India Springs Election Surprise, Sends Equity Market Crashing With Uncertain Implications for Crypto

India's voters have sprung an election surprise, even though Prime Minister Narendra Modi's party and its allies are poised to return to power, a result that could see the government kick the crypto policy can down the road" in terms of its priorities.

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2024 election showdown: will votes decide crypto’s fate?

How do the election outcomes in India and the U.S. affect global crypto policies, with India’s crypto adoption growing and the U.S. maintaining its dominance? The ongoing elections in India and upcoming elections in the U.S. could have profound implications…

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India’s Crypto Industry Finally Sees Lawmakers Engaging

On Saturday, India’s crypto industry pulled off a near coup by bringing senior leaders from India’s ruling party and the opposition benches to an event to engage in serious discussions.

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India Reveals IMF Is Working With G-20 for Crypto Regulations

India has officially revealed details of the ongoing work in the G-20 around how to regulate crypto.

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IT Minister Greenlights Lawful Crypto Trading in India Amid G20 Presidency

There are no problems with crypto trades in India if all regulations are followed, per a recent statement by the country's IT Minister Rajeev Chandrasekhar. The post IT Minister Greenlights Lawful Crypto Trading in India Amid G20 Presidency appeared first on BeInCrypto.

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India’s Draconian Take On Crypto, Is It Aiming For A Blanket Ban?

The Central Bank of India has been displaying strong hostility towards crypto for a long time now. Ever since cryptocurrency has gained popularity in a nation that inhabits 17. 7% of the world’s population, the Reserve Bank of India (RBI) has been eyeing ways to regulate the sector.

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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.

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India's Ad Body Hasn't Discussed Measure to Bar Celebrity Endorsement of Crypto

India's market regulator, the Securities and Exchange Board of India, has suggested that no celebrities should endorse crypto products.

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India: Probe into crypto exchanges reveals over $10.7 million in tax irregularities

11 crypto exchanges were probed under investigation in India for alleged evasion of goods and services tax (GST). The quantum of evasion is valued close to INR 81 crore (~$10. 7 million) as per The TimThe post India: Probe into crypto exchanges reveals over $10.

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Amid call for crypto regulation, hacker uses India’s PM Twitter account to promote fake BTC giveaway

At a time when authorities in India are still grappling with how to deal with the growing influence of the crypto industry, it would be unimaginable to think that the country’s Prime minister could be promoting Bitcoin.

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India may disallow Indians from trading crypto on foreign exchanges

A recent cabinet note shared by the government of India states the new crypto bill will be regulated by the Securities and Exchange Board of India (SEBI). The post India may disallow Indians from trading crypto on foreign exchanges appeared first on CryptoSlate.

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Securities regulator SEBI to oversee India's crypto market, report reveals

Looks like the Securities and Exchange Board of India (SEBI) will oversee the country's crypto market, as per reports. There will be no ban on investors having exposure to private cryptos in India, a The post Securities regulator SEBI to oversee India's crypto market, report reveals appeared first on AMBCrypto.

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Industry leaders upbeat about crypto in India, want to stay ahead in the game

The FUD around the ban on cryptocurrencies in India has created an uncertain environment for crypto exchanges. Ecosystem players working in spaces like non-fungible tokens and blockchain are also in aThe post Industry leaders upbeat about crypto in India, want to stay ahead in the game appeared first on AMBCrypto.

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India Tops 100 Million Bitcoiners?

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Crypto exchange CrossTower opens trading platform in India

Cross Tower India will offer up to 40 different cryptocurrencies, with the first 1,000… The post Crypto exchange CrossTower opens trading platform in India appeared first on Coin Journal.

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Crypto Adoption Rates Spike in India and Vietnam

According to a Chainalysis report, crypto adoption from individual investors sees the fastest growth in India and Vietnam. The post Crypto Adoption Rates Spike in India and Vietnam appeared first on BeInCrypto.

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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 […]

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Slow, but not steady: India’s stance on Bitcoin and crypto is evolving

India’s regulatory stance on crypto has been shaky at best and prejudiced at worst, but what is India actually doing about crypto?

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India's CBDC plan: Here's the how, when and why

India has had an interesting few months on the crypto front. Look at WazirX's journey - the largest Indian crypto exchange went live just three weeks before the Reserve Bank of India issued its ban onThe post India's CBDC plan: Here's the how, when and why appeared first on AMBCrypto.

