2023-3-16 16:22 |
India and the United Arab Emirates (UAE) will collaborate on central bank digital currencies (CBDCs) by jointly conducting at least one pilot. origin »
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Indian economy is expected to grow 5. 9 percent in FY24 and is set to contribute 15% to the global economy. With the Largest traders and investor community, India ranks top 10 in the Online trading volume in different Segments like Indian Stocks, US Stocks, Currencies, Virtual Assets, Commodities & Indices.
2023-2-27 14:12 | |
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Coinspeaker RBI Officials Go All Bearish on Crypto in New Call for Prohibition India has been indecisive about whether to ban crypto or not, but it comes off as one of the nations that levy up to 28% tax on proceeds from digital currencies and their underlying trading activities.
2022-12-21 15:54 | |
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2022-10-12 21:59 | |
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On October 7 2022, the Reserve Bank of India (RBI) released a concept note to create awareness of Central Bank Digital Currencies (CBDC) in general and to explain the risks and benefits of issuing a CBDC or digital Rupee for India.
2022-10-9 22:44 | |
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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 […]
2022-6-4 18:56 | |
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Twitter users 18 years and above can now send and receive “tips” in Bitcoin, Ethereum, and fiat currencies. Following an update to its tipping feature which was launched in 2021, Twitter has now added the second-biggest cryptocurrency by market cap into its tipping feature to enable users to send tips to creators on Twitter through […]
2022-2-18 14:59 | |
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Western states are embracing digital currencies with some even considering taking tax payments in Bitcoin and other cryptos. India wants to slap a 30% tax on all gains. For the rest of the US, tax is anywhere between 10 – 37% depending on how long you hold your cryptos. The latest report shows a growing […]
2022-2-8 22:21 | |
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The Indian government is readying to regulate crypto as assets instead of enforcing an outright ban on the industry. A report unveiled this news earlier today, citing a Cabinet note. By regulating cryptos as assets, India has declined to recognize coins like Bitcoin (BTC/USD) and Ethereum (ETH/USD) as currencies.
2021-12-5 18:28 | |
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Over the years, central banks have been dropping hints about making their own digital currencies. The updates have come not long after independent digital currencies like Bitcoin and Ethereum were tagged threats by the governments of these countries; some of which include China and India, and more recently, the U.
2021-7-19 21:08 | |
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Crypto investments in India have been gaining significant traction over the past year, blockchain data indicates. Despite the ambiguous regulatory situation in the country, more than 15 million Indians have bought or sold digital currencies.
2021-6-30 00:30 | |
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A report posits that Indians might be charged a 2% levy on crypto purchased from overseas exchanges. Charges Could Be Imposed on Indian Crypto Enthusiasts According to a report by The Economic Times published on June 22, digital currencies bought from crypto exchanges outside India could be subject to a 2% levy charge. Dubbed ‘equalizationRead More
2021-6-23 08:30 | |
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RBI Governor Shaktikanta Das told reporters at an online press conference that there is no change in RBI’s position on crypto trading in India. He said this after the monetary policy statement, adding that they have significant concerns around cryptocurrency, which they have conveyed to the government.
2021-6-5 23:00 | |
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HDFC Bank and SBI Card have warned cryptocurrency users in India against transacting in digital currencies. The post Indian Bank and Card Service Provider Warn Against Virtual Currency Transactions appeared first on BeInCrypto.
2021-5-30 16:40 | |
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Cryptocurrency regulations could finally be coming in India. India to Consider Regulating Cryptocurrencies According to a report by The Economic Times published today, the Indian government is considering forming a fresh panel to study the possibility of regulating digital currencies in India.
2021-5-19 13:16 | |
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According to a local media source, crypto trading in India is on the rise. This comes as the Indian government is mulling over a ban on private digital currencies, which they say is necessary to protect investors.
2021-5-6 03:00 | |
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India’s officials are currently discussing the possibility of providing an “exit window” that would allow crypto holders to get rid of their assets ahead of the potential ban on all “private” digital currencies, The Indian Express reported today.
2021-4-23 10:00 | |
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It’s been a season of legal ambiguity for the Indian cryptocurrency community, but the road ahead is looking less hazy as the latest development from the Indian Crypto trading scenes implies that the proposed Crypto-ban has done little to dissuade trading and investment interest in independent digital currencies like Bitcoin and Ethereum. Hence, a building […]
2021-4-6 15:41 | |
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Cryptocurrency exchange operators in India are attempting to dissuade the government from banning digital currencies.
2021-3-29 21:15 | |
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The Reserve Bank of India has described central bank digital currencies as a mixed bag in its report on currency and finance for 2020 to 2021.
