Red-hot oil prices and a deal between two of India’s biggest retail players helped push up Mukesh Ambani’s fortune by $2.8 billion on Monday, even as broader global markets reeled. Getty Images ...
Tag: Indian
Ponzi Scam: BitConnect’s Indian Founder Charged In $2.4 Billion Bogus Scheme
A federal grand jury in San Diego charged the founder of a cryptocurrency startup Friday in a broad indictment that claims he cheated investors of more than $2.4 billion in a Ponzi scam. Prosecutors s...
US Charges Indian Citizen in $3.4 Billion Crypto Ponzi Scheme Bitconnect – Regulation Bitcoin News
The founder of the $3.4 billion crypto Ponzi scheme Bitconnect has been charged in the United States. “If convicted of all counts, he faces a maximum total penalty of 70 years in prison,” said the U.S...
DOJ indicts BitConnect’s Indian founder for $2.4B crypto Ponzi scheme
The founder of the infamous crypto exchange BitConnect, Satish Kumbhani, has been charged for allegedly misleading investors globally and defrauding them of $2.4 billion in the process. According to t...
Indian Regulatory Body Issues Guidelines for Crypto and NFT Ads Indian Ad Body Issues Guidelines for Crypto, NFT Ads
The ASCI said that the guidelines will be enforced from April 1, 2022, and advertisers must ensure that their previous ads don’t appear in the public domain without the new disclaimer. Ads Must Have a...
Indian Regulator Brings Guidelines for Crypto Ads
The Indian advertising regulator has released official guidelines for the promotions of cryptocurrencies across all channels. Most of the requirements were around providing risk warnings and pointing ...
Five key takeaways from the official Indian crypto ads guideline
The Advertising Stands Council of India (ASCI) released a set of 12 guidelines for promotions and advertisement of virtual digital assets (VDA), including cryptocurrencies, on Wednesday. The chief adv...
Sequoia-Backed Indian SaaS Startup Increff Raises $12 Million
From left to right, Increff cofounders: Romil Jain, Anshuman Agarwal and Rajul Jain. Courtesy of Increff Bengaluru-based startup Increff has raised $12 million in a Series B funding round led by India...
Indian Police Arrest 11 People in Cryptocurrency Scheme Defrauding 2,000 Investors – Regulation Bitcoin News
Indian police have arrested 11 people so far in connection with a fraudulent cryptocurrency scheme that has duped about 2,000 investors out of $5.4 million. 11 People Arrested so Far in Cryptocurrency...
Merck’s Anti-Covid Pill Shows Better Effectiveness In Indian Study
Topline Merck and Ridgeback Biotherapeutics’ Covid-19 antiviral pill molnupiravir reduced the risk of hospitalization by over 65% in a clinical trial conducted by their Indian partner Hetero, the comp...
Indian Crypto Taxation Leads to Increase in Daily Sign-ups for Exchange Platforms
Indian crypto-asset exchange platform WazirX witnessed a 30% jump in its daily sign-ups since the country decided to impose a 30% tax on profits from cryptocurrency trading, according to co-founder Ni...
Indian Government ‘Constantly Monitoring’ Crypto Sector, Says Finance Minister – Coinotizia
India’s finance minister, Nirmala Sitharaman, has reportedly revealed that the government is “constantly monitoring” and “watching the crypto sector.” Referring to her budget speech, she noted that cr...
Indian Crypto Taxation Leads to Daily Sign-ups Increase for Exchange Platforms
Indian crypto-asset exchange platform WazirX witnessed a 30% jump in its daily sign-ups since the country decided to impose a 30% tax on profits from cryptocurrency trading, according to co-founder Ni...
Indian Crypto Exchanges Met With Finance Ministry Officials to Seek Tax Reconsideration
“Uncertainty surrounding cryptocurrency regulations, limited knowledge of the capital market and a desire to maximize profits drove exchanges to innovate unnecessarily, to the point where complexity b...
Indian Finance Minister Says RBI Is on Board With New Crypto Rules
“We were all discussing prior to the budget. And we shall continue to have the discussions. And all decisions … are being taken on it, obviously, because it [is] very serious, it is a digi...
Indian Government Needs More Time to Finalize Crypto Bill: Report – Coinotizia
Indian government officials reportedly said that India’s cryptocurrency bill will require more time because crypto is a complex subject. The bill is therefore unlikely to be introduced in the upcoming...
Indian Finance Ministry & Central Bank in ‘Complete Harmony’ on Crypto Policy
The Reserve Bank of India (RBI) and the Indian Ministry of Finance are in “complete harmony” on cryptocurrency policy, according to the finance minister. “With RBI and the Ministry, not just on crypto...
Indian Government Consulting With Central Bank RBI on Crypto — ‘There Is Complete Harmony’ – Regulation Bitcoin News
The Indian government is consulting with the Reserve Bank of India (RBI) on crypto policies. According to the finance minister, the government and the central bank are in “complete harmony” on crypto ...
Cricketers Receive Million Dollar Paydays At Indian Premier League Auction
Ishan Kishan received a massive pay day. (Photo by Pankaj Nangia/Getty Images) Getty Images The cash flowed at the Indian Premier League’s flashy mega auction on February 12-13 to illustrate the heft ...
Indian Parliament Member Clarifies Legal Status of Cryptocurrency – Regulation Bitcoin News
Cryptocurrency is currently a gray area in India. It is neither legal nor illegal. A parliament member, India’s finance secretary, and the minister of finance have recently clarified the legal status ...
Indian FM says Crypto Taxation is “Sovereign Right”
India’s Finance Minister Nirmala Sitharaman came out guns blazing to clarify that cryptocurrency taxation is a “sovereign right” and “corrective action”. Sitharaman clear...
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...
Indian FM Sitharaman Says ‘Taxing Cryptos Doesn’t Mean It Has Been Legalized’
Is the proposed 30% tax on Cryptocurrencies a tacit acceptance of cryptocurrencies by the Government Of India? Indian Finance Minister Nirmala Sitaraman quashes such possibilities and said that taxing...
Indian Central Bank Chief Likens Crypto to Tulips
Key Takeaways Shaktikanta Das, the governor of the Reserve Bank of India has made fresh comments against crypto assets. The governor said private cryptocurrency was a threat India’s macroeconomic and ...
“Cryptocurrency Is Threat to Financial Stability”- Indian Central Bank Governor
RBI Governor Shaktikanta Das has once again dropped some bombs over the future of cryptocurrencies in India. In a post-monetary policy briefing, he termed crypto a threat to macroeconomic and financia...