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Blockchain Is Good But Won’t Rush To An Early Crypto Policy: Indian Finance Minister
Indian Finance Minister Nirmala Sitharaman has offered a more nuanced response to the need for a policy for the Indian cryptocurrency sector. It presents a noticeable contrast to her usual dismissive stance on the future of digital assets in India. дальше »
2022-5-1 23:44 | |
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Crypto Taxation Rules on Deductibles Unfortunate For Indian Industry, Says WazirX Founder
India crypto taxation rules in the proposed Finance Bill 2022 will only make things harder and curtail the industry unless they are changed, according to the founder of WazirX crypto exchange Nischal Shetty. дальше »
2022-3-22 16:56 | |
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Taxes don’t mean crypto trading automatically becomes legal, Indian tax official says
India’s Finance Minister had announced a 30% tax on all crypto income, including NFTs… The post Taxes don’t mean crypto trading automatically becomes legal, Indian tax official says appeared first on Coin Journal. дальше »
2022-2-3 17:37 | |
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India’s Finance Minister unveils the Union Budget 2022 to tax crypto
India has included a crypto tax in its Union Budget 2022. The cryptocurrency market in India remains highly unregulated. However, this tax will now introduce some form of clarity in the Indian cryptocurrency market. дальше »
2022-2-3 10:34 | |
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India to Launch CBDC by 2022-2023, Proposes 30% Tax on Crypto Income
Coinspeaker India to Launch CBDC by 2022-2023, Proposes 30% Tax on Crypto Income Having made this declaration on the digitized rendition of the Indian rupee, India's first Woman Finance Minister also offered the implementation of a thirty percent tax on crypto that focuses on the exchange and trade of virtual digital assets. дальше »
2022-2-2 16:33 | |
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Indian government to enforce tough crypto tax rules, is this a sign of things to come worldwide?
During the budget session, India’s Finance Minister Nirmala Sitharman announced crypto income will be taxed at 30%, along with a string of strict conditions. The post Indian government to enforce tough crypto tax rules, is this a sign of things to come worldwide? appeared first on CryptoSlate. дальше »
2022-2-2 16:00 | |
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Breaking | India: Transfer of digital assets to attract 30% tax
Finance Minister Nirmala Sitharaman has unveiled the Indian Budget today for 2022-23 with two major announcements around cryptocurrencies. The FM has proposed a taxation rate of 30% on any income aThe post Breaking | India: Transfer of digital assets to attract 30% tax appeared first on AMBCrypto. дальше »
2022-2-1 10:30 | |
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India Won’t Recognize BTC As Currency, Nor Does It Collect BTC Transaction Data
India continues its flirtation with Bitcoin and other cryptocurrencies. The Indian Parliament’s winter sessions started, and, as it turns out, BTC won’t be the star of the show. In fact, the lower house of the parliament asked the Finance Minister point blanc if there was a proposal to recognize Bitcoin as currency. дальше »
2021-12-1 12:04 | |
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India: Hope For Bitcoin Embrace Heightens As Finance Minister Sitharaman Says Upcoming Crypto Bill Has Been Totally Reworked
A day after Indian Finance Minister Nirmala Sitharaman informed parliament that the government is not planning to make bitcoin a legal tender, on Tuesday she revealed some more information about the eagerly-awaited crypto bill scheduled to be introduced in the ongoing winter session of parliament. дальше »
2021-12-1 23:25 | |
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Indian Finance Minister says No Plan to Recognize Bitcoin as a Currency, Meanwhile Indians Want Crypto Taxed but Not Legalized
India does not plan to recognize Bitcoin as a currency, said Finance Minister Nirmala Sitharaman on Monday, in response to a question in the Lok Sabha, as per the local report. When asked whether the government has a proposal to recognize the leading cryptocurrency as a currency in the country, Sitharaman gave a “No. дальше »
2021-11-29 21:18 | |
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No Proposal to Recognize Bitcoin as Currency, Says Indian Finance Minister
The Lok Sabha, the lower house of India's bicameral Parliament, will debate and deliberate the cryptocurrency bill before the upper house of Parliament reviews it, after which it will be sent to the president to be signed into law. дальше »
