CA Sonu Jain (Crypto Tax Expert)

NIFTY is now live. 20x leverage, 24/7, 365.

CoinDCX finally admitted the $16M loss But the crazy part is it took them 3 days to admit it. On day 1, the CEO called it a rumour and said none of their addresses were affected. Kinda funny how they think the community is fool and they can fool us this easily I'll say it again, withdraw every single penny from these shady, low-tier exchanges. Don't wait, if you love your money

WazirX (@WazirXIndia) joins IBW2026 as Bronze Sponsor. Founded in 2018, WazirX is one of India’s leading crypto exchanges, serving over 1.5 crore users. The platform offers Spot and perpetual Futures trading across INR and USDT markets, with features like WazirX AI, designed to make crypto trading more efficient. 1-2 November. Mumbai.

They say all great trades start before the crowd arrives. Jio Platforms' upcoming IPO is already the talk of global capital markets — and today, Bitget brings that conversation to the derivatives market. JIOUSDT Pre-IPO Perpetuals are now live. The first India-grade pre-IPO perpetual on a global exchange.

The ridiculous arguments by Ambani’s army of Internet shills make no sense On the one hand, they say Starlink couldn’t possibly compete with the amazing low prices offered by Ambani’s de facto monopoly in India and then, in the same breath, they essentially claim that Starlink would be too strong of a competitor! This is absurd hypocrisy and hyperbole. The reality is that competition would greatly benefit the average citizen in India by giving them more choices, as it always does. Ambani’s profits will be lower, but he is not going out of business. And, obviously, if Starlink is too expensive in India, no one will buy it, so SpaceX will need to make pricing affordable.

What will shape the next chapter of India’s bond market? Hear CA Sonu Jain, Chief Risk & Compliance Officer, Graviti Exchange, share insights on 'Sandbox to Scale: Rewriting the Compliance Code' at the Bond Tokenization Summit 2026. Co-Presented By- @Esutra_org & @BlockmazeRWA Co-Powered By- @gripinvest & @STOEX Associate Sponsor- Alt DRX #BondTokenizationSummit2026 #BondTokenization #BondMarket #ESutra #Blockmaze #GripInvest #Stoex #AltDRX

We have detected an unauthorized withdrawal of $98,000 from our ephemeral instance. As a precautionary measure, we have paused all trading, deposits, and withdrawals while we investigate over the next few hours. All user funds are safu. Thanks to the withdrawal batching and monitoring system we recently rolled out, the incident was detected quickly and the damage was contained. The unauthorized amount will be fully covered by our team, so no user will be affected by this incident. We're grateful for your patience and support. We'll share a full update in our Discord soon, and we're committed to full transparency as we work through this.

BREAKING: 🇮🇳 Indian govt set to formally block Polymarket and Kalshi, officials tell ThePrint.

India classified Polymarket as illegal gambling. Your profits didn't disappear, your legal cover did. > India's Ministry of Electronics and IT (MeitY) sent letters to VPN providers on April 25, 2026 warning them of "consequential legal action" for facilitating access to prediction market platforms. > The advisory specifically named polymarket, on may 1, PROGA (Promotion and Regulation of Online Gaming Rules) officially came into effect. > Legal experts confirmed Polymarket and Kalshi clearly fall under its broad ban on "online money games > Polymarket's response? They didn't add India to their restricted countries list, they're - still onboarding Indian users. - still running identity checks. - still processing trades. The platform not blocking you does not mean you're operating legally. It means the legal exposure sits entirely on you, not them. What about your Money > If you made profit on Polymarket from India, you are sitting in one of the most uncomfortable legal positions possible. Here's why. > Polymarket operates on USDC, the Indian Income Tax Department classifies USDC and all prediction market profits under vda, Virtual Digital Assets. That means: - Flat 30% tax on every profit, no exceptions, no distinction between short-term and long-term, no deduction on losses. - If you lost money on 10 trades and won on 2, only the 2 winning trades get taxed. The 10 losses mean nothing. - You file under ITR-2 or ITR-3, schedule vda, line by line, every trade, every date, every transaction. You cannot submit a single "total profit" figure. > Before the new law, SEBI had already warned investors that these platforms offer zero investor protection and are not government overseen. No recourse, no protection, just taxes. When problem will start > If you declare: govt. classified as illegal under PROGA. That paper trail can be referred to enforcement. > If you don't declare: From April 1, 2026, IT Department officers are trained in blockchain forensics and wallet tracing. > Crypto wallet inspection is now permitted during tax raids, any discrepancy above ₹1 lakh between your ITR and exchange records triggers official notices or audits. > Penalties for willful concealment: 20% accuracy penalty, up to 75% civil fraud penalty. and potential FEMA violations for undisclosed foreign crypto income. > Declare and confess. Don't declare and get traced. There is no clean exit once you've traded. The bottom line >Polymarket is a genuinely good product. The technology is real and the volume is massive > a single IPL match on May 7 pulled $27.7 million in combined trading across Polymarket and Kalshi. > But if you're trading from India in 2026, you are in a legal position that is actively closing