Crypto / INDIA (India Coin)
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Heavy Taxation Could Kill India’s Cryptocurrency Market, Binance CEO Warns
Binance CEO Changpeng Zhao mentioned India’s high crypto taxes as something that can kill the Indian cryptocurrency sector. He said this while speaking at the Singapore Fintech Festival. “India has high tax which is probably going to kill the industry,” he said. дальше »
2022-11-12 21:59
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India's RBI announces pilot launch of 'Digital Rupee' for 'specific use cases'
The Reserve Bank of India, India's central bank, has notified that its central bank digital currency (CBDC) pilot project will commence tomorrow. Earlier this month, the RBI announced the pilot of The post India's RBI announces pilot launch of 'Digital Rupee' for 'specific use cases' appeared first on AMBCrypto. дальше »
2022-10-31 19:00
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Amit Shah: Crypto Is Responsible for Spike in Drug Smuggling in India
The Union Minister of India, Amit Shah, said there is an increase in drug smuggling in India through crypto. Over 7% of the Indian population owns crypto. The post Amit Shah: Crypto Is Responsible for Spike in Drug Smuggling in India appeared first on BeInCrypto. дальше »
2022-10-28 01:53
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Flipkart Considers Up to $3B Fundraising to Expand Product Range in India and Challenge Rivals
Coinspeaker Flipkart Considers Up to $3B Fundraising to Expand Product Range in India and Challenge Rivals The fundraising will give Flipkart the push to compete with its rivals. Flipkart Considers Up to $3B Fundraising to Expand Product Range in India and Challenge Rivals дальше »
2022-10-26 11:16
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What India’s CBDC Report Means for Crypto’s Future
The Reserve Bank of India presents its concept of a digital rupee, considering its design, issuance, and effects on the current banking system. The post What India’s CBDC Report Means for Crypto’s Future appeared first on BeInCrypto. дальше »
2022-10-8 04:00
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Binance Froze $1.5 Million Ties To Money Laundering Scheme, India Authorities Say
India’s law enforcement agency Directorate of Enforcement (ED) froze over $1,5 million deposited in crypto exchange Binance. The funds were deposited in Bitcoin via a transaction tie to crypto exchange WazirX and the Mobile Gaming App called E-Nuggets. дальше »
2022-9-29 20:37
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Regulatory Hurdles Slow Crypto Adoption in India & Pakistan, Chainalysis Report Reveals
Hostile regulatory environments see India and Pakistan crypto adoption fall sharply, a new Chainalysis report reveals. The post Regulatory Hurdles Slow Crypto Adoption in India & Pakistan, Chainalysis Report Reveals appeared first on BeInCrypto. дальше »
2022-9-22 23:09
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India Has the Potential to Lead Web3 Revolution: Industry Leaders
Experts believe that India is in a unique position to benefit from Web3, given its large pool of Web3 developers and retail crypto customers, a report in The Times of India said. A quick rollout of 5G, for which contracts have already been awarded to telcos, can further boost India’s chances of leading the Web3 revolution. India […] дальше »
2022-9-16 17:26
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BitConnect’s Satish Kumbhani Indicted By DoJ Is Now Wanted in India
Indian founder of BitConnect, Satish Kumbhani, was indicted by the US Department of Justice (DoJ) in February for “orchestrating” a $2.4 billion global crypto Ponzi scheme and was believed to be hiding in India, he is now wanted in India, too! On August 16, a Pune-based lawyer filed a complaint with the local police alleging […] дальше »
2022-8-26 00:49
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UNCTAD Report Pegs India’s Crypto Adoption at 7.3%, Kicks off Debate about Regulation
A recent UNCTAD policy brief says every seventh person in India held a cryptocurrency in 2021, and the largescale adoption in absence of regulations poses risks of financial instability. Released on August 12, the UNCTAD report sparked a fresh debate about India’s crypto regulation bill that the government planned to bring to parliament at least twice last […] дальше »
2022-8-26 00:37
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Poloniex expands its presence in India
The Poloniex crypto asset exchange recently hosted an India meetup as part of the Poloniex Global tour. The event was held on 17 July 2022 at Taj MG Road, Bengaluru, and served 70+ stakeholders in theThe post Poloniex expands its presence in India appeared first on AMBCrypto. дальше »
2022-8-22 12:45
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India’s ED freezes $46 million of Vauld’s funds on money-laundering charges
Singapore-based Crypto Lender Vauld is facing money laundering charges in India after $46.5 million (3.70 billion Indian rupees) was frozen from its local entity, Flipvolt Technology. The post India’s ED freezes $46 million of Vauld’s funds on money-laundering charges appeared first on CryptoSlate. дальше »
