So, here we are, folks! The Indian government has decided to shake things up by appointing Tuhin Kanta Pandey as the 11th chairman of the Securities and Exchange Board of India (SEBI). Yes, you heard that right! Tuhin, the finance and revenue secretary, is now the big cheese in charge of all things market-related. 🎩💼
Now, why is this a big deal, you ask? Well, it just so happens that the Indian government has recently decided that cryptocurrencies are no longer just digital coins floating around in cyberspace. Nope! They’ve officially labeled them as “crypto assets” in the latest Finance Bill. And if you thought you could hide your crypto stash under your mattress, think again! Any undisclosed crypto assets are now considered “undisclosed income.” Surprise! 🎉
At the ripe age of 60, Tuhin has taken over from Madhabi Puri Buch, and let’s just say, he’s stepping into some pretty big shoes. Born in Odisha in 1965, Tuhin has a master’s in economics and an MBA from the University of Birmingham. He’s basically the poster child for “overachiever.” After a stint as a collector and district magistrate, he even dabbled with the United Nations. Because why not? 🌍
During the recent union budget, our beloved finance minister, Nirmala Sitharaman, introduced the Finance Bill 2025, which defines cryptocurrencies as “crypto-assets.” This definition is so fancy it could probably win a beauty pageant! And guess what? Starting April 1, 2026, all Indian citizens will be required to report any crypto earnings to the government. So, if you thought you could keep your Bitcoin profits a secret, think again! 🕵️♂️
In a press conference that was probably more thrilling than watching paint dry, Pandey explained the new rules. According to Business Standard, India is now part of a list of 52 jurisdictions that must comply with the Crypto-Asset Reporting Framework (CARF). So, if you’ve got crypto assets, you better start gathering your receipts! 📜
Read More
- Cookie Run Kingdom: Shadow Milk Cookie Toppings and Beascuits guide
- Broadway Box Office: Idina Menzel in ‘Redwood’ Sees Strong Start
- We’re Terrible At Organizing Things.’ Tom Holland Reveals The Sweet Holiday Scheme He And Zendaya Are Going To Try Next Year
- New Era and BEAMS Reunite for Spring/Summer 2025 Collection
- Rick Owens Gives RIMOWA’s Cabin Roller a Bronze Patina
- Neil Gaiman’s Ex-Wife Amanda Palmer on Sexual Assault and Human Trafficking Claims: “I Deny the Allegations”
- Buffy the Vampire Slayer Reboot: Sarah Michelle Gellar Returns to Save the Day!
- 😂🚀 Cryptocurrency Shenanigans: Pepe Coin’s Wild Ride & Yeti Ouro’s Rise 🏔️💰
- Deva: Shahid Kapoor and Pooja Hegde’s lip-lock scene gets trimmed by CBFC? Film’s runtime and rating revealed
- XLARGE Celebrates Lil Wayne With New Collection
2025-02-28 13:08