Tax authorities recover US$9M from India’s biggest crypto exchanges
Some of India’s largest crypto exchanges, including WazirX, blame ambiguity in the regulation of cryptocurrencies for missed tax payments.
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Crypto in Asia: 5 top fintech regulatory stories of 2021
Countries acted to encourage — or discourage — cryptocurrency and other blockchain-based assets, sending markets wildly up and down.
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Crypto-ban fears may be an overreaction in India
A former finance secretary says too much is yet unknown about the new crypto bill for investors to expect the worst.
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Coinstore defies regulatory tension to enter India
Singapore-based crypto exchange Coinstore has entered the Indian market despite the regulatory wrangle that points toward an impending ban on all private cryptocurrencies, the company announced today. Fast facts Coinstore has launched its website and mobile application for Indian users and plans to set up offices in Bangalore, Delhi, and Mumbai that will support its…
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India’s crypto market plummets as parliament schedules debate on bill to ban it
Bitcoin and Ethereum prices fell nearly 24% in India as investors sought to get ahead of a possible crypto prohibition.
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Indian banks continue to resist crypto a week before legislation hits Parliament
As the Indian government is due to introduce crypto legislation for discussion in the Parliament next week, Indian banks are cautioning customers against investing in crypto. Fast facts According to a report by the Economic Times, HDFC, Axis and ICICI banks have sent emails to customers warning them about the risks of investing in crypto…
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Indians may be allowed to trade, but not pay with, crypto
While fears of a complete ban on virtual currencies have been dispelled, Indian investors are still in the lurch about what may or may not be allowed.
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India’s 1st parliamentary meeting on crypto ends with consensus on regulation — and no ban
While the government has yet to figure out the details, a crypto regulatory regime is expected to be released before February.
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BitMEX CEO expects 5 to 10 countries to adopt Bitcoin by next year
While El Salvador carved out its place in history as the first country in the world to adopt Bitcoin as legal tender, there are others that may follow for an array of reasons.
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Neobank Revolut looks to build its own crypto exchange
London-headquartered fintech startup Revolut is looking to build its own crypto exchange, according to a new job posting. Fast facts The selected candidate will lead neobank Revolut’s “technical team to architect and build Revolut Crypto exchange,” the job posting says. The candidate will need experience in building order matching engines, like those used on crypto…