2021-11-18 13:05 |
Indian Prime Minister Narendra Modi has grown increasingly vocal about cryptocurrencies.
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Even as the Indian government is not ready to accord cryptocurrencies any space in the Indian financial system, the strength of the innovative technology behind cryptocurrencies is showing up in most unexpected places.
2021-8-9 15:45 | |
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The Indian government is in complete denial about cryptocurrencies. Replying to a question by a member of parliament (MP), Finance Minister Nirmala Sitharaman informed parliament on July 27 that the Indian government does not collect any data on the cryptocurrency market.
2021-7-30 18:19 | |
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The crypto fever seems to be steadily making its presence felt in India. Indian Startup Begins Accepting Crypto Payments The Rug Republic, a New Delhi-based startup recently announced it would begin accepting top 20 cryptocurrencies for payments but only from Indian customers.
2021-7-25 01:00 | |
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The Directorate of Enforcement issued a show-cause notice to the crypto exchange for allowing clients to transfer cryptocurrencies without following the law of the land.
2021-7-19 17:18 | |
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Indians are favoring investing in cryptocurrencies as data has shown that crypto investments in the country have surged significantly in the past year. According to our recent report, data from Chainalysis has shown that crypto investments in India have grown approximately 900%.
2021-7-1 23:54 | |
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India's stance towards cryptocurrencies has been steadily changing over the past year: indications of ebbing hostility towards this sector have been widely covered. Considering the sheer number of peoThe post Did the Indian govt's 'Bitcoin ban' campaign backfire? appeared first on AMBCrypto.
2021-6-29 04:00 | |
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Indian households are known for their affinity for gold but 2020 brought in a notable shift in investment allocation. While Indians own more than 25,000 tons of gold, investments in cryptocurrencies soared from about $200 million to almost $40 billion in the past year despite a proposed trading ban and outright hostility toward the asset […] The post Are cryptocurrencies the new gold in India? Investors bought $40B in cryptos last year appeared first on Invezz.
2021-6-28 16:25 | |
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Several Indian banks have reportedly halted services to customers dealing in cryptocurrencies despite the central bank, the Reserve Bank of India (RBI), informing them that the banning circular is no longer valid.
2021-6-27 17:00 | |
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Bitcoin (BTC) and other cryptocurrencies bought from exchanges outside the country could cost Indian investors additional tax, while the tax department is looking into whether crypto falls subject to the 2% equalization levy, reported the Economic Times.
2021-6-23 07:00 | |
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Indian investors looking to buy Bitcoin (BTC/USD) and other cryptocurrencies might have to pay about 2% more if they bought them from exchanges outside India. This is due to an impending equalisation levy, an additional tax imposed on such investments and trades.
2021-6-23 22:20 | |
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It has been reported that the Indian government and top industry stakeholders are revisiting provisions of the law that advocated a ban on cryptocurrency. The bill in question is dubbed the Cryptocurrency and Regulation of Official Digital Currency Bill 2021 that was developed years back but never introduced during parliament’s budget session. Bloomberg Quint recentlyRead More
2021-6-17 19:00 | |
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India's Directorate of Enforcement, on Friday, issued a show-cause notice to Indian crypto-exchange WazirX for violating FEMA guidelines for transactions involving cryptocurrencies worth Rs. 2,790.
2021-6-11 12:40 | |
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After years of India's hostile stance towards cryptocurrencies, the country is reportedly looking to classify Bitcoin as an asset class. India's Financial Regulator SEBI To Oversee Crypto Sector According to reports by The New Indian Press, the government has decided to skip its plans to ban cryptocurrencies and consider Bitcoin's classification as an asset class.
2021-6-11 20:30 | |
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RBI’s notorious circular back in 2018 prohibiting banks from offering services to crypto firms may have been revoked in March 2020, but the central bank is showing no signs of changing its tune on crypto-assets.
2021-6-5 18:56 | |
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The Reserve Bank of India's ban on banks' dealings with crypto may be defunct but the institution remains apprehensive of — if not outright hostile to — cryptocurrencies.
2021-6-5 14:29 | |
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The Indian government has always been passive when it comes to cryptocurrencies and how they can have a real human impact in the near future. Speaking on this same topic, Rajya Sabha MP Subramanian Swamy shared his thoughts from an economist perspective and highlighted how effective this technology could be.
