Pakistan’s State Bank governor warns crypto’s risks, also in India, banks show crypto reluctancy.
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.
Exchanges say the crypto tax was announced without key directives. While exchanges await clarity, they struggle to figure out their role in the tax system.
Reserve Bank of India’s chief sends crypto warning. In addition, Korean crypto execs gets jailed
The announcement of a crypto tax dispelled fears of a ban but left exchanges wondering whether they may be hurt in the long run.
A 30% tax doesn’t legalize cryptocurrencies but exchanges no longer worry about a ban, while investors would pay taxes at twice the rate of other asset gains.
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With new products and services being launched and international exchanges setting up camp, crypto startups thrive despite the shadow of a crypto ban.
Some of India’s largest crypto exchanges, including WazirX, blame ambiguity in the regulation of cryptocurrencies for missed tax payments.
Countries acted to encourage — or discourage — cryptocurrency and other blockchain-based assets, sending markets wildly up and down.
Despite the looming parliamentary debate over banning private digital currency in India, the founder of Mumbai-based crypto exchange WazirX predicts thousands of new crypto startups.
Delay likely for India’s crypto bill, none the less 2021 becomes crypto’s landmark year.
India’s proposed rules for digital assets would ban cryptocurrency for payments while the Securities and Exchange Board regulates exchanges. Will it become law?
Polygon envisions a world where value can be exchanged without borders. In this Forkast.News explainer, find out how Polygon works and why its MATIC token is defying crypto market gravity — again.
Tough measures in India’s crypto bill meanwhile, NFTs are becoming a hot Christmas gift
A cabinet note suggests the government intends to regulate cryptocurrencies as assets with the Securities and Exchange Board of India at the helm.
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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Bitcoin and Ethereum prices fell nearly 24% in India as investors sought to get ahead of a possible crypto prohibition.
India proposes crypto ban meanwhile Metaverse race heats up
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.
While the government has yet to figure out the details, a crypto regulatory regime is expected to be released before February.
Recent developments indicate the government is looking to regulate the sector instead of quashing it, and industry experts remain optimistic.
Coinswitch Kuber becomes unicorn meanwhile Australians reminded over crypto tax
India’s crypto industry will grow over 200% to reach $241M by 2030, a new study says.
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.
As major banks distance themselves from crypto business, alternative trading methods like peer-to-peer transfers are gaining popularity among investors
Upbit passes Korea crypto race post meanwhile P2P transactions surge in India
Most banks distance themselves from virtual asset platforms as the country’s central bank lobbies for a ban.
CrossTower became the second international crypto exchange to enter the Indian market last week after Binance made its entry by acquiring WazirX in 2019.
The platform reports more users than WazirX and CoinDCX, and aims to make crypto trading as easy as ordering food online.
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.
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.
India crypto exchanges allow bank deposits while FTT token on a roll