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India Considers Imposing 28% GST on All Crypto Transactions: Report
10.5.2022
The Indian government is reportedly considering imposing a 28% goods and services tax (GST) on all crypto transactions. “Currently tax is levied only on the part of the services provided by crypto exchanges. Subjecting the whole transaction to tax at a higher slab of 28% could give...
Indian central securities depository to back up its monitoring of bonds by blockchain
9.5.2022
In the future, India's NDSL and the Securities Board division will welcome other entities to join the decentralized network
Andressen Horowitz Commits $500 Million for Indian Startups: Report
3.5.2022
The move comes as more VCs target India’s growing startup ecosystem
Indian IT Ministry directs crypto exchanges to store user data for 5 years
2.5.2022
The new directives for VPN service providers and crypto exchanges would require them to collect critical private information as well as the ownership patterns of customers
India Exploring Commercial Uses for Central Bank Digital Currency, Says Finance Minister
1.5.2022
The Indian government is exploring “several commercial use purposes and not just financial inclusion” for its central bank digital currency. India’s finance minister clarified that the aim is for the digital rupee, which will be backed by the Reserve Bank of India (RBI), to...
Binance to drive crypto and blockchain awareness among Indian investors
30.4.2022
Binance also highlighted that Indian regulators and policymakers cite the lack of education as an area of concern, hindering crypto’s widespread adoption in the region
India’s Decision on Crypto Regulation Will Not Be Rushed, Says Finance Minister
29.4.2022
Indian Finance Minister Nirmala Sitharaman says that the country’s crypto policy will not be rushed. “Our intention is in no way to hurt the ecosystem, or to even say that we don’t need it,” she added. Finance Minister on Indian Crypto Regulation India’s finance...
First Mover Asia: Trading on Indian Crypto Exchange Continues to Slump Following New Tax Laws; Cryptos Higher
28.4.2022
Indian Banks Request NPCI Clarification on Crypto UPI Payments
25.4.2022
The crypto industry has become an unavoidable force in the finance sector that even traditional institutions are looking to adopt. While world governments like the USA are being blamed for joining the crypto race late, India seems to be moving to the next level with crypto UPI. A few months...
IMF: India Is on the Frontline of Digital Currencies — Especially How It Handles Crypto Risks
24.4.2022
International Monetary Fund (IMF) Managing Director Kristalina Georgieva says India is “a country that is on the frontline of digital currencies,” especially “how it handles a reduction of risk from crypto assets for the Indian people and businesses.” She met with Indian...
IMF Official: Regulating Crypto Assets Is High on the Agenda for India
22.4.2022
A director at the International Monetary Fund (IMF) says that crypto regulation is “certainly high on the agenda” for India. “We are trying to come up with global standards for #crypto asset regulations. I think that’s important for India to also adopt,” said...
Indian NFT Cricket Platform Rario Raises $120M Round Led by Dream Capital
21.4.2022
With the investment, Rario can access Mumbai-based fantasy sports platform Dream Sports and its 140 Million users
Brain drain: India’s crypto tax forces budding crypto projects to move
20.4.2022
Several Indian cryptocurrency projects are planning to move their bases to more crypto-friendly jurisdictions
Indian minister wants global crypto rules to curtail money laundering risk
19.4.2022
India is yet to finalize a crypto regulatory framework despite assurances of a speedy draft law over the past few years
Blockchain.com's IPO Might Happen This Year, Indian Exchange CoinDCX Doubles Valuation
19.4.2022
Investments in the crypto industry's infrastructure seem to be a lucrative opportunity, as another crypto giant might go public this year, while one exchange boosted its valuation sharply.
Major crypto platform Blockchain.com is reportedly planning a public listing that could happen as soon...
Indian Crypto Exchange CoinDCX Raises Over $135 Million in New Funding Round
19.4.2022
The raise brings CoinDCX's valuation to more than $2 billion, said Rasika Joshi, the company's media relations director
Crypto exchange CoinDCX raises $135M funding to support Indian Web3
19.4.2022
The latest funding round doubled CoinDCX's valuation to $2.15 billion, making it the most-valued crypto company in India
Some Indian Payment Processors Cut Off Local Crypto Exchanges
14.4.2022
Indian Crypto Exchanges Disable UPI, Other Payment Options
14.4.2022
A number of cryptocurrency exchanges in India are disabling rupee deposits, particularly payments using the Unified Payments Interface (UPI) system. This followed a statement issued by the National Payments Corporation of India (NPCI) regarding the usage of the UPI system by crypto exchanges....
Indian crypto exchanges' volume plunges down as 30% tax goes into effect
12.4.2022
Payment services providers have also cut ties with major crypto exchanges even when the same is available for gambling and fantasy sports platforms