Kashif Raza
@simplykashif
Followers
136,320
Following
1,475
Media
2,484
Statuses
21,962
Founder: @Bitinning | Not a financial advisor |Ex- Pepsico, Sony Pictures, UTV-Disney |
India
Joined February 2015
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$APE coin was airdropped to original APE NFT holders.
People who right clicked saved APE image and used it as their profile picture didn't received anything.
Hope now you understood the difference between owning an NFT and Saving an NFT through right click.
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10 MISTAKES OF MY CRYPTO JOURNEY:🆘
1) IN 2017, I took a personal loan for buying
#Bitcoin
at 21%+ interest.
PRINCIPAL+INTEREST= HUGE PAYOUT!
1/
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Indian crypto community is not just a community but a family.
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1.24 Lakh Tweets.
25000 have signed the petition.
Never seen before in the Indian crypto space.
#reducecryptotax
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Crypto is gambling.
Ludo King, Dream 11, Teen Patti are a game of skills and competition should be arranged in schools.
🫡
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1 lakh ka personal loan Lene ke liye chahiye:
Pan card
Aadhar card
Address proof
Two photographs
3 month Salary slip
3 year ITR
2 references
CIBIL score
Field investigation
Phone investigation
40 signature
23000 crore ka bank fraud kaise ho jata hai yaar?
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Jab se
#crypto
pe income tax announce hua.
Profit ke screenshot ana band ho gaye hain Twitter pe.
😀😀😂
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Companies that are responsible for making the youth of 🇮🇳 millionaires.👇
MPL
MyTeam11
Dream 11
CricPlay
11Wickets
Halaplay
FanFight
PlayerzPot.
Companies that are responsible for making the 🇮🇳youth poorer.👇
WazirX
CoinDCX
CoinSwitchKuber
BitBns
Zebpay
Pocketbits
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April 6 to April 10 trading volume drop by:
WazirX: 67%⬇️
CoinDCX: 62%⬇️
Zebpay: 72%⬇️
🇮🇳 Crypto exchanges are struggling.
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I have got into my previous occupation 🥜. Will not rely on
#crypto
anymore. ☹️🙏
#cryptocrash
#BitcoinCash
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Web2 CEO who built a $200 billion market cap entity when visit 🇮🇳:
- Meeting with PM
- Meeting with CM
- Meeting with FM
-Meeting with team
- Press conference
- Visits stores
- Remain in security
Web3 Guy (
@VitalikButerin
) :
- No meetings
- No Agenda
- Only Dosa!
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56% of 🇺🇸Adults hold stock.
21% 🇺🇸Adults hold Bitcoin.
🇮🇳 less than 5% of Adults invest in stocks.
🇮🇳 less than 2% of Adults invest in crypto.
Why 🇮🇳 should be left behind in financial literacy?
#UnfairCryptoTax
won't do any good to financial literacy in 🇮🇳.
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30% flat tax on gambling is fair.
30% flat tax on the underlying tech of
#web3
is not fair.
#UnfairCryptoTax
#reducecryptotax
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Reminder that:
The Crypto community is only asking for fair taxation, not the abolition of taxes.
They want the tax to be levied at par with equities and other commodities.
The Crypto community knows that taxation plays an important role for 🇮🇳 to progress.
#reducecryptotax
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Raise your hand agar tumhare bank account mein 1000 rupay se neeche ka balance hai is waqt.
🙋
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$MATIC is now bigger than:
Indian Oil
Mahindra & Mahindra
Bharat Petroleum
SBI Life insurance
Tech Mahindra
Dabur
Coal India
Hindalco
Godrej
Indusind Bank
Gail
DLF
ICICI Prulife
ICICI Lombard
Ek Retweet to Banta hai yaar 🇮🇳 ke liye!!
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46% of the Indian twitter crypto community was invested in $LUNA
But
I am sure only 0.5% had an understanding of what $LUNA does.
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The
#FinanceBill
'22 passed in the parliament.
👉 30% Flat tax on every profit.
👉1% TDS on every trade/transaction (July Onwards)
👉No Deductions.
👉 No Loss setoff.
Disheartening to see that now the crypto industry in 🇮🇳 will see a slow death.
#RIPcryptoindia
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Problem is not that the market is in deep red.
Problem is that I do not have money to Buy the Dip.
🤔
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Indonesia🇮🇩 decides to tax capital gains from crypto at 0.1%
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RBI in simple sense tells all the banks that you cannot deny the services to crypto community.
What an amazing day for all of us as a family after all the mental agony we all have gone through.
MOMENT OF PRIDE AND JOY.
Yaar 1000❤️ Likes to bante hain aaj 🇮🇳 ke liye.
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All Bitcoin Spot ETFs have been approved In USA.
Congratulations Everyone!
Historic Day Today!!
