India’s booming crypto market faces hurdles

2024-3-18 15:30

Industry insiders have expressed concerns about the high crypto tax in India despite the notable surge in Bitcoin prices, which led to significantly increased demand on cryptocurrency exchanges and substantial rises in trading volumes.

CoinDCX, a popular Indian cryptocurrency platform,….

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india cryptocurrency crypto exchanges increased significantly demand

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india cryptocurrency → Ðåçóëüòàòîâ: 126


Ôîòî:

‘Totalitarian’ – Antonopoulos Slams India’s Identity-Based Digital Currency Plans

Andreas Antonopoulos has labeled plans from India’s central bank to create an identity-based national digital currency as “incredibly dangerous” as details emerge of a fresh crackdown on cash. ‘Democracy Dies’ In comments on Twitter August 30, the well-known cryptocurrency educator said India’s history of limiting cash availability to citizens and forcing through surveillance measures via its Aadhaar system would lead to the “death” of democracy.

2018-8-31 19:00


RBI Losing Sleep Over Negative Consequences of Cryptocurrency Ban

The Reserve Bank of India (RBI), the country’s central bank, is reportedly losing sleep over the unconsidered consequences of its cryptocurrency crackdown. Reports from the country indicate that the virtual currency market has mostly adapted to the environment created by the RBI ban with a shift towards peer-to-peer (P2P) platforms and crypto/crypto trading pairs.

2018-8-30 23:26


India Central Bank Considers Using a Digital Currency for Payments

Despite its fierce battle against cryptocurrency, India’s Central Bank, The Reserve Bank of India has set out to create a digital currency to be used for payments in the country. According to the Bank’s 2017-2018 annual report published on Wednesday, a committee of members from different departments has been set up to look into the […] The post India Central Bank Considers Using a Digital Currency for Payments appeared first on ZyCrypto.

2018-8-30 16:14


Ôîòî:

They Might Be Anti Crypto, But The Blockchain Is Still Sought After In India

India is a nation now known for its anti-cryptocurrency stance, yet they are still fostering a very positive attitude towards blockchain technology. I must note that in India, the people are very much pro crypto, but the Indian central bank, The Reserve Bank of India are very much against crypto, making moves to essentially ban cryptocurrency in the country.

2018-8-28 16:00


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India’s Apex Bank Forms New Unit to Handle Blockchain Regulations

The Reserve Bank of India (RBI) – the country’s apex bank, has set up a department tasked with monitoring developments in cryptocurrency, blockchain technology, and artificial intelligence. This move comes as commercial banks are still prohibited from facilitating cryptocurrency transactions and the Supreme court decision on the matter expected later in September 2018.

2018-8-27 19:29


Ôîòî:

Bitconnect ICO Scam: Indian Police Nabs Key Accused

Bitconnect ceased all operations in Jan 2018 citing bad press, scrutiny by US regulators and distributed denial-of-service (DDoS) attacks on its system. India Tightens the Noose in the Pursuit of Bitconnect Scammers According to a local media report, Indian authorities nabbed Divyesh Darji, the alleged Asian head of Bitconnect, on Aug 19 at New Delhi’s […] Bitconnect ICO Scam: Indian Police Nabs Key Accused was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-8-24 15:14


Ôîòî:

Bitconnect Exchange Kingpin Who ‘Lured Investors’ Arrested in India

Murkier details of the Bitconnect cryptocurrency scam have emerged as police have arrested the head of the defunct cryptocurrency exchange. [Note: This is a guest article submitted by Bhushan Akolkar] Bitconnect — A Pyramid Scheme of Scams Last Saturday, August 18, Indian authorities arrested Divyesh Darji, the Asian head of defunct cryptocurrency exchange, in a high-profile scam worth 880 billion Indian Rupees ($12.

2018-8-21 13:00


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Binance eyes return to India as an FIU-compliant platform

Binance is eyeing a comeback to India following a 4-month ban placed on the exchange by the nation’s Financial Intelligence Unit (FIU). Two sources familiar with the development claim that the exchange has agreed to pay a $2 million penalty…