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Cryptocurrencies/Coins/WazirX (WRX)
WazirX price, market cap on Coin360 heatmap

WazirX(WRX)

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$0.201678
(-11.69%)
0.00000942 BTC
Market Cap (Rank#270)
$77,012,209
3,596 BTC
Vol 24h
$3,269,314
152.638 BTC
Circulating Supply
381,856,872.34
Max Supply
?
198 days agocointelegraph
Why did WazirX token (WRX) jump 30% after India announced its big crypto tax?
The Indian government said that it does not treat cryptocurrencies as illegal, clarifying that its transactions remain in a grey area.
199 days agocryptodaily
India Budget 2022: Crypto Income To Be Taxed 30%
India welcomes the new crypto tax regime, as the government announces a flat 30% tax on income from all digital assets. Crypto Becomes Legal Asset In the 2022 Budget Speech, Finance Minister Nirmala Sitharaman announced that all income generated from the transfer of virtual digital assets will now be taxed 30%. This would also include virtual digital assets as gifts, which would be taxed in the hands of the recipient. Other than levying the tax rate, this announcement also marks the occasion of cryptocurrencies becoming a legal asset class in India. Sitharaman stated, “Accordingly, for the taxation of virtual digital assets, I propose to provide that any income from transfer of any virtual digital asset shall be taxed at the rate of 30 per cent.”. Furthermore, she also stated that other than the cost of acquisition, the taxed amount will not make concessions for any deductions with respect to any expenses. The loss from the transfer of virtual digital assets can also not be set off against any other income. Additionally, in the speech, Sitharaman also talked about providing for TDS of 1% on the payment made in relation to transfer, above a monetary threshold. Indians Welcome Crypto Clarity Despite the hefty taxation on crypto assets, the industry and experts are welcoming the flat rate. Furthermore, the announcement did not hurt the values of popular crypto tokens like BTC, ETH, WRX, SOL, ADA, DOGE, and MATIC. Most experts in the industry were focusing on crypto being classified as a legal asset class, with detailed provisions for TDS and TCS. Elaborating further from the perspective of crypto investors, Anish Shah, BDO India LLP, commented, “Introduction of taxation on transfer of Virtual digital asset is a welcome move and will give upfront clarity to the investors on how their income would be taxed.” RBI’s CBDC Sitharaman also announced that the RBI would be launching its own central bank digital currency (CBDC) by 2023. Sundara Rajan TK, Partner at DVS Advisors LLP, noted, “The clarity on tax of digital assets is long over due and was expected to be provided this year. The announcement of tax @ 30% on digital asset, coupled with the government launching its own digital currency, is an indication that the government intends to discourage the same and would intend that only the HNIs make such investments and that the government shall not permit cryptos as currency.” PM Modi’s Views On Crypto Regulation As a cabinet minister in the Modi government, Sitharaman has found it imperative to structure a specific tax regime due to the monumental growth of cryptocurrencies and transactions of virtual digital assets. In fact, PM Modi had recently spoken on the matter of cryptocurrencies at the 2022 World Economic Forum's virtual Davos Agenda conference, where he called for the need for global regularity in crypto regulations. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
259 days agocointelegraph
WazirX, Presearch and Komodo rally after data shows a surge in user activity
A surge in user activity and new token listings allowed WRX, PRE and KMD to shake off the week-long crypto market downturn and post double-digit gains.
319 days agocryptopotato
Colin McRae’s Subaru Got Sold for $360,000 Worth of Bitcoin
A race car fan now owns Colin McRae's classic Subaru WRX, paying 8.02 BTC for the deal.

About WazirX

The live price of WazirX (WRX) today is 0.201678 USD, and with the current circulating supply of WazirX at 381,856,872.34 WRX, its market capitalization stands at 77,012,209 USD. In the last 24 hours WRX price has moved -0.004109 USD or -0.02% while 4,260,771 USD worth of WRX has been traded on various exchanges. The current valuation of WRX puts it at #270 in cryptocurrency rankings based on market capitalization.

Learn more about the WazirX blockchain network and how it works or follow the price of its native cryptocurrency WRX and the broader market with our unique COIN360 cryptocurrency heatmap.

WazirX Price0.201678 USD
Market Rank#270
Market Cap77,012,209 USD
24h Volume3,269,314 USD
Circulating Supply381,856,872.34 WRX
Max SupplyNo Data
Yesterday's Market Cap85,108,280 USD
Yesterday's Open / Close0.226989 USD / 0.22288 USD
Yesterday's High / Low0.239747 USD / 0.22288 USD
Yesterday's Change
-0.02% ( 0.004109 USD )
Yesterday's Volume4,260,771 USD
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