India Crypto Tax Impact: CoinDCX CEO Insights
India’s crypto tax, a 30% flat rate plus 1% TDS, has driven 95% of trading offshore. CoinDCX CEO @smtgupta advocates for reducing TDS to 0.01% to boost market growth. #CryptoTax #IndiaCrypto
Crypto Tax
Senate Approves Tax Break for Bitcoin Miners
Oklahoma Senate passes House Bill 1600, granting tax exemptions for Bitcoin and crypto mining operations. This move strengthens Oklahoma’s position as a blockchain hub. #Crypto #Bitcoin
### Terra Luna Classic Rejects LUNC Burn Proposal **Highlights:** – The Terra Luna Classic community has decisively rejected a proposal to increase the burn tax to 1.5%. – Proposal 12105 was turned down due to lack of reasoning and insufficient data to support the increase. – The proposal received only 21.35% “Yes” votes, with 32% voting “No” and 38% “No with veto”. – Validators also opposed the proposal due to the absence of complementary strategies and volume projections. – Recently, the community has adjusted the LUNC burn tax distribution to the oracle pool instead of rewards, with 70% voting in favor. – The current burn tax is set at 0.5%, allocated as 80% for burn and 20% split between the Community Pool and Oracle pool. – Following the proposal’s rejection, LUNC’s price increased by 1% in the last 24 hours, with trading volume surging by 70%. ### SEO-Optimized Title: **Terra Luna Classic Rejects LUNC Burn Tax Increase**
The Terra Luna Classic community rejected Proposal 12105 to raise the LUNC burn tax to 1.5%, with 70% favoring a strategic redistribution to the oracle pool. LUNC’s price rose 1% amid a 70% volume surge. #CryptoNews #TerraLunaClassic
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