Blockchain & crypto news from India
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…
On Friday, Finance Minister Nirmala Sitharaman said that the government has sovereign right to tax profit made from crypto transactions and the decision on prohibiting or not prohibiting will be taken depending on the feedback from consultations. Responding to the general discussion on Union Budget, the finance minister said that she is not going to…
On Friday, Cryptocurrency saw a collapse for the second time in less than a month, initiated by the Russian Central Bank proposal to prohibit the use and mining of cryptocurrencies. Bitcoin has lost more than 12% Friday and dropped below $36,000 to its lowest level since July. As per the historical data, Bitcoin has lost…
The retail giant of the United States, Walmart is the latest firm to step into the crypto bandwagon. Based on trademark documents the retail giant field in December 2021 with the US Patent and Trademark Office (USPTO), Walmart appears to be set out into the metaverse with schemes to develop its own collection of non-fungible…
According to co-founder, Neeraj Khandelwal, India’s first crypto unicorn, CoinDCX, wishes to work towards an initial public offering as soon as government regulations permit it. Khandelwal said that akin to Coinbase Global Inc.’s U.S. listing earlier this year, the share sale would be a key vote of confidence for the country’s digital asset industry. He…
A digital asset exchange based in Hong Kong, crypto.com has started issuing Visa crypto cards for its users in Brazil. The firm said that users receiving and applying for cards won’t be charged any annual, monthly, or ATM withdrawal fees. As opposed to normal Visa cards that provide a line of credit, these crypto Visa…
The Centre is expected to move a revamped bill on crypto at the beginning of the Winter Session of the Parliament. According to sources, officials of the ministry of finance are working towards altering the recommended crypto legislation. A previous draft of the bill suggested a ban on the utilization of digital currency in India….
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…
Money laundering and terror financing have flourished in the previous one year as governments and nations across the world directed their concentration only on combating the novel Coronavirus pandemic. The new era of the digital asset in the form of crypto has surged terror financing. Crypto is encountering a rise in the market value in…
A deep-tech digital asset management company Nexus Inc. executes and develops Internet of Things-centered solutions for institutions and online platforms globally. The company is delighted to announce the launch of the world’s first Ethereum blockchain network onboard the International Space Station. Its only aim is to provide customers with ultra-secure crypto transactions against worldly hackers….