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Report: India plans to regulate crypto instead of banning the sector
The Indian government is readying to regulate crypto as assets instead of enforcing an outright ban on the industry. A report unveiled this news earlier today, citing a Cabinet note. By regulating cryptos as assets, India has declined to recognize coins like Bitcoin (BTC/USD) and Ethereum (ETH/USD) as currencies. дальше »
2021-12-5 18:28 | |
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India’s Financial Regulator Bars Advising on Digital Assets
The Securities and Exchange Board of India (SEBI) said that investment advisors should not provide services for unregulated assets. This includes "digital gold." The post India’s Financial Regulator Bars Advising on Digital Assets appeared first on BeInCrypto. дальше »
2021-10-23 16:07 | |
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Former RBI official says India should embrace crypto as an asset class
Rama Subramaniam Gandhi, the former Deputy Governor of the Reserve Bank of India (RBI), believes it is vital to accept cryptocurrencies as assets. Gandhi, who served the central from 2014 to 2017, shared his views during an event organized by the Internet and Mobile Association of India (IAMAI) and the Blockchain & Crypto Assets Council […] The post Former RBI official says India should embrace crypto as an asset class appeared first on Invezz. дальше »
2021-9-8 18:20 | |
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Indian government adopts new cryptocurrency regulations; how has the legal status of crypto changed?
As the government of India creates plans to “define” cryptocurrencies, the asset class is potentially looking at a changed status in the country, the Economic Times reported. Indications were that the government would propose a new bill to segment them based on use cases, which would be a first, as these digital assets have never […] The post Indian government adopts new cryptocurrency regulations; how has the legal status of crypto changed? appeared first on Invezz. дальше »
2021-9-3 17:56 | |
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Indian Investments In Crypto Grow Rapidly As $40 Billion Milestone Is Reached
India is seeing explosive growth in crypto investments compared to last year as the $40 billion milestone is crossed. Rapid Growth In Cryptocurrency Compared To Last Year As per a Bloomberg report, Indian investors now hold $40 billion in virtual assets, a massive increase from $200 million a year ago. дальше »
2021-6-29 21:34 | |
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Indians Invested Over $200 Billion in Crypto Assets Over the Past Year
Indians continue to remain unfazed by the repeated threats of a blanket ban on crypto-assets. Indians Pour Billions Into Crypto Typically a country with a huge fascination toward gold, India is slowly but steadily starting to drip its feet in the volatile crypto waters as according to a report by Yahoo! Finance, investments in cryptoRead More дальше »
2021-6-28 13:00 | |
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Indians Invested Over $40 Billion in Crypto Assets Over the Past Year
Indians continue to remain unfazed by the repeated threats of a blanket ban on crypto-assets. Indians Pour Billions Into Crypto Typically a country with a huge fascination toward gold, India is slowly but steadily starting to drip its feet in the volatile crypto waters as according to a report by Yahoo! Finance, investments in cryptoRead More дальше »
2021-6-28 13:00 | |
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Indian Exchanges to Join Advocacy Body in Fight for Favorable Crypto Regulations
Some of the largest crypto exchanges in India are set to join the country’s internet advocacy body in a bid to exert pressure on the government regarding cryptocurrency regulations. India has yet to release any formalized decree on virtual currency regulations but numerous speculations abound about how the state will treat digital assets. ZebPay toRead More дальше »
2021-6-22 12:00 | |
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Infosys Chairman Advocates Regulation of Crypto Assets as Commodities in India
The chairman of major Indian company Infosys says that crypto should be regulated as an asset, like a commodity. He believes that crypto investors will significantly contribute to India’s economy. дальше »
2021-6-7 16:30 | |
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How to buy Bitcoin in India [2021] – 7 Top Indian Exchanges
Unlike many other countries in Southeast Asia and the Asian subcontinent that opted to ban trading or even owning Bitcoin, the Reserve Bank of India (RBI) barred regulated institutions such as banks from dealing in crypto assets. дальше »
2021-5-5 13:05 | |
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Crypto Regulation In India: A Deep Dive
In 2021, new cryptocurrency disclosure rules were enacted in India. Any business dealing in cryptocurrencies must now report their entire crypto assets to the government as a component of the financial reports, starting today. дальше »
2021-5-4 17:45 | |
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India may give crypto holders an “exit window” in case of Bitcoin ban
India’s officials are currently discussing the possibility of providing an “exit window” that would allow crypto holders to get rid of their assets ahead of the potential ban on all “private” digital currencies, The Indian Express reported today. дальше »
2021-4-23 10:00 | |
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Indian government mulls banning crypto exchange IPs
At a period when cryptocurrency trading in India remains uncertain, the government is considering blocking the internet protocol (IP) addresses of crypto exchanges and sites dealing with crypto assets. дальше »
2021-3-23 18:02 | |
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Domino Effect: Is India The Start Of Weaker Governments Banning Bitcoin?
