Sumit Gupta (CoinDCX)
@smtgpt
Followers
132,744
Following
810
Media
588
Statuses
7,977
Building @CoinDCX 🚀 || Talks about Indian Crypto and Web3 Sector 🌎. Hiring the best web3 folks; DM if interested. 📩
Joined May 2010
Don't wanna be here?
Send us removal request.
Explore trending content on Musk Viewer
Northern Lights
• 225728 Tweets
オーロラ
• 180677 Tweets
DeNA
• 62892 Tweets
#withMUSIC
• 29086 Tweets
BABYMONSTER IN TOKYO D1
• 28443 Tweets
Fulham
• 26251 Tweets
太陽フレアのせい
• 21176 Tweets
ベイスターズ
• 19374 Tweets
ハマスタ
• 18237 Tweets
バチコン
• 17754 Tweets
NUNEW AT BITEC
• 16417 Tweets
ソウルイーター
• 16062 Tweets
ウインマーベル
• 11217 Tweets
#やまコン
• 10723 Tweets
マリノス
• 10702 Tweets
#マルハニチロ
• 10121 Tweets
Pinned Tweet
As a committed India Web3 builder, it's disheartening to see how things have played out. The 1% TDS imposition on every trade not only strained the resilience of Indian traders but also obliterated any chance of India's competitive advantage in leading the web3 space with…
255
45
250
While taxation is a positive step, 30% tax will discourage traders. We believe that crypto-assets should be treated fairly and at par with other asset classes like equities to enable growth of the industry in the long term.
#ReduceCryptoTax
470
3K
5K
Countries across the globe are adopting a pro-crypto approach so they become crypto hubs and get the advantage
India has immense potential to become a leader in the
#crypto
space but 30% taxation may affect our chances by discouraging adoption and innovation.
#ReduceCryptoTax
204
1K
2K
El Salvador becomes the first country to officially adopt Bitcoin as a legal tender, as the bill has officially been approved 🙌
This is indeed a historical event for crypto adoption!
81
191
2K
Crypto is a new technology that can add a lot of value to India's GDP. It can lead to great innovation, create employment opportunities and make India a technology powerhouse💪
Taxation is good. But 30% tax on crypto is demotivating for investors and innovators
#ReduceCryptoTax
152
714
1K
1% TDS nearly killed the crypto industry in India, simply benefiting off-shore crypto platforms who are not complying with the Indian tax laws.🙁
28% GST on full face value on online gaming is going to similarly wipe out the entire Indian gaming industry, and yet again,…
156
292
1K
#Crypto
is a global asset class and an investment product. Trading crypto requires specific skills and cannot be compared to gambling. The tax rate should have at least been the same as it is for other asset classes. The proposed 30% tax will hamper wider adoption.
167
603
1K
It is a truly wonderful feeling when the brand that you have built gets the chance to form an association with the most loved and the most humble superstar in India.
I am beyond excited to share that Mr. Amitabh Bachchan (
@SrBachchan
) is a brand ambassador of
@CoinDCX
. 💪
103
145
1K
1/5
In yesterday's
#CNBCTV18
IBLA live session, Finance Minister Nirmala Sitharaman shared an important sign of a positive and inclusive outlook towards crypto.
Sharing few discussion points in the thread below.
Video courtesy -
@CNBCTV18News
286
244
1K
This is one of the positive news for the entire Indian crypto industry. 🇮🇳
According to sources, the Indian government is looking to form a new panel to regulate crypto. Regulating crypto is the right way forward. 💪
RT and share it with everyone
69
310
1K
#CryptoTaxation
is important. But it should be more
#PeopleFriendly
.
Indians are leading the
#CryptoRevolution
worldwide. But with such high taxation, India shouldn’t be left behind.
123
554
1K
Reached 50K on Twitter today - Thanks to each and every one of you!
