India
Odisha Police Dismantles India STA Crypto Scam, Exposing ₹1,000 Crore Fraud
In a significant breakthrough, the Odisha police have apprehended the masterminds behind a colossal cryptocurrency scam that defrauded victims of a staggering ₹1,000 crore across India, as reported by the...
India’s Central Bank Targets One Million Digital Rupee Users in June
In a press conference, the Deputy Governor of the Reserve Bank of India (RBI), T Rabi Shankar shared the RBI’s ambitious target of reaching one million users for its central...
Finance Minister of India Calls for Responsible Digital Currency Use
In a recent event in Bengaluru, India, the Finance Minister of India, Smt. Nirmala Sitharaman has declared that India is not against financial technology but emphasized that when it comes...
G20 Nations Unanimous on Urgency to Regulate Crypto: Indian Minister
The Indian Union Finance Minister Nirmala Sitharaman has called for immediate attention to issues related to crypto assets, stating that a globally coordinated policy response is necessary to regulate the...
Hindenburg’s Report Sends Jack Dorsey’s Block into a Tailspin
Hindenburg Research, which previously targeted India‘s Adani Group, has recently published its first report on Jack Dorsey’s Block Inc. This report has caused a significant drop of 14.8% in the...
Crypto Tax Payment Kicks Off in India for NRIs Amid Unclarity
The Indian government introduced a Financial Act that would charge a 30% flat rate on income from Virtual Digital Assets (VDAs) transfers in 2022. This new law will reflect in...
India’s Crypto Revenue Expected to Reach $3.33 Billion in 2023
According to a recent analysis, India’s cryptocurrency revenue is expected to reach $3.33 billion in 2023, with the adoption of crypto by almost 156 million users. Notably, as per the...
‘Namaste Web3’ Discusses India’s Potential in Leading Web3 Space
During the second event of Namaste Web3, an awareness program organized by the crypto investment application, CoinDCX, in collaboration with the Indian edition of Forbes magazine, Forbes India, the lawmakers...
Indian Finance Ministry: Crypto Trading Is Now Subject to AML Laws
The government of India has taken yet another step toward regulating digital assets by imposing money laundering rules on the crypto industry. In a notification on Tuesday, the Indian Finance...
Nirmala Sitharaman Comments on India’s Notion of Crypto at FMCBG
During India’s G20 Presidency, the meeting of Finance Ministers and Central Bank Governors (FMCBG), India’s Finance Minister Nirmala Sitharaman addressed the country’s position on crypto regulation. She said that India...
Private Crypto Ban is a Pivotal Need for India: Comments IMF Chief
Kristalina Georgieva, the International Monetary Fund (IMF) Managing Director said during the G20 meeting in Bengaluru, India, that there arose some disagreements over debt restricting for the troubled economies. She...
India’s Digital Rupee CBDC Pilot Expands to Over 50,000 Testers
According to local news outlet The Economic Times, India’s CBDC experiment has attracted 50,000 customers, and 5,000 merchants since the Reserve Bank of India (RBI) introduced the digital rupee test...
G20 Group Takes Up Crypto Regulation; Says Finance Minister
Nirmala Sitharaman, the Finance Minister of India, during a meeting with the Reserve Bank of India’s Central Board of Governors on Saturday, told that the G20 Group, the intergovernmental forum...
Finance Minister and IMF MD Talk about Global Crypto Regulation
During a virtual conversation with Kristalina Georgieva, held on February 9, the Managing Director of the International Monetary Fund (IMF), Finance Minister Nirmala Sitharaman, proposed to the multilateral funding agency...
India Needs More Time to Clarify Crypto GST Regulation
The Indian Central Board of Indirect Taxes and Customs (CBIC) is yet to conclude how to classify certain areas of crypto transactions. These are areas not mainly involved with the...
India States IMF is Working with G20 for Crypto Regulation plan
According to the latest reports, India revealed that the International Monetary Fund (IMF) is working with G20 on a framework that would define crypto regulations. On Thursday, Economic Affairs Secretary...
India Gets Huge CBDC Push With Retail Giant Reliance
In a huge push for the adoption of India’s retail CBDC, retail giant Reliance Retail announced earlier today that it would start accepting the digital Rupee-Retail (e₹-R) in its stores....
Indian Crypto Community Hopes for Tweaks in Crypto Regulations in 2023
The crypto community in India has been anxiously awaiting the Union Budget 2023-24 which is expected to be presented by Finance Minister Nirmala Sitaraman on February 1, 2023, in the...
‘Crypto is Harmless,’ Says Indian IT Minister Rajeev Chandrasekhar
Rajeev Chandrasekhar, the Indian Minister of State for Electronics and Information Technology and Skill Development and Entrepreneurship addressed the gathering at the ITech Law International Conference 2023 held in Bengaluru,...
30% Tax Effect: Indian Crypto Exchange Trade Down by $3.8 Billion
A recent study showed that after the imposition of a 30 percent tax on the income from crypto assets, the net trade volume worth $3.8 billion (Rs 32,000 crore) switched...
India To Explore Crypto And Web3 To Reach Goal Of $5 Trillion Economy
India is ready to achieve its dream of a $5 trillion economy by exploring the untapped $1 trillion crypto market that the currently has under its belt. The Indian web3...
Rahul Gandhi Plans To Unlock India’s Potential Via Crypto, Web3
Indian political party, Congress’ leader, Rahul Gandhi, tweeted his interview with the former Reserve Bank of India governor, Raghuram Rajan, discussing future plans to unlock India’s complete potential by exploring...
Hackers of Indian Hospital Server Demands $24 Million in Crypto
The bad actors who hacked the All India Institute of Medical Sciences (AIIMS) server seek a crypto ransom. Delhi Police have registered a case of extortion and cyberterrorism. Previously, an...
India To Roll Out Retail Pilot Program for Digital Rupee
Peter Schiff took to Twitter to report that the RBI will roll out a retail pilot program for the digital rupee. The Federal Reserve authorities launched a 12-week pilot program...
India Escapes Global Crypto Meltdown With RBI’s Cautious Approach
India fled the worldwide crypto crisis due to RBI’s cautious regulations. From $3 trillion in 2021, the total of crypto is below $1 trillion. RBI has strongly defied crypto from...
