India Keeps Controversial Crypto Tax Rules Unchanged, Finance Minister's Budget Speech

The primary demand from India's crypto industry was to reduce the controversial tax-deducted-at-source (TDS) policy on crypto transactions from 1% to 0.01%

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India’s securities watchdog calls for crypto regulation; Turkey moves toward licensing model

Turkey and India advanced crypto policies on May 16 that could create a framework for businesses and investors operating in each country. Reuters reported that the Securities and Exchange Board of India (SEBI) wants multiple regulators to oversee crypto trading in the country.

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India’s crypto perception is moving from skepticism to acceptance, says Balaji Srihari of CoinSwitch

The recent approval of Bitcoin ETFs in the US has sparked a significant rally in the cryptocurrency markets worldwide. This development has been closely watched in India, where the crypto market has been experiencing a surge in interest and activity.

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How India’s Controversial Crypto Tax Policy Has Failed

Esya Centre suggests that India made a mistake by imposing heavy taxes on crypto transactions. The post How India’s Controversial Crypto Tax Policy Has Failed appeared first on BeInCrypto.

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Bank of India report calls for regulatory coordination on crypto market challenges

The RBI’s latest financial stability report accentuated the negative about cryptocurrency and reminds the world that India is looking for global action on crypto regulation.

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The State of Crypto Taxation in India: Past, Present and Future

Even though the legality of crypto in India is still a matter of debate, new crypto tax laws are already affecting businesses and individuals.

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Reserve Bank Of India Considering Outright Crypto Ban, Says Finance Minister

The Reserve Bank of India doesn’t appear as intrigued by the emerging crypto technology as other central banks. While the apex banks of countries like the U.K. and Australia are looking to define regulations that would foster the growth of crypto assets in their respective jurisdictions, the Reserve Bank of India is looking to ban […]

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India Shuts Down Blockchain and Crypto Assets Council Citing Compliance Issues

The Internet and Mobile Association of India (IAMAI) will dismantle the Blockchain and Crypto Assets Council (BACC) in what is being considered a massive blow to the only representative body for the domestic crypto industry.

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India's Central Bank Head Claims Crypto Has No Underlying Value

Governor of India's central bank feels vindicated following massive crypto crash

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Indian cryptocurrency exchanges are moving abroad: is India missing out on the crypto revolution?

The vulnerabilities in India’s digital currency strategy might be advantageous for nations seeking to expand their crypto networks. Several Indian cryptocurrency exchanges now want to relocate from India to the United Arab Emirates, signalling that the UAE could be on the verge of becoming the world’s new crypto powerhouse.

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India Has New KYC Requirements For Crypto Businesses

Crypto regulations are all the rage in 2022, and while India is yet to roll out its regulations for the nascent market, it has applied new rules to the market in recent times. In its latest directives, the government now requires crypto service providers to store customer data for five years. Details Of The Latest […]

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India sees spike in crypto exchange sign-ups, but could it be premature

It's been a time of celebration for India since the annual Budget announcement brought some clarity to the status of crypto in the country. This came after months of bated breath and fears of a blankThe post India sees spike in crypto exchange sign-ups, but could it be premature appeared first on AMBCrypto.

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India: Calls for crypto regulations intensify ahead of Budget Session 2022

India's digital payment system and financial services company, Paytm, had previously stated that it might dive into crypto once the regulatory environment becomes favorable. Now, with the Indian BudgThe post India: Calls for crypto regulations intensify ahead of Budget Session 2022 appeared first on AMBCrypto.

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New Bill Leaves Market Puzzled: Will Crypto Ever Be Safe In India?

India continues to be indecisive on cryptocurrency regulation.   Recent reports reveal that the country is considering providing crypto regulation rather than banning crypto.   The proposed regulations still leave much to be desired.

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KuCoin report shows Bitcoin is India's favorite crypto, but a surprising hit is...

India's crypto market is on the edge of a regulatory brink right now. Undoubtedly, investors' sentiments are in flux. On 1 December, crypto exchange KuCoin published a report taking a look at the cThe post KuCoin report shows Bitcoin is India's favorite crypto, but a surprising hit is... appeared first on AMBCrypto.

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Crypto bill alleging banning private crypto was a “mistake,” ex-Indian minister says

In an interview held with News18, Subhash Garg, the former finance secretary of India, said that the news regarding India imposing a blanket ban on private crypto might be misleading considering the bill which has not yet been discussed in the parliament or has received any governmental input.