Together we will learn and build the crypto ecosystem in India 💪
76
58
1K
This is great news directly coming from RBI. RBI clarified the stand around the old circular which was set aside by the honorable Supreme Court.
Simply put this is a testament, that banks cannot stop people from investing in crypto.
57
211
1K
#CryptoTaxWishlist
🇮🇳
1. 📊 Fair Tax: Like stocks, flexible tax slabs.
2. 🚫 No TDS hassle, or just 0.01%.
3. 📉 Allow loss carry-forward, just like stocks.
#ReduceCryptoTax
for the Indian Crypto Community! 🚀
225
1K
2K
63
465
932
With positive crypto regulations, the rate of growth in the Indian crypto ecosystem will be even faster than it is today
58
112
901
By heavily taxing crypto we’re not just demotivating people from investing in this asset class but also demotivating innovators and investors from building and investing in these businesses.
A better taxation plan for
#crypto
will open up many opportunities.
#ReduceCryptoTax
72
462
876
With the right crypto regulations, India can become a crypto hub, and lead a digital revolution in India
67
121
863
RT if you are bullish about the future of crypto in India!
47
320
861
Moved into our new office in Bangalore. A bigger and better space. Makes me so happy and proud to see how far we've come😇
@nrjkhandelwal
and I are humbled by the love and support we got from everyone🙇♂️
Congratulation to the team at
@CoinDCX
Let's keep growing and flourishing🚀
150
47
814
India can become a crypto hub, and lead a digital revolution with the right crypto regulations
50
88
807
To the people who are in crypto,
We are making an impact.
We are solving real problems.
We are working towards building an awesome future.
139
85
795
Taxation of Virtual Digital Assets or
#crypto
is a step in the right direction. It gives a lot of clarity
India's focus on digital innovation and promotion of blockchain is welcome
The details need to be studied to comment further
But it's great news for crypto investors in India
98
90
760
Every crypto holder was once a noob.
Every crypto trader was once a newcomer who didn't fathom bitcoin's volatility.
We all start somewhere. Let's help each other.
0
94
753
#reducecryptotax
this is what Indian crypto community needs at this stage.
@CryptooAdy
great work on reactivating this campaign. Full support from all of us at
@CoinDCX
🙌
2 years ago we started a petition - urging the GOI to reconsider & change harsh crypto tax rules like :
Flat 30% tax, 1 TDS & No loss set off
If they are not changed, it will result in talent & capital outflow to foreign exchanges.
2 years down the line, negative impact of…
169
778
1K
92
289
714
One of the biggest challenges around crypto is a lack of clarity and its education, how it works, what it is, how other countries are doing it
Let's help educate each other
53
67
731
Millions of job opportunities in India will be created when positive crypto regulations will come into place.
It will directly contribute to the growth of the individual and the economy.
37
71
716
A very imp 6 min message by
@CryptooAdy
.
#reducecryptotax
Sign the petition 👇
English -
Hindi -
Why is GOI banning crypto exchanges.
What’s the solution?
#ReduceCryptoTax
Sign the petition :
English -
Hindi -
191
856
2K
64
372
687
With the right crypto regulations, India can become a crypto hub, and lead a digital revolution
50
91
702
If there is any other crypto that has had a greater impact and utility than Bitcoin, it has to be Ethereum.
Ethereum is home to thousands of decentralized applications, and is ever-evolving!
72
56
687
I want to address the recent requests to list a certain memecoin PEPE that has been trending in the market. While we understand the excitement around this particular asset, we have made the decision not to list it on
@CoinDCX
We take our responsibility as a trusted platform…
269
88
661
If you are new to crypto, you can start by investing a small amount.
