Tag: india crypto

Nirmala Sitharaman, India's finance minister, presented a compelling argument Tuesday for the global regulation of crypto in order to limit the risk of money laundering and terrorist financing. Her remarks came as she addressed a seminar at the International Monetary Fund's ongoing spring meeting in Washington. "I believe the greatest concern for all countries would be money laundering and currency being used to...

On Sunday, three days after adding support for the popular Unified Payments Interface payment instrument in India, Coinbase - the largest US-based cryptocurrency exchange - removed the feature to purchase bitcoin using the system in India. UPI is an instant real-time payment system designed by India's National Payment Corporation to enable interbank transactions via mobile phone on Coinbase's India services. The NPCI is...

Member of Parliament in the Rajya Sabha and Indian politician, Sushil Kumar Modi has presented a proposition that taxes on cryptocurrencies should be raised from the current 30% to 50%. Sushil Modi reveals his...

Cryptocurrency has become a burning topic all around the globe. Nations are either creating regulations around it or banning it. In the same perusal, Member of parliament,...

Big news for the cryptocurrency community! After months of confusion, India, which was one of the countries that banned cryptocurrencies, submits to reality and backs off from its decision. News surfaced about...

WazirX, a Binance-owned Indian cryptocurrency exchange, was recently found to be defaulting in its tax to the Indian government. Following a visit from the officers of India's Goods and...

India's chief security regulator the Securities and Exchange Board of India (SEBI) warned mutual funds against investing in crypto assets until clear regulations come out. In a press conference, the chairman of the SEBI group Ajay Tyagi addressed the issue and said it won't be an ideal situation for mutual funds to invest public money The post Breaking: Indian security regulator warns mutual...

The latest update in the Indian crypto and CBDC sphere saw the Central Board of Directors of Reserve Bank of India (RBI) discuss the concern around private cryptocurrencies, as well as various aspects relating to Central Bank Digital Currency (CBDC). Today, at the 592...

A report suggests that India's new crypto bill will aim to regulate "private cryptocurrencies," rather than banning them. India's Crypto Bill Will Regulate All Private Cryptocurrencies Earlier, there were reports that the nation may be planning to ban all "private cryptocurrencies," and allow only certain exceptions like the country's own...

The government of India is set to propose a new crypto bill in Parliament. This bill contains some regulations that are unfavorable to India's cryptocurrency economy. In the midst of this, Vijay Shekhar Sharma, the founder of Paytm, has a lot to say. Paytm is an Indian multinational technology company that specializes in digital payment systems, e-commerce, and finance....

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WazirX, the top crypto India exchange is at the center of a $38 million money- laundering investigation...

The Indian crypto regulations are yet to be finalized, but sources familiar with the matter suggested that the top regulatory body in the country may classify it as an asset class,...

Indian Minister of State for Finance and Corporate Affairs in a recent interview said that the Indian government is open to crypto regulations and is considering the various aspects of the nascent field to frame the laws around...