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India’s Central Bank RBI Says Crypto Is Prone to Fraud and Poses Immediate Risks to Consumer Protection
2.1.2022
India’s central bank, the Reserve Bank of India (RBI), has warned about multiple risks cryptocurrency poses to the country’s financial stability. “They are also prone to frauds and to extreme price volatility,” the apex bank claims, stressing that...
Indian Authorities Raid Cryptocurrency Exchanges for Tax Evasion
1.1.2022
India’s Directorate General of GST Intelligence (DGGI) reportedly raided major cryptocurrency exchanges Saturday. Their offices were searched and “massive goods and services tax (GST) evasion has been detected by DGGI.” Tax Authorities Say Cryptocurrency Exchanges Have Been...
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
Crypto News Rewind 2021: Q4 - Pandora Papers, India's Regulatory Saga, Facebook to Meta and Other Rebrands
31.12.2021
Here is what happened in the Cryptoworld in the last quarter of this year:
Total crypto market capitalization in Q4
And thus ended the year. Happy 2022.
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Read More: Crypto News Rewind 2021: Q4 - Pandora Papers, India's Regulatory Saga, Facebook to Meta and Other Rebrands
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...
India’s Central Bank RBI Discusses Digital Currency and CBDC Launch With Minimal Impact on Monetary Policy
29.12.2021
India’s central bank, the Reserve Bank of India (RBI), says a basic central bank digital currency (CBDC) model must be adopted initially and tested comprehensively to minimize the impact on the country’s monetary policy and banking system. The Indian apex bank sees several benefits...
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
$2.5T crypto market will not wait for nations to onboard: WazirX CEO
29.12.2021
"The question for every nation is, do they want to participate and get a share of this pie," says WazirX CEO Nischal Shetty
Legal Experts Say It’s Too Late to Ban Crypto, India Needs Comprehensive Regulation
29.12.2021
Indian legal experts reportedly say that it is too late to ban cryptocurrency despite calls for a complete crypto ban by the central bank, the Reserve Bank of India (RBI). The Swadeshi Jagran Manch (SJM), an affiliate of the nationalist Rashtriya Swayamsevak Sangh, also passed a resolution calling...
India's CBDC, Ozzy Bites NFT, Decentralized Autonomous Rug Pull + More News
28.12.2021
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: India's CBDC, Ozzy Bites NFT, Decentralized Autonomous Rug Pull + More News
Law Decoded: Three regulatory trends of 2021, Dec. 20–27
27.12.2021
The year past saw some fundamental transformations in the relationship between state power and the digital asset space
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...
First Crypto Investment Outflows in 17 Weeks, MicroStrategy's BTC Strategy + More News
20.12.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: First Crypto Investment Outflows in 17 Weeks, MicroStrategy's BTC Strategy + More News
The 5 weirdest crypto stories of 2021
20.12.2021
For some blockchain enthusiasts and stakeholders alike, it‘s been a year packed with adventures
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.”...