2021-11-30 21:11 | |
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India Has No Plans To Recognize Bitcoin As Legal Tender, Finance Minister Sitharaman Asserts
The crypto bill is one of the 26 bills on the Indian legislative agenda. Even so, the Finance Minister confirmed the proposal to make Bitcoin a legal tender isn’t part of it. Finance Minister Nirmala Sitharaman, in a written reply to the lower house of parliament, revealed there is no proposal to recognize Bitcoin as […] дальше »
2021-11-29 15:15 | |
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Indian Parliamentary Committee Meets With Crypto Industry, Open to Regulation
India’s Parliamentary Committee on Finance met with the country’s crypto industry experts and associations for the first time this week. The post Indian Parliamentary Committee Meets With Crypto Industry, Open to Regulation appeared first on BeInCrypto. дальше »
2021-11-17 22:40 | |
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“Can’t Ban Crypto” — Indian Parliamentary Panel Finally Moves To Regulate Bitcoin
The Indian Parliamentary Standing Committee on Finance held its first-ever meeting on cryptocurrency and resolved that cryptocurrencies need not be banned in the country but regulated. However, they did not come clear on which authority should be mandated to regulate digital currencies. дальше »
2021-11-16 18:42 | |
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India’s 13-Year-Old Coder Raises $300,000 for New DeFi Project
Indian teenager Gajesh Naik made headlines earlier this year when he built Gaj Finance, a multichain decentralized finance (DeFi) protocol, which currently manages some $1. 2 million in crypto of user funds. дальше »
2021-10-20 16:20 | |
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‘India Needs To Think It Through’: Indian Finance Minister On Cryptocurrencies
In an interview published on September 21, Indian Finance Minister Nirmala Sitharaman has spoken about the country’s stance on cryptocurrency, which is practically out of the purview of any existing law. дальше »
2021-9-23 23:16 | |
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India Still In Denial Mode Regarding Cryptocurrencies
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. дальше »
2021-7-30 18:19 | |
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Indian crypto investors may not be charged this tax
India may not be charging a 2% equalization levy on crypto investors. Finance Minister of India, Nirmala Sitharaman was responding to a query by the deputy chief minister of the eastern state of BiharThe post Indian crypto investors may not be charged this tax appeared first on AMBCrypto. дальше »
2021-7-28 15:30 | |
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India May Discuss Crypto Bill In Coming Parliament Session
India is finally getting closer to having its first set of rules and regulations for the crypto industry. In an interview with a media outlet last week, Indian Finance Minister Nirmala Sitharaman has said that her ministry is ready with a proposal and it would be placed before the Cabinet for discussion. “We have done […] дальше »
2021-7-10 18:07 | |
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India may see the crypto bill discussion in Monsoon session of Parliament
Indian crypto businesses may find some relief in the news that the cabinet note for the crypto bill is 'ready'. This information was disclosed by the Finance Minister, Nirmala Sitharaman during an intThe post India may see the crypto bill discussion in Monsoon session of Parliament appeared first on AMBCrypto. дальше »
2021-7-6 06:00 | |
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Indian Govt. Backpedddling Bitcoin Ban? New Panel Planned to Study Crypto Regulations
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. дальше »
2021-5-19 15:51 | |
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Former Indian Finance Secretary Calls for Crypto Regulations
India as a country has a complicated relationship with the cryptocurrency industry. At a point in time, there was a ban put in place that essentially meant that crypto-related businesses could not operate and have access to banking services. дальше »
2021-5-11 21:00 | |
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Former Finance Secretary Urges Indian Government to Encourage Crypto Services, Regulate Cryptocurrencies
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. дальше »
2021-5-10 11:30 | |
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Despite no laws, Indian minister says traders must pay taxes on Bitcoin
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. дальше »