This week, it was revealed that India would seek to impose some of the most stringent rules globally on cryptocurrencies, banning citizens from owning, trading, transferring, or mining assets like Bitcoin and altcoins. дальше »
2021-3-16 18:30 | |
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India’s Internet and Mobile Association (IAMAI) Calls for Regulation not Ban of Digital Assets
The Internet and Mobile Association of India (IAMAI) has appealed to the government not to ban cryptocurrency. This appeal comes as reports continue to gather steam that the government intends to place major restrictions on cryptocurrency in the Asian nation. дальше »
2021-3-11 21:59 | |
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Bitcoin vs CBDC: India's growing need for both
After the first crypto-related ban in 2018 that affected many from the sector, the 2021 proposal to ban all private crypto assets is having a similar effect. With the decision expected “soon,” andThe post Bitcoin vs CBDC: India's growing need for both appeared first on AMBCrypto. дальше »
2021-3-10 04:00 | |
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India’s Central Bank Cites Financial Instability Due to Cryptocurrencies
On Wednesday, Governor Shaktikanta Das said that India’s central bank has “major concerns” about cryptocurrencies. He flagged potential risks leading to financial stability. Crypto Adoption Woes The Reserve Bank of India (RBI) has been fundamentally opposed to cryptocurrencies ahead of the government’s plans to introduce a law to ban this form of assets and instituteRead More дальше »
2021-2-25 00:00 | |
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India's crypto ban: How alarmed should Indians Bitcoin traders be?
The Indian cryptocurrency scene is currently waiting on an imminent Crypto Bill, which may define the future of digital assets in the country. The situation is vastly different from 2019 as the currenThe post India's crypto ban: How alarmed should Indians Bitcoin traders be? appeared first on AMBCrypto. дальше »
2021-2-8 19:00 | |
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What India’s proposed Bitcoin ban means for the future of independent digital assets
As recently reported, the budget session of the lower house of India’s bicameral Parliament kicked off with a piece of rather alarming news for Bitcoiners in India when it listed a bill that seems to ban private Cryptocurrencies. дальше »
2021-2-2 18:52 | |
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Rise in Digital Payments has India Exploring the Potential of Digital Rupee
While India has had an often adversarial, murky attitude towards digital assets and cryptocurrencies, the Reserve Bank of India is currently contemplating whether there is a need for a digital version of its sovereign currency, the Rupee. дальше »
2021-1-25 22:13 | |
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India’s Prime Minister Targeted In Twitter Account Hack In The Latest Crypto Donation Scam
Hackers have compromised yet another prominent figure’s Twitter account, seeking to steal unsuspecting followers' crypto assets. This time it was India’s Prime Minister Narendra Modi, who fell victim to malicious hacking that took over the twitter account affiliated to his website dubbed ‘Prime Minister’s National Relief Fund (PMNRF). дальше »
2020-9-4 19:50 | |
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India’s Largest Crypto Exchange WazirX Partners With Matic Network To Develop A DeFi Product
WazirX, which is owned by Binance, is set to introduce an AMM DEX which will allow users to easily swap crypto assets in a decentralized way and at the same time earn fees through provision of liquidity. дальше »
2020-8-19 23:22 | |
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Former Finance Secretary Subhash Chandra Garg Proposes Regulating Crypto as Commodity in India
Subhash Chandra Garg, former Finance and Economic Affairs Secretary of India, has told the Indian crypto community that crypto assets should be regulated as commodities. However, he stands by his draft crypto bill that bitcoin and other cryptocurrencies should be outlawed. дальше »
2020-7-18 12:20 | |
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India’s Largest IT Firm Launches Crypto Trading Service Geared toward Institutional Investors
In a press release issued today, Indian multinational information technology (IT) service and consulting company Tata Consultancy Services (TCS) announced the launch of ‘Quartz Smart Solution for Crypto Services’ to enable institutional investors to diversify their portfolio into cryptocurrencies and digital assets. дальше »
