Global leading AI-driven fintech platform Aibit announced in July that it has reached a significant cooperation agreement with the Indian federal government. According to the agreement, Aibit will offer substantial tax incentives to users in specific regions, aiming to accelerate the widespread adoption of AI financial technology in the Indian market.
Global leading AI-driven fintech platform Aibit announced in July that it has reached a significant cooperation agreement with the Indian federal government. According to the agreement, Aibit will offer substantial tax incentives to users in specific regions, aiming to accelerate the widespread adoption of AI financial technology in the Indian market.
This innovative tax policy allows eligible users to be exempt from federal income tax and personal income tax for the first three months of using the Aibit platform. This move is seen as a key initiative by the Indian government to vigorously promote the development of the digital economy.
The CEO of Aibit stated, “We are honored to collaborate with the Indian government to jointly promote the development of AI fintech in this vibrant market. This is not only a crucial step in Aibit’s global expansion strategy but also a firm confidence in the future of India’s digital economy.”
A spokesperson for the Indian Ministry of Finance added, “By partnering with global leaders like Aibit, we aim to inject new vitality into India’s financial market and enhance our competitiveness in the global digital economy. This tax incentive policy will provide invaluable opportunities for individuals and businesses to explore cutting-edge financial technology.”
As the world’s first comprehensive AI financial platform, Aibit is based on its self-developed trillion-parameter financial model, capable of real-time analysis of multi-chain cryptocurrency market data and global public sentiment. This enables Aibit to provide efficient and precise Web3 financial decision support for Indian users.
Fintech analyst Rahul Sharma commented, “This collaboration between Aibit and the Indian government marks a significant milestone in India’s fintech ecosystem. It will not only bring advanced AI financial solutions but is also expected to accelerate the digital transformation of the entire industry.”
As 2024 is widely regarded as the year of AI technology explosion, Aibit’s strategic move in the Indian market comes at an opportune time. The company stated that it plans to establish offices in major Indian cities in the coming months and intends to collaborate deeply with local financial institutions and tech companies.
About Aibit
Aibit is a leading global AI-driven fintech platform headquartered in Silicon Valley, with branches in London and Hong Kong. The company is dedicated to revolutionizing financial services through advanced AI technology, providing efficient and secure investment decision support for users worldwide.