Ban or no ban, Indian crypto industry is thriving
India’s crypto industry will grow over 200% to reach $241M by 2030, a new study says.
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Investors get ready, India crypto tax in the works
The Indian ministry of finance has formed a panel to examine how income from crypto investments can be taxed, according to a report by Inc42. Fast facts The panel will evaluate whether crypto income can be taxed as capital gains or if it requires the formation of a new category. The committee is required to…
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India may not be ready to follow El Salvador’s lead, but don’t rule out cryptocurrency, finance minister says
Nirmala Sitharaman says ‘a futuristic thing can’t be shut out’ as the country considers crypto regulation, including a possible blanket ban.
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Banks blocking transactions? No problem. Indians find ways to continue trading crypto
As major banks distance themselves from crypto business, alternative trading methods like peer-to-peer transfers are gaining popularity among investors
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India’s largest public bank bars payments to crypto exchanges
Most banks distance themselves from virtual asset platforms as the country’s central bank lobbies for a ban.
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CrossTower says it wants to collaborate, not compete, with Indian exchanges
CrossTower became the second international crypto exchange to enter the Indian market last week after Binance made its entry by acquiring WazirX in 2019.
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CoinSwitch Kuber says it’s now the largest Indian exchange with over 10 million customers
The platform reports more users than WazirX and CoinDCX, and aims to make crypto trading as easy as ordering food online.
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The world of crypto opens up life-changing earning opportunities for Indian tweens and teens
Gajesh Naik and Laya Mathikshara, two Indian 13-year-olds, are getting global recognition — and making astronomical sums — through their ventures in crypto and NFTs.
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So, no ban? India’s crypto bill will treat virtual currencies as commodities in the asset class
The veil of uncertainty that has shrouded crypto regulatory discussions seems to be lifting, but how the government will regulate and tax digital money remains to be seen.
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Former India central bank chief says cryptocurrencies have a ‘potential future’
While India’s parliament considers a potential nationwide ban on all private virtual currencies, a former governor of India’s central bank says some cryptocurrencies have a “potential future” in the global economy. Raghuram Rajan, ex-governor of India’s central bank and former chief economist at the International Monetary Fund, made his comments at a Reuters Global Markets…