You will learn along the way
117
57
669
Before investing in cryptocurrencies:
→ Understand the underlying value of it and then invest
→ Read about the technology behind it
47
82
663
It’s great to see that
@mcuban
has invested in Indian blockchain startup
@0xPolygon
(formerly Matic)
Polygon aims to solve pain points associated with blockchains such as high gas fees and slow speeds, without sacrificing on security
50
73
655
1/9 I am sharing my thoughts on the proposed
#cryptocurrency
bill to be tabled in the parliament during this winter session
43
99
645
If you are new to crypto, start learning about Bitcoin and the evolution of money.
35
49
634
#ReducecryptoTax
As we approach Interim Budget 2024. We urge the
@FinMinIndia
to reconsider the current taxation structure on Virtual Digital Assets (VDAs), setting the stage for a more conducive environment.
Establishing a self-regulatory body for the crypto and blockchain…
54
303
610
Positive crypto regulations will boost crypto space in India
They will open the doors to even more crypto startups, companies to build, eventually generating millions of job opportunities
27
88
607
Not even halfway through 2022 and it's proving to be an AMAZING year already🤩
Excited to announce the launch of CoinDCX Ventures, an investment initiative funding early-stage crypto and blockchain startups. It will serve to strengthen the Web3 ecosystem in India and globally💪
97
63
599
The
#crypto
industry has astronomical potential to boost the Indian economy. From youngsters to established lawyers, accountants, software developers, engineers to entrepreneurs, occupy this space.
Everyone should know that this industry is a hub for visionary folks!
52
84
591
Congrats,
@kucoincom
team!
@CoinDCX
was the 1st crypto asset exchange to be an FIU-registered entity in Dec 2023 and I am now glad to see a global exchange registered with FIU-Ind.
I believe that a compliant crypto ecosystem with only FIU compliant players in
#India
is good…
937
1K
4K
100
86
592
Pat yourself on back, if you
Believe in the future of crypto,
and are also
Helping others believe in the space.
Stay strong.
37
55
589
India has so much untapped potential when it comes to the crypto space.
With the right crypto regulations, India can become a crypto hub, and lead a digital revolution in India.
33
67
597
We are on the right track and are already starting to see the dawn of a new era for the crypto industry in India
49
60
581
For the last few days,
@CoinDCX
team has been working with
@nansen_ai
to publish our proof of reserves. It’ll have all the details including the addresses that the community is asking for. Be assured that we're on top of this and is planned to be published early next week.
67
89
561
.
@CoinDCX
will soon allow its customers to store their crypto in self-custody.
@nrjkhandelwal
and team are super focused on solving this problem (war room setup). Imagine one-click crypto transfer to self-custody 🤩
At CoinDCX, we believe in building and shipping Products 🚀
108
78
561
After El Salvador's adoption of Bitcoin as legal tender, things are looking brighter for the Indian crypto space.
Optimistic about crypto adoption in India!
21
118
550
In my opinion, the much advocated “Proof of reserves” provides a standalone asset value, it only showcases one side of the part. There’s no visibility of liabilities. Proof of reserve without Proof of liabilities is only half the picture.
So let’s take it one step ahead and
94
86
524
Mountains or beaches. I am a mountain person
What’s your favorite getaway option?
85
13
507
Unlike stock markets, crypto markets are open 24/7/365.
They can't be restricted to specific periods as the crypto assets are inherently decentralized and distributed as various blockchain networks.
48
47
504
If you are a beginner in crypto, SIP is a good way to systematically invest.
45
31
500
Hope GOI bites the bullet and come out as a global leader in the Web3.0 world! 🙏🤞
Thank you ma’am for such powerful speech
@priyankac19
!
I was asked if I own any crypto asset:
Answer: 0 , my record is up for public scrutiny. but I speak with 100% conviction for those invested in creating a Web 3.0 world
I thank everyone for the overwhelming response to my speech in parliament today. Hope the GoI bites the bullet
642
2K
9K
24
128
479
No industry was built in a month or a year.
It takes years and decades to build, with the continued and relentless effort from industry stakeholders, participants.
Let's build for crypto!
46
46
502
Crypto assets like Bitcoin, Ethereum, etc. have public blockchain networks that are transparent.