2021-3-2 15:59 | |
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India continues to see-saw its stance toward cryptocurrencies. India Mulling Banning ‘Private’ Cryptocurrencies, Launching CBDC According to the Lok Sabha Bulletin published on January 29, the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, aims to stop the trading of digital currencies in India.
2021-1-30 18:00 | |
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Despite little progress on crypto regulations, India’s government might impose a Bitcoin tax law as part of efforts to boost national income. Crypto taxation is becoming more frequent among several countries around the world as virtual currencies continue to gain broad-based popularity.
2020-12-30 22:00 | |
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Raghuram Rajan, former governor of the Reserve Bank of India (RBI) and chief economist at the International Monetary Fund (IMF), sees value in bitcoin, cryptocurrencies, and Facebook-backed libra alongside central bank digital currencies.
2020-8-22 16:15 | |
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With more central banks around the world studying the issuance of their own digital currencies, Bitcoin and Libra could still find a purpose to be part of a future when money becomes purely digital. That’s according to Raghuram Rajan, former governor of the Reserve Bank of India.
2020-8-20 13:01 | |
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Similar to many other Asian countries, India has seen a rise in the use of digital currencies. But the reception from its government has not been the most favorable. However, there are new developments that are giving the Indian Cryptocurrency ecosystem good reasons to believe that most of the restrictions against the use of digital […]
2020-7-24 16:26 | |
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Since July 2018, domestic commercial banks in India were prohibited by the Reserve Bank of India (RBI) from servicing cryptocurrency exchanges and all other businesses dealing with virtual currencies due to a circular that the Central Bank had released.
2020-6-12 13:37 | |
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India continues to oscillate over its stance toward cryptocurrencies as according to a report by The Economic Times, the country is now considering introducing a federal law to put a lasting ban on digital currencies.
2020-6-12 08:35 | |
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The Reserve Bank of Zimbabwe (RBZ) is interested in regulating digital currencies and has already started drafting a policy framework. This move came weeks after India curbed the ban imposed by the reserve bank of India on banks and financial institutions preventing them from dealing with individuals and businesses dealing with cryptos. Bitcoin has also […]
2020-3-17 22:49 | |
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India’s financial sector has been experiencing a fair amount of trouble lately, as the private bank, Yes Bank, suffers from $2.5 billion in unpaid loans. The country’s officials have introduced measures to curtail negative effects on the market stemming from local and global incidents, but a better solution would be to introduce digital assets, for […] The post Yes Bank Disaster Underscores India’s Need for Digital Currencies appeared first on BeInCrypto.
2020-3-16 16:10 | |
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India's supreme court lifted the two-year cryptocurrency ban last week, quashing an April 2018 order by the country's central bank that prohibited financial institutions from providing services "in relation to virtual currencies."
2020-3-10 20:00 | |
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India’s Supreme Court overturns a crypto banking ban while Facebook prepares fiat-pegged digital currencies alongside Libra.
2020-3-5 23:00 | |
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India’s Supreme Court today backed down on a directive that effectively banned virtual currencies in the country. In place since 2018, citizens of the world’s third-largest economy had been forbidden...The post Indian Supreme Court Lifts Ban on Bitcoin Trading appeared first on Crypto Briefing.
2020-3-4 09:53 | |
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In a landmark ruling, India’s apex court – the Supreme Court of India – on March 4, 2020, ruled against the Reserve Bank of India’s (RBI) April 2018 diktat that prohibited banks from trading in virtual currencies such as Bitcoin (BTC).
2020-3-4 09:00 | |
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With cryptocurrencies emerging as the buzzword across the globe, many countries today are in the process of introducing and launching their own Central Bank Digital Currencies (CBDCs). During a recentThe post India should consider launching its own CBDC: WazirX's Nischal Shetty appeared first on AMBCrypto.
2020-2-4 09:30 | |
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Bank of Lithuania may be the next entity to look into Central Bank Digital Currencies (CBDCs), after multiple banks worldwide have expressed interest. All Aboard the Central Bank Digital Currency Bandwagon Following preliminary interest from central banks in China, as well as India, Cambodia, and to an extent the European Central Bank, the Bank of Lithuania has given attention to digital assets issued and backed centrally.
2020-1-31 16:00 | |
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In this roundup, we cover an exceptionally busy week for crypto regulations around the globe. We start our coverage with the U.S. Virtual Currency Tax Fairness Act of 2020, actions by the SEC, Ripple’s lawsuit, India’s supreme court hearings, Australia green-lighting a bitcoin retail fund, Thailand approving a new crypto exchange, and new crypto guidelines […] The post Regulatory Roundup: New US Crypto Tax Bill, Central Banks Join Forces on Digital Currencies appeared first on Bitcoin News.
