Crypto Coach Ritu Shah – Digital assets will become mainstream investment options with taxation

“Cryptocurrencies: The When, Why and How of it” the recent book was authored by Ms. Shah

Mumbai (Maharashtra) [India], February 5: The 30% tax on income from the transfer of virtual digital assets such as cryptocurrency marks a new era for cryptocurrencies in India, according to Ritu Shah, a seasoned investment professional and author of a recently released book on cryptocurrencies.

“I am a strong proponent of cryptocurrencies and have been investing in cryptocurrencies, besides other asset classes. Finance minister Nirmala Sitharaman’s announcement to levy tax on profit from the transfer of virtual digital assets like cryptocurrency removes the ambiguity and uncertainty around their legal status in India. Nonetheless, cryptocurrencies have become very popular among investors, and there has been a phenomenal increase in transactions in recent times. As technology evolves, there’s no question that cryptocurrencies are here to stay. I expect cryptocurrencies to become a mainstream investment option with this announcement,” said Ms. Shah, who is popularly known as Crypto Coach for her in-depth knowledge of cryptocurrencies.

Ms Shah’s recent book “Cryptocurrencies: The When, Why and How of it” talks about the importance of cryptocurrencies and explains them in detail. The book analyses the different characteristics of various tokens and projects in a simple way and shows ways to manage crypto investments. It captures the evolution of each crypto project and its distinct points. It shares tips to choose the right crypto for investment and trading and shows how investors can secure their financial future with cryptocurrencies. The book also talks about how Central Bank Digital Currency (CBDC) will take shape through various blockchain projects. Incidentally, the FM also proposed to introduce Digital Rupee, using blockchain and other technologies, to be issued by the Reserve Bank of India starting 2022-23.

“Interactions with investors revealed that while everyone has heard about cryptocurrencies, they know very little about them and how they work. For example, few knew the difference between Bitcoin and Ethereum or between Cardano and Vechain. There was little information available about cryptocurrencies, and this is what inspired me to write the book,” says Ms. Shah, who helms RS Advisories and Equispec Ventures LLP, adding the book has generated a lot of positive feedback and reviews.

“Cryptocurrencies: The When, Why and How of it” has been published by Notion Press and is available in paperback format on Amazon India and Amazon Global, Flipkart, notion press store and various other eCommerce platforms and book stores.

Business

ERD Technology Roadshow 2024 Under ‘Aatm Nirbhar Bharat Abhiyan’

New Delhi (India), March 4: Supporting PM Modi’s initiative ‘Aatm Nirbhar Bharat Abhiyan’, ERD Technology Roadshow 2024 was organized in the national capital on 2nd March. A pioneer in the manufacturing of Mobile Phone Accessories in India, ERD Technologies organized the Grand Technology Roadshow and Business Summit where 700 plus distributors from Delhi, Goa, Maharashtra, Rajasthan, Uttar […]

Read More
Business

Kotyark Industries Limited Sets a Benchmark in the Bio Diesel Sector with Verra Carbon Credit Certification

Vadodara (Gujarat) [India], March 4: Kotyark Industries Limited is thrilled to announce its recent achievement of being accredited under Verra, the globally recognised standard for carbon certification. This landmark accomplishment earmarks Kotyark as the first Indian company in the Bio Diesel sector to be acknowledged this achievement. By adopting innovative and eco-friendly practices, Kotyark Industries […]

Read More
Business

FAITTA Welcomes The Commerce Ministry Order To Route 100 per cent Dust Tea Through Auctions

Kolkata (West Bengal) [India], March 4: The Federation of All India Tea Traders Association ( FAITTA) — the apex body of Tea Traders, Buyers, Packers and Retailers of Tea in India reiterates its total commitment towards offering Food Safety compliant Teas to both Indian and global markets. The FSSA enjoins all Food Business Operators (FBOs) […]

Read More