Cion Digital secures funds to expand blockchain orchestration platform
The company raised $12 million in seed capital to further its crypto-based financing solutions. Go to Source Powered by WPeMatico
India
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Indian Authorities Raid Cryptocurrency Exchanges for Tax Evasion
India’s Directorate General of GST Intelligence (DGGI) reportedly raided major cryptocurrency exchanges Saturday. Their offices were searched and “massive goods and services tax (GST) evasion has been detected by DGGI.” Tax Authorities Say Cryptocurrency Exchanges Have Been Evading GST Tax India’s Directorate General of GST Intelligence (DGGI) reportedly raided major cryptocurrency exchanges across the country … Read more
Indian taxman recovers $6.62M from WazirX for evading tax on commission
Government officials from CGST Mumbai Zone recovered the funds from crypto exchange WazirX after detecting a GST evasion of $5.43 million on trade commissions. Go to Source Powered by WPeMatico
Indian Regulator SEBI Wants Mutual Funds to Stay Away From Crypto Investments Until Legislation Is Finalized
The Securities and Exchange Board of India (SEBI) has reportedly asked mutual fund companies not to get involved or invest in any type of crypto asset-based investments until the Indian government has come up with cryptocurrency legislation. SEBI Asks Mutual Fund Companies to Wait for Crypto Legislation The chairman of the Securities and Exchange Board … Read more
SEBI chief warns Indian mutual funds on investing in cryptocurrency offerings
While the regulatory environment for cryptocurrencies in India is currently murky, the country has already witnessed an exponential rise in crypto popularity. Go to Source Powered by WPeMatico
$2.5T crypto market will not wait for nations to onboard: WazirX CEO
“The question for every nation is, do they want to participate and get a share of this pie,” says WazirX CEO Nischal Shetty. Go to Source Powered by WPeMatico
Law Decoded: Three regulatory trends of 2021, Dec. 20–27
The year past saw some fundamental transformations in the relationship between state power and the digital asset space. Go to Source Powered by WPeMatico
Indian police commissioner issues a public warning against crypto frauds
On behalf of the Hyderabad City Police, Addl. Commissioner Shikha Goel asked Indian citizens to invest in crypto only through reputed and long-established players in this field. Go to Source Powered by WPeMatico
Former Finance Secretary Doubts Indian Government Understands Crypto
The Indian government has not introduced the cryptocurrency bill that was listed to be taken up in the winter session of parliament. Former Finance Secretary Subhash Chandra Garg says he has no confidence in the ability of the Indian government to figure out crypto. Garg headed the inter-ministerial committee that drafted the original crypto bill … Read more
Indian parliament’s agenda for winter session no longer includes crypto bill
The Cryptocurrency and Regulation of Official Digital Currency Bill doesn’t appear among the bills that India’s lower house will consider as it concludes the winter session. Go to Source Powered by WPeMatico
