news4global
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • VideosHot
    Bitcoin About To Shock Everyone – Prediction Changed | Gareth Soloway

    Bitcoin About To Shock Everyone – Prediction Changed | Gareth Soloway

    Shiba inu Massive news | Emergency Meeting अमेरिका से बड़ी खबर | Cryptocurrency | USDC latest news

    Shiba inu Massive news | Emergency Meeting अमेरिका से बड़ी खबर | Cryptocurrency | USDC latest news

    Stellar Lumens Price Prediction – XLM Crypto Price News Now!!! Watch This Before Buying?

    Stellar Lumens Price Prediction – XLM Crypto Price News Now!!! Watch This Before Buying?

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    FETCH.AI FET Price News Today – Technical Analysis and Elliott Wave Analysis and Price Prediction!

    FETCH.AI FET Price News Today – Technical Analysis and Elliott Wave Analysis and Price Prediction!

    Bitcoin BTC Price News Today – Technical Analysis and Elliott Wave Analysis and Price Prediction!

    Bitcoin BTC Price News Today – Technical Analysis and Elliott Wave Analysis and Price Prediction!

    Crypto.com CRO Coin Price News Today – Cronos Technical Analysis Update Now and Price Prediction!

    Crypto.com CRO Coin Price News Today – Cronos Technical Analysis Update Now and Price Prediction!

    Bitcoin At MAJOR Crossroads (IS BTC PRICE ABOUT TO CRASH?)

    Bitcoin At MAJOR Crossroads (IS BTC PRICE ABOUT TO CRASH?)

No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • VideosHot
    Bitcoin About To Shock Everyone – Prediction Changed | Gareth Soloway

    Bitcoin About To Shock Everyone – Prediction Changed | Gareth Soloway

    Shiba inu Massive news | Emergency Meeting अमेरिका से बड़ी खबर | Cryptocurrency | USDC latest news

    Shiba inu Massive news | Emergency Meeting अमेरिका से बड़ी खबर | Cryptocurrency | USDC latest news

    Stellar Lumens Price Prediction – XLM Crypto Price News Now!!! Watch This Before Buying?

    Stellar Lumens Price Prediction – XLM Crypto Price News Now!!! Watch This Before Buying?

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    FETCH.AI FET Price News Today – Technical Analysis and Elliott Wave Analysis and Price Prediction!

    FETCH.AI FET Price News Today – Technical Analysis and Elliott Wave Analysis and Price Prediction!

    Bitcoin BTC Price News Today – Technical Analysis and Elliott Wave Analysis and Price Prediction!

    Bitcoin BTC Price News Today – Technical Analysis and Elliott Wave Analysis and Price Prediction!

    Crypto.com CRO Coin Price News Today – Cronos Technical Analysis Update Now and Price Prediction!

    Crypto.com CRO Coin Price News Today – Cronos Technical Analysis Update Now and Price Prediction!

    Bitcoin At MAJOR Crossroads (IS BTC PRICE ABOUT TO CRASH?)

    Bitcoin At MAJOR Crossroads (IS BTC PRICE ABOUT TO CRASH?)

No Result
View All Result
news4global
No Result
View All Result
Home Latest news

This Turkish crypto exchange plans to foray in Indian market; welcomes 30% tax, 1% TDS rule

June 11, 2022
Reading Time: 3 mins read
0
This Turkish crypto exchange plans to foray in Indian market; welcomes 30% tax, 1% TDS rule
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

How a little-known cryptocurrency highlights the WA government's Perth Mint problems – ABC News

March 25, 2023
Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

RenQ Finance (RENQ) will overtake Solana (SOL) in the crypto market, here's why! | Mint – Mint

March 24, 2023

Looking at the exponential boom in cryptocurrency in India, the leading Turkish Cryptocurrency exchange firm Bitay is planning to foray into the Indian market. Bitay also accepts and welcomes India’s crypto tax rules. The exchange aims to reach out to the age group of 21 to 35 in major cities of the country.

Bitay which has an existing user base of 1 million customers, has already set up its office in Gurgaon, India.

The latest Chainalysis data showed that India ranks the second-highest among the highest Cryptocurrency users globally as of October 2021. The report also highlighted that the Indian crypto market rose by a whopping 641% throughout June 2021.

Bitay announced its plan to reach out to Indians in the age bracket of 21 to 35 residing in cities like Mumbai, Delhi, Chennai, Kolkata, Pune, Hyderabad, Bangalore, Ahmedabad, Indore, Patna, Jaipur, and Lucknow.

Niyazi Yilmaz, CEO, Bitay said, “We are excited to mark our presence in India with full knowledge of the current status of legal and regulatory guidelines of Cryptocurrency in the country. Keeping in mind the immense growth opportunities of the Crypto industry, we readily accept and welcome the Government’s 30% tax on income from Cryptocurrencies and 1% TDS to be applicable from July. We plan to reach out to Indian traders and investors directly or indirectly and communicate our offerings to them through our campaigns. Upon joining our platform, early users shall get an Airdrop from Bitay, once they complete their KYC on our platform.”