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Report recommends regulating not banning 'flourishing' crypto industry in India

India is the second biggest crypto market in terms of global adoption, with an estimated investment of INR 6.6 billion in the asset class. Unsurprisingly, reports of a likely private crypto ban causedThe post Report recommends regulating not banning 'flourishing' crypto industry in India appeared first on AMBCrypto.

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India makes new steps as it moves towards this winter’s crypto ban

After China banned pretty much everything crypto-related earlier this year, India started moving in the same direction. Now, its government is preparing for new crypto crackdowns as the lond-pending bill that will ban cryptocurrencies in the country approaches.

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India might permit crypto as assets, zero out the currency factor

India's crypto scene has been catching momentum, of late. This has followed after the government offered some clarity on its stance. The crucial meeting on 15 November yielded a positive result for crThe post India might permit crypto as assets, zero out the currency factor appeared first on AMBCrypto.

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India unlikely to ban crypto as it is 'old school' according to this exec

H2: Time for India to take cognizance of China's CBDC development? Nischal Shetty, the founder of India-based crypto exchange WazirX, recently spoke about the country's crypto regulations in an intThe post India unlikely to ban crypto as it is 'old school' according to this exec appeared first on AMBCrypto.

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There are over 100 million crypto owners in India, report finds

Despite facing regulatory challenges and volatility issues in India, crypto trading continues to forge its way ahead in terms of being one of the most popular investment options for Indians. The post There are over 100 million crypto owners in India, report finds appeared first on CryptoSlate.

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CoinSwitch Kuber now India’s largest crypto unicorn valued at $1.9BN

India now has two crypto unicorns after CoinDCX reached the status following its series… The post CoinSwitch Kuber now India’s largest crypto unicorn valued at $1.9BN appeared first on Coin Journal.

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India: NASSCOM Report Predicts Multifold Rise in Crypto Adoption by 2030

The crypto industry in India is estimated to flourish massively in the coming years. NASSCOM Report on Crypto Adoption in India According to a recent report by the Indian non-profit association — The National Association of Software and Service Companies (NASSCOM), the cryptocurrency space in the country is expected to grow exponentially this decade. Specifically,Read More

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P2P transactions gain traction in India, despite SBI disabling UPI for crypto merchants

The crypto situation in India continued shift in different directions. Just recently, India's biggest lender disabled UPI payment services for crypto merchants. It was a major blow for Indian crypto eThe post P2P transactions gain traction in India, despite SBI disabling UPI for crypto merchants appeared first on AMBCrypto.

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Head of India's Central Bank Says Crypto Raises "Serious" Concerns

India's government is yet to make a definitive decision on crypto

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India Mints its First Crypto Unicorn

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Indian Government May Regulate Crypto as Asset Class: Report

India may be regulating crypto as an asset class under the purview of the Securities and Exchange Board of India (SEBI). In addition, a crypto bill is likely to be introduced during the Monsoon session of parliament, local media reported.

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Crypto exchange giants mulling India foray despite regulatory uncertainty

Kraken, Bitfinex and KuCoin could become the next major crypto exchanges to attempt to service India’s estimated 15 million crypto investors.

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Top 5 Crypto Exchanges in India, Ranked: In-Depth Analysis

Crypto adoption is taking place all around the world, and India is not far behind. Even though we have seen industry experts throwing shade at some of the vague regulations set by these cryptocurrency exchanges, some of the top companies continue to thrive with billions in trade volumes.

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India’s Minister of Finance Says Cryptocurrency Bill is Designed To Protect Investors

India's crypto tale might not end anytime soon. In the latest episode, the country's Minister of State Finance and Corporate Affairs has commented on the government's crypto position. Crypto Bill To Protect Investors India’s Minister of State Finance and Corporate Affairs Anurag Thakur spoke on the reasonable steps the government may take to regulate crypto […] The post India’s Minister of Finance Says Cryptocurrency Bill is Designed To Protect Investors first appeared on BitcoinExchangeGuide.

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India securities regulator to reportedly bar IPO promoters from holding crypto

The Securities and Exchange Board of India may force promoters of initial public offerings to ditch crypto.

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India's crypto ban: How alarmed should Indians Bitcoin traders be?

The Indian cryptocurrency scene is currently waiting on an imminent Crypto Bill, which may define the future of digital assets in the country. The situation is vastly different from 2019 as the currenThe post India's crypto ban: How alarmed should Indians Bitcoin traders be? appeared first on AMBCrypto.

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India to introduce an 18% Bitcoin trading tax

Less than a year ago, India’s Supreme Court decided to overrule the central bank’s decision to forbid all other banks in the country to serve crypto businesses. With this rule revoked, the country’s crypto industry began to flourish, which led the government to the idea of introducing crypto taxes.

