Crypto taxes, accounting & compliance made calm. $200B+ processed across 600M+ transactions Clear reporting. Confident decisions.
- Tweets 13,843
- Following 10
- Followers 79,331
- Likes 13,957
Our Year-End Report for Indian Crypto Tax FY 2024–25 is now LIVE.
We derived insights from ₹70,000+ Cr in user trading volume.
Here Are The Key Highlights:
1) KoinX users alone paid ₹130+ Cr in crypto TDS (over 25% of India’s total).
2) ₹38.52 Cr was over-collected as TDS & had to be refunded to users.
3) Users made ₹2,861 Cr in profits. At 30% tax, that’s ~₹858 Cr in taxes.
4) With no loss adjustment allowed, users ended up owing ~ ₹1,170 Cr in tax.
5) ₹2,039 Cr of crypto losses got no tax relief at all.
1 in 5 traders tried futures, total losses (₹2,742 Cr) exceeded profits (₹2,492 Cr).
6) ₹51,252 Cr (nearly 72% of Indian crypto trading) moved offshore.
7) ₹208 Cr was earned without trading, via airdrops, staking, and rewards.
Full Report👇
koinx.com/crypto-tax-insight…
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Breaking:
Supreme Court of India has struck off Reserve Bank of India's (RBI) banking ban against #Crypto. The Court held that RBI Circular dated 6th April 2018 is unconstitutional.
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I was today‘s years old when I learned that this tiny pocket is for your income after tax.
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48+2=50
50+25=75
The "F" in Taxes stands for fun.
This is why you want to follow @getkoinx 🥹
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Do you want @elonmusk to support youngsters🇮🇳 in India?
Banning crypto is not the solution.
Press ❤️ Button to request @elonmusk for support.
#IndiaWantsCrypto
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Breaking News: KoinX Is Now Global! 🚀
We’ve teamed up with @bitgetglobal to simplify crypto tax reporting. Bitget users can now effortlessly sync their trades with KoinX and stay compliant.
This is just the start of our mission to make crypto tax solutions accessible worldwide. 💪
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Crypto Ban 🇮🇳 will bring an end to:
100+ running startups
10 Crypto Media Startups
50000+ employed in the industry.
$100 Billion VC funding is at stake.
3 Potential Crypto Unicorn Startup ($100B)
1000+ potential startups in the seed phase.
Retweet with #IndiaWantsCrypto
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Historic Moment for crypto community in India🇮🇳.
Moment of joy for all of us.
RBI clearly says that 2018 circular of banking ban against dealing in Crypto assets was set aside by the Supreme Court on 4th March 2020.
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India🇮🇳 GDP: $2.8 Trillion.
Crypto Market Cap: $1.4 Trillion.
How can India afford to EXCLUDE a Trillion $ LEGITIMATE industry?
#IndiaWantsBitcoin
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Proud of our TEAM for their relentless efforts today.
ERROR free instant updates at a lightening speed, directly from the supreme court is something which was never witnessed before.
Hit Like: if you simply "Liked" our work.
Retweet: if you "Loved" our work.
#teamwork
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This is one of the most fantastic news in recent times.
Can we press 1000 ❤️ button for Mr. @NandanNilekani ?
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#BNB market cap is now bigger than the total market cap of the Pakistan🇵🇰 stock exchange.
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Passing a law is one thing.
Enforcement of law is another thing.
For a 100% Ban on crypto we need to Ban Internet first.
#IndiaWantsCrypto
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Breaking News Reporting at its Best and that too LIVE!!
ERROR Free 75 Tweets in 5 Hrs!
Kudos, to our ground reporting team for their efforts.
Can we expect one "WORD" of appreciation from our community for our team?
Please comment!
#CryptoKanoonExpress
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.@TechnicalGuruji request you to do a little more research before making a video on #Bitcoin
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$DOGE is a disaster for the crypto industry. This is exactly the reason why regulators want to BAN this industry.
XTZ, AAVE, LINK, ADA, DOT, LTC, MATIC, and many other projects spend billions on infrastructure to reach where they are today!
STOP supporting this SHITCOIN!
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Crypto community in India is the most strong and United community of all.
🇮🇳🚀
#IndiaWantsCrypto
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Everyone wanted to see Mr. Ashim Sood who represented the Crypto side in the Court. Here is the pic on public demand.
