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India’s advertising authority has come down hard on adverts for cryptocurrency-related products and services, which have inundated television screens in recent months touting quick money, simple trading, stable returns, and more. The Advertising Standards Council of India (ASCI) has published regulations for commercials including crypto or virtual digital assets. These guidelines will take effect on or […]
A Pre-budget expectation survey by Grant Thornton showed a growing demand for increasing regulatory focus on the cryptocurrency sector by the Indian government. Approximately 79 percent of respondents believe that the focus of Budget FY23 should be on regulating cryptocurrencies and NFTs. Vivek Iyer, a financial services partner at Grant Thornton Bharat stated: “The market […]
India’s Prime Minister Narendra Modi at the recently held World Economic Forum pushed for a ‘collective and synchronized global action’ in terms of regulating blockchain-backed digital currencies. Speaking through a video conference at the Davos Agenda 2022 event, Modi deemed cryptocurrency as a challenge to the changing global order and compared it with supply-chain disruption, […]
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. […]
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 […]
The cryptocurrency bill that was ideally scheduled to be discussed in the Indian Parliament today has been delayed, this procrastination was a foreseen one. The other probability for the discussion of the bill and the cabinet approval would be the last day of the winter session, 22 December 2021. It seems like the most awaited […]
A leading Indian crypto exchange Unocoin finally lists the two most popular meme coins Shiba Inu [SHIB] and Dogecoin [DOGE] according to an announcement made on 13th December 2021 on the platform’s Twitter handle. The latest listing comes after a month when CoinDCX, India’s first crypto unicorn, announced the addition of Shiba Inu into its […]
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