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India: TCS announces new crypto services solution, Quartz

India has an active crypto community with numerous crypto businesses striving to develop the space and work with regulators to form adequate guidelines. After the Supreme Court quashed the Central banThe post India: TCS announces new crypto services solution, Quartz appeared first on AMBCrypto.

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India Eyes Introducing More Efficient Crypto Ban

India intends on implementing a law which would enable it to prohibit cryptocurrencies and crypto trading much more efficiently than the RBI circular did in 2018

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India's Crypto Industry Still Threatened by Ban as Pending Bill Looms

Despite the Supreme Court repealing the RBI crypto ban, India’s crypto industry still faces significant challenges

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OKEx Expands Into India’s Crypto Market via Partnership With Local Exchange

OKEx partnered with India’s largest cryptocurrency trading platform, CoinDCX, to launch a new crypto futures product in the country

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RBI Crypto Ban Hearing in India Postponed by the Supreme Court, Is This Good or Bad?

The Indian Supreme Court has postponed the hearing on Reserve Bank of India’s (RBI) case related to crypto businesses. Ever since the RBI implemented its ban on crypto dealings at banks in April 2018, crypto firms and exchanges in India have had a very tough time.

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Subhash Chandra Garg on the Future of Crypto

India’s former Finance Secretary Subhash Chandra Garg has shared his views on the future of cryptocurrency, both in India and worldwide. He headed the committee responsible for drafting the infamous bill to ban cryptocurrencies, which the crypto community calls flawed in many regards.

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India's Supreme Court Asks RBI To Justify Its Crypto Banking Ban

India Supreme Court Justice Rohinton Fali Nariman has ruled that the Reserve Bank of India has not responded appropriately to concerns from the country's crypto industry regarding the RBI's ban on banks providing services to crypto firms.

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India’s Proposed Crypto Ban Could Maroon Investors from Cashing $100 Million+

Besides preventing citizens and residents of India from participating in the crypto markets going forward, the proposed crypto ban by the Indian government could also negatively impact investors who have already put their money in digital assets.

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Bitcoin ‘FUD’: India’s Reserve Bank Denies Involvement in Crypto Ban

Bloomberg: India Looking to Jail Bitcoin, Crypto Users On Friday, Bitcoin and crypto enthusiasts woke up to a harrowing piece of news. Reported first by Bloomberg Quint, India purportedly has plans to jail those who.

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India’s Complex Relationship with Crypto

“Either they can join the bandwagon or they can be left aside and cryptocurrencies will survive, with or without the government,” India’s crypto community remain defiant in face of a potential ban

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India’s Crypto saga: Why Indians can’t buy cryptos

Cryptocurrencies are facing a tough time in India as there are rumors of a probable ban under the Prevention of Money Laundering Act [PMLA]. The strong crypto community in the country who owns and uses crypto are wary of this progress, and how it would impact them.

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India: Startup Mudrex Launches Crypto Bot Service for Investors

In a first in India, Bengaluru-based startup Mudrex has ventured into the business of providing bot-based crypto trading services investors, reports Economic Times, February 28, 2019. Automating Crypto Trading Although the Indian cryptocurrency ecosystem looks stunted due to uncertainty surrounding its legal status, businesses in the country have not shied away from entering the cryptospace.

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Two Major Banks in India, Digibank and Kotak, Close Customer Accounts for Bitcoin Associations

India’s crypto industry is having a hard time since 2018. You have probably heard all about it. Last year, the Reserve Bank of India (RBI) has banned all banks from offering accounts to crypto companies in which was known as the Indian Crypto Ban in the industry. However, things, which looked like they could be […]

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Crypto Exchange Unocoin Co-founder Arrested in India for Setting up Crypto ATM

The cryptocurrency market is not regulated in India, and the Indian government does not consider crypto as a legal tender or investment. The Reserve Bank of India banned all banking channels to crypto entities in April this year.

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India’s Crypto Exchange Unocoin to Launch Country’s First Crypto ATM, 30 in Total to be Installed

India’s Crypto Exchange Unocoin Set To Launch The Country’s First Crypto ATM Despite India’s eagerness to accept blockchain technologies, the Reserve Bank of India (RBI) passed norms to control banking relationships with local crypto exchanges in April.

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Reserve Bank of India Anticipates Shift to P2P Crypto Trading

India’s central bank has released its latest annual report which includes a section dedicated to cryptocurrency. The Reserve Bank of India outlines the risks posed by crypto and emphasizes the need to monitor crypto development in anticipation that some trading may shift from exchanges to peer-to-peer (P2P) mode.

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