From right to left: Mr. Jaideep Reddy (@jrtechlaw), Mr. Ashim Sood, Mr. Harish (@bvharish - Unocoin) and Mr. Mohammed Danish (@DaniAdvocate- Crypto Kanoon).
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Is there a 🇮🇳 bank who donated 8 cr in India?
Well an 🇮🇳 crypto exchange @WazirXIndia did!
#COVIDEmergencyIndia
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HDFC Bank
ICICI Bank
IDBI Bank
WazirX Bank
Coindcx Bank
ZEBPAY Bank
.
.
.
.
Future is here.
#IndiaWantsCrypto
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Thank you @NPCI_NPCI for taking a positive stand for 1.5 cr Indians who are dealing in crypto.
Target 1000 Likes♥️ as a token of appreciation from the community.
Press the Like button.
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In order to combat covid emergency in India, @sandeepnailwal initiates a charity campaign on twitter and receives $1 MILLION in #Crypto in just a DAY from all over the world.
Such an ease and speed could not have been possible without this beautiful borderless technology!
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Dear @RBI the data suggest that we are once again going to see job losses in the coming days.
Crypto is not about speculation, it's about 🇮🇳 trying to be a part of a booming $2.5 Trillion industry.
1.5 Cr 🇮🇳 are trying to find job/startup/earning opportunities in it.
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Crypto accounts 🇮🇳: 70 Lakh.
DEMAT accounts 🇮🇳: 4 crore.
Why would 🇮🇳 ban an Asset Class which is bringing Financial Literacy among the general masses?
#IndiaWantsCrypto
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Q&A with KoinX 🔥
Ask us anything about crypto taxes & we will respond in comments.
Let's do it👇
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Its a request to Indian Government for positive crypto regulation.
Please contribute with RETWEETS and LIKES! #isupportcrypto
Dear @arunjaitley @PMOIndia
I'm a nobody and there are Millions of young nobody's like me. We have a dream. A dream to participate in the future of wealth -> CRYPTO. Help us by bringing +ve crypto regulations & we'll make India a powerful force in the crypto space. Jai Hind 🇮🇳
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The Judgment Day has finally arrived.
Tomorrow on 4th March 2020, the Supreme Court of India will pass judgment on the constitutional validity of RBI Banking Ban against Crypto.
We hope this judgment will come as a relief to Indian Crypto Industry.
Stay Tuned!
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On 6th April 2018 two historic events happened in 🇮🇳
🔸RBI Ban on crypto.
🔹Crypto Kanoon was Born.
From day 1 we had a purpose and we assure you that we will continue to serve the community.
3️⃣rd Anniversary.
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Half page dedicated to crypto by @timesofindia
👏👏🙌
#2minutekibaat
Can we press ❤️ button for them?
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BREAKING🚨: India’s Finance Minister🇮🇳 Nirmala Sitharaman says that the world bank & IMF spring meeting on crypto assets will take place in April(this month).
This meeting will mark a significant step towards global crypto regulation🔥🧵
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Crypto Banks in the USA.
Crypto Custodian Services in USA.
China world power in Bitcoin Mining.
Crypto exchange launched IPO in USA
Public limited companies allowed to buy crypto in USA.
China working with 40 open blockchains (Bitcoin included)
India...?
#IndiaWantsCrypto
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Raise your hand of you want @Unocoin to come back with crypto 🏧 again.
✋
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We had some very lucrative offers for sponsorship slots today but we denied those offer.
The reason is simple as today the "Slot" belonged to our community.
No one can "own" that slot except our community.
This is our moment!!
#IndiaWinsCrypto
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Bret Lee donates 1 #Bitcoin to support oxygen supplies in 🇮🇳.
Thanks from the Crypto community @BrettLee_58 🙏
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A great news to kick-start your day!!
@Unocoin another co-founder @bvharish has been released.
On behalf of the entire community we welcome you and appreciate your sacrifices made for the growth of Indian crypto space.
#ThursdayMotivation
#Bitcoin
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Historic Day for Crypto in India🇮🇳.
Ek "LIKE" to banta hai!
#IndiaDeservesCrypto
@bitbns @EconomicTimes
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69 Tweets in 5 Hrs by our team!
I hope you enjoyed our live coverage today.
Our team looks up to you for motivation.
Can you express your feelings for our team in the form of "GIF"?
Will wait!
#CryptoKanoonExpress
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0.10 #BTC is enough to beat Mr. Jhunjhunwala in term of wealth.