2021-5-28 18:26 | |
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In what could be a major development, the Indian government is rethinking its stance on the country’s fledgling but promising crypto industry. Official sources have informally confirmed that the government is planning to set up a new committee to study the latest developments in the field of cryptocurrencies and blockchain technology and suggest proper regulations. […]
2021-5-21 16:14 | |
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The Indian government is reportedly looking to form a new “panel of experts” to focus on ways to regulate the cryptocurrency industry in the country. “There is a view within the government that the recommendations made by Subhash Garg are dated and a fresh look is needed at use of cryptos rather than a total […]
2021-5-20 08:30 | |
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The government of India may form a new panel of experts to study the regulation around cryptocurrencies in the country, reported the local publication citing sources privy to the discussions. A committee headed by former finance secretary, Subhash Garg in 2019, had recommended a blanket ban on crypto-assets which has now been seen as outdated.
2021-5-19 15:51 | |
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Cryptocurrency regulations could finally be coming in India. India to Consider Regulating Cryptocurrencies According to a report by The Economic Times published today, the Indian government is considering forming a fresh panel to study the possibility of regulating digital currencies in India.
2021-5-19 13:16 | |
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The Indian government is reportedly forming a group to regulate cryptocurrencies, moving away from a blanket ban
2021-5-19 07:32 | |
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Former Finance Secretary Subhash Chandra Garg, who headed the committee that drafted India’s cryptocurrency bill, says that the government should not ban cryptocurrencies but regulate them instead.
2021-5-10 11:30 | |
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An official from India’s ministry of finance said Monday that all gains from trading cryptocurrencies like Bitcoin were liable to income tax, as per a report on markets outlet Financial Express. The post Despite no laws, Indian minister says traders must pay taxes on Bitcoin appeared first on CryptoSlate.
2021-3-31 22:00 | |
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Cryptocurrency exchange operator Coinbase has announced that it is establishing a business presence in India. The company has also posted several job openings for its Indian operations despite reports that the government may ban cryptocurrencies.
2021-3-30 19:30 | |
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The note makes recommendations on how best to regulate cryptocurrencies, as well as addressing associated risks. These include issues such as money laundering, threats to the rupee and the environmental impact of crypto mining.
2021-3-29 21:23 | |
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The Indian government has introduced new cryptocurrency disclosure rules. Companies dealing in cryptocurrencies will have to disclose their crypto holdings, among other disclosures, as part of their financial statements beginning April 1.
2021-3-29 06:30 | |
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Indian government and regulators have been trying to take a firm position on the use and supply of cryptocurrencies in the country. Even though the Finance Minister of the country, Nirmala Sitharaman,The post India's central bank claims govt.
2021-3-25 17:15 | |
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The founder of leading cryptocurrency exchange Binance has spoken against the cryptocurrency ban soon to be enforced by the Indian government. While speaking to a local news outlet, Changpeng Zhao explains that making cryptocurrencies illegal to hold will place a limitation on Indian residents, as the asset itself is licit.
2021-3-18 14:21 | |
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According to a senior government official familiar with the situation, the Indian government is working on legislation that will see private ownership of cryptocurrencies criminalized. India’s Crypto Ban Is Still On Course In a Reuters report published on Monday, an unnamed government official said the legislation banning cryptocurrencies in the country is in its final […] The post India To Criminalize Private Crypto Ownership Despite Community Outcry first appeared on BitcoinExchangeGuide.
2021-3-15 19:40 | |
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The Indian finance minister has finally revealed clues about what is in the cryptocurrency bill that is due to be introduced in parliament. Mentioning no crypto ban, she said that the government will take “a very calibrated” approach to cryptocurrencies.
2021-3-9 15:30 | |
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Crypto bank Unicas, a joint venture between Cashaa and United Multi State Credit Cooperative Society, has expanded its operations by opening another physical branch. The bank believes that the Indian government will introduce positive crypto regulation and not impose an outright ban on cryptocurrencies such as bitcoin.
