Blockchain & crypto news from India
Cryptocurrency Shiba Inu (SHIB) drowned in price after being listed on famous stock and crypto trading app Robinhood. It comes as good news to SHIB fans who have been targeting a listing on the Robinhood app. The online crypto broker company also declared that customers can now buy and sell four additional cryptocurrencies through its…
The government is planning to roll out the Finance Bill which will regulate all virtual assets including cryptocurrencies. They are developing an FAQ on the taxation of the same. As per a recent report, these FAQs will provide users a proper clarification in a distinctive way on the applicability of income tax and GST on…
In Morrocco, the central bank Al-Maghrib, the Ministry of Finance, the Foreign Exchange Office, and the Financial Markets Regulator has recently prohibited using cryptocurrencies in the country. As per the joint release published on 5th March, the ban is imposed to protect citizens from legal issues & losses. As per the regulatory authorities, cryptocurrencies are…
EU member states agreed Friday to prohibit the services of high-value crypto assets to Russia as part of the fifth package of sanctions imposed in response to the Ukraine war. The European Commission said that the stance will lead to closing potential loopholes in existing restrictions and was declared next to bans on four Russian…
A famous crypto wallet provider, MetaMask declared Apple Pay integration to its website and app. While Apple doesn’t support cryptocurrency payment directly, MetaMask users will be redirected to Wyre, a crypto exchange that supports the selling and buying of crypto, users will now have the alternative to make the payment via debit or credit card…
On Monday, the United Kingdom government declared plans to mint its non-fungible tokens, as part of a push towards emerging as a ‘world leader’ in the crypto world. Rishi Sunak, the Finance Minister asked the Royal Mint – the government-owned firm responsible for minting coins for the U.K. – to create and launch the NFT…
Crypto is here to stay, and while it is not good news for the environment, there is no stopping the mining. A few tech giants are focusing on solving the issues by developing chips that can facilitate energy-efficient blockchain hashing, and one of them is Intel. Intel has established its new Intel Blockchain ASIC (application-specific integrated…
The biggest Indian state in terms of GDP, Maharashtra has joined hands with blockchain-based application LegitDoc to issue caste certificates using the Polygon blockchain to inhabitants of the Gadchiroli district. The state government is in the process of unfurling 65,000 caste certificates to help the process of delivering government benefits and schemes. As a part…
The Indian Finance Bill 2022 with new 30% cryptocurrency tax rules was approved by Rajya Sabha, the upper house of the Indian parliament, to make it a law today that will be in effect from tomorrow i.e., April 1. The bill’s approval by the upper house of the parliament comes within a week after the…
Hackers stole crypto worth more than $600 million from a digital ledger used by players of the famous online game Axie Infinity, in a huge digital cash heist disclosed on Tuesday. Interest in crypto has surged, along with its values, but the money has also become a lucrative target for tech-savvy thieves. Ronin Network said…