✊
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All 🇮🇳 exchanges and projects should be given a one day training by the $MATIC team on how to scale things up when business grows.
If you agree......Press ♥️
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$SHIB and $DOGE are not the true representatives of the crypto indutry.
Mainstream media covered the insane gains but no one covers the losses.
$DOGE is 81% down.
$SHIB is 76% down.
If people are taxed on profit they should be allowed to set off losses.
#reducecryptotax
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If you haven’t paid taxes, Meta Mask will hold your crypto.
Why should Ledger have all the fun?
Meta Mask joins the party now!
😀😀😀
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RBI is a regulator appointed by the government.
The government is appointed by the people.
Let the government decide on
#crypto
.
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Crypto is an alternate investment option and not a gambling🃏 floor or horses🏇 running in the racecourse.
#faircryptotax
#reducecryptotax
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10) Crypto is not a sprint......It's a marathon race.
I realized it after a lot of agonies.
It's up to you now.
Be Safe..
THE END...
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Your Taxable Salary 1st yr: 10 Lac
Income Tax 30% : 3 Lac
Disposable income: 7 lac
Your Taxable Salary 2nd year: 10 Lac
Actual value of salary minus 6% inflation: 9.4 Lac
Income Tax 30% : 3 Lac
Disposable Income: 6.4 Lac
Why tax slabs are fixed when
#inflation
is not fixed.
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Zomato trying to become a public company.
Urban clap to become a public company.
$MATIC is already a TRUE public company without an IPO.
How?
70-75% (1 Cr Indian users) in the crypto community have either held or traded $MATIC once in their life time.
@sandeepnailwal
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Crypto community will not forgive
#Mobiwik
for charging insane amount of fees for facilitating crypto deposits.
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Honda has a market cap of $42 Billion.
A few days back $LUNA had a market cap of $42 Billion.
In my 5th year in crypto, I haven't seen something like this before!
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No crypto ads during IPL this year.
But do enjoy new dream-11 ads.
🙂
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The Blockchain and cryptocurrency committee of India🇮🇳 might formally approach finance minister office on more clarity on taxes and to discuss real challenges in implementing 1% TDS.
Sources.
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No news headline on Bitcoin Spot ETF.
No debate on business news channels.
No so called big financial influencers in 🇮🇳 made a video on this.
No TV news anchor is talking about it.
Hence proved that in 🇮🇳they need Masala Topics on Bitcoin that includes CRIME!!
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Zerodha is valued at $2 Billion (Favourable regulatory environment)
CoinDCX is valued at $2 Billion (Non-Favourable regulatory environment)
Rest you do the maths!
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23% of Indians who entered crypto had bought $DOGE as their 1st coin.
It is down by 71% from its ATH.
Any piece of advice for that 23%? Please comment.
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Binance in legal trouble.
Coinbase in legal trouble.
Bittrex in legal trouble.
FTX 2.0 is relaunching.
Mission Accomplished.
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UAE🇦🇪 Prime Minister: Our main plan is to make UAE🇦🇪 as a key player in the future of
#crypto
.
🇺🇸 President: Signed an executive order on crypto.
🇮🇳: ❓❔
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Bitcoin is a license for the middle class in India🇮🇳 to dream big.
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The Virtual Digital Asset industry will eventually die.
Tax revenue from the dying industry will also die.
Net gain for 🇮🇳 = 0.
#UnfairCryptoTax
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There is an opportunity for India🇮🇳 to get a bigger chunk of the trillion-dollar
#crypto
industry globally.
We have a choice today:
That we want to earn a million $ by taxing now.
or
We want to earn trillion $ later by allowing the industry to grow.
#faircryptotax
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.
@WazirXIndia
has decided to compensate its users who suffered losses in $SHIB. In my opinion, it is a great move. Just shows that WazirX as an exchange is "people-centric" and willing to go the extra mile to help the community.
#WazirxCares
Day 927
Announcing WRX Airdrop program for users who bought SHIB at exceptionally high price & did not sell.
WazirX is about trust & we have decided to help our users.
We will AIRDROP WRX equivalent to your loss!
Details soon
Plz share & RT
#WazirXCares
#IndiaWantsCrypto
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Binance gone from India
OKX gone from India
ByBit gone from India
What next?
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"Tax Rules for Crypto saved Indian 🇮🇳Investors from crash."
-SEBI
Is it true?
👇
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You are now going to be a proud Indian crypto tax payer who will participate in the progress of our nation 🇮🇳 by paying taxes on time.
सर उठा के जियो!
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2015: क्रिप्टो से बच्च के रहना!
2016: क्रिप्टो से बच्च के रहना!
2017: क्रिप्टो से बच्च के रहना!
2018: क्रिप्टो से बच्च के रहना!
2019: क्रिप्टो से बच्च के रहना!
2020: क्रिप्टो से बच्च के रहना!
