The warning came when retail crypto investments in the country are skyrocketing.
During this festive period in India, cryptocurrency exchanges will entice users to transact bitcoin rather than gold. This is a sequel to the commencement of this year’s Hindu celebration, the Ganesh Chaturthi, which commenced a few days ago. Indian-based crypto exchanges have commenced active measures in attracting more users and investors. The plan is to attract retail traders by deploying proactive marketing blitz/campaigns,...
India, already home to 1.37 billion people (nearly 4x that of the United States), is one of the fastest-growing countries. India’s population demographic is much younger than that of China and the United States, and its middle class is anticipated to be the largest in the world (in terms of quantity of people) by 2025. It has the world’s second-fastest-growing mobile market, but...
The firm hired 150 people in the initial launch with expectations to expand it further.
Countries in Asia, especially India, are outpacing the rest of the world when it comes to adoption of cryptocurrencies. A recent analysis of the markets by the research firm Finder has found that the top five countries in terms of crypto ownership are all located in Asia. Though these countries were considered as unimportant earlier, the recent study contradicts this and Asian countries...
The Reserve Bank of India is studying various aspects of digital currencies.
The Indian bitcoin exchange will be allowing its users to purchase everyday goods such as pizza and coffee with bitcoin through in-app vouchers.Indian bitcoin exchange Unocoin will now allow its users to purchase everyday consumer items such as pizza, coffee, and ice cream in the country using bitcoin, local news outlet...
Delhi High Court has issued a notice on the plea filed against cryptocurrency advertisements in India; the court has ordered the utilization of standardized disclaimers on the ads in the public interest. The Divisional Bench of Justice DN Patel and Justice Jyoti Singh has notified the Securities and Exchange Board of India (SEBI), the Ministry The post Breaking: Indian High Court calls for...
Nirmala Sitharaman, the Indian finance minister in her latest interview gave an insight into the long-pending crypto bill. She revealed the cabinet note for the crypto bill is ready and has been prepared after taking inputs from the stakeholders of the industry. The Indian crypto bill was listed during the last budget session of the The post Indian Finance Minister Says Cabinet Note...
Bitcoin maximalists have always been known to refer to Bitcoin as digital gold. There are speculations that Bitcoin will overtake gold in the coming years as a preferred store of value. This seems to be the case with each bull market as Bitcoin outperformed gold by 10 times in...
Foreign crypto exchanges offering their service to Indian customers might have to pay additional tax, as per a report in The Economic Times. The Indian Tax authority is exploring the tax bracket that many foreign cryptocurrency exchanges may fall into depending on their service offerings in the country. At present foreign exchanges don't pay any The post Big Setback For Foreign Crypto Exchanges...
18 to 35-year-olds showed the most interest in cryptocurrency investments in India.
The government is in discussion with regulators and other stakeholders too.
The crypto space never sleeps, even on the weekend. Currently, Bitcoin is down 4.2% and is trading at $35,594. Meanwhile, Ethereum is up 1.2% over the last 24 hours and is trading at $2,370. Now let’s take a look at some of the top crypto news stories for the day....
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