Lens
Regulation
All cryptocurrency ads in India will carry standard disclaimers to warn investors of risks associated with crypto beginning April 1, as per guidelines released by the Advertising Standards Council of India (ASCI) on Wednesday. See related article: Indian court seeks standardized disclaimers on crypto ads Fast facts The disclaimer must read: “Crypto products and NFTs […]
Monika Ghosh
NFT Marketplaces
Jupiter Meta on Wednesday launched a fully curated non-fungible token marketplace in India focusing on music, film and gaming. See related article: WazirX launches India’s first NFT marketplace Fast facts The NFT marketplace is built on Jupiter Meta’s Rubix blockchain, which the company claims has zero gas fees and is sustainable. Jupiter Meta has also […]
Monika Ghosh
Bitcoin News
The RBI is casting a cloud of regulatory uncertainty over the local digital assets industry, but the nation’s Bitcoin premium shows India wants crypto.
Pradipta Mukherjee
Regulation
Although India hoped that taxation would be a step toward regulation rather than a ban, the high tax rates and proposed rules seem to be geared toward dissuading crypto trading.
Monika Ghosh
Crypto Trading and Strategies
Indian authorities arrested 11 individuals over the weekend, connected with a crypto scam case that allegedly used the allure of high gains to dupe 2,000 investors out of US$5.4 million (INR 400 million), local media reported. Fast facts Four of the accused were apprehended on Saturday after being on the run since March last year, […]
Monika Ghosh
Metaverse Events
Dating platform Mingout has introduced metaverse dating in India by organizing a virtual date for two of its users in a moon-based setting. See related article: Phillips to auction metahuman-made NFTs for Valentine’s Day Fast facts Metaverse or virtual dating is a nascent concept in India, and Mingout hopes to create a dating revolution and […]
Pradipta Mukherjee
NFT Marketplaces
Indian media staple Viacom18’s Youth, Music and English Entertainment Cluster (YME) released 3,000 Fully Faltoo non-fungible tokens (NFTs) that sold out within 48 hours since launching, the company said in a press release on Wednesday. See related article: WazirX launches India’s first NFT marketplace Fast facts Fully Faltoo is a local award-winning sitcom program that […]
Pradipta Mukherjee
Regulation
India’s crypto tax plan was expected to bolster adoption, but the central bank’s hold on the banking sector puts a check on crypto-related services.
Pradipta Mukherjee
Regulation
State Bank of Pakistan (SBP) governor Reza Baqir said in this year’s MASIC Annual Investment Forum that cryptocurrency risks far outweigh their benefits and threaten financial and monetary stability for developing countries. Fast facts The SBP recommended a ban on cryptocurrencies last month, with one of the nation’s largest banks quickly heeding the advice by […]
Pradipta Mukherjee
Regulation
T Rabi Shankar, the deputy governor of the Reserve Bank of India, the country’s central bank, proposed an outright ban on cryptocurrencies on Monday, assuring the central bank’s position to prohibit digital assets has not changed since the 30% tax on crypto income was announced. Fast facts Shankar said he found no merit in the […]
Monika Ghosh
