Blockchain & crypto news from India
Away from the hype and excitement around blockchain and new forms of money, a Foreign Policy article offers a sobering view of the new business world that has sprung around the hype around cryptocurrencies, tokens, DeFi, NFTs and digital assets. It turns out it is the same old finance and market practices that have found…
While addressing an event at Stanford Medicine, Nirmala Sitharaman, the finance minister of India said that India won’t hurriedly finalize a policy on cryptos and virtual digital assets. Rather, the country will make an informed decision after due deliberations across multilateral fora. At a fireside chat organized by the University, the finance minister said while…
A day after announcing taxing crypto transactions just the same as winnings from gambling, the government said it doesn’t treat trading in crypto assets as illegal. Finance Secretary T V Somanathan said that the cryptos are in a grey area. It is not illegal to sell and buy crypto. He added that they have now…
Thailand has declared that cryptocurrency will be regulated as a means of payment for services and goods to avoid potential impacts on the nation’s financial stability and economic system. The statement came from the Bank of Thailand, the Ministry of Finance and the Thai Securities and Exchange Commission. On Tuesday, the Bank of Thailand, the…
The largest bank in Russia, Sberbank has launched what it said is the nation’s first exchange traded fund (ETF) to offer exposure to firms involved in the blockchain industry. In a statement, the bank said that called the Sberbank Blockchain Economy ETF, the fund from Sber Asset Management trades on the Russian stock market under…
On Wednesday the official Xinhua news agency said that it will issue a digital media photo collection through NFTS (non-fungible tokens), a first for China and an upsurge for the blockchain technology that supports them and that Beijing has earlier criticized. Regarded as digitized ownership certificates, NFTs have earned fame across the globe this year,…
As Parliament proceeds to discuss and debate norm or ban of cryptos and crypto exchanges in parliament from next week, India might have to be mindful that new global guidelines are being set on the management and permission of cryptos, especially given that terror financing and money laundering would become very easy without coordinated global…
On Thursday, in his first public comments on cryptos, PM Modi cautioned that bitcoin presents a risk to younger generations as his government gets ready to introduce legislation to regulate digital currencies. The PM’s warning comes days after he had discussions on how to step ahead regarding crypto in India, with problems raised on unregulated…
India is thinking of not likely going ahead with cryptocurrency, for doing transactions or making payments. However, one can invest in cryptocurrency and held them like assets, the same way how people do investments in gold, shares and bonds. As per the reports, Indian government authorities may still not put a complete ban on crypto….
According to reports, PM Narendra Modi conducted a pivotal meeting on the way forward for crypto and related issues today. The important meeting comes after Shaktikanta Das, Governor of Reserve Bank of India (RBI) sounded serious on cryptos, warning investors of the possible risk of the digital currency. Das, on Wednesday, said that cryptos are…