2020-7-9 11:00 | |
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Ripple Makes A Move On India, Proposes Transparent Digital Assets Regulatory Framework
It’s not debatable that cryptos have faced a backlash from government authorities because of their popularity with criminals, and it’s this uncertainty that has led to countries like India attempting to ban them. дальше »
2020-6-18 18:08 | |
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Policy Framework for Digital Assets in India
India is at an inflection point in fintech innovation. The countries’ government and policymakers have the opportunity to foster responsible adoption of new digital asset and blockchain technology by creating transparent, principles-based regulatory frameworks that support it. дальше »
2020-6-18 10:02 | |
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Libra to Become a Reality in India? Facebook Invests $5.7 Billion in Jio Platform
In its biggest deal since WhatsApp, Facebook Inc. will invest $5. 7 billion in Jio Platforms. The Tech giant will buy about 10% of the digital assets controlled by Asia’s richest man, Mukesh Ambani to become the largest minority shareholders in the company. дальше »
2020-4-24 20:46 | |
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Bitcoin now legal in South Korea, India, and “at par” with fiat in France
Against a grim macro outlook, there was some good regulatory news last month. A French court ruled that bitcoin is a legally recognized currency. The Indian Supreme Court overturned India’s crypto banking ban, and South Korea has now fully legalized crypto assets within its borders. дальше »
2020-4-5 16:00 | |
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Yes Bank Disaster Underscores India’s Need for Digital Currencies
India’s financial sector has been experiencing a fair amount of trouble lately, as the private bank, Yes Bank, suffers from $2.5 billion in unpaid loans. The country’s officials have introduced measures to curtail negative effects on the market stemming from local and global incidents, but a better solution would be to introduce digital assets, for […] The post Yes Bank Disaster Underscores India’s Need for Digital Currencies appeared first on BeInCrypto. дальше »
2020-3-16 16:10 | |
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How India’s Reversal of Its “Bitcoin Ban” Could Be Huge for Ripple’s XRP
Earlier today, India’s Supreme Court reversed a ban against Bitcoin, Ripple’s XRP, and other cryptocurrencies. While this is a huge development for all digital assets — from the market leaders to the small altcoins that few know of — some are saying this ruling could have an outsized effect on XRP, which has been struggling... дальше »
2020-3-5 03:00 | |
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Bank of Lithuania Looks into Central Bank Digital Currency
Bank of Lithuania may be the next entity to look into Central Bank Digital Currencies (CBDCs), after multiple banks worldwide have expressed interest. All Aboard the Central Bank Digital Currency Bandwagon Following preliminary interest from central banks in China, as well as India, Cambodia, and to an extent the European Central Bank, the Bank of Lithuania has given attention to digital assets issued and backed centrally. дальше »
2020-1-31 16:00 | |
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India’s Central Bank Explains Why It Blocked Banks From Using Cryptos in Court Filing
The Reserve Bank of India has said in a court filing that it had "ringfenced" financial institutions from dealing with digital assets over perceived risks, but hadn't banned cryptos. дальше »
2020-1-21 13:35 | |
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India’s Central Bank Explains in Court Filing Why It Blocked Banks From Using Cryptos
The Reserve Bank of India has said in a court filing that it had "ringfenced" financial institutions from dealing with digital assets over perceived risks, but hadn't banned cryptos. дальше »
2020-1-22 13:35 | |
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Bitcoin, Crypto Assets are not Banned in India: RBI
After a stressful Supreme Court hearing, India conceded that bitcoin and crypto assets are not illegal. The Reserve Bank of India, the country’s central bank, also stated it did not place restrictions on Bitcoin (BTC) or other virtual currencies. дальше »
