Blockchain & crypto news from India
From musicians and athletes to movie stars, the success of Bitcoin has turned heads around across all industries and professions. Recently, Kim Kardashian, famous for being famous, came into legal trouble for dropping a sly ad last year on her Instagram, asking, ‘Are you guys into crypto?’. The billionaire entertainer is reported to have paid…
The pilot project for India’s own digital currency or digital rupee will be launched in 2022. Though yet to be named, the pilot project joins a list of over a hundred countries who are in different phases of implementing their national digital currencies. As per RBI’s deputy governor T. Rabi Sankar, the CBDC will be…
The upcoming Union Budget is expected to bring transparency regarding regulatory ambiguity related to the cryptocurrency sector. Initial highlights of the recommended crypto bill indicate the SEBI’s role in regulating crypto as an investment asset in capital markets, with the Reserve Bank of India supervising the foreign exchange and wider monetary aspects. Jurisdictional transparency in…
A city lawyer has filed a PIL (public interest litigation) for a legal framework and laws to be put in place to regulate the utilization of crypto in India. The PIL before Bombay HC call attention to the unregulated business of crypto and seeks direction to the Ministry of Finance, Centre, Reserve Bank of India,…
The government is tracking crypto floating in the market based out of the nation subsequent to a warning that agencies responsible to monitor financial fraud are eyeing a firm called Hyper Fund. According to sources, a DEFI by Hyper Tech Group, Hyper Fund has come under the radar currently. The Group avows to have introduced…
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…