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India: RBI Instructs Banks to Provide Uninterrupted Crypto Trading Services to Customers

India’s central bank clears ambiguity over crypto regulations in the country. Banks Can’t Advise Against Trading in Crypto In a tweet posted today, the Reserve Bank of India (RBI) cleared clouds of confusion regarding the regulatory nature of cryptocurrencies in India.

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Crypto Regulation In India: A Deep Dive

In 2021, new cryptocurrency disclosure rules were enacted in India. Any business dealing in cryptocurrencies must now report their entire crypto assets to the government as a component of the financial reports, starting today.

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India's government orders companies to disclose crypto holdings

Recent amendments to India’s Companies Act will see firms in the country include their crypto involvement in all public financial reporting.

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Internet and Mobile Association of India appeals to the government not to ban Crypto

India has a very interesting and complicated relationship with the cryptocurrency industry. In the past, crypto businesses were prevented from receiving banking services by the Reserve Bank of India.

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Crypto bank opens physical location in India's capital as potential regulatory ban looms

Unicas is planning to open 50 banks in India by the end of the year, but a proposed bill banning crypto could complicate matters.

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From a ban to CBDC: RBI considers its own crypto

The Reserve Bank of India (RBI) has gone quite a long way when it comes to cryptocurrency in the past twelve months. Originally, it banned local banks in India from providing services to crypto businesses, only to have its decision revoked by India’s Supreme Court.

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India: Here's what's stopping investors from jumping into crypto

For many, India is a country with a lot of untapped potential, a country that can truly launch the crypto-space to the stratosphere. However, many hurdles stand in the way of these dreams becoming a rThe post India: Here's what's stopping investors from jumping into crypto appeared first on AMBCrypto.

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Ripple CEO Brad Garlinghouse Disappointed with Proposed India Crypto Trading Ban

Coinspeaker Ripple CEO Brad Garlinghouse Disappointed with Proposed India Crypto Trading BanAccording to Garlinghouse, with its crypto ban, India is likely to miss out on a technology that can serve its huge population with much ease and fairness.

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Ripple CEO criticizes India's looming crypto ban

‘Disappointing to see India flip-flop on crypto,’ Garlinghouse stated.

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OKEx Joins Coinpaprika to Release India Crypto Market Research Report

Cryptocurrencies are truly global in nature, and anyone anywhere with an internet connection and a wallet can make transactions without any external intervention. The second most populous country, India is one of the fastest-growing crypto markets with a huge potential waiting to be tapped.

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Study: Bitcoin’s Use in Remittances, FX Boosts Crypto Adoption in India

India is one of the fastest-growing cryptocurrency markets in the world, according to a recent report by Coinpaprika and OKEx. The trend will likely continue as the government has recently made a u-turn by endorsing crypto operations.

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Why the world’s biggest crypto exchanges are making a big bet on India

Four months after the high-profile acquisition of Indian crypto exchange WazirX by Binance, BitMEX invested in a $3 million funding round for another local cryptocurrency exchange in India called CoinDCX.

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The Dangerous Truth About India’s Cryptocurrency Verdict

An only-partial court victory and the possibility of legislation banning crypto mean the industry’s legal status in India remains vulnerable.

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Indian Police Can’t Move Seized Crypto Due to India’s Anti-Crypto Law

The police of Pune, India, can’t transfer $1.2 million in seized crypto due to India’s anti-cryptocurrency laws

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Crypto regulation can create over 20,000 direct jobs and billions in revenue in India

Indian economy is going through a rough phase and the unemployment rate is at 45-year high while its yearly growth rate is taking a back seat. From being one of the fastest-growing economies in the world to the present situation where economists are concerned if immediate measures are not put in place, India might see […] The post Crypto regulation can create over 20,000 direct jobs and billions in revenue in India appeared first on AMBCrypto.

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Journey of India’s crypto ban: 3 meetings. 2 years. 1 flawed draft bill

“You will be out of work soon,” told my perturbed mother on call. I was taken aback for a second as I asked her, “What? What are you saying?” It was July 22, 2019, and the Internet was flooded with the news of “India bans crypto” or “India needs regulations, not ban” and I realized […] The post Journey of India’s crypto ban: 3 meetings.

