Advertisement     The Advertising Standards Council of India (ASCI) has published a new set of guidelines that seek to check advertisement and promotional activities a...
Tag: Indias
India’s Advertising Council Issues Crypto Guidelines
The Advertising Standards Council of India (ASCI) has published guidelines covering the advertisement of crypto assets, after finding that several ads “do not adequately disclose” risks associated wit...
India’s ad watchdog issues guidelines for crypto advertisements
The Advertising Standards Council of India (ASCI), the country’s self-regulatory organization of the advertising industry, has issued guidelines for crypto ads following a spate of such ads in r...
India’s Finance Minister Confirms That The Country Would Not Legalise Or Ban Cryptocurrency At This Time
During her Budget speech, the finance minister said that bitcoin income will be taxed at a rate of 30%. Many people believe that the Indian government has legitimised cryptocurrencies because of the t...
India’s crypto tax provides little legal clarity for traders and exchanges
Earlier in February, Indian Finance Minister Nirmala Sitharaman announced a tax proposal that would bring the relatively unregulated digital asset space under the purview of tax authorities. The propo...
Co-Founder of India’s Top Crypto Exchange Denies Jumping Ship
Alex Dovbnya WazirX Nischal Shetty will not be stepping away from his active role at the company for now despite focusing on Shardeum, his new blockchain project Contents Juggling two roles Menon will...
India’s Leading Cryptocurrency Exchange Undergoing Major Leadership Reshuffle
Alex Dovbnya As the threat of a blanket cryptocurrency ban continues to loom in India, two of the co-founders of the leading crypto exchange have reportedly stepped down According to financial news we...
India’s Central Bank Likens Cryptocurrencies To Ponzi Schemes
A top official at India’s central bank recently reiterated warnings to Prime Minister Modi’s government about the risks cryptocurrencies pose to the country’s financial system. This time, he compared ...
RBI deputy governor concerned about crypto’s impact on India’s economy
The government and the banks themselves are still trying to figure out the meaning and the nature of digital currencies. In the eyes of the RBI Deputy Governor Rabi Sankar, cryptocurrencies should be ...
India’s RBI Dy Governor Calls Crypto Worse Than A Ponzi Scheme, Calls For Outright Ban
The cryptocurrency tax was the first step taken by the Government of India to bring cryptocurrencies under some form of regulation. However, it seems more is in store, especially taking the statements...
Bitcoin Ban “Most Advisable Choice,” Says Deputy Governor of India’s Central Bank
Alex Dovbnya In a first, India’s top central bank official has called for banning cryptocurrencies Central banker T. Rabi Sankar, who serves as deputy governor at the Reserve Bank of India, has ...
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...
Revolut Acquires India’s Arvog Forex in Expansion Move
British fintech giant Revolut announced on Friday that its subsidiary arm in India has acquired Arvog Forex, a local money transfers firm, to jump-start its product strategy in the nation. Although Re...
India’s finance minister waiting for consultations to decide whether to ban or regulate crypto
Yet another statement by a top Indian official suggests that regulatory uncertainty around the status of digital assets in the country will persist in the near term. Responding to the general discussi...
India’s finance minister to consult before regulating or banning crypto
India has one of the largest crypto economies in the world, but the country is yet to enforce a clear regulatory framework on cryptocurrencies. The minister of finance in India, Nirmala Sitharaman, ha...
Rahul Bajaj, India’s Billionaire Auto Pioneer, Dies At Age 83
Rahul Bajaj at the SIAM Annual Convention 2008 “India’s Automotive Industry: Challenges for … [+] Leadership-2016 and beyond” held at Ashok Hotel, on September 4, 2008 in New D...
India’s Finance Minister Explains Why Cryptocurrencies Must Be Taxed
The government of India remains set on taxing cryptocurrencies. Finance minister, Nirmala Sitharaman, has said that crypto taxes will come into effect as planned. This is despite India not having deci...
India’s Central Bank RBI Says Crypto Is Prone to Fraud and Poses Immediate Risks to Consumer Protection – Coinotizia
India’s central bank, the Reserve Bank of India (RBI), has warned about multiple risks cryptocurrency poses to the country’s financial stability. “They are also prone to frauds and to extreme price vo...
RBI Calls Crypto A Threat To India’s Financial Stability
RBI Governor, Shaktikanta Das has stated that private currencies such as cryptocurrencies are a threat to the country’s financial stability. The criticism against cryptocurrencies in a way is to cauti...
Playcent Acquires India’s Largest NFT Marketplace, Polkarare ⋆ ZyCrypto
Advertisement     With the exploding popularity of the non-fungible tokens (NFTs), which are digital pieces of art in the form of an image, video, or even land in the ...
India’s ElasticRun Becomes Unicorn With $300 Million Funding Round Led By SoftBank
Kirana shops in rural India which ElasticRun is targeting for collaboration with big brands and … [+] e-commerce firms. getty SoftBank Vision Fund 2 led a $300 million investment in Pune-headqua...
Crypto Weekly Roundup: India’s Crypto Tax, FTX Acquires Liquid, SEC Rejects Fidelity ETF, And More
India steps into a new era as crypto-assets become legalized with the announcement of a flat 30% tax on all digital earnings in the 2022 Budget Speech. It marks a momentous occasion as most traders an...
India’s 30% Proposed Digital Asset Tax is Positive, says CoinSwitch CEO
At 30%, India’s tax rate on income from digital assets is unarguably steep. Ashish Singhal, the Chief Executive Officer and founder of CoinSwitch told CNBC in an interview that this proposed legislati...
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...
India’s Finance Secretary Says Crypto Will Never Be Legal Tender
Key Takeaways T.V. Somanathan, Finance Secretary of India, has said that crypto assets like BTC, ETH, and NFTs will never become legal tender. He also said that the Reserve Bank of India would never d...
India’s Finance Minister unveils the Union Budget 2022 to tax crypto
India has included a crypto tax in its Union Budget 2022. The cryptocurrency market in India remains highly unregulated. However, this tax will now introduce some form of clarity in the Indian cryptoc...
India’s 30% crypto-tax proposal – Can’t tax something ‘illegal’… or can it?
Hours after the Indian government’s announcement to bring the transfer of digital assets into the 30% tax bracket, the industry seems to be divided on its implications. Investor Rakesh Jhunjhunwala, f...
India’s Finance Minister Says CBDC Digital Rupee Could Be Coming By FY 2022-2023
Speaking earlier today at India’s budget session, Indian Finance Minister Nirmala Sitharaman said that India will introduce its central bank digital currency (CBDC) aka Digital Rupee in the next finan...
India’s CBDC to Arrive in the Next Fiscal Year, Crypto Income to be Taxed 30%
Nirmala Sitharaman – Finance Minister of India – reportedly disclosed that the country’s central bank will launch a digital currency in the next financial year (running between April 1 and March 31). ...
India’s Crypto Bill Won’t Be Introduced in Budget Session
Alex Dovbnya The much-awaited crypto legislation wasn’t expected to make the cut The government of India won’t introduce the much-anticipated cryptocurrency bill during the budget session, the Hindu B...
India’s crypto-survey: Many to invest in the asset class, but only after regulatory clarity
2021 came and went without India getting the much awaited crypto-regulation bill. Now, however, many are hoping that the Budget will provide more details about how the Indian government authorities wi...