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Regulation
The Indian government is working to determine whether cryptocurrencies can be classified as goods or services, which can impose a different taxation scheme on digital assets, local media reported. See related article: India’s crypto tax will incur losses for government, says WazirX CEO Fast facts Government officials believe crypto trading is similar to gambling and […]
Pradipta Mukherjee
Regulation
Indian finance minister Nirmala Sitharaman said on Tuesday the government will discuss its position on cryptocurrencies after completing an ongoing consultation process. See related article: India government, central bank in ‘complete harmony’ on crypto: FM Fast facts Sitharaman said many Indians see a future in cryptocurrencies and the government sees opportunities for revenue in the […]
Pradipta Mukherjee
Advanced Blockchain Technologies
Recruiters from the public and private sectors are on the hunt for top blockchain talent. Educational institutions are catching up with customized courses.
Pradipta Mukherjee
Regulation
The Supreme Court of India has sought clarification from the government on the legality of cryptocurrencies in the country in the wake of surging Bitcoin scams, local media reported. See related article: Indian crypto scam investigated Fast facts A bench comprising Justices D Y Chandrachud and Surya Kant asked additional solicitor general (ASG) Aishwarya Bhati […]
Pradipta Mukherjee
Regulation
Government indecision on crypto regulation prompted some businesses to move abroad. Investors and crypto professionals may follow if uncertainty prolongs.
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
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
Regulation
The Indian government and the Reserve Bank of India (RBI) are working in “complete harmony” and any decision on cryptocurrency will be made jointly, finance minister Nirmala Sitharaman said in a press conference on Monday. Fast facts Discussions on crypto have been ongoing between the government and the RBI — India’s central bank — even […]
Pradipta Mukherjee
