Just three days after debuting in the Indian market, United States-based crypto exchange Coinbase abruptly stopped using United Payments Interface (UPI), the most popular payment service in the region...
Tag: Indian
Indian Government Throws Another Bomb On Crypto Community
In India From 1st April 2022, 30% of tax levied on the part of crypto transactions, and 1 percent TDS as proposed in the 2022-23 budget on payments towards virtual currencies. In addition to this Indi...
Indian Crypto Sector Likely To Attract 28% GST ⋆ ZyCrypto
Advertisement     Indian tax authorities are planning to put crypto activities in the category of services that attract the highest Goods and Services Tax (GST). Accor...
Indian GST Council Wants to Treat Crypto Like Casinos and Online Betting, Proposes 28% Tax
The Goods and Service Tax (GST) Council, the body in charge of making laws and regulating goods and services tax in India, is planning on treating cryptocurrencies like casinos and online betting. Cur...
28% Tax on Crypto is Considered by Indian Goods and Services Tax (GST) Council
Gamza Khanzadaev New tax is considered to be levied in addition to already announced 30% tax on crypto gains A 28% tax on services and all activities related to cryptocurrencies is likely to be levied...
Indian Crypto Users Face More Pain As GST Council Plans 28% Tax
India’s Goods and Service Tax Council is considering levying a 28% GST on Bitcoin and other cryptocurrencies in its next session. According to sources, cryptocurrencies are still outside the ambit of ...
Indian central securities depository to back up its monitoring of bonds by blockchain
The National Securities Depository (NSDL), India’s central securities depository based in Mumbai, launched blockchain-based security and covenant monitoring platform. NSDL officially launched the dis...
Indian Finance Minister Praises Blockchain but There’s a Catch Blockchain is Good but Anonymity Factor a Risk, Says Indian Finance Minister
Hailing blockchain as “absolutely imperative,” Indian Finance Minister Nirmala Sitharaman asserted that the anonymity factor of this emerging technology is an “inherent risk,” and it calls for taking ...
Indian Crypto Firms Consider Moving To The UAE ⋆ ZyCrypto
Advertisement     The UAE’s push to become a leader in blockchain technology has not gone unnoticed as crypto firms are racing to set up shop in the country. Consequen...
Indian Finance Minister Says Anonymity Feature of Blockchain Is Risky ⋆ ZyCrypto
Advertisement     Favoring blockchain applications and keeping a tough posture against cryptocurrencies seems to be the official position of the Indian government. On...
This Indian Nation Is Setting Up A Special Economic Zone For Crypto, Fintech, Blockchain On Native Land
There are over 500 casinos on Native American tribal lands in the United States, plus numerous other businesses that benefit from special regulation in special jurisdictions. Soon, that list of busine...
Indian Finance Committee Reprimands Crypto Advocacy
7 hours ago | 2 mins read News The 30% Capital gains tax on crypto assets is effective in India from April 2022. Total estimated realized crypto gains by India in 2021 was $1.85B. On Wednesday, promi...
‘Jalsa’ Team Was Sensitive, Not Sympathetic Towards Surya Kasibhatla
Vidya Balan and Surya Kasibhatla play mother-son duo in ‘Jalsa’. Amazon Prime Video Directed by Indian filmmaker Suresh Triveni (of Tumhari Sulu fame), Jalsa features young debutant actor ...
Coinbase Hires Former Snapchat Indian Executive to Lead Emerging Markets Business
Coinbase Inc, a global crypto exchange headquartered in the US, announced Sunday the appointment of Durgesh Kaushik – the former Managing Director in charge of Snapchat India and South Asia market dev...
Indian IT Ministry directs crypto exchanges to store user data for 5 years
The Indian Computer Emergency Response Team (CERT-in), which falls under the Ministry of Electronics and Information Technology, issued a new directive on Thursday, forcing crypto exchanges, virtual p...
Binance to drive crypto and blockchain awareness among Indian investors
Crypto exchange Binance announced the parallel launch of three key educational initiatives to fast-track educating Indian investors and students about the cryptocurrency and blockchain ecosystem. Whil...
Newsom’s About-Face On Diablo Canyon Underscores Foolishness Of Indian Point Closure And Need To Save Palisades
On Friday, California Gov. Gavin Newsom announced that he wants to prevent the premature shutdown of … [+] the Diablo Canyon nuclear plant, the state’s only nuclear power plant. Bettmann A...
Indian Finance Minister ⋆ ZyCrypto
Advertisement     High taxes and denial of banking services have pushed Indian crypto exchanges virtually out of business. Indian Finance Minister says cryptocurrencie...
Walmart-owned Indian e-commerce giant Flipkart plans web3 expansion
Flipkart, an Indian e-commerce company majority-owned by world’s largest retailer Walmart, plans to enter the web3 industry with its new innovation unit Flipkart Labs, which was launched today. ...
Indian Government To Clarify the 1% TDS on Crypto Transactions Law – crypto.news
According to a recent report, the Indian government plans to provide procedural clarities on the tax rules they released just a few weeks ago. After one of the tax provisions, the tax-deductible at th...
Indian Crypto Exchanges’ Trading Volume Continues to Dive Following New Tax Law; Cryptos Higher
The largest cryptocurrency by market capitalization was recently trading just over $39,200, up over 2% over the last 24 hours. Ether, the second-largest crypto by market cap, was changing hands at rou...
Billionaire Mukesh Ambani’s Reliance In $2 Billion JV To Build Abu Dhabi Petrochemical Plant
Reliance chairman Mukesh Ambani and Abu Dhabi National Oil Company group CEO Al Jaber. Courtesy of ADNOC Reliance Industries—controlled by billionaire Mukesh Ambani—has signed an agreement to partner ...
Indian banks seek NPCI’s guidance on using UPI for crypto transactions
Indian banks have approached the National Payments Corporation of India (NPCI), the body in charge of the country’s digital payment and settlement system, to get clear instructions on using the Unifie...
Indian Citizen Loses Over $104,000 to Scammers Through Investment In a Fake Crypto Exchange
– Advertisement – A Hyderabad man suffered significant losses after investing in a fake cryptocurrency exchange. An Indian man based in the city of Hyderabad has been defrauded to the tune...
Indian Banks Seeking Clarity from NPCI on the Use of UPI for Crypto Transactions
Banks in India have reached out to the National Payments Corporation of India (NPCI) – a government agency under India’s Central Bank Reserve Bank of India in charge of operating retail payments and s...
Indian Banks Questions With Formal NCPI Note Regarding Crypto UPI Ban
In the light of recent events concerning the curb on the Unified Payments Interface on cryptocurrencies, leading banks have now asked for a formal directive from the National Payments Corporation of I...
Indian Banks Request NPCI Clarification on Crypto UPI Payments
The crypto industry has become an unavoidable force in the finance sector that even traditional institutions are looking to adopt. While world governments like the USA are being blamed for joining the...
Indian banks question ‘shadow ban’ on cryptos
According to the National Payments Corporation of India (NPCI), the Unified Payments Gateway (UPI) is being used to transact in virtual digital assets (VDAs). Indian banks are complaining that they ha...
Indian Banks Seek Regulatory Clarity Over UPI Support For Crypto Trading
Indian Banks have asked the National Payments Corporation of India (NPCI) to clarify its stance on the use of UPI and IMPS for crypto trading. At a recent meeting, banks raised concerns over a lack of...
30% Crypto tax forcing Indian investors to stop trading and infrastructure to move overseas
The new Indian tax law came into force on March 31, which obliges citizens trading in crypto to pay capital gains tax of 30% on their crypto. In addition, they will pay a 1% tax deducted at source on ...