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India

India’s Reserve Bank concerned digital currencies will impact financial stability
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27 February, 2021

India’s Reserve Bank concerned digital currencies will impact financial stability

Reserve Bank of India Governor Shaktikanta Das said the central bank has “major concerns” regarding digital currencies.
India securities regulator tells firms to sell digital currency holdings before IPO
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26 February, 2021

India securities regulator tells firms to sell digital currency holdings before IPO

India’s securities regulator has said firms will be expected to sell off any holdings in digital currency before going public...
India gov’t proposes 2 new taxes despite pending digital currency ban
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19 February, 2021

India gov’t proposes 2 new taxes despite pending digital currency ban

The measures would apply from the 2020-21 tax year, and are expected to be brought in by a circular, according...
Investors to get reprieve as India gears up for total ban on digital currencies: report
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15 February, 2021

Investors to get reprieve as India gears up for total ban on digital currencies: report

The ban will reportedly be enforced in phases, giving digital currency owners the opportunity to sell all their holdings.
India to bypass parliament for a bill that could ban digital currencies
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13 February, 2021

India to bypass parliament for a bill that could ban digital currencies

The “Cryptocurrency and Regulation of Digital Currency Bill 2021” was proposed recently by the Indian government.
India to explore blockchain, Bitcoin still not legal tender: finance minister
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5 February, 2021

India to explore blockchain, Bitcoin still not legal tender: finance minister

Minister Anurag Singh Thakur recently clarified the government’s position on blockchain technology, the development of a digital rupee and the...
India proposes banning Bitcoin and developing a digital rupee
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4 February, 2021

India proposes banning Bitcoin and developing a digital rupee

India’s digital currency industry faces an uncertain future, with a proposed draft bill threatening to impose a blanket ban on...
India’s central bank exploring the need for digital currency
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30 January, 2021

India’s central bank exploring the need for digital currency

In a recent outlook on payments in the digital era, the bank justified its earlier apprehension, but revealed that it’s...
Indian police arrest alleged BTC scammer, seizing $1.2 million
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24 January, 2021

Indian police arrest alleged BTC scammer, seizing $1.2 million

Authorities in the city of Bengaluru announced they had detained a man named Srikrishna on suspicion of hacking into government...
India police arrest man allegedly behind $340,000 digital currency scam
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7 January, 2021

India police arrest man allegedly behind $340,000 digital currency scam

Umesh Verma launched Pluto Exchange in November 2017, which allegedly issued Coin Zarus that the company promised would only appreciate...
India proposes 18% tax on digital currency trading
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31 December, 2020

India proposes 18% tax on digital currency trading

The central government believes that the industry could provide up to $1 billion worth of taxes once the taxes are...
India wants to tax digital currency earnings: report
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9 December, 2020

India wants to tax digital currency earnings: report

The government’s tax agency is reportedly monitoring the industry, seeking to impose as much as 30% tax on digital currency...