It’s been months, and the fight surrounding crypto in India doesn’t appear to have an end in sight. The Reserve Bank of India (RBI) and its deputy governor T Rabi Sankar have recently issued statement...
Tag: India
India Confirms ‘It’s Not Illegal to Buy or Sell Crypto’ — Government Will Consult Widely on Crypto Regulation – Coinotizia
India’s finance secretary has confirmed that it is not illegal to buy or sell crypto assets in India. Regarding cryptocurrency regulation, “the government’s approach is to consult widely and also to l...
Banning Crypto Is ‘Most Advisable’ for India, Regulation Is ‘Futile’ – Regulation Bitcoin News
A deputy governor of India’s central bank, the Reserve Bank of India (RBI), likens cryptocurrencies to Ponzi schemes, emphasizing that they cannot be regulated. “It would be futile to regulate cryptoc...
Deputy Governor of the Reserve Bank of India advocates for a crypto ban
The deputy governor of the Reserve Bank of India, T. Rabi Sankar, has stated that cryptocurrencies are similar to Ponzi schemes. He has advocated for a ban on cryptocurrencies, saying it is a better o...
India Should Ban Cryptocurrencies, Says RBI Deputy
India should ban cryptocurrencies as they are related to Ponzi schemes or worse and they pose a threat to financial and macroeconomic stability, a deputy governor at the Reserve Bank of India (RBI) sa...
India Central Bank Official Calls for Crypto Ban
Key Takeaways Shri T. Rabi Sankar, Deputy Governor of the Reserve Bank of India, called for a crypto ban during a speech today. He argued that cryptocurrency poses various threats and that objections ...
The Bank of India could take further action against crypto
TL;DR Breakdown • T-Rabi Snankar brands cryptos as Ponzi schemes.• Bank of India executive believes cryptos should be banned immediately. Recently the deputy governor of the Bank of India, T-Rabi Shan...
India’s Unusual Rush To Sign Free Trade Deals
Piyush Goyal, commerce and industry minister, gestures during a press conference at the National … [+] Media Centre on February 1, 2019 in New Delhi, India. Vipin Kumar/Hindustan Times via Getty...
Nuclear Power’s Future Is Looking Brighter
Atomic plant Vogtle, is a 2-unit nuclear power plant located in Burke County, near Waynesboro, … [+] Georgia in USA. Each unit has a Westinghouse pressurized water reactor (PWR), with a General ...
India Central Bank Governor: Crypto Is ‘Big Threat’ to Financial Stability
The governor of the Reserve Bank of India, Shaktikanta Das, said on Thursday that private cryptocurrency “is a big threat to our macroeconomic stability and financial stability.” Das added that crypto...
India Won’t Legalize or Ban Crypto at This Stage, Finance Minister Confirms – Regulation Bitcoin News
India’s finance minister has revealed the current status of crypto policy in India, including whether crypto will be legalized or banned in the country. The question surrounding the legitimacy of cryp...
With Millions Of Dollars Up For Grabs, The Indian Premier League Auction Is Cricket’s Undisputed Bonanza
David Warner is set to command a big payday. (Photo credit should read NOAH SEELAM/AFP/GettyImages) AFP via Getty Images The obscenely rich Indian Premier League’s wealth will be best illustrated duri...
Cryptocurrency Is a Big Threat to Macroeconomic and Financial Stability in India – Regulation Bitcoin News
The governor of India’s central bank, the Reserve Bank of India (RBI), has reiterated his concerns that cryptocurrency is a “big threat” to the country’s financial and macroeconomic stability. He also...
European nuclear fusion experiment announces ‘record-breaking’ results
Nuclear fusion powers the Sun. Pierre Longnus | The Image Bank | Getty Images Researchers working on a project centered around fusion energy — the process that powers stars — have hailed “record...
Why did WazirX token (WRX) jump 30% after India announced its big crypto tax?
Finance Minister Nirmala Sitharaman said that the government will tax digital currency earnings at 30%. This tax is applied to an array of cryptocurrencies that fall under what the government deems as...
India: Will crypto volumes ‘drop off the cliff’ after the 1% TDS proposal
India Finance Secretary T.V. Somanathan had told media outlets last week that crypto taxation is kept next to winnings from horse races, or bets and other speculative transactions with the proposed 30...
India: Here’s what’s next for crypto-exchanges after new tax slab news
A grave setback engulfed India’s cryptocurrency market last week when the country’s government introduced a 30% tax on digital asset income. While some have heralded it as a step towards the legitimiz...
Polygon Raises $450 Million From Sequoia Capital India, Softbank, Shark Tank’s Kevin O’leary – Finance Bitcoin News
The blockchain project Polygon announced it has raised $450 million on Monday in a fundraising round led by Sequoia Capital India with participation from more than 40 venture capital firms. Polygon sa...
Polygon Raises $450 Million in Funding Round led by Sequoia Capital India
Polygon, an Ethereum scaling platform, has raised $450 million in a funding round led by Sequoia Capital India, which also featured investment from venture capital firms like Softbank Vision Fund 2, G...
Sequoia leads $450 million investment in Polygon blockchain
The logo of cryptocurrency network Polygon. Jakub Porzycki | NurPhoto via Getty Images Sequoia Capital is playing catchup with arch-rival Andreessen Horowitz in the race to invest in what could be the...
Sequoia leads $400 million investment in crypto project Polygon
The logo of cryptocurrency network Polygon. Jakub Porzycki | NurPhoto via Getty Images Sequoia Capital is playing catchup with arch-rival Andreessen Horowitz in the race to invest in what could be the...
Calls For Atrocity Crimes Against Muslims In India
“The Holocaust did not start with the gas chambers.” It started with hate speech. It started with propaganda. It started with dehumanization of a group of people and incitement to violence against the...
India Will Regulate Crypto and Unveil the Digital Rupee
In what is arguably one of the biggest 360s the world of crypto has ever seen, India has announced that it will not be banning crypto. Rather, it will tax crypto-based income, work to regulate the spa...
Taiwan Tops $100 Billion In U.S. Trade For First Time In 2021
Taiwan topped $100 billion in U.S. trade for the first time in 2021 on the backs of increasing … [+] exports and surging imports of computers, computer parts, computer chips, cell phones and dig...
Crypto Tax Reduction Petition in India Receives Over 52,000 Signatures in Hours
A petition by Indian investors to have the government reduce the newly instated crypto tax rate has received over 52,000 signatures in just a few hours. The petition calls for several changes to the p...
Bitcoin Ban Remains Possible in India, Says Finance Secretary
Alex Dovbnya Cryptocurrency investors are not out of the woods just yet in India as the government remains undecided about the legal status of digital assets In a recently published interview, India&#...
India: Despite tax ‘legitimacy’, here’s why a ‘crypto ban’ is still not off the table
Soon after the Indian government’s announcement to bring the transfer of digital assets into the 30% tax bracket, Economic affairs secretary Ajay Seth has said that even a ban is still not off the tab...
Indian Central Bank Warns against Unregulated FX Trading Platforms
The Indian central bank has issued a warning on Thursday against locally unregulated forex trading Forex Trading Forex trading is the buying and selling of foreign currencies with the aim of gener...
Police Officer In India arrested for kidnapping crypto trader
A police officer in India has been arrested for kidnapping a local crypto trader to get a bitcoin ransom worth $40 million. Cryptocurrency trader Vijay Naik was the victim of the kidnap by a police o...
India’s 30% Crypto Tax: Good or Bad?
The Indian government officially brought in the cryptocurrency gains under the taxation regime on Tuesday. Though the government was expected to table a bill to regulate digital assets, the Finance Mi...