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Crypto exchange Vauld has become the latest target as India‘s Enforcement Directorate or ED froze assets worth Rs 370 crore [$46 million] on 11 August. The move comes at a time when the Singapore-based startup filed for bankruptcy after citing “financial difficulties” a month ago. In a statement to TronWeekly, Vauld said, “We are still […]
Indian policymakers’ heavy-handedness towards crypto has left the sector high and dry. Trading has almost come to a halt and several industry bigwigs are flocking to friendlier nations while others chose to stay back hoping for some change in the government’s policy. Ironically things don’t look good in the near short term. But that has […]
CREATE - ENGAGE - WIN Welcome to all the YouTube Creators and Instagram Influencers. BuyUcoin is organising an Influencer Competition with a Reward Prize of 5 Lakh Rupees. It’s time to show creativity, publish videos, and distribute to generate maximum engagement and win cash prizes and gift hampers from BuyUcoin, – India’s oldest and most […]
Halfway through 2022, at the proof of concept stage, RBI is in the process of verifying the feasibility and functionality of launching a CBDC.
Crypto "will seriously undermine the RBI's capacity to determine monetary policy and regulate the monetary system of the country," according to Reserve Bank of India officials.
In a major development, leading US-based cryptocurrency exchange Coinbase has decided to leave the Indian market within three days of its launch. Brian Armstrong, the co-founder, and chief executive said because of “informal pressure from the government and the Reserve Bank of India”. On April 7, Coinbase launched its crypto trading service in India which allowed its clients […]
In a major development, leading US-based cryptocurrency exchange Coinbase has decided to leave the Indian market within three days of its launch. Brian Armstrong, the co-founder, and chief executive said because of “informal pressure from the government and the Reserve Bank of India”. On April 7, Coinbase launched its crypto trading service in India which allowed its clients […]
India’s crypto exchange Bitbns became the first among its peers in the country to list metaverse token ‘TRACE’ on its platform. The popular metaverse token is part of the Trace Network Labs, known for augmenting digital avatars. One of the asset’s several use cases is its ability to grant network users governance control over the […]
India’s crypto exchange Bitbns became the first among its peers in the country to list metaverse token ‘TRACE’ on its platform. The popular metaverse token is part of the Trace Network Labs, known for augmenting digital avatars. One of the asset’s several use cases is its ability to grant network users governance control over the […]
Indian Investors were left shocked after the two most prominent crypto exchanges CoinSwitch Kuber and WazirX have disabled rupee deposits for the purchase of cryptocurrency through a widely-used state-backed transfer network. This has caused a massive public outcry as the clamor for regulatory clarity grows. The alarming development comes after the National Payments Corporation of […]
Coinbase Ventures will conduct an in-person pitching event in Bengaluru to help accelerate India's financial inclusion goals via crypto and Web3 investments. Coinbase Ventures, an investment arm of American crypto exchange Coinbase, shared a plan to invest $1 million in various Indian cryptocurrency and Web3 initiatives via an in-person pitching event. In a blog post drafted… More
The post Coinbase to invest in Indian crypto and Web3 amid tax regulation clarity appeared first on BTC Ethereum Crypto Currency Blog.
According to data collected by market researcher YouGov on the Indian cryptocurrency bill, more than a third (36%) of urban Indians oppose the Government’s plan to regulate crypto assets. It has come to light that among the opposers the rate of people who own a digital asset is higher than that of those who don’t. […]
India’s first crypto Index called IC15 debuts on the super-app CryptoWire which will evaluate the performance of the 15 most widely traded cryptocurrencies listed on leading crypto exchanges by market capitalization. For the uninitiated, an index such as these, captures over 80 percent of market movement is essentially a market tracking and assessing tool. Through such […]
Fraudsters are increasingly exploiting Indian crypto investors, taking advantage of the craze for the digital asset industry despite regulatory uncertainty. As per sources, in March 2021, Kapil Singh, a 24-year-old employee at a private firm in the country’s capital Delhi, decided to invest in Bitcoin and Ethereum, through a US-based trading firm that seemed legitimate. […]
India’s Directorate General of GST Intelligence [DGCI] has raided several crypto exchanges operating in the country after detecting a tax evasion by Binance owned exchange WazirX two days ago. In what could be termed as a not-so-good start at the beginning of the year for the Indian crypto scene, the enforcement agency recovered around $9 […]
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.
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.
In the latest development, India’s crypto exchange maybe ask to appoint a local point of contact, similar to the new IT rules that require to have a Grievance Officer for social network entities operating in the country. This was revealed by industry insider Aritra Sarkhel, Director at Public policy and Government Affairs on WazirX. Sarkhel has […]
IPL or Indian Premier League was banned from taking part in crypto-related deals and associating themselves with cryptocurrency-based firms or exchanges. This order came from the Board of Control for Cricket in India (BCCI) which is the authority governing the sport. As per a report by ET, the teams are upset with the decision taken by the […]
Previous documents from the Indian government indicate that it believes any cryptocurrencies not issued by the government are considered private, and therefore could be banned.
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