Crypto vs. RBI: India’s Banking Bitcoin Battle Shows No Sign of Letting Up
India’s banking system has taken a harsh stance against cryptocurrencies as banks dig their heels in against crypto Go to Source Powered by WPeMatico
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Indian Government Considering 18% Retroactive Tax on Crypto Trading, Mining
The government of India is reportedly considering levying a type of consumption tax on cryptocurrency trading and even mining. The most grievous part of this proposal is that it may also be a retroactive measure, demanding payments for past actions. Also Read: Economics Nobel Laureate Robert Shiller Examines Bitcoin in Historical Context Crypto Sales Tax The … Read more
India Considers Taxing Cryptocurrency at 18% As ‘Intangible Property’: Reports
India considers taxing cryptocurrency transactions despite the central bank ban remaining in place Go to Source Powered by WPeMatico
Bitcoin in Brief Monday: New EU Rules Kill Another Crypto Venture
The upcoming implementation of a major regulatory push by the European Union to control how companies can operate on the Internet has killed another venture in the cryptocurrency sphere. This story, astrology-based financial investment, and many more feature in today’s edition of Bitcoin in Brief. Also Read: Marvel, The Simpsons Go Crypto Parity Shuts Down … Read more
Five Petitions Pile Up Against India’s Crypto Crackdown – High Courts Ordered to Ignore
Five writ petitions have now been filed against the order by the Reserve Bank of India (RBI) banning banks from providing services to entities dealing with cryptocurrencies. The country’s Supreme Court has set a date to hear all petitions but has barred all other courts from accepting any new ones. Also read: US State Issues Emergency … Read more
India: Seven Major Banks Begin Testing Blockchain Trade Finance Platform
7 major banks have formed India Trade Connect to test IT multinational InfoSys’ blockchain platform Go to Source Powered by WPeMatico
Bitcoin in Brief Friday: UN Backs Crypto-Solar Project in Moldova, Malta Uses Blockchain in Public Transportation
Today’s Bitcoin in Brief features several examples of harnessing crypto and blockchain technologies to improve quality of life around the world. The United Nations is involved in a crypto-funded project to power Moldova’s Technical University with solar energy. Initiatives in Malta and India will employ blockchain technologies to create more reliable public transportation and land … Read more
Indian Developers Need Retraining to Qualify for Blockchain Jobs
A lot of coders and developers have shifted their attention from traditional projects to cryptocurrency and blockchain technology. There is an abundance of job opportunities out there right now for freelance coders. In India, it seems close to 5,000 software developers could work in these industries. It’s positive news, but the demand for qualified coders will only … Read more
Pakistanis Find Ways to Trade Bitcoin Rendering Ban Ineffective
The crypto ban in Pakistan is proving to be not as effective as expected. If anything, the State Bank has barred commercial banks and financial firms from dealing in cryptocurrency which, of course, makes life harder for local exchanges. Individual traders, however, are finding alternative ways to acquire or sell cryptocurrencies, defying the warnings and … Read more
India’s Supreme Court Keeps Ban on Banks’ Crypto Services, For Now
According to a team of Indian lawyers, the Supreme Court of India refused request for a temporary injunction against restrictions imposed on banks regarding cryptocurrency by the country’s central bank. The Reserve Bank of India (RBI) issued a circular essentially banning crypto services, which will remain in place at least until a formal hearing. Also … Read more
