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Nalezeno "Indian Government": 198

India Announces Upcoming Launch of Central Bank Digital Currency, Digital Rupee, to Be Issued by RBI

2.2.2022
The Indian government has announced the upcoming launch of the country’s central bank digital currency. The digital rupee will be issued by the Reserve Bank of India (RBI) in the financial year 2022-23, Indian Finance Minister Nirmala Sitharaman said during her budget speech. RBI’s...

India Proposes 30% Tax on Crypto Income — Finance Minister Cites ‘Phenomenal Increase’ in Crypto Transactions

1.2.2022
The Indian government has proposed taxing income from cryptocurrencies and other digital assets at 30%. India’s finance minister, Nirmala Sitharaman, said: “There’s been a phenomenal increase in transaction in virtual digital assets … The magnitude and frequency of these...

Indian parliament's agenda includes crypto training session, leaves out bill banning digital assets

31.1.2022
The Cryptocurrency and Regulation of Official Digital Currency Bill does not appear as one of the 15 bills the government body will consider during its next session

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...

Indian taxman recovers $6.62M from WazirX for evading tax on commission

1.1.2022
Government officials from CGST Mumbai Zone recovered the funds from crypto exchange WazirX after detecting a GST evasion of $5.43 million on trade commissions

Indian Regulator SEBI Wants Mutual Funds to Stay Away From Crypto Investments Until Legislation Is Finalized

31.12.2021
The Securities and Exchange Board of India (SEBI) has reportedly asked mutual fund companies not to get involved or invest in any type of crypto asset-based investments until the Indian government has come up with cryptocurrency legislation. SEBI Asks Mutual Fund Companies to Wait for Crypto...

SEBI chief warns Indian mutual funds on investing in cryptocurrency offerings

29.12.2021
While the regulatory environment for cryptocurrencies in India is currently murky, the country has already witnessed an exponential rise in crypto popularity

India’s Swadeshi Jagran Manch Calls for Outright Ban on Cryptocurrency

27.12.2021
The Swadeshi Jagran Manch (SJM), an affiliate of the nationalist Rashtriya Swayamsevak Sangh, has reportedly passed a resolution demanding a ban on cryptocurrency in India. “Disobeying the ban should make person/entity liable to financial penalty,” the resolution states. Swadeshi...

Indian police commissioner issues a public warning against crypto frauds

26.12.2021
On behalf of the Hyderabad City Police, Addl. Commissioner Shikha Goel asked Indian citizens to invest in crypto only through reputed and long-established players in this field

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 parliament's agenda for winter session no longer includes crypto bill

20.12.2021
The Cryptocurrency and Regulation of Official Digital Currency Bill doesn't appear among the bills that India's lower house will consider as it concludes the winter session

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...

Indian state government to accredit Web2 and Web3 blockchain startups

20.12.2021
Telangana will launch the blockchain accelerator program in partnership with CoinSwitch Kuber and Lumos Labs

Indian Lawmaker Says Crypto Must Be Blocked if Used for Illegal Purposes

20.12.2021
India’s minister of state for external affairs says that cryptocurrencies must be blocked if they are used for illegal purposes, such as “to launch cyber-attacks in India, to launch other attacks on India, to do other kinds of illegal and unethical work like drug trafficking.”...

Indian Central Bank RBI Favors Complete Crypto Ban, Says Partial Ban Won’t Work

18.12.2021
India’s central bank, the Reserve Bank of India (RBI), has reportedly told the central board of directors that it favors a complete ban on cryptocurrencies, stating that a partial ban will not work. The central bank reiterates that it has serious concerns regarding crypto. Meanwhile,...

Indian Crypto Exchange Says 82% of Users Earn Profits This Year, Trading Volume Soars 1,735%

17.12.2021
A major cryptocurrency exchange in India, Wazirx, has reported “a massive surge in user signups” this year, with 82% of its users making profits on their crypto investments. Its trading volume also rose 1,735% from the previous year. Meanwhile, the Indian government is actively...

Indian Government to Make Additional Changes to Crypto Bill: Report

16.12.2021
The Indian government is reportedly making additional changes to the country’s crypto bill. The bill, which is listed for the current session of parliament, may be taken up in the budget session instead. According to reports, the government could also “consider bringing an ordinance...