2021-3-31 22:00 | |
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Cryptocurrency Exchanges Resist Cryptocurrency Restrictions in India
Several Indian crypto exchanges will send a proposal to regulate the cryptocurrency industry to the Indian authorities – specifically to Finance Minister Nirmala Sitharaman and to the central bank (RBI). дальше »
2021-3-29 22:00 | |
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India's central bank claims govt. shares its 'major concerns' about cryptos
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. дальше »
2021-3-25 17:15 | |
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New Details About India Banning Cryptocurrency Emerge — Crypto Community Sees Mixed Messages
New details have emerged suggesting that the Indian government will go ahead with banning cryptocurrency, in contrast to what the crypto community believes. In her latest interview regarding cryptocurrency legislation, India’s finance minister said that there will be a window for experimentation for cryptocurrency, blockchain, and fintech. дальше »
2021-3-16 13:30 | |
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Indian Crypto Industry Bullish on Finance Minister Ensuring a ‘Very Calibrated’ Approach to Regulation
“We are not closing our minds,” Nirmala Sitharaman said, "The world is moving fast on technology; we can't pretend that we don't want it.” The post Indian Crypto Industry Bullish on Finance Minister Ensuring a ‘Very Calibrated’ Approach to Regulation first appeared on BitcoinExchangeGuide. дальше »
2021-3-9 18:47 | |
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We Must Encourage New Ideas Says India’s Finance Minister on Bitcoin
Anurag Thakur (pictured), India’s Minister of State for Finance and Corporate Affairs, seems to suggest the Indian government is backtracking on a speculated ban of bitcoin. Speaking at the Punjab... дальше »
2021-3-9 16:51 | |
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Indian Government Open to Exploring Cryptocurrencies — Finance Minister Offers New Clues About Crypto Regulation
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. дальше »
2021-3-9 15:30 | |
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India to take a "calibrated" approach regarding crypto acc. to FM
The Indian cryptocurrency users seem to have found hope at the end of the tunnel when Finance minister Nirmala Sitharaman spoke about taking a "calibrated" approach with regards to crypto trading in tThe post India to take a "calibrated" approach regarding crypto acc. to FM appeared first on AMBCrypto. дальше »
2021-3-7 15:30 | |
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Indian Official Provides Updates on Crypto Bill and Transition Period for Crypto Holders: Report
As the Indian government gets closer to moving forward with the cryptocurrency bill, an official from the Ministry of Finance reportedly explained what discussions the government has been having regarding the crypto bill and the impending legislation. дальше »
2021-2-15 09:35 | |
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Indian Government to Discuss Bill Proposing Private Cryptocurrency Ban
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. дальше »
2021-2-10 15:30 | |
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Indian Finance Minister Answers Questions on Cryptocurrency Plans and Ban Proposal
India’s Finance Minister Nirmala Sitharaman has answered some questions regarding cryptocurrency in Rajya Sabha, the upper house of India’s parliament. The questions include measures the government plans to impose on the crypto industry. дальше »
2021-2-10 15:05 | |
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Indian Government Confirms Crypto Bill Is Being Finalized — Existing Laws Inadequate
The Indian government has spoken about the cryptocurrency bill again. This time, the minister of state for finance has clarified the status of the crypto bill that is expected to be introduced in parliament during the current session. дальше »
2021-2-9 13:05 | |
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Indian Government Clarifies Position on Cryptocurrency and Digital Rupee
The Indian government has clarified its position on cryptocurrency and the country’s digital currency in answers provided by the Ministry of Finance in Rajya Sabha, the upper house of India’s parliament. дальше »
2021-2-2 15:20 | |
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India Proposes Amnesty for Citizens Holding Unreported Gold
The Indian Ministry of Finance has reportedly proposed an amnesty program for citizens holding unreported gold. The government plans to ask people to declare all their gold stashes to tax authorities and pay levies. дальше »
