Blockchain & crypto news from India
According to a tweet posted on Monday by ET Now, the Indian government is anticipating taxing crypto trades and ecosystem in the nation. The tax department is in favor of taxing crypto trades and exchanges and the government believes that any task that results in income must pay tax. The development comes in as the…
The postponement in the government establishing the regulation on crypto has given rise to intense lobbying, with agencies anxious over the risks emerging from an unregulated section with utmost price unpredictability, posing a threat to investors, the majority of who don’t understand the instrument. In addition to this, there are issues over the instrument being…
The stereotypical decentralized nature of crypto in contrast to the well-regulated stock exchange is a huge incentive for investors: they can operate free of regulatory rules that is the hallmark of stock exchanges. But how do crypto exchanges work? Here are some of the main features of crypto exchanges. A crypto exchange is simply a…
On Monday, PayPal Holdings Inc. said that it will enable customers in the UK (United Kingdom) to sell, purchase and hold bitcoin and other crypto starting this week. The move which represents the first international expansion of PayPal’s cryptos services outside of the US could further stimulate mainstream adoption of the new asset class. With…
The much-anticipated legislation to regulate virtual currency in India, the crypto bill is anticipated to be taken up by the Union Cabinet soon. During a conversation with the reporters, the finance minister Nirmala Sitharaman said that the cabinet note is ready on the crypto bill. She added that she is awaiting Cabinet to clear that….
Crypto ads have returned on the advertising platform of Google following the largest network revised its policies in June, but it’s not exactly as open as previously. In March this year, the company had banned all advertising related to initial coin offerings (ICOs) and crypto firms. The policy imposed an overarching ban on almost every…
Dubai along with the rest of the United Arab Emirates (UAE) is inching closer to inaugurating licensed crypto exchanges, an initiative that could enhance financial inclusion for the countless who constitute most of the territory’s workforce. Migrants may be able to send money home using online wallets with smaller or no fee at all and…
On August 2, Pankaj Chaudhary, Minister of State for Finance said that the government would decide on the proposals on the Inter-Ministerial Committee (IMC) on the legislative proposal and cryptos, if any, would be tabled in Parliament after the due process. In its reports, a high-level IMC had recommended that all private cryptos, except any…
Crypto bank Cashaa plans to begin operations in India from next month. This is expected to aid exchanges and investors over the latest banking problems that they are encountering. Crypto exchanges said that they require a major bank to process large-scale dealings. Founder and CEO of Cashaa, Kumar Gaurav said that they will be coming…
According to a report, the Enforcement Directorate (ED) has sent many notices in the previous month related to cross border crypto transactions and trades of NRIs (Non-Resident Indians) who extended their stayed longer in the nation due to the novel Coronavirus pandemic in the previous year, betting on Euro 2020 matches. The report, mentioning an…