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One Place For All Your Crypto Curiosities

    30% Tax Cut on Crypto Profitability Announced

    Thinking about the impact of the tax cut on crypto profitability? Or are you still wondering which crypto you should start with? Crypto has become very popular amongst individuals. You might know a lot of people who are earning profits on investments in the same and on the other hand people who lost money in it every time they tried investing in the digital asset. The new tax deduction law has created further curiosity among fence-sitters. We at Marwadi Financial Services understand this dilemma, and though you cannot invest in crypto with us, we want to ensure that you are well informed on crypto.

    Introducing

    For any and every curiosity you have for crypto and to understand how different cryptos get impacted through global movement and in India. You will get access to blogs, in-depth research reports, and much more, which will help you understand crypto.

    Research Report

    Bitcoin Technical Report

    India has the highest number of crypto investors in the world with approximately 10 crore investors, that amount to around 8% of the country’s population. This is a huge number considering the time this asset class has been into existence, and the Indian government recently announcing a tax of 30% on crypto gains signals that it is taking the digital currency seriously.

    Bitcoin Techno-Fundamental Report

    Bitcoin (BTC) is a peer-to-peer cryptocurrency that intends to act as a decentralised means of exchange. BTC may be sent via the internet in a safe, verifiable, and unchangeable manner. BTC was the first virtual currency to overcome the double-spending problem by timestamping transactions before broadcasting them to all nodes in the Bitcoin network. It was launched in 2009.

    Research Report

    Top Cryptos And Their Shares

    Things you need to know before investing in Crypto - FAQs

    Crypto is a form of digital currency that allows people to transmit value in a digital environment. It is derived from the words 'cryptography' and 'currency', since it uses cryptography to secure transactions happening on the network.

    The value of a crypto can be linked to an underlying asset such as the US dollar, Central Bank Digital Currencies (CBDCs), governance tokens (owners have a say in how the blockchain develops), utility tokens, and non-fungible tokens. This is coming from a developer's perspective. Investors and speculators, on the other hand, hope to benefit from the price fluctuations and the future potential value of crypto. 

    Crypto transactions are recorded on a blockchain which acts like a distributed public digital ledger. This is a decentralised system that records every transaction and is distributed across several computers.

    No. The technology that permits crypto to function is known as blockchain. It's a decentralised, digital transaction ledger for crypto. It's critical to distinguish between the technology that underpins crypto and crypto themselves.

    • Crypto — Generic term for all digital and/or virtual currencies
    • Coins — Any crypto that has its own separate blockchain
    • Tokens — Any crypto that is developed on top of an existing blockchain, for example, some businesses issue their own cryptocurrencies, known as tokens, that may be used to purchase goods or services from the issuing business
    • ICO — Short for Initial Coin Offering, this is a way to raise funding for a new crypto or expand services for existing coins, similar to a privately owned firm going public through an initial public offering (IPO)

    As per the most recent announcement by the Finance Minister in the Union Budget 2022, the legality aspect is still in a grey area. The profits arising out of crypto transactions would be taxed at flat 30%. 

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