2020-1-21 12:32 | |
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India: Kerala planning to use blockchain to bolster financial system
The future of digital assets in India may remain uncertain for a long period of time. However, the implementation of blockchain continues to grow at a rapid pace in the country. According to a repoThe post India: Kerala planning to use blockchain to bolster financial system appeared first on AMBCrypto. дальше »
2020-1-7 11:11 | |
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Binance's speed of execution is its most attractive aspect: WazirX CEO
Many influencers in the cryptocurrency industry believe that these assets have the potential to deliver payment facilities to people who are underbanked. India, being the second-most populous country The post Binance's speed of execution is its most attractive aspect: WazirX CEO appeared first on AMBCrypto. дальше »
2019-12-3 16:30 | |
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Binance Supports New Fiat Onramp to Buy Crypto Assets with the Indian Rupee via WazirX
Binance can now purchase Bitcoin (BTC) and other cryptocurrencies through Rupee bank transfers that are powered by WazirX, the Indian digital exchange for assets. Not banned in the country, people in India still find it difficult to trade and buy Bitcoin because banks don’t have the green light to work with crypto exchanges and companies. […] дальше »
2019-11-27 01:31 | |
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Swell 2019: Dr. Raghuram Rajan on Enabling Financial Inclusion with Blockchain and Digital Assets
Dr. Raghuram Rajan, former Governor of the Reserve Bank of India and Distinguished Professor of Finance at the University of Chicago, took the stage at Swell 2019 and underscored the important role that technology, including blockchain and digital assets, plays in fueling economic growth, increasing financial inclusion and ultimately revolutionizing businesses in emerging markets around … Continued The post Swell 2019: Dr. дальше »
2019-11-7 11:20 | |
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India: Tamil Nadu begins work on AI, Blockchain-related policy framework
Cryptocurrencies are largely illegal in India, but the technology forming the crux of these assets is currently getting attention from many on the Asian subcontinent. According to a recent report bThe post India: Tamil Nadu begins work on AI, Blockchain-related policy framework appeared first on AMBCrypto. дальше »
2019-11-1 16:19 | |
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RBI’s Power Over Crypto Challenged at Length in Indian Supreme Court Today
The Indian supreme court resumed hearing the writ petitions against the banking restriction by the central bank, the Reserve Bank of India (RBI), on Wednesday. Many issues were discussed, ranging from the legality of the RBI action to the classification of crypto assets and how each country regulates them. дальше »
2019-8-14 12:25 | |
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RBI’s Power Over Crypto Challenged at Length in Indian Supreme Court
The Indian supreme court resumed hearing the writ petitions against the banking restriction by the central bank, the Reserve Bank of India (RBI), on Wednesday. Many issues were discussed, ranging from the legality of the RBI action to the classification of crypto assets and how each country regulates them. дальше »
2019-8-15 12:25 | |
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Indian Tax Authority Sends Probing Questions to Crypto Owners – Experts Weigh In
As the Indian government deliberates on the country’s crypto policy, the tax authority continues to send out letters with lengthy, probing questions to crypto owners. News. Bitcoin. com talked to industry experts to find out the implications of these letters, what people can do when receiving them, and how crypto assets are taxed in India. дальше »
2019-8-7 09:35 | |
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India: NASSCOM Condemns Government’s Intentions to Prohibit Bitcoin and Cryptocurrencies
The National Association of Software and Services Companies (NASSCOM), a non-profit trade association made up of firms in India’s information technology and business process outsourcing industry, has kicked against the government’s move to make bitcoin trading as well as transactions involving other blockchain-based digital assets illegal, reports LiveMint on July 30, 2019. дальше »
2019-7-31 11:00 | |
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