India to set maximum penalty for violating crypto norms at fine of $2.7 million or 1.5 years in jail
The country wishes to see all crypto activities take place on platforms regulated by SEBI. Go to Source Powered by WPeMatico
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Smart crypto policy could keep India’s tech dominance on top
Experts are fairly confident that the Indian government will most likely choose to regulate rather than ban its thriving crypto economy. Go to Source Powered by WPeMatico
Law Decoded: Bitcoin exchange-traded funds are put on the spot again, Nov. 29–Dec. 6
The Securities and Exchange Commission’s continued resistance to spot Bitcoin ETFs draws industry players’ ire. Go to Source Powered by WPeMatico
Major Indian bank breaks ‘banking ban’ with WazirX crypto exchange deal
Indian banks have reportedly been slow to accept the Supreme Court’s decision allowing them to do business with crypto firms. Go to Source Powered by WPeMatico
Indian Crypto Bill: Exchange CEO Discusses What to Expect
There are reports that the Indian government may impose restrictions on self-custodial cryptocurrency wallets and only allow Indian crypto exchanges. The CEO of a major cryptocurrency exchange in India has shared his thoughts on the possible restrictions. The Indian government has listed a cryptocurrency bill to be taken up in the current session of parliament. … Read more
India’s Cabinet Note Indicates No Crypto Ban — Government Will Regulate Crypto Assets: Report
India is no longer planning to ban cryptocurrency, a cabinet note circulated by the government reportedly indicates. Activities relating to crypto assets will be regulated by the Securities and Exchange Board of India (SEBI). Crypto Will Not Be Banned in India, Cabinet Note Indicates Despite reports of the Indian government planning to ban cryptocurrencies, NDTV … Read more
India to regulate, not ban, crypto: Cabinet documents
Indian crypto investors will reportedly be given a certain time frame to declare their crypto holdings, and must then hold their assets on crypto exchanges regulated by SEBI. Go to Source Powered by WPeMatico
Indian Finance Minister Reveals Crypto Bill Had to Be Reworked Before Submitting to Cabinet
India’s finance minister, Nirmala Sitharaman, has revealed that the previous version of the cryptocurrency bill the government is pushing needed to be reworked. “This bill, once the Cabinet clears, will come into the House,” the finance minister told Rajya Sabha, the upper house of India’s parliament. Indian Government Pushing New Crypto Bill Finance Minister Nirmala … Read more
India misinterpreted private crypto ban, says crypto bill creator
India’s former finance minister Subhash Garg clarified that “it is misleading to say that private cryptocurrencies will be banned.” Go to Source Powered by WPeMatico
Law Decoded: India ponders going full China on crypto, Nov. 22–29
The world’s sixth-largest economy could adopt a hardline stance against decentralized cryptocurrencies as soon as this winter. Go to Source Powered by WPeMatico
