The delay in India’s cryptocurrency bill is justified, due to its complexityThe delay in India’s cryptocurrency and digital assets legislation is justified because of its complexity and the impact such a decision will have on investors and broader financial markets, said experts.In its current form, the Cryptocurrency and Regulation of Official Digital Currency Bill aims … Read more
New Delhi, India – Legal or not? While the status of cryptocurrencies in India is far from clear after the country’s annual budget, investors see hopeful signs that New Delhi is tentatively moving towards greater acceptance of the digital assets. Narendra Modi’s government said during the budget announcement on Tuesday that it will launch an official … Read more
Comparing the digital currency to inflation and climate change, Indian Prime Minister Narendra Modi has called for worldwide action on cryptocurrencies. As CoinDesk reported Monday (Jan. 17), Modi made his comments during the annual World Economic Forum Davos conference. “Cryptocurrency is an example of the kind of challenges we are facing as a global family … Read more
Torus Kling Blockchain IFSC, a 50:50 joint venture between Sam Ghosh promoted Cosmea Financial Holdings (CFH) and Kling Trading India, signed an MOU with India INX to launch India’s first Bitcoin and Ethereum Futures ETF and Metaverse US listed Large-cap Discount Certificates. Crypto-backed futures ETF This Bitcoin & Ethereum Futures ETF will be the first … Read more
According to an internal administrative circular viewed by CoinDesk, the upgrading of that unit into its own department is aimed at promoting innovation in the sector, identifying the challenges and opportunities associated with it and addressing them in a timely manner, and providing a framework for further research on the subject that can aid policy … Read more
Superapp CryptoWire recently launched India’s first cryptocurrency index, IC15, which will measure the performance of the 15 most widely traded cryptocurrencies listed on leading crypto exchanges by market capitalization. Mint explains its working and significance How is IC15 constructed? CryptoWire constituted an Index Committee of domain experts, industry practitioners, and academicians that will select cryptocurrencies … Read more
India’s tax authorities have conducted searches at some of India’s biggest cryptocurrency exchanges including “Coinswitch Kuber, CoinDCX, BuyUCoin, and Unocoin after what they deemed tax evasion of Rs. 40.5 Crores (400 million INR or 6 million USD approx.) was detected at cryptocurrency exchange WazirX, according to sources with direct knowledge of the searches. Source link
India has a weird relationship with cryptocurrencies. The government was twice set to introduce a crypto bill seeking to ban “all private cryptocurrencies” this year before backing out. Meanwhile, demand for these digital assets has exploded across the country amid the pandemic, and especially in 2021. India’s crypto market grew 641% from July 2020 to … Read more
Over the last year and a half, cryptocurrency as an investment asset has taken India and the world by storm. The success stories of those who got into the crypto scene about 7-8 years ago, made the rest of the world stand up and notice. The founders of CoinSwitch Kuber felt the shift in focus … Read more
There’s no denying that the Indian government shares a contentious relationship with cryptocurrencies, as was made clear recently when the government indicated that it plans on banning all private cryptocurrencies — a list that could potentially include just about every digital asset in the market today — after it had previously lifted all such restrictions … Read more
A worker sanitises the premises of the Taj Mahal in Agra on Saturday on December 4, 2021, joining efforts by civic and govt agencies to step up safety measures for the Omicron variant. (PTI Photo) Live news: India reported its fourth case of Omicron on Saturday when a 33-year-old man who had travelled to Mumbai … Read more
Investor from Delhi It was in 2018 that Akshat Gupta first decided to invest in the highly valued cryptocurrency. By then, the currency had been in existence for nine years, and the first transaction where two pizzas were bought in Florida in exchange for 10,000 BTC was eight years old. “A few friends of mine … Read more
The popular meme-inspired cryptocurrency Shiba Inu ($SHIB) is being listed on the retail-friendly platform of Indian cryptocurrency trading platform CoinDCX. Until now, SHIB was available in the platform in trade-only mode on the professionally-oriented CoinDCX Pro. According to a tweet from CoinDCX, the listing happened this Friday, November 12. CoinDCX is looking to onboard 50 … Read more
Representations of cryptocurrencies Bitcoin, Ethereum, DogeCoin, Ripple, Litecoin are placed on PC motherboard in this illustration taken, June 29, 2021. REUTERS/Dado Ruvic/Illustration/File Photo MUMBAI, Nov 1 (Reuters Breakingviews) – It’s easier and faster to buy bitcoin, ethereum and dogecoin in India than it is to order a pizza on food-delivery app Zomato (ZOMT.NS). That’s how … Read more
NEW DELHI: The number of active job openings in India’s blockchain industry has increased by 50 per cent since last year with 12,000 vacancies, according to Xpheno’s report, an Indian specialist talent solutions company. The annual salary in the crypto industry has shot up to Rs 80 lakhs for crypto experts with 8 to 10 … Read more