Indian Crypto Industry Seeks Tax Clarity in Union Budget 2022-23

Indian Crypto Industry Seeks Tax Clarity in Union Budget 2022-23

An Indian industry association has written to the country’s finance minister seeking clarity on cryptocurrency taxation in Union Budget 2022-23. “The budget should ideally offer coherent rules on direct taxation and the GST Council should detail the applicability of taxation, else there will be confusion.” Industry Wants Clarity in Crypto Tax Laws in Union Budget 2022-23 Indian industry association Indiatech has written to the country’s finance minister, Nirmala Sitharaman, regarding cryptocurrency taxation. The association represents major cryptocurrency exchanges in India, including Coinswitch Kuber, Wazirx, and Coindcx. In its letter, the…

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Disney patents technology for a theme park Metaverse

Disney patents technology for a theme park Metaverse

The multinational entertainment giant was approved for a “virtual-world simulator” patent during the last week of December 2021. Disney has been approved for a patent that would create personalized interactive attractions for theme park visitors. The technology would facilitate headset-free augmented reality (AR) attractions at Disney theme parks. The tech would work by tracking visitors using their mobile phones, and generating and projecting personalized 3D effects onto nearby physical spaces, walls, and objects in the park. The entertainment giant was approved for a “virtual-world simulator in a real-world venue,” patent…

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