👇 👇 👇
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SC allows trade in cryptocurrency, quashes RBI curb
economictimes.indiatimes.com…
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The best replies below this comment gets a small gift from @getkoinx 🤑🔥
Let that sink in
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Major breaking🚨: The Government of India 🇮🇳 has officially announced that all Crypto businesses (exchanges, custodians, wallet providers etc) would come under PMLA (Prevention of money laundering act 2022)
This is a huge step for Crypto regulatory clarity in India🔥
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Hit LIKE button as a token of thanks to:
👉Our Luminaries
Mr.Ashim Sood
@bvharish
@NischalShetty
@jrtechlaw
@IAMAIForum
@DaniAdvocate
@inkparadox
@smtgpt
@AjeetK
👉Our Sponsors:
@paxful_India
@WazirXIndia
@bitbns
@PocketBitsIndia
@coindcx
@OKExIndia
@Delta_Exchange
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Proud to be a part of this wonderful crypto community.
Love ❤️ you all.
✊
#IndiaWantsCrypto
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We are undoubtedly the No.1 News Source in the country on crypto regulation, research & analysis.
3.3 Million impressions on Twitter from 8th August'19 - 22 August'19.
Thank you for your trust!
#CryptoKanoonExpress
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India's biggest Bank Fraud by Nirav Modi Valued at 13000 Cr.
Banks in return recovered 11,500 Cr by deducting charges from an innocent bank A/C holder, who did not maintained min balance with bank.
Who is at Loss Bank or Public?
Who was defrauded Bank or Public?
#Bitcoin
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🚨 India’s Crypto Tax Crackdown is Official.
A new reply by the Finance Ministry in Lok Sabha just revealed how serious things are getting for crypto investors.
Here’s everything we learned (and why you should care) 🧵👇
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Outlook on crypto:
U.S.A +Ve
Japan +Ve
Germany +Ve
U.K + Ve
Australia+Ve
France +Ve
Italy+Ve
Malaysia +Ve
Singapore +Ve
Thailand +Ve
Switzerland +Ve
Argentina +Ve
UAE +Ve
Bahrain +Ve
Canada +Ve
Brazil +Ve
Israel +Ve
Hongkong +Ve
INDIA -Ve
Time to rethink @narendramodi
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US🇺🇸 denies India's request to lift an export ban on raw materials needed to make COVID-19 vaccines.
Reason?
They need it for Americans.
Yesterday Dollar, Today Vaccine, Tomorow in fintech!
Allow India to lead in the crypto space for a better self-sustained future!
#JaiHind
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Israelis are allowed
Africans are allowed
Russians are allowed
Japanese are allowed
Americans are allowed
Europeans are allowed
Australians are allowed
To deal in crypto.
And Indians 🇮🇳?
#IndiaWantsCrypto
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It's Official:
342 Crypto startups in India who will get pushed in darkness after proposed crypto ban.
An amazing research work by @coincrunchin
Can we press ❤️ for such research work?
@chetan_bhagat
@milinddeora
#IndiaWantsCrypto
coincrunch.in/2021/01/31/rbi…
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Breaking🚨: UP🇮🇳 secondary education board introduces #crypto & drone technology for classes 9 to 12.
Here’s everything you need to know🧵🔥
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There needs to be a 🪟 available for all kinds of experiments in crypto assets.
There will be a very calibrated approach.
The world is moving fast on technology we can't pretend that we don't want it.
The world looks at us for fintech innovation.
Need 1000+ ReTweet!!
Go Go.
#CNBCTV18IBLA | #FinanceMinister @nsitharaman says 'Govt wants to ensure there's a window for experiments in #Cryptocurrency space.' Adds 'There will be a very calibrated position taken on cryptocurrency.'
@ShereenBhan @FinMinIndia
#Leadersofchange
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India:
🔸1st to invent Zero
🔸1st to invent Ayurveda
🔸1st to invent USB
🔸1st to invent Chess
🔸1st to invent Yoga
🔸1st to invent Shampoo
🔸1st to invent Buttons
🔸1st to invent Wireless tech.
🔺1st to propose jail for dealing in crypto.
Let's rethink!
#IndiaWantsCrypto
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What is a Coin Burn event? How it affects the token price?
@WazirXIndia just removed #WRX worth 112 crore from their circulating supply in their 4th quarter.
