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India Won’t Legalize or Ban Crypto at This Stage, Finance Minister Confirms
11.2.2022
India’s finance minister has revealed the current status of crypto policy in India, including whether crypto will be legalized or banned in the country. The question surrounding the legitimacy of cryptocurrency was raised in parliament after the government announced that income from crypto...
Report: Google Launches Blockchain Division
25.1.2022
The software behemoth Google has reportedly started a new blockchain-based division inside its Labs group. The division will also deal with other distributed computing and data storage technologies. While the company has been wary of associating with any form of cryptocurrency, Bill Ready...
Indian Government Needs More Time to Finalize Crypto Bill: Report
21.1.2022
Indian government officials reportedly said that India’s cryptocurrency bill will require more time because crypto is a complex subject. The bill is therefore unlikely to be introduced in the upcoming session of parliament. The government reportedly wants to hold more discussions to build...
Pro-Bitcoin Senator to Introduce Comprehensive Crypto Bill in US
25.12.2021
The pro-bitcoin U.S. Senator Cynthia Lummis has reportedly unveiled her plan to introduce a comprehensive crypto bill that will cover everything from how cryptocurrencies are taxed and categorized to consumer protections. The bill will also propose creating a new entity to oversee the digital asset...
Former Finance Secretary Doubts Indian Government Understands Crypto
24.12.2021
The Indian government has not introduced the cryptocurrency bill that was listed to be taken up in the winter session of parliament. Former Finance Secretary Subhash Chandra Garg says he has no confidence in the ability of the Indian government to figure out crypto. Garg headed...
Indian Government Seeks Wider Consultation Before Finalizing Crypto Bill: Report
20.12.2021
The cryptocurrency bill that was listed to be taken up in the current session of parliament is reportedly being reworked. The government seeks wider consultation on crypto before finalizing the rules to govern digital currencies in India. Indian Government Seeks More Consultation on Proposed Crypto...
Cryptocurrency Bill Advances to Chamber of Deputies in Paraguay
20.12.2021
A cryptocurrency bill introduced in July to the Senate of Paraguay has been approved. The text, which defines several important concepts including virtual assets, and establishes the need for licenses to mine cryptocurrencies, will now advance to the Deputy Chamber to be discussed. Paraguay Could...
New Cryptocurrency Bill Advances to Senate in Brazil
17.12.2021
A new cryptocurrency bill was approved by the Chamber of Deputies of the Brazilian Congress last week, and is now awaiting review by the Senate for approval. The project, if approved, would introduce a central body to regulate all cryptocurrency brokerage activity — ostensibly the Central...
Indian Crypto Bill: Exchange CEO Discusses What to Expect
6.12.2021
There are reports that the Indian government may impose restrictions on self-custodial cryptocurrency wallets and only allow Indian crypto exchanges. The CEO of a major cryptocurrency exchange in India has shared his thoughts on the possible restrictions. The Indian government has listed...
India’s Cabinet Note Indicates No Crypto Ban — Government Will Regulate Crypto Assets: Report
3.12.2021
India is no longer planning to ban cryptocurrency, a cabinet note circulated by the government reportedly indicates. Activities relating to crypto assets will be regulated by the Securities and Exchange Board of India (SEBI). Crypto Will Not Be Banned in India, Cabinet Note Indicates Despite...
Indian Finance Minister Reveals Crypto Bill Had to Be Reworked Before Submitting to Cabinet
1.12.2021
India’s finance minister, Nirmala Sitharaman, has revealed that the previous version of the cryptocurrency bill the government is pushing needed to be reworked. “This bill, once the Cabinet clears, will come into the House,” the finance minister told Rajya Sabha, the upper...
Ban or No Ban: Conflicting Reports on Crypto Regulation Coming Out of India
26.11.2021
Ever since the Indian government listed a cryptocurrency bill to be taken up in parliament during the upcoming session that starts next week, much debate has transpired about whether the government will ban cryptocurrencies, such as bitcoin and ether. Crypto Regulation Is Coming but There...
India Lists Cryptocurrency Bill to Be Taken up Parliament — Crypto Legislation Expected Before Year-End
24.11.2021
The government of India has listed a cryptocurrency bill to be taken up in the upcoming session of parliament that starts next week. The bill seeks to prohibit cryptocurrencies with some exceptions. It will also create a facilitative framework for a digital rupee to be issued by the Reserve Bank...
Cryptocurrency Bill Will Be Tabled for the Cabinet Approval Before Parliament Session
22.11.2021
The much-awaited Cryptocurrency bill in India is likely to be tabled at the Union Cabinet meeting before the parliament session. The law defining the regulation of cryptos, their categorization, and the intention to tax revenues may be put up for passing in the winter session of Parliament...
India Plans to ‘Fast Track’ New Cryptocurrency Bill, Seeks to Take ‘Middle Path’ to Regulate Crypto: Report
9.11.2021
The Indian government is reportedly trying to “fast track” a modified cryptocurrency bill to be introduced in the winter session of parliament. India’s crypto legislation is expected to take a “middle path” approach to balance all stakeholders’ concerns....
US Senators Introduce Bill Requiring Treasury to Report on Cryptocurrencies and Their Use Globally
29.9.2021
Two U.S. senators have introduced a bipartisan bill aimed at improving the oversight of cryptocurrency. The bill requires the Treasury Secretary to submit a report to Congress on cryptocurrencies and their competitiveness globally, including how other countries are using and mining them as well...
India’s Central Bank RBI Still Has ‘Serious Concerns’ About Cryptocurrency
11.9.2021
The governor of the Reserve Bank of India (RBI), Shaktikanta Das, has once again expressed concerns regarding the impact of cryptocurrencies on India’s financial stability. Crypto Presents ‘Serious Concerns’ to RBI The Indian government is currently awaiting the Cabinet to take...
Indian Government Clarifies Status of Cryptocurrency Trading, Regulation, Investor Protection
3.8.2021
India’s Ministry of Finance has answered some questions regarding the status of cryptocurrency trading in the country as well as crypto regulation and investor protection. The minister of state for the finance ministry has indicated that the recommendations in the draft bill proposed by...
US Lawmaker Introduces Legislation to Regulate Crypto Assets and Protect Investors
2.8.2021
A U.S. congressman has introduced the Digital Asset Market Structure and Investor Protection Act. The legislation would “provide the Securities and Exchange Commission (SEC) with authority over digital asset securities and the Commodity Futures Trading Commission (CFTC) with authority over...
Indian Bank Blocks Use of RBI’s Remittance System for Crypto While Government Delays Bill
13.7.2021
Major Indian bank ICICI has asked customers not to use the Reserve Bank of India (RBI)’s liberalised remittance scheme (LRS) for any crypto-related investments. ICICI, a leading private sector bank in India, has updated its retail outward remittance application to include cryptocurrency. With...