India's Tax Authority Flags Crypto Risks, Opposes Market Entry
- Compliance Risk Warning: The Indian Income Tax Department highlighted significant challenges in tax compliance related to virtual digital assets (VDAs) like cryptocurrencies, particularly due to their anonymity and borderless nature, which complicates tracking and assessing taxable income in cross-border transactions.
- Strengthened Regulatory Measures: To enhance oversight of virtual assets, Indian authorities are implementing mandatory registration and Tax Deducted at Source (TDS) mechanisms aimed at improving transparency and compliance, thereby enabling more effective monitoring of digital asset activities.
- International Comparison: In contrast to India's cautious approach, Japan plans to significantly reduce capital gains tax on crypto assets by 2026, reflecting differing global strategies in cryptocurrency regulation.
- Investor Protection Priority: The Indian government prioritizes investor protection and tax compliance before fully opening the digital asset market, demonstrating a strong commitment to financial security and regulatory enforcement.
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Technical Analysis for DEFI
Technical Sentiment Analysis for DeFi (DEFI) As of , DeFi (DEFI) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 2 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for DEFI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, DEFI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
DeFi (DEFI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000197 | 0.000246 | 0.000294 | 0.000343 | 0.000391 | 0.00044 | 0.000488 |
| Fibonacci | 0.000246 | 0.000283 | 0.000306 | 0.000343 | 0.00038 | 0.000403 | 0.00044 |
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