It is 2060% more than the previous quarter.
#WRXBurn #2minutekibaat
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🔸India is thinking about regulating #cryptoassets
🔸 RBI will be appointed as regulator.
🔸#Crypto won't get a status of a legal tender or payment system.
🔸 SEBI will regulate exchanges.
🔸 Waiting for outcome of the crypto case hearing on 27-04-20.
Source: @BloombergQuint
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Yeh tera hashtag
Yeh mera hashtag
Yeh @NischalShetty ka hashtag nahi.
Ye hum sabka hashtag hai.
#IndiaWantsCrypto
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Massive News💥💥
China has decided not to eliminate #bitcoin mining industry.
🚀🚀
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Never heard of anyone becoming a billionaire through:
🔸Saving Account
🔸Mutual Fund
🔸Unit Linked plans
🔸Government Bond
🔸 Fixed Deposit
Billionaire in Crypto?
Answer: Yes!
#Crypto
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In our poll conducted earlier 60% investors in India have a holding of less than .50 BTC.
51% audience in crypto is less than 34 years in age.
@SecretaryDEA there is no reason to feel afraid from these young minds.
These youngsters are not criminals.
#IndiaWantsCrypto
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Crypto Ban will make 000's of:
🔸Coders
🔸Content writers
🔸YouTubers
🔸Media Houses
🔸Crypto Exchanges
🔸Start Ups
🔸Bloggers
🔸Blockchain professionals
🔸Community Managers
🔸Digital Marketer
🔸Legal Consultants
🔸Event Managers
🔺Jobless!!
@ianuragthakur
#IndiaWantsCrypto
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What a day Today!!💥💥
🔹150+ Tweets in 7 Hrs💪
🔹Reached 15K followers today
🔹Best day of Arguments
🔹Supreme Court judge explained facts about Blockchain and advocating its immutability.
Hit LIKE & RT for our team.
Do let us know your feeling on #rbivscrypto case.
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This tweet is for sale:
10:45 AM on 04/03/2020, Supreme Court of India had lifted the banking ban in favor of #Crypto. This tweet was the first (before any and all) to bring out the verdict's information and was posted live from inside the Court.
v.cent.co/tweet/123507144094… @cent
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🇮🇷 Iran: The government is trying to make crypto mining a major source of income for the country.
No private individual or corporation can mine crypto.
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🇭🇺 Hungary: Tax on crypto earning will be 50% lesser from 2022.
🇵🇹 Portugal: 0% tax on crypto earnings.
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That's the Power of 1.3 Billion aspiring people living in 🇮🇳.
Congratulations💐 @cz_binance and @NischalShetty for joining hands together.🤝
This news will act as Morale-Booster for crypto startups in 🇮🇳.
#JaiHind
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RBI in their defence once said that even Warren Buffett is against #Crypto
Mr. Ashim Sood reply will mesmerize you!
#RBIVsCRYPTO #CryptoVsRBI
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Breaking News:
The senior management of Paytm has conducted a survey on crypto investment.
Seems like everyone is getting interested!
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We are inside the Court. The Court has not resumed yet. All concerned lawyers are waiting. Stay tuned.
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.@Swamy39 (Subramanian Swamy) who has a very deep understanding of the subject.
Sir, If we decide to ban crypto, we will be the only progressive nation on the planet to do so.
Banning crypto is not the solution. Your opinion matters.
#IndiaWantsCrypto
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Money laundering can happen through:
Fiat
Gold
Silver
Bitcoin
Property
Diamond
Platinum
The state role is to find the culprits and penalize.
Banning an emerging technology because of few BAD ACTORS is not a sensible option.
#IndiaWantsCrypto
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Breaking🚨: Russia 🇷🇺 will launch its first mutual investment fund dedicated to bitcoin & crypto mining
Russia is also G20 India🇮🇳 member.
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The average salary in Canada in 2018 was INR 37,00,000.
The average salary of a Blockchain worker in Canada is INR 70,00,000.
And then we complain of Brain-Drain in India.
Who is responsible?
#Blockchain
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2003: Kotak Mahindra Bank
2009: Bitcoin
#bitcoin User/Market Cap: 22M/$63,336,134,141
Kotak User/ Market Cap: 13M/$33,101,002,220
Who shuld be more worried Bank or BTC?
@KotakBankLtd instead of freezing accounts, focus on embracing this new technology.
#isupportcrypto
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