Blockchain & crypto news from India
Crypto exchanges in India have begun blocking and reporting trading accounts, which handle dubious trades after government agencies raised red flags over cryptos being utilized for money laundering. Self-regulation is introduced during the time frame when the country is yet to settle on any regulations around cryptos or the method to tax them. Industry analysts…
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…
In a heist that appears straight out of the movies, the Greater Manchester police have seized crypto assets valued at $22.5 million from a couple. The duo is suspected to be a part of an international crypto scam. Police have recovered the assets stored in a pen drive. Including Ethereum, the seized assets are calculated…
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….
In a reply to a query asked by former Bihar deputy CM and Rajya Sabha MP Sushil Kumar Modi, Nirmala Sitharaman, the Finance Minister, on July 27 informed the Rajya Sabha that the Indian Government isn’t gathering any information on the cryptocurrency market and has no clue about the count of active crypto exchange platform…
Turkey is all set to present its draft bill to regulate crypto in the nation as soon as October. Situated at the junction where Asia and Europe meet, netizens in Turkey have taken crypto as a protection against inflation. The new bill may make it very much expensive for firms to enter the crypto world…
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…