrovsk?
Russian forces are encircling the strategic eastern Ukrainian city of Pokrovsk, disrupting supply lines and steel production, prompting most residents to flee due to severe hardships and lack of basic utilities. Ukrainian forces are reinforcing defenses and leadership in response to the intensified Russian offensive, aiming to protect the city and its critical infrastructure. Full Article
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