Indian government’s ‘blockchain not crypto’ stance highlights lack of understanding
India’s “blockchain, not crypto” stance has led to disastrous crypto policies, forcing several thriving crypto firms to relocate. Go to Source Powered by WPeMatico
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India’s Central Bank RBI Warns Crypto Could Lead to Dollarization of Economy
India’s central bank, the Reserve Bank of India (RBI), has expressed concerns that cryptocurrencies could lead to the dollarization of a part of the Indian economy. “It will seriously undermine the RBI’s capacity to determine monetary policy and regulate the monetary system of the country.” RBI’s Crypto Warnings and Dollarization of Economy The Reserve Bank … Read more
Indian central bank’s ‘informal pressure’ disrupted payments: Coinbase CEO
“I guess we have a concern that [the Reserve Bank of India] may be actually in violation of the Supreme Court ruling,” said Coinbase CEO Brian Armstrong. Go to Source Powered by WPeMatico
Indian central securities depository to back up its monitoring of bonds by blockchain
In the future, India’s NDSL and the Securities Board division will welcome other entities to join the decentralized network. Go to Source Powered by WPeMatico
Indian IT Ministry directs crypto exchanges to store user data for 5 years
The new directives for VPN service providers and crypto exchanges would require them to collect critical private information as well as the ownership patterns of customers. Go to Source Powered by WPeMatico
Binance to drive crypto and blockchain awareness among Indian investors
Binance also highlighted that Indian regulators and policymakers cite the lack of education as an area of concern, hindering crypto’s widespread adoption in the region. Go to Source Powered by WPeMatico
IMF: India Is on the Frontline of Digital Currencies — Especially How It Handles Crypto Risks
International Monetary Fund (IMF) Managing Director Kristalina Georgieva says India is “a country that is on the frontline of digital currencies,” especially “how it handles a reduction of risk from crypto assets for the Indian people and businesses.” She met with Indian Finance Minister Nirmala Sitharaman to discuss crypto regulation. IMF’s Chief Comments on Indian … Read more
Study: Switzerland Has ‘the Most Profitable Bitcoin Traders’ Worldwide, While France ‘Is the Best Bitcoin Trading Nation’
According to a recent study published by the online investing news and education platform Invezz, Switzerland currently has the most profitable bitcoin traders worldwide. That’s according to data stemming from Chainalysis, Worldometers, and Triple A, which helped Invezz assign each country a score in terms of the most profitable bitcoin trading by country. Researchers Rank … Read more
Brain drain: India’s crypto tax forces budding crypto projects to move
Several Indian cryptocurrency projects are planning to move their bases to more crypto-friendly jurisdictions. Go to Source Powered by WPeMatico
Indian minister wants global crypto rules to curtail money laundering risk
India is yet to finalize a crypto regulatory framework despite assurances of a speedy draft law over the past few years. Go to Source Powered by WPeMatico
