India
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...
India’s Crypto Taxes Might Kill the Industry: Binance CEO
Changpeng Zhao stated that high crypto taxes in India will “kill the sector.” India will lead the G20 nations for a year beginning in December 2022. The formation of a...
Indian Minister Calls IMF, FSB, OECD to Debate Crypto Regulation
Indian finance minister calls on world financial bodies to discuss crypto regulation. She believes no country can singularly regulate crypto successfully. Previously, Indian Reserve Bank published a concept note for...
Reserve Bank of India Launches Digital Rupee on November 1
Pilot Central-Bank-backed Digital Rupee to be launched by Reserve Bank of India. It will be used to settle secondary market transactions in government securities. Nine banks including the State Bank...
Indian Minister Warns of Crypto-Fueled Drug Trafficking
Indian Finance Minister Amit Shah warns of increased drug trafficking using crypto. Three digital asset management companies are under investigation. India’s FIU cracks down on 200 illicit crypto transactions worth...
India Sees BTC P2P Volume Surge While Exchanges Suffer
Paxful Bitcoin P2P trading volume in India doubles from 2021 In Q3 2022, Indians traded $15.7 million against $11.2 million in Q3 2021. Trading volume on Indian exchanges continues to...
India Calls for Development of Crypto SOPs During G20 Lead
Indian Finance minister announced plans to develop Crypto SOPs. Minister claims no single nation can regulate the crypto sector on its own. She emphasized the need for international cooperation. India‘s...
“India to develop cryptocurrency framework”: Finance Minister N Sitharaman
Sitharaman pointed out that G-20 or the World Bank, are assessing crypto assets. She said that no single country can effectively handle or regulate crypto assets. G20 countries have concerns...
The Reserve Bank of India States Features of CBDC in Concept Note
The Reserve Bank of India proposes its own CBDC concept The Indian CBDC aims to be a legal tender that exchanges at a one-to-one ratio with the Indian Rupee. Notably,...
Indian Central Bank is Launching Retail and Wholesale CBDC
Reserve Bank of India released a 50-page concept note for CBDC launching. The country will establish a retail and wholesale CBDC to simplify transactions. The Indian crypto community does not...
WazirX Dismantles its Entire Public Policy & Communication Team
WazirX fired its entire public policy and communication team last Friday. A estimated 50 to 70 workers, representing 40% workforce, were sacked. The company pinned blames on the bear market....
India Crypto Tax and Regulatory Concerns Might Knock Out Its Ranking
Regulatory ambiguity and new tax rules could disrupt India’s current crypto ranking. The country will determine its regulatory stance next year. India is currently the fourth country when it comes...
BitConnect Founder Satish Kumbhani Under Investigation In India
The founder of the crypto investment platform BitConnect, Satish Kumbhani, is being investigated in India. This is not the first time that the founder of BitConnect has faced legal action....