Another reason why one should invest in it.
32
45
489
Crypto education is a priority, and everyone involved in space can contribute towards building a good knowledge base.
#TryCrypto
32
45
482
RBI setting up a dedicated fintech department and including CBDC/Crypto innovation is a welcome news. It is an encouraging sign and a step in right direction for growth of the Indian crypto ecosystem.
#fintech
#innovation
#crypto
21
92
470
Extremely honored to receive the
#ForbesIndia30Under30
award 😇
Couldn't have been possible without the hardworking team at
@CoinDCX
. Thank you for your faith in our vision
This is for everyone at CoinDCX, the risk takers, change makers & everyone out there who holds
#bitcoin
🤞
75
25
455
There is so much learning combined with fun in crypto every day.
56
31
458
On behalf of the CoinDCX team, I would like to thank everyone for the initial warm response to the
#BitcoinLiyaKya
campaign video.
36
33
452
India has so much untapped potential when it comes to the crypto space!
We are seeing steady progress in the use of blockchain technology in India's talent pool, and this will continue to rise in the future.
28
63
441
Crypto is making the concept of transfer of value, a reality. The best part is it will be available to everyone like never before.
26
56
450
All the best to team
@Paytm
! India’s largest IPO so far 🙌
This makes me so optimistic about the future of India!
@vijayshekhar
13
19
446
If you are planning to be an entrepreneur, I can tell you that, you have to be dedicated 24/7/365. There is no easy ‘hack’
29
32
451
Hey guys, please recommend me some really really good TV series or movie to watch! 👀
212
20
430
Netflix’s Kota Factory resonates very closely with my experience at IIT Bombay. The friendships and the bonds we made back then, and have lasted even after all this time, are depicted beautifully in the show.
13
19
444
A strategic focus on key measures is vital for the flourishing of India's crypto industry. Envision the potential if we lower the TDS rate from 1% to 0.01% and align the crypto tax rate with that of other assets, reducing it to 30%. This isn't just policy reform; it's a catalyst…
42
220
442
1/2 As promised, sharing the certificate issued by our statutory auditor on Proof of Reserves and user liability. With this, I would like to reassure all CoinDCX users that our exchange is in a healthy condition and your funds are completely safe with us
68
72
433
We are on the right track to mainstream adoption for crypto and are already starting to see the dawn of a new era for the crypto industry in India
31
54
438
🇮🇳 Indian crypto ecosystem will only amplify Indian fintech ecosystem to even higher levels.
17
30
422
Adopting and regulating crypto assets will not only help millions of Indians get exposure to investing in crypto assets, but will also develop many job opportunities in the economy
42
53
432
As we approach Interim Budget 2024, all eyes in the Indian crypto space are on potential regulatory shifts for VDAs. we're hopeful the
@FinMinIndia
will revise the TDS rate for crypto from 1% to a more feasible 0.01%.It's also crucial to allow offsetting losses against gains. 🙏🏼…
59
140
422
It's always so exciting to think about what the future holds for us. Predictions about cell phones got back much further than this and now they're such an integral part of our life.
Similar thing will happen in
#Crypto
! Crypto is going to build a new era of financial internet.
45
90
427
[Product Update] Sharing latest update on Deposits & Withdrawals, and what’s coming next on
@CoinDCX
👇
1⃣INR Deposits ✅
(Super Fast⚡️ (Under 5 mins) | Seamless 🤩 | All users)
2⃣INR withdrawals ✅
(Instant⚡️| Seamless 🤩 | All users)
3⃣Crypto Deposits ✅
(Under ~15 min…
208
79
409
India has a talent pool that is very well-versed in technology — from developers to startup entrepreneurs.
More Indians will be educated about Bitcoin and will start investing.
26
42
418
Crypto = Financial Internet
A new way of how we will be using, storing, purchasing money.
35
55
403