Blockchain & crypto news from India
After the adoption of the new crypto tax law, the volume of trading on major Indian crypto exchanges has dropped. Info gathered by a Mumbai-based research organization Crebaco and a crypto data generator Nomics revealed this. On April 1, the new tax law became effective. All profits from crypto trading in the nation will be…
On March 9, United Arab Emirates’s ruler and also vice president and prime minister Sheikh Mohammed bin Rashid Al Maktoum declared on his official Twitter account that the Emirates has adopted its first law to regulate crypto assets. The law would work towards establishing and developing Dubai and UAE’s place as important players in orienting…
The New York Stock Exchange is stepping into the NFTs market with schemes to do for digital assets what it does for stocks. In a regulatory filing with the US Patent and Trademark Office, the NYSE said that it intends to be a financial exchange for cryptos and NFTs that would compete with the likes…
Prior to Diwali, two of the leading stars of Bollywood are setting up another alternative during India’s annual gold shopping spree: cryptos. Two of the prominent crypto platforms in India have each tapped Bollywood stars – one, Amitabh Bachchan, the most prominent Indian actor of all time – to foster cryptos as a simple and…
As if cracking down of the crypto trade in China wasn’t bad enough news for cryptocurrency investors, now the White House is making an executive order to follow a regulation path, too. Biden administration intends to engage all relevant government entities – from the national security agencies and the financial regulators to the National Science…
Muhammad Luthfi, the Indonesian Minister for trade confirmed to the local media about reinforcing cryptos regulations instead of banning it like China. He said that Indonesia will concentrate on making the crypto market less prone to unlawful activities. The statement from the Indonesian minister comes posterior to the fabulous growth recorded by local exchanges in…
Cross Tower, one of the world’s leading trading and digital asset investment companies, announced the launch of its crypto trading platform in India. Cross Tower said in a statement that the platform has been developed in a systematic manner on a scalable, robust and resilient infrastructure with best-in-class services, safeguards and capabilities. Cross Tower is…
India appeared as the world’s second-largest crypto market by adoption the previous year. With the objective to revolutionize the entire experience, Rainmaker, the world’s first fantasy crypto game was introduced today, to provide India’s crypto curious and enthusiasts an entirely distinctive and new trading experience. Rainmaker is based on the key vision of democratizing knowledge…
Loved worldwide, Bitcoin was first introduced in January 2009. From there only cryptocurrency came into the picture and is slowly and steadily gaining popularity all over the world. Fast forward to 2021, crypto trading has become a rewarding investment alternative for individuals and also promotes the growth of the economy. But unfortunately, cryptocurrencies have failed…
The publicity around Paraguay emerging as the 2nd country to legalizing Bitcoin has doing rounds since El Salvador announced crypto as legal tender the previous month. But, a leaked draft of the cryptocurrency bill that Paraguayan congressman Carlos Rejala intends to present in the Chamber of Deputies – similar to Lok Sabha in India –…