2020-8-2 19:30 | |
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Former Finance Secretary Subhash Chandra Garg Proposes Regulating Crypto as Commodity in India
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. дальше »
2020-7-18 12:20 | |
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Indian Government Reconsiders Banning Cryptocurrency: Report
The Indian government is reportedly reconsidering a plan to ban cryptocurrency and the finance ministry has initiated related inter-ministerial consultations. The move is supposedly spurred by the supreme court quashing the banking ban imposed by the central bank, the Reserve Bank of India (RBI). дальше »
2020-6-12 13:45 | |
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India Plans Bitcoin Ban Even as Its Banking System Gradually Collapses
The Indian government is planning to introduce a law that would effectively ban Bitcoin. Local media reports that the Ministry of Finance has moved the proposal for inter-ministerial consultation. India’s decision to ban cryptocurrencies surface even as it faces one of its worst credit and banking crisis. дальше »
2020-6-12 10:27 | |
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Indian Government Reveals Inspection of Bitcoin Businesses, Informs Parliament of Results
The government of India has informed Lok Sabha, the lower house of parliament, about the Ministry of Corporate Affairs’ inspection of cryptocurrency businesses. Minister of State for Finance and Corporate Affairs Anurag Singh Thakur provided details of two companies in particular. дальше »
2020-3-18 08:47 | |
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Indian Government Updates Parliament on Crypto Plans
The Indian parliament has repeatedly asked the finance minister about the government’s plans for cryptocurrency. In July alone, the Ministry of Finance answered three sets of questions: two in Rajya Sabha, the upper house, and one in Lok Sabha, the lower house of the parliament. дальше »
2019-8-1 16:01 | |
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Optimism Dwindles as Indian Finance Minister Evasive on Crypto Ban Bill
The crypto industry in India is still in limbo this week while politicians acknowledge the proposed ban bill but remain evasive. The shift from regulation to blanket ban has sent shock waves through the nascent industry in the world’s second most populous country. дальше »
2019-7-31 16:00 | |
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Indian Finance Minister Addresses Crypto Proposal – Industry Responds
India’s finance minister has broken silence and talked about the crypto draft bill and report her department is examining which propose to ban cryptocurrencies. While she views the report as “very futuristic and well-thought-out,” the crypto industry sees it as flawed and incomplete. дальше »
2019-7-31 10:15 | |
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Indian Bureaucrat Who Favored Bitcoin Regulation Quits Finance Ministry
The bureaucrat who favored the creation of a bitcoin regulatory framework in India quitted the Ministry of Finance on Wednesday. IAS Subhash Chandra Garg, who served as the Economic Affairs Secretary and Finance Secretary of India, accepted transfer order to the Ministry of Power. дальше »
2019-7-25 16:49 | |
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A ban may not stop people from trading if market’s bullish, claims CEO of Indian cryptocurrency exchange
India’s crypto-community breathed a sigh of relief when India’s Minister of State for Finance, Anurag Singh Thakur, said that cryptocurrencies were not prohibited in India, in response to a question in India’s parliament. дальше »
2019-7-20 20:30 | |
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Bitcoin Isn't Banned in India, Confirms Minister; That’s Just Half the Picture
Bitcoin enthusiasts in India have a reason to rejoice – the country’s government hasn’t banned cryptocurrencies, yet. Responding to a question in the Indian Parliament about the status of cryptocurrencies such as bitcoin in India, minister of state for finance Anurag Thakur responded in the negative, according to a report by Inc42. дальше »
2019-7-22 14:47 | |
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Bitcoin Isn’t Banned in India, Confirms Minister; That’s Just Half the Picture
Bitcoin enthusiasts in India have a reason to rejoice – the country’s government hasn’t banned cryptocurrencies, yet. Responding to a question in the Indian Parliament about the status of cryptocurrencies such as bitcoin in India, minister of state for finance Anurag Thakur responded in the negative, according to a report by Inc42. дальше »
2019-7-21 14:47 | |
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