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Here's why India held on to older crypto reforms in national budget 2023
1.2.2023
Experts opine that the Indian government needs more data and time to decide on rigid tax policies, given it has been only ten months since the tax laws were introduced in March 2022
India Keeps Restrictive Crypto Tax Rules In 2023 Budget
1.2.2023
Indian Finance Minister Nirmala Sitharaman has unveiled the 2023 budget for the nation
India Highlights Need for ‘Common Approach to Regulating Crypto Ecosystem’
1.2.2023
India’s Finance Ministry has highlighted the necessity for “a common approach to regulating the crypto ecosystem” in its flagship Economic Survey this year. “Crypto assets are self-referential instruments and do not strictly pass the test of being a financial asset because...
Crypto India Looks for Relief but Holds Out Little Hope in Budget Speech
30.1.2023
India is unlikely to change its restrictive crypto tax rules when Finance Minister Nirmala Sitharaman unveils the country’s new budget on Wednesday, CoinDesk has learned
WazirX Says Binance Lied About Ownership as Dispute About India’s Largest Exchange Escalates
28.1.2023
The back-and-forth about the ownership of WazirX could have a devastating effect on the Indian exchange and its users
India should reduce TDS on crypto trade in the 2023 budget
27.1.2023
Cryptocurrency in India is going through a process of legal identification. There is little surety if the country will legalize the digital currency considering that the digital rupee has started circulating in the market. An application of 1% TDS on the transfer of virtual digital assets worth...
India Has Clamped Down on Crypto. What Will It Do With Its G-20 Power?
24.1.2023
Holding the presidency of the G-20 this year, India is well placed to dictate how developed countries think about the future of crypto regulation, says CoinDesk Amitoj Singh
Today in Crypto: Bitzlato Exchanged $1 Billion in Crime-linked Assets, SEBA Launches Three-tiered Membership Program, China’s Blockchain Network to be the Swift of Stablecoins & CBDCs
23.1.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Bitzlato Exchanged $1 Billion in Crime-linked Assets, SEBA Launches Three-tiered Membership Program...
Nothing Outlaws Crypto in India if Legal Procedures Are Followed, Says Government Official
21.1.2023
An Indian government official says that there is currently nothing that outlaws crypto in India “as long as you follow the legal process.” Meanwhile, the country’s central bank, the Reserve Bank of India (RBI), has stressed that “cryptocurrency does not have any underlying...
Crypto Users in Brazil, India Set for Boost from Latest Samsung Wallet Rollout
20.1.2023
Samsung has announced the rollout of its crypto wallet-linkable mobile payments solution – Samsung Wallet – in Brazil, India, Malaysia, and five other countries.
Per an official Samsung release and a report from Brazil’s Livecoins, the firm will also unveil the service to users in Australia...
Indian Minister Says No Issue With Crypto if Laws Are Followed
19.1.2023
Rajeev Chandrasekhar, India's Minister of Information Technology, has said crypto would face no issue within the country if related laws are followed.
Speaking at an event in the southern city of Bengaluru, Chandrasekhar said there is "nothing today that outlaws crypto as long as you follow...
Saudi Arabia Open to Trading in Currencies Other Than US Dollar, Signaling a Shift Toward De-Dollarization
19.1.2023
After a 48-year relationship solely with the U.S. dollar, Saudi Arabia’s Finance Minister, Mohammed Al-Jadaan, said the kingdom is open to trading in currencies other than the U.S. dollar. The statements follow China’s president, Xi Jinping, urging the Gulf monarchs to accept yuan...
Indian Central Bank Chief Insists Crypto Should Be Banned — Warns ‘It Will Undermine Authority of RBI’
16.1.2023
India’s central bank has reiterated its stance on banning cryptocurrencies like bitcoin and ether. The governor of the Reserve Bank of India (RBI) likened cryptocurrency trading to gambling. He warned that crypto “will undermine the authority of the RBI and lead to the dollarization...
India's Central Bank Governor Calls Crypto "Gambling," Asks for Blanket Ban Again!
15.1.2023
India’s central bank governor has once again expressed skepticism toward cryptocurrencies, saying these assets are “nothing but gambling” and asking for a blanket ban.
Speaking at a Business Today event, Shaktikanta Das claimed cryptocurrencies don't have any intrinsic value and their perceived...
Trust is key to crypto exchange sustainability — CoinDCX CEO Sumit Gupta
13.1.2023
With all eyes on crypto exchanges, rebuilding trust — through increased transparency, safety and effective policies — has become the top agenda for entrepreneurs worldwide
WazirX releases proof of reserves with majority of funds in Binance wallets
11.1.2023
The cryptocurrency exchange released its proof of reserves and proclaimed to be India’s largest exchange both in volume and reserve funds
Today in Crypto: Expelled Chinese Communist Party Official Shamed on TV for Supporting Crypto Mining, Nigeria Considering a Regulatory Framework for Stablecoin Implementation
10.1.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Expelled Chinese Communist Party Official Shamed on TV for Supporting Crypto Mining, Nigeria Considering...
Gold Prices Expected to Soar in 2023: Experts Predict Record Highs for Precious Metal
8.1.2023
Gold is on the rise in 2023 and in the first week of the new year alone, the precious metal has jumped 2.36% against the U.S. dollar. Over the past 65 days, gold has soared 14.55% while silver has skyrocketed 22.31% against the greenback since Nov. 3, 2022. According to the head of metals strategy...
Today in Crypto: Indonesia to Launch Crypto Exchange, India's Exchanges Lost 81% of Trading Volume, UK’s National Crime Agency Forming a 'Crypto Cell'
4.1.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Indonesia to Launch Crypto Exchange, India's Exchanges Lost 81% of Trading Volume, UK’s National Crime...
India's Crypto Space Has Been "Crippled" Under Crypto Tax Laws: Report
4.1.2023
India's crypto industry has been "crippled" under the country's controversial tax laws in 2022.
According to a new report by Esya Centre, a Delhi-based technology policy think tank, Indian crypto investors have moved over $3.852 billion (INR 32,000 crore) worth of digital assets from local...