ilmscore | What's happening in Cryptos in 2022? | CA Rachana Ranade

What's happening in Cryptos in 2022? | CA Rachana Ranade

Published: 2022-04-30
Status: Available | Analyzed

Predictions from this Video

Total: 8
Correct: 0
Incorrect: 0
Pending: 8
Unrated: 0
Prediction
Topic
Status
New Indian tax law imposes a flat 30% tax on all virtual digital asset transfers and a 1% TDS on crypto transactions.
"any income from the transfer of any virtual digital asset shall be taxed at the rate of 30% flat irrespective of whatever is your tax lab apart from this TDS at the rate of 1% has been proposed for transactions involving crypto"
Crypto Taxation
Pending
The US White House has taken a significant step towards regulating cryptocurrency, viewed by experts as a positive move acknowledging its permanence.
"The moment this was discussed within few days, this got actually passed and here you can see the very first paragraph as well which very clearly mentions that the white house took a big step towards regulating cryptocurrency on Wednesday, a move experts describe as extremely positive long overdue and an acknowledgement that crypto is here to stay."
Crypto Regulation Stance
Pending
El Salvador was the first and, to the speaker's knowledge, the only country to adopt Bitcoin as legal tender alongside the US dollar starting September 2021.
"El Salvador that was the first country to use bitcoin alongside the US dollar as a legal tender in September, from September 2021 so to the best of my knowledge this is the only country till now which has actually allowed bitcoin as a legal tender"
Crypto as Legal Tender
Pending
Major banks like JP Morgan and HSBC are entering the metaverse, with HSBC opening a branch in The Sandbox.
"JP Morgan which was the first bank to enter metaverse earlier this year, not only this bank JP Morgan, HSBC also opened a branch in the established sandbox region of the metaverse"
Metaverse Adoption
Pending
Adidas has purchased land in The Sandbox metaverse with plans to sell exclusive branded content and items.
"adidas who purchased a plot of land on sandbox and it it intends to sell a lot of exclusive branded content in this metaverse and they are also going to keep certain items for purchase"
Metaverse Land Purchase
Pending
The Maharashtra government is implementing blockchain technology for the validation of caste certificates.
"Maharashtra government starts using blockchain technology, government using blockchain technology for caste certificate validation"
Blockchain in Government Services
Pending
The current stage of cryptocurrency adoption and development is compared to the internet in the 1990s.
"if I were to compare cryptos today I can compare it with internet in the 1990s"
Comparison of Crypto to Internet
Pending
There's a prediction that crypto and blockchain could replicate the success of the internet over the next 30 years.
"maybe 30 years down the line if crypto or blockchain as a space if it is able to replicate the success of internet"
Future of Crypto/Blockchain
Pending