Yilmaz further added, “We would like to target the tech-savvy and hyper-connected millennials who comprise 30% of the country’s overall population and contribute to 38% of the nation’s total gross income. Our passionate team will customize and personalize all our rewarding offerings by leveraging cutting-edge technology. We also want to introduce value-added loyalty programs to appreciate our valued customers.”

Apart from India, Bitay also aims to expand its footprint in other countries, including the USA, England, the Netherlands, and Estonia, considering the vast possibilities of Cryptocurrency activities in these places.

At present, Bitay has licenses in 12 states of the USA. Headquartered in Istanbul, Turkey, Bitay is an exchange platform that enables its users to purchase and sell crypto assets quickly, securely, and conveniently through the latest technology trade systems.

As security remains one of the main concerns in digital asset exchanges, the ISO/IEC 27001 and ISO 9001-certified Bitay have been built with the highest technical security standards available. It stores the customer assets in cold storage like hardware wallets over paper wallets and computers without an internet connection.

After achieving unparalleled growth and success in the Turkish market, Bitay now intends to have a strong footprint in India as the place holds the phenomenal potential to become one of the largest markets for Cryptocurrency, backed by the development of the Indian economy and interests in Cryptocurrency by new-generation users. 

Besides crypto exchange activities, Bitay has created a stable ecosystem by creating initiatives and products such as the Bitay NFT platform, Bitay Visa Card, Bitay Game and Bitay Academy.

Subscribe to Mint Newsletters

* Enter a valid email

* Thank you for subscribing to our newsletter.

Tags: BitayBitay Indian marketBitay Indian market 1% TDSBitay Indian market 30% tax ruleBitay Indian market entrycrypto marketcrypto tdsCryptocurrencyindia crypto tax rateIndia crypto tax ruleindian crypto marketIndian cryptocurrency marketTurkish crypto exchange
Share76Tweet47

Related Posts

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

How a little-known cryptocurrency highlights the WA government's Perth Mint problems – ABC News

by admin
March 25, 2023
0

How a little-known cryptocurrency highlights the WA government's Perth Mint problems  ABC News

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

RenQ Finance (RENQ) will overtake Solana (SOL) in the crypto market, here's why! | Mint – Mint

by admin
March 24, 2023
0

RenQ Finance (RENQ) will overtake Solana (SOL) in the crypto market, here's why! | Mint  Mint

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Crypto founder Do Kwon indicted in US following Montenegro arrest – Reuters

by admin
March 24, 2023
0

Crypto founder Do Kwon indicted in US following Montenegro arrest  Reuters

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Breaking: Terraform Labs founder Do Kwon arrested in Montenegro: Interior minister – FXStreet

by admin
March 23, 2023
0

Breaking: Terraform Labs founder Do Kwon arrested in Montenegro: Interior minister  FXStreet

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

First Mover Asia: Blockchain-Enabled SIM Card for Crypto Investors Fuels Conflux Growth; Bitcoin Holds Near $27.3K After Fed Decision – CoinDesk

by admin
March 23, 2023
0

First Mover Asia: Blockchain-Enabled SIM Card for Crypto Investors Fuels Conflux Growth; Bitcoin Holds Near $27.3K After Fed Decision  CoinDesk

Load More
  • Trending
  • Comments
  • Latest

Bitcoin’s Main Rival Ethereum Hits A Fresh Record High: $425.55

March 3, 2022

Bitcoin Is ‘Definitely Not a Fraud,’ CEO of Mobile-Only Bank Revolut Says

March 2, 2022
How online shopping has changed over the last 30 years | National

How online shopping has changed over the last 30 years | National

April 6, 2022
Protocon Announces ‘Contract Model’, an Alternative

Protocon Announces ‘Contract Model’, an Alternative

April 6, 2022

US Commodities Regulator Beefs Up Bitcoin Futures Review

0

Bitcoin Hits 2018 Low as Concerns Mount on Regulation, Viability

0

India: Bitcoin Prices Drop As Media Misinterprets Gov’s Regulation Speech

0

Bitcoin’s Main Rival Ethereum Hits A Fresh Record High: $425.55

0
Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

'US has left a vacuum that other countries are eager to fill': Coinbase – Cointelegraph

March 25, 2023
Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

How a little-known cryptocurrency highlights the WA government's Perth Mint problems – ABC News

March 25, 2023
Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Despite a recent string of bad news for the crypto industry, Wyoming … – Wyoming Public Media

March 24, 2023
Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Coinbase, Do Kwon, Lindsay Lohan Are All Ensnared by Widening … – Bloomberg

March 24, 2023

Latest News

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

'US has left a vacuum that other countries are eager to fill': Coinbase – Cointelegraph

March 25, 2023
Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

How a little-known cryptocurrency highlights the WA government's Perth Mint problems – ABC News

March 25, 2023

Categories

Site Navigation

  • Home
  • About us
  • Contact us
  • Privacy policy
  • Terms and services
  • Home
  • About us
  • Contact us
  • Privacy policy
  • Terms and services

© 2022 Designed by news4global

No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • Videos

© 2022 Designed by news4global