Casa Paura e avidità Piscine minerarie Portafogli Dizionario pubblicizzare Facebook Twitter Telegram Reddit Youtube
Mercato:
24h Vol:
Cryptocurrencies: 13286
Mercata: 104171
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
America's Social Casino

Mercato
24h Vol
13286
Cryptocurrencies
64.52%
Bitcoin Condividere
coinpedia 2025-06-22 07:05:37

Exclusive: How a 77-Year-Old Indian Brand is Betting Big on Bitcoin Despite Tough Taxes

Exclusive: How a 77-Year-Old Indian Brand is Betting Big on Bitcoin Despite Tough Taxes

The post Exclusive: How a 77-Year-Old Indian Brand is Betting Big on Bitcoin Despite Tough Taxes appeared first on Coinpedia Fintech News It’s not every day you hear about a 77-year-old Indian business shifting gears to embrace Bitcoin. But that’s exactly what Jetking, a name once known for making radios and televisions in India, has done. The company, which later moved into IT education, faced tough times during the COVID-19 pandemic. As the world shut down, Jetking’s 200 centers across India saw business dry up. Forced to rethink their future, the leadership explored around 15 different ideas to revive the company. In the end, they made a big move: to transform into a Bitcoin-centric company. In an interview with Coinpedia, CFO Siddarth Bharwani said, “Jetking’s decision to hold Bitcoin as a treasury asset has had both symbolic and financial implications, The move sparked interest from a new class of investors, particularly younger or tech-savvy retail investors.” The company is aiming to hold 210 Bitcoins by the end of 2025. Navigating India’s 30% Crypto Tax India’s strict 30% tax on crypto profits hasn’t made things easy. But Jetking has taken a different route. “We follow a ‘Never Sell Bitcoin’ strategy,” Bharwani explained. This means the company doesn’t realize profits on its Bitcoin holdings, avoiding taxable events. Any changes in value are simply noted as revaluation reserves in the financial reports. Handling RBI’s Crypto Concerns The Reserve Bank of India (RBI) has repeatedly raised concerns about crypto being used for illegal cross-border transfers, like hawala. Jetking says it takes these worries seriously and uses a compliance-first approach. All Bitcoin is bought via regulated, FIU-registered exchanges and stored with institutional-grade custodians that follow KYC and AML checks. Hopes for Better Crypto Laws in India As India works on a formal set of crypto rules, Jetking hopes for fairer regulations. The company supports government oversight but wants a shift from the flat 30% tax to a graded capital gains model based on how long crypto is held. “We expect shift from a flat 30% tax on gains to a graded capital gains tax model based on holding period. Enable carry-forward and offset of losses, as is the case with other financial assets and GST exemption or clarity when crypto is used purely as a treasury reserve, not as payment or service,” they said.

La maggior parte ha letto le notizie

Moralis Money
Mercato
24h Vol
64.52%
Bitcoin Condividere
47
Oggi notizie
Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta