Two thousand rupee notes on display with an Indian flag in the background. Manish Rajput | SOPA Images | LightRocket via Getty Images The Indian rupee has come under intense selling pressure due to a ...
Tag: Indian
WazirX Under Scrutiny by Indian Agencies For Money Laundering
10 hours ago | 2 mins read Bitcoin News A Show Cause Notice (SCN) has been issued under the terms of FEMA. ED is probing two instances involving WazirX under the FEMA Act 1999. State Minister for Fina...
WazirX Comes Under Investigation as $350 Million Laundered Through Largest Indian Exchange
Gamza Khanzadaev WazirX is accused of laundering $350 million through crypto, founders already left India As became known from the Economic Times, WazirX, owned by Binance, was investigated in India o...
‘Motu Patlu’ Writer Niraj Vikram And His Fascination For Indian Mythology, Culture
Inspired by the yesteryear comics characters from the Hindi comics ‘LotPot’, ‘Motu Patlu’ is one of … [+] the top ranking kids’ shows in India. VOOT Writer Niraj Vi...
Ranbir Kapoor’s ‘Shamshera’ Has A Dismal Show At Indian Box Office
Bollywood actors Ranbir Kapoor and Vaani Kapoor pose for pictures during the trailer launch of their … [+] upcoming Hindi-language period action film Shamshera in Mumbai on June 24, 2022. (Photo...
Indian Crypto Exchange Eliminates Bitcoin Transaction Costs
24 mins ago | 2 mins read Bitcoin News All BTC transactions are eligible for the new zero-fee trading offer. Currently CoinSwitch has listed 100 cryptocurrencies to its platform. India’s prominent cry...
KuCoin Indian customer base surges by 659% but here’s the issue
The current state of the cryptocurrency market is one surrounded by bears. However, Johnny Lyu, CEO of KuCoin had a different approach related to the matter. The CEO was extremely optimistic about the...
Indian brothers to face crypto fraud charges in the US
According to reports, two Indian brothers, Ishan Wahi and Nikhil Wahi have been arrested over crypto fraud allegations. The reports revealed that the two siblings, alongside their accomplice, Sameer R...
Tribal Groups in Remote Indian Area Get Blockchain Caste Certificates
“Everyone thinks of development as providing basic livelihood needs like food, bamboos for shelter, a cow or a goat (through animal husbandry schemes), but nobody has thought of equity for them,...
Indian Rupee Drops to Another Record Low as Foreign Funds Exit
(Bloomberg) — The Indian rupee touched another record low as foreign investors continued to sell the nation’s equities. Most Read from Bloomberg The rupee declined to as low as 80.06 per dollar ...
Indian Exchanges Hold Meeting to Discuss Way Forward After Crypto Advocacy Body is Dissolved: Sources
“We have always valued our association with IAMAI, however we are also shocked and disappointed with their sudden decision,” Sumit Gupta, co-chair of the now defunct BACC, said in a writte...
Indian Finance Minister Echoes Central Bank’s Crypto Ban Call but Says Global Collaboration Is Required
The question is among the first crypto-related queries in Parliament after reports that the RBI is responsible for a “shadow ban” on cryptocurrencies after payment processors cut off crypt...
Indian Finance Minister Expresses RBI’s Demand for Crypto Ban
2 hours ago | 2 mins read News The Indian Finance Minister declared that the RBI recommended crypto regulation. Government expects international collaboration for any effective regulation. ...
LBank Establishes a Charity for Indian Children to Support Their Academic Pursuits
Advertisement     Leading cryptocurrency exchange LBank has donated to the neighborhood organization Rock and Anchor to help kids in rural India. This charitable endea...
Indian blockchain firm 5ire secures $100M to fund sustainability-focused project
An ambitious sustainability-based blockchain project has secured $100 million in a Series A funding round to drive its development. Indian entrepreneurs Pratik Gauri and Prateek Dwivedi have spearhead...
Analyzing the standing of Indian crypto market with 5ire case study
An Indian blockchain company 5ire, recently raised $100 million in a Series A round of funding from UK-based Sram and Mram. The company with a $1.5 billion valuation has suddenly emerged as the latest...
Indian Regulator Gets Rid Of Its Only Crypto Exchange Body – Bane Or Boon?
In the past, there was only one Indian regulator that campaigned for crypto and represented the sector before the people of India. Today, that very entity will no longer exist. Authorities in India ar...
Indian Crypto Exchanges Witness Surge Despite Multiple Hindrances
Bitcoin News An additional element came into play in India: a 1% TDS from July 1st, 2022. Prices of cryptocurrencies like Bitcoin and Ethereum have continued to plummet. Inflation, rate hikes, and inc...
The 1% Tax Deduction Provision in Indian Crypto Tax
While the Indian government officially banned cryptocurrencies in 2018, they have since been left to be regulated and legal. Non-fungible tokens (NFTs) do not appear to be attracting as much regulator...
Indian regulator may dismantle crypto exchanges body after months of disputes
Indian authorities are reportedly set to dismantle the country’s Blockchain and Crypto Assets Council (BACC) in a move viewed as a setback to the sector. The entity is the only body representing crypt...
Indian Crypto Projects – What’s the Next Polygon?
India’s crypto ban has gone away but taxes are now high and you want to invest in crypto as an investment. What is the best cryptocurrency that is currently being traded? If you want to avoid the 1% t...
How Indian Films Fared In First Six Months Of 2022
A look at the Indian box office report from the first six months of 2022. HOMBALE FILMS/TSERIES/ZEE STUDIOS Two years since the pandemic outbreak, and most businesses are yet to get back on feet. Film...
Indian EdTech Billionaire’s Firm Byju’s Combats Speculation About Its Finances, Eyes $2 Billion Acquisition
Byju Raveendran speaks during the Credit Suisse Asian Investment Conference in Hong Kong, China, on … [+] Tuesday, March 26, 2019. Paul Yeung/Bloomberg There’s been a lot brewing lately at Banga...
Indian Crypto Taxes Crush Trade Volumes as Local Exchanges Eye Exodus
Trading volumes across crypto exchanges in India have plummeted after a new transaction tax law was recently enforced. On July 1, 2022, the Indian Government legislated a 1% tax (called TDS, or Tax De...
Crypto tax deters 83% Indian investors from crypto trading: WazirX report
The implications of what anti-crypto regulations can do to a thriving economy can be seen first-hand unfolding in India. Supporting the massive decline in trading volumes across all Indian crypto exch...
Indian Crypto Trading Volumes Plummet After New TDS Tax Rule Takes Effect – Exchanges Bitcoin News
Cryptocurrency trading volumes across exchanges in India have plunged after the country’s 1% tax deducted at source (TDS) went into effect at the beginning of the month. Some major crypto exchanges sa...
Indian exchanges records decline in transaction volume 1
Indian exchanges have experienced a downturn in their trading volume following the announcement of an attached tax to crypto transactions. According to the earlier news in the country, the new update ...
Indian Crypto Exchanges See A Huge Blow With New Tax Rules
Alerts from Indian cryptocurrency exchanges that a disputed fresh transaction fee would reduce trade are going to come into reality, with volumes dwindling since the tax went into force. According to ...
Indian Exchanges Volumes Slump Further Following Recent Crypto Tax
In the wake of major Indian exchanges witnessing drastic drops in trading volume since the 30% tax on obtained revenues came into effect on April 1, the industry now encounters additional downward pre...
Indian Crypto Exchanges See Volumes Plummeting 80% Since July 1 Due to New Tax Rules
Effective July 1, the Indian government has started levying a 1% tax at the source (TDS) for trading cryptocurrencies. Just in the last five days, volumes at three major cryptocurrencies – ZebPay, Waz...