60,000 Indians Petition Government to Lower Crypto Tax to Avoid ‘Devastating Impact’

60,000 Indians Petition Government to Lower Crypto Tax to Avoid 'Devastating Impact'Many Indians have signed a petition for the government to introduce reasonable crypto tax policies. This week, India’s finance minister, Nirmala Sitharaman, proposed taxing crypto income at 30%. Indians Sign Petition Urging Government to Rethink Crypto Tax Proposal A petition has been initiated on Change.org for the government of India to “introduce reasonable crypto tax […]

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India’s Prime Minister Modi: Digital Rupee Will Strengthen Digital Economy, Revolutionize Fintech

India's Prime Minister Modi: Digital Rupee Will Strengthen Digital Economy, Revolutionize FintechIndia’s prime minister, Narendra Modi, says an Indian central bank digital currency will strengthen the digital economy. The digital rupee will also revolutionize the fintech sector by creating new opportunities and lessening the burden of handling, printing, and the logistics of cash management, the prime minister reportedly explained. India’s Prime Minister Modi Sees Benefits of […]

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Indian Government to Make Additional Changes to Crypto Bill: Report

Indian Government to Make More Changes to Indian Crypto Bill: ReportThe Indian government is reportedly making additional changes to the country’s crypto bill. The bill, which is listed for the current session of parliament, may be taken up in the budget session instead. According to reports, the government could also “consider bringing an ordinance or special order after the session.” Indian Crypto Bill Needs More […]

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Prime Minister Modi’s Twitter Account Hacked — Tweets Bitcoin Legal Tender in India, Government Giving Away BTC

Prime Minister Modi’s Twitter Account Hacked — Tweets Bitcoin Legal Tender in India, Government Giving Away BTCThe Twitter account of Indian Prime Minister Narendra Modi was comprised and a tweet was posted claiming that the government of India has adopted bitcoin as legal tender and purchased 500 coins to distribute to all residents in the country. This hack came at a critical time in India as the government is actively working […]

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Indian Prime Minister Modi Tells President Biden’s Summit: Cryptocurrency Should Be Used to Empower Democracy

Indian Prime Minister Modi Tells President Biden's Summit: Cryptocurrency Should Be Used to Empower DemocracyIndia’s Prime Minister Narendra Modi talked about cryptocurrency at a recent Summit for Democracy hosted by U.S. President Joe Biden. He called for global collaboration on cryptocurrencies “so that they are used to empower democracy, not to undermine it.” Prime Minister Narendra Modi Talks About Crypto at President Joe Biden’s Summit for Democracy President Joe […]

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Hindu Paramilitary Group Calls on Indian Government to Regulate Cryptocurrencies

Hindu Paramilitary Group Calls on Indian Government to Regulate CryptocurrenciesHindu nationalist group Rashtriya Swayamsevak Sangh (RSS) has called on the Indian government to regulate cryptocurrencies. “The government has to ensure that it is regulated in the larger interest of the society,” the group reportedly said. Rashtriya Swayamsevak Sangh Calls for Crypto Regulation Mohan Bhagwat, head of the Rashtriya Swayamsevak Sangh (RSS), said during his […]

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Covid-19 Forces Indians to Embrace Digital Payments but Country Still Lacks Crypto Regulation

Covid-19 Forces Indians to Embrace Digital Payments but Country Still Lacks Crypto RegulationThe global pandemic Covid-19 is forcing Indians to resort to digital payment platforms when settling bills as well as paying for groceries. Before the Covid-19 outbreak, Indian citizens largely ignored a 2016 government decree that attempted to achieve the same, reports The Economic Times of India. The news site reports that the value of transactions […]

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India Bitconnect Head Arrested

India Bitconnect Head ArrestedAlleged India Bitconnect head, Divyesh Darji, was arrested this week at a airport in Delhi as he arrived from Dubai. He and conspirators are accused of bilking millions of dollars (Rs 88,000 crore) from Indian investors seeking to find financial refuge during the government’s demonetization campaign. Also read: Report: 15,000 Twitter Crypto Scam Giveaway Bots […]

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