2021: क्रिप्टो से बच्च के रहना!
2022: 30% टैक्स दे दो !
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SEBI Chairperson
If our regulated market can't match crypto's tokenization and instant settlement, investors will shift where they get an instant settlement.
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India is going to be the next superpower without an iota of doubt.
Technology startups will enable that dream. How can we leave crypto out of it?
Crypto is technology, not gambling.
#reducecryptotax
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SEBI calls for no celebrity endorsement of crypto related business.
Celebrities include sportsman and actors.
Is SEBI ok with celebs promoting various fantasy cricket leagues?
🤔
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In 2020 crypto won the case in supreme court with a hope that banking services will be resumed.
In 2022 the reality is that today no 🇮🇳 crypto exchange is able to provide a basic UPI service.
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ABG Shipyard duped SBI and 27 other banks of Rs 22,842 crore.
India's biggest bank fraud.
Why it is so easy for some individuals to defraud the banking system so easily?
It was taxpayer's money.
These cheaters are a real threat to the monetary system of🇮🇳 than
#crypto
.
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Once you enter into crypto there is no exit.
I haven't met a single individual in my life who made an exit after entering crypto.
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Buy the dip sab kehte hain lekin udhaar koi nahi deta.
😀
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Excited!
@binance
has chosen me for their mission to educate masses on crypto assets and Blockchain.
Plz register yourself for a LIVE webinar on 1st may 2022 at the link 👇
Each participant will get a free certificate on Blockchain issued by Binance.
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INR 2000 ($25) credited to all the Ukrainians who had an account on the FTX exchange.
#UkraineRussia
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India’s🇮🇳 Proposed Crypto Tax Rules Likely to Become Law today.
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It took me 4 years, 15K tweets, 25+ rejected applications to get one blue tick.
Now you can get it for $8.
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2% Indians🇮🇳 invest in stock.
56% Americans🇺🇲 invest in stock.
Financial literacy plays an important role in bridging that GAP.
#Crypto
has produced more financially literate citizens than what traditional finance achieved in the last 50 years.
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Under the guidance of tech-savvy (IIT-Kharagpur) IPS officer
@IpsAshish
, 🇮🇳's 1st police complaint portal on
@0xPolygon
blockchain has been launched in Firozabad (UP).
1) Complaints are now immutable.
2) Verifiable.
3) Easy to file.
@sandeepnailwal
🚀
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It's a big day today for crypto community.
🇮🇳 Parliamentary committee is supposed to meet stakeholders in crypto.
Will keep you posted with outcome.
Wish them luck.
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People in 🇮🇳 who were earlier happy with a:
6.5% return in FD
10% return in gold
12% return in stocks
15% return on property
4% return in a savings account
The same set of people now suddenly expect:
100X return from
#crypto
!
🤦🤦♀️
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My only request to
@elonmusk
is to keep a check on the Twitter trends filled with hatred against any cast, color and religion.
Let's make this world a better place.
❤️🙏
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From 1% TDS to .01% TDS.
Hope to see reduction in TDS and Income tax rate on crypto in the
#Budget2023
session tomorrow.
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The 🇮🇳Information Technology Act, was passed in the year 2000.
Today we are in 2022.
22 year old laws cannot be expected to govern
#Web3
and other emerging technologies.
🇮🇳 Needs a new digital law.
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Kai baar sochta hun..
Agar
@0xPolygon
nahi hota to hum government ko
#Web3
🇮🇳 ki achievements ke naam pe kya batate?
@jdkanani
and
@sandeepnailwal
🙏
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After 11 days government will get tax revenue of flat 30% of from crypto.
After 111 days we will realize that an industry with a huge potential to contribute in the growth story of India🇮🇳 has slowly died.
#unfaircryptotax
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Industries that help 🇮🇳 grow show be taxed minimally.
Industries that hurt🇮🇳 more should be taxed more. Like Gutka, cigarettes, and alcohol.
Crypto will help India take a leadership position in tech.
#UnfairCryptoTax
#reducecryptotax
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People will be tempted to move to non-kyc exchanges and decentralised exchanges.
A thoughtful regulation first and taxes later would have bought more clarity.
#UnfairCryptoTax
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After entering crypto:
I watch loksabha LIVE
I watch rajyasabha LIVE
I watch US🇺🇲 congress LIVE
That's what crypto has done to me. 😀
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Crypto exchanges in India are not run by Himalayan Yogi to the best of my knowledge.
Thank God!
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Someone asked me who is the best content creator?
Me: Satoshi Nakamoto.
9 pages of content changed the world forever.
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For the first time in 🇮🇳 65000 caste certificates have been issued on
@0xPolygon
network by the Maharashrta government.
A big thank you to
@MartisNeil
founder
@LegitDocIndia
for convincing and executing the project.
Thank you to our Young dynamic IAS officer
@ShubhamGupta_11
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