2022-8-12 21:46
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Crypto Exchanges Under Probe In India For $125 Million Laundering Scheme
India’s financial crime-busting agency is now zooming its lens on more than 10 cryptocurrency exchanges in the country for what it believes is illegally moving more than 10 billion rupees ($125 million) offshore. дальше »
2022-8-12 15:30
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Tribal Groups in Remote Indian Area Get Blockchain Caste Certificates
Caste certificates, critical to India's targeted welfare schemes, in one district where tribals are 80% of the population, will be distributed today. The crypto project is the brainchild of Shubham Gupta, 28, an officer of the extremely-difficult-to-qualify-for Indian Administrative Services, who use to work in his father's shoe shop in a remote area of India as a 15 year old. дальше »
2022-7-22 18:16
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India's Central Bank Plans to Ban Crypto
India's FM claims that strong international collaboration is needed in order to implement cryptocurrency ban дальше »
2022-7-18 17:39
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India: BACC ceases to exist because of these reasons
The Blockchain and Crypto Assets Council (BACC) will no longer exist, according to the Internet and Mobile Association of India (IAMAI). The BACC is being disbanded. According to a statement from the The post India: BACC ceases to exist because of these reasons appeared first on AMBCrypto. дальше »
2022-7-16 20:30
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India is investigating crypto exchanges compliance to foreign exchange laws
India’s Directorate of Enforcement has sent notices to crypto exchanges to determine whether they violated the country’s Foreign Exchange Management Act (FEMA), Economic Times India reported. дальше »
2022-7-7 17:40
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India: Trouble for Crypto Players as Enforcement Agency Summons Top Execs
India's Directorate of Enforcement (ED) has summoned top crypto bosses to further probe if the platforms are in violation of foreign exchange rules, a report has confirmed. The post India: Trouble for Crypto Players as Enforcement Agency Summons Top Execs appeared first on BeInCrypto. дальше »
2022-7-6 13:00
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India: The full scope of what's actually in store for exchanges after 1%TDS
The 30% crypto income tax policy came into effect in India in February 2022. The country’s finance minister Nirmala Sitharaman described the tax law as another step toward positive crypto regulationThe post India: The full scope of what's actually in store for exchanges after 1%TDS appeared first on AMBCrypto. дальше »
2022-7-5 19:30
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India: Days Into New Tax Regime, Trading Volumes Tumble Further
Exchanges in India have recorded a drop in trading volumes after the 1% tax at source (TDS) deduction was introduced for crypto assets on July 1, data firms confirmed. The post India: Days Into New Tax Regime, Trading Volumes Tumble Further appeared first on BeInCrypto. дальше »
2022-7-5 11:30
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India: Crypto-exchange volumes are falling, but for how long
Global crypto-holders suffered a lot during the crypto-winter. In fact, the global market cap of cryptocurrencies even dropped below $1 trillion. This is a far cry from the peak in November 2021 when The post India: Crypto-exchange volumes are falling, but for how long appeared first on AMBCrypto. дальше »
2022-7-4 07:30
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Reserve Bank of India ranks crypto near the bottom of systemic risks despite harsh criticism
India's central bank has been a vocal critic of cryptocurrencies over the years; it previously stated that CBDCs could thwart the adoption of digital assets. дальше »
2022-7-1 19:30
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India will consider 28% additional tax on crypto sales next week
Federal and Finance Ministers of India will join a panel on 28-29 June to decide whether to implement an additional 28% tax on cryptocurrency transactions. The post India will consider 28% additional tax on crypto sales next week appeared first on CryptoSlate. дальше »
2022-6-23 03:30
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Ripple’s Job Advert Sparks Speculation Of Office, Workforce Expansion in India
Popular blockchain payments company Ripple Labs seems to be expanding its India operations. According to a recruitment ad posted on Linkedin, the company is looking for a Senior Project Manager, Central Banks, who will be based in India’s IT hub Bengaluru. дальше »
2022-6-23 00:58
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MG Motor Brings Its Metaverse platform MGverse into the Fold
MGverse is to become a dedicated hub for MG Motor India that would combine numerous virtual spaces in a centralized platform. The Chief Commercial Officer of MG Motor India, Gaurav Gupta, confirmed this intuitively. дальше »
2022-6-12 09:54
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India Maintains 1% Tax-Deducted-At-Source For Crypto Assets