2021-3-2 14:15 | |
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As regulators in India mulling over a bill that could ban cryptocurrencies, an Indian billionaire is looking forward to the same. Rakesh Jhunjhunwala, who has a $3.8 billion net worth, called forThe post Here's why this billionaire wants regulators to ban Bitcoin in India appeared first on AMBCrypto.
2021-2-24 01:30 | |
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India’s securities regulator is reported to be working on barring all IPO organizers from holding cryptocurrencies. This is another statement move from the government following its cryptocurrency ban.
2021-2-23 20:26 | |
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The Indian government appears to be focused on its mission to eradicate cryptocurrencies from the country. However, a new report sheds some light on its approach to phasing out digital assets, explaining that the ban will follow a transition period.
2021-2-12 16:30 | |
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Local media outlets in India are reporting that the Indian government plans to ban all private cryptocurrencies. According to a report from Medianama published on Feb. 9, Finance Minister Nirmala Sitharaman told the Parliament that cryptocurrencies were not legal tender.
2021-2-10 15:30 | |
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Sadly, this year has come with a jolt of reality, showing that all the progress of 2020 was essentially fruitless. Yes to a CBDC, No to Private Cryptos Earlier this year, the Lok Sabha Bulletin confirmed that the Indian government had introduced a new draft regulation that will see the country ban all private cryptocurrencies […] The post Indian Crypto Industry Reacts as Government Presents Bill to Ban Digital Assets first appeared on BitcoinExchangeGuide.
2021-2-9 20:16 | |
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The Indian crypto industry sees a brief panic over the government’s plans to ban “private cryptocurrencies” and explore the need for a CBDC.
2021-2-9 16:21 | |
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The Indian government has finally moved forward with a cryptocurrency bill. Entitled “The Cryptocurrency and Regulation of Official Digital Currency Bill 2021,” the bill has been listed for consideration in the current parliamentary session of Lok Sabha, the lower house of India’s parliament.
2021-1-30 12:05 | |
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India’s central bank, the Reserve Bank of India (RBI), has published a booklet with a section about cryptocurrency and the digital rupee. The central bank acknowledged that cryptocurrencies have gained popularity in recent years and confirmed that it is exploring the need for a central bank digital currency.
2021-1-26 13:35 | |
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After many years of indifference, the Reserve Bank of India (RBI) is now considering the use of a digital fiat currency for the payment sector in the country, a recent report says. This is coming on the backdrop of the increasing popularity of cryptocurrencies globally.
2021-1-26 21:10 | |
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The move is viewed by some as a sign the Indian government is warming up to cryptocurrencies.
2020-12-29 13:41 | |
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Lack of knowledge and awareness continues to be an entry-barrier for Indians looking to venture into crypto. Indian Crypto Exchange Conducts Survey to Gather Insights One of the leading Indian cryptocurrency exchanges, CoinDCX recently conducted a survey trying to gauge the stance towards cryptocurrencies in the country.
2020-11-27 16:00 | |
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An Indian bank is preparing to start providing crypto banking services at its physical bank branches. Customers can buy bitcoin and several other cryptocurrencies at these branches with Indian rupees, open savings accounts with crypto wallets, make loans against their cryptocurrencies, and more.
2020-10-29 11:15 | |
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The proposal hopes to avert a blanket ban that some warn would result in the illegal trade of cryptocurrencies
2020-9-25 07:09 | |
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According to Nischal Shetty, the CEO of WazirX, the Indian crypto company has decided to add support for a number of new cryptocurrencies for the Binance/WazirX transfer option. Shetty noted that the included tokens were among the most requested ones, indicating that the decision came as a result of demand by the community.
2020-9-5 14:25 | |
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Indian policymakers are discussing a new law to permanently ban the trade of Bitcoin and other cryptocurrencies in the nation, reported Moneycontrol on Tuesday. Ban Bitcoin, Once Again The Indian cryptocurrency market cannot seem to catch a break.
2020-8-5 15:07 | |
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A resurgent bitcoin is rekindling Indian interest in cryptocurrencies with reports suggesting many dormant holders are back to trading. A report in Livemint is also attributing the piqued interest to a recent Indian supreme court decision to overturn a prohibition that barred banks from dealing with cryptocurrency exchanges.
2020-7-30 05:15 | |
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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.
2020-7-18 12:20 | |
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