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Crypto in India endangered? Extended section of ‘draft bill’ circulated on social media

The idea of virtual assets and blockchain has prospered in the West but on the other side of the world, not so much. India has been one of the major countries in Asia that has dented the progression of the crypto industry with regulations.

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Economic Times Implores On Indian Authorities To Embrace Cryptocurrencies, Not Block Bitcoin

Although there are plans to release a digital rupee, there is reportedly a plan to ban cryptos altogether in India. For several years, India’s politicians and elites have been the impediments to a thriving crypto industry in the country.

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Skepticism as News of Secretive India Crypto Bill Breaks

The Reserve Bank of India returned a request for information about a proposed crypto ban, which is allegedly making the rounds at the highest level of government

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India’s Crypto Ban: Breaking Down the FUD

A recent article by Bloomberg Quint reveals pictures of a supposed draft for a bill to ban cryptocurrency in India and offer a 1-10 year jail term for mining, holding, or using crypto. The India crypto community outraged at this speculation as it was published without citing a legitimate source, June 7, 2019.

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Supreme Court Advocate Suggests How to Regulate Crypto in India

An Indian supreme court advocate has shared some thoughts on the kind of cryptocurrency regulation India can benefit from. The right regulatory framework “would ensure transparency, oversight and accountability,” but a “one size fits all” regulation would be a mistake, she explains.

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Will RBI’s Crypto Ban Stand? Supreme Court of India Orders for Clear Crypto Regulations

Bitcoin prices may be down but there is some wonderful development in India. Like China, cryptocurrency trading is illegal in the country thanks in part to the heavy handedness of the Reserve Bank of India.

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India in No Hurry to Regulate Cryptos, Blames Global Regulatory Uncertainty

India hasn’t been the friendliest jurisdiction to cryptocurrencies. The crypto industry in the country has been involved in an endless row with the country’s Reserve Bank, and the RBI has thus far had the upper hand.

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Why India Says Yes to Blockchain, Yet Still Undecided About Crypto [INTERVIEW]

As countries around the world find their feet in the cryptocurrency market, governments have jumped on board in attempts to regulate the use of digital assets. Places such as Malta, Gibraltar, and Singapore have taken an open-arms approach to new crypto ventures and companies, coupled with a strict regulatory framework to help prevent fraud.

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[INTERVIEW] Why India Says Yes to Blockchain, Yet Still Undecided About Crypto

As countries around the world find their feet in the cryptocurrency market, governments have jumped on board in attempts to regulate the use of digital assets. Places such as Malta, Gibraltar, and Singapore have taken an open-arms approach to new crypto ventures and companies, coupled with a strict regulatory framework to help prevent fraud.

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Scammers Flee After Selling fake Crypto Tokens Amounting $300,000+ to Investors In India

Six Persons Accused of Cryptocurrency Scam in India An employee of Brio Hydrophonics, an Ahmedabad-based company, was arrested on Friday in connection with an alleged crypto scam in Gujurat India.

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Lack of Regulation Leads Crypto Exchanges to Shut Down in India, Investors Frustrated

Blockchain technology continues to thrive in India. In contrast, the stance toward cryptocurrencies remains negative and unfriendly. So much so that major crypto exchanges like Zebpay were forced to shut down.

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They Might Be Anti Crypto, But The Blockchain Is Still Sought After In India

India is a nation now known for its anti-cryptocurrency stance, yet they are still fostering a very positive attitude towards blockchain technology. I must note that in India, the people are very much pro crypto, but the Indian central bank, The Reserve Bank of India are very much against crypto, making moves to essentially ban cryptocurrency in the country.

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Government of India to Recognize Crypto as a Payment Method, Experts Optimistic

Cryptocurrencies have found an unlikely ally in their quest to become legalized in India, following intense legal battles between companies, consumers, and the Reserve Bank of India. The recommendation to legalize crypto comes from the law commission of India, as they are a vital part of their case against a blanket ban on sports betting.

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John McAfee Fires Off at The Reserve Bank of India

The King of Crypto has returned to his infamous twitter page to express his outrage at the Supreme Court of India’s recent announcement to go ahead with the Reserve Bank of India’s (RBI) proposed crypto ban.

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