Many industry participants have decried India’s crypto tax regime as too harsh and discouraging innovation. As such, it was unsurprising to see a level of excitement when the country’s Tax Department’s website displayed a 0. дальше »
2022-6-11 00:44
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CBDCs Could Kill The Case For Digital Currencies: India’s Central Bank Deputy Governor
Speaking at a webinar organized by the IMF on India’s digital payment system, the Reserve Bank of India’s Deputy Governor T Rabi Sankar said CBDCs could kill the case for cryptocurrencies. Referring to cryptocurrencies backed by advanced technologies, he said that technology is a tool and it can be misused. India is planning to launch its […] дальше »
2022-6-4 18:56
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India’s Central Bank Plans Graded Implementation Of CBDC
India’s banking and finance sector regulator, the Reserve Bank of India (RBI), has said that it plans to introduce a Central Bank Digital Currency (CBDC) in a graded manner. Also, the introduction of a CBDC needs to meet the objectives of India’s monetary policy, financial stability, and currency and payments systems, local media reports. The […] дальше »
2022-6-2 23:34
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India’s Central Bank Chief Says Crypto Has No Intrinsic Value
The chief of the Reserve Bank of India (RBI) on Monday said that cryptocurrencies have no underlying value. He said this as a justification for the current crash in the crypto market. дальше »
2022-6-1 19:44
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What Do We Know About India’s CBDC And Its Graded Approach?
India remains firm on its idea to introduce the Central Bank Digital Currency (CBDC) in 2022-23. In the recent most development in regards to the same, the Reserve Bank of India (RBI) has proposed a graded approach for the introduction of the CBDC. дальше »
2022-5-29 04:00
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Binance APAC Head Sees Crypto Edge in India But Not Without Regulatory Clarity
Leon Foong, Head of APAC at Binance explains why India is taking the center stage for crypto investments in the region. The post Binance APAC Head Sees Crypto Edge in India But Not Without Regulatory Clarity appeared first on BeInCrypto. дальше »
2022-5-27 05:33
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India Ranks First Globally for Play-To-Earn Gaming Adoption
India has hit the number one spot when it comes to Play-to-Earn (P2E). Here is the rest of the world. The post <strong>India Ranks First Globally for Play-To-Earn Gaming Adoption </strong> appeared first on BeInCrypto. дальше »
2022-5-27 03:38
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After Armstrong Tweet, India's Crypto Policy Body Says No Contempt of Court Challenge vs. RBI
Coinbase co-founder and CEO Brian Armstrong had raised the question of contempt of court challenge against India's Central Bank, the Reserve Bank of India but the policy body representing the Crypto industry has said they will not be filing a contempt of court challenge. дальше »
2022-5-26 04:30
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This is what India's crypto-sector needs more than anything
To overcome regulatory ambiguity, safeguard investors, and develop India's crypto-business, CoinSwitch CEO Ashish Singhal argued on Sunday that the country needs to urgently adopt rules on cryptocurreThe post This is what India's crypto-sector needs more than anything appeared first on AMBCrypto. дальше »
2022-5-24 07:00
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India Mulls ‘Reverse Charge’ Tax on Foreign Crypto Platforms
The government of India is planning a "reverse charge" on virtual digital asset investment on overseas platforms. The post India Mulls ‘Reverse Charge’ Tax on Foreign Crypto Platforms appeared first on BeInCrypto. дальше »
2022-5-18 09:03
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India Securities Regulator: Celebrities Should Stop Endorsing Crypto
The Securities and Exchange Board of India (SEBI) has recommended that "prominent public figure" should refrain from endorsing crypto assets. The post India Securities Regulator: Celebrities Should Stop Endorsing Crypto appeared first on BeInCrypto. дальше »
2022-5-17 10:30
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30% On Crypto Gains Not Enough; India To Tax DeFi Now
The Indian Government now wants to levy additional taxes on crypto by extending it to gains made from Decentralised Finance (DeFi). After the introduction of the 30% tax and 1% tax deducted at source (TDS), the tax department of India shall scrutinise interests earned on cryptocurrencies from platforms outside of India. The government wishes to […] дальше »
2022-5-4 04:00
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India eyes 20% taxation on DeFi gains
According to a report from The Economic Times, India is looking to extend its crypto taxations to include gains made from decentralized finance (DeFi) activities. The post India eyes 20% taxation on DeFi gains appeared first on CryptoSlate. дальше »
2022-5-3 18:00
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