2020-1-23 07:55 | |
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The Reserve Bank of India (RBI) says citizens do not need cryptos as the country’s mainstream financial framework already has working solutions for cross-border remittances. The Indian central bank also clarified the legal situation of cryptocurrencies in the country, stating that there is no ban on virtual currencies.
2020-1-23 20:00 | |
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The Reserve Bank of India has said that it hadn’t banned the trading of digital currencies but only ringfenced regulated entities like banks and financial institutions from risks associated with trading such cryptocurrencies.
2020-1-21 17:54 | |
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After a stressful Supreme Court hearing, India conceded that bitcoin and crypto assets are not illegal. The Reserve Bank of India, the country’s central bank, also stated it did not place restrictions on Bitcoin (BTC) or other virtual currencies.
2020-1-21 12:32 | |
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Indian judges presiding over the RBI v. Crypto case have repeatedly showcased their willingness to learn about digital currencies and blockchain-based tech
2020-1-19 08:46 | |
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India's Central Bank, the Reserve Bank of India (RBI) governor has ruled out the private digital currencies like Libra, asserting government's right over this function. Saktikante Das told reporters on Tuesday: “The world over, central banks and the governments are against private digital currency because currency issuance is a sovereign function and it has to […]
2019-12-6 18:28 | |
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The governor of the Reserve Bank of India (RBI), Shaktikanta Das, spoke about cryptocurrency during a press conference on Thursday. He also talked about the prospect of an RBI-issued digital currency, when the time will be right for issuing one, and his view on private digital currencies.
2019-12-6 16:30 | |
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Back in April 2018, India’s central bank instigated a massive crackdown on purchasing and trading cryptocurrency like Bitcoin. Bibhu Kanungo, who is the Deputy Governor for Reserve Bank of India, declared that all the firms regulated by the RBI should “stop having business relationships with entities dealing with virtual currencies forthwith and unwind the existing […]
2019-11-29 21:02 | |
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Earlier this week in Singapore, Changpeng Zhao, or CZ, CEO of Binance, spoke about a massive onboarding of fiat currencies across the world. With the acquisition of WazirX, Binance will be able to take advantage of the robust P2P matching engine that the exchange built out to battle the banking ban in India.
2019-11-21 12:00 | |
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India’s Special Investigation Team [SIT] has observed a growing network of criminal gangs using cryptocurrencies for illicit activities like laundering money and smuggling drugs, reported Firstpost.
2019-8-31 19:30 | |
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Central banks worldwide are examining the possibility of issuing a central bank digital currency (CBDC), with some already testing theirs for different uses. Countries that have advanced their digital currency projects include China, Singapore, Canada, the Bahamas, Thailand, Uruguay, and Sweden.
2019-8-15 09:53 | |
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As the Indian government considers banning bitcoin and cryptocurrency trading and holding, Nasscom, the country’s top software, and information technology body has spoken out against the proposal.
2019-7-31 00:15 | |
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India – that has proposed a total ban on crypto yesterday – had planned to regulate digital currencies at first but the Reserve Bank of India (RBI) has forced the inter-ministerial cryptocurrency committee to prohibit the digital assets.
2019-7-27 13:13 | |
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The Inter-Ministerial Committee (IMC) set up to look into bitcoin and cryptocurrency regulations in India says the government should ban virtual currencies. India May Soon Finalize Total Bitcoin Ban In a report submitted on Monday (July 22, 2019) the IMC recommended that the government institutes a total bitcoin ban.
2019-7-23 17:09 | |
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Bitcoin would be your best shot, if you want to hold sound money, noted the CEO of India’s Bitbns exchange, Gaurav Dahake. In an interview with CoinCrunch India, Dahake spoke about the importance Bitcoin holds in the world.
2019-7-21 00:30 | |
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Join the Bitcoin Policy Institute and the Cornell Brooks Tech Policy Institute for a panel discussion on the fascinating insights of Daniel Flatley, Sarah Kreps, Chris Meserole, and Matthew Pines on the intersection of strategic competition and digital currencies.
After a sudden surge towards the end of last week and early Monday morning…
The post Squid Game token crashes after Twitter flags its account appeared first on Coin Journal.
A recent survey from Deloitte that collated data from 1,280 senior finance executives in 10 locations across the world produced interesting results regarding the blockchain industry. This survey is Deloitte’s fourth annual Global Blockchain Survey, which focuses on the financial services industry (FSI).
Digital currencies are quickly gaining traction in the world; but Bitcoin is poised to maintain superior incentives.
The G7 will begin its Feb. 12 meeting on the subject of central bank digital currencies, before moving to digital taxation and accelerating global debt.
