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The Indian government has answered three sets of questions in parliament regarding bitcoin transactions, the high-profile bitcoin scam in Karnataka, and the legality of cryptocurrency trading and crypto exchanges in India. Meanwhile, the winter session of parliament has begun and a crypto bill is expected to be taken up during this session. Indian Government Answers … Read more
CoinDCX reached a $1.1 billion valuation by raising $90 million in a Series C funding round in August. Go to Source Powered by WPeMatico
Singapore’s Coinstore crypto exchange has allotted $20 million for opening up three new offices in the Indian market. Go to Source Powered by WPeMatico
The founder of Paytm, a major digital payment company in India, is “very positive about crypto.” Noting that cryptocurrency is here to stay, he expects it to become a mainstream technology in a few years. Paytm Founder Is ‘Very Positive About Crypto’ Vijay Shekhar Sharma, the founder of Paytm, said at a virtual conference organized … Read more
Ever since the Indian government listed a cryptocurrency bill to be taken up in parliament during the upcoming session that starts next week, much debate has transpired about whether the government will ban cryptocurrencies, such as bitcoin and ether. Crypto Regulation Is Coming but There Are Conflicting Accounts About What Is In It Indian crypto … Read more
Previous documents from the Indian government indicate that it believes any cryptocurrencies not issued by the government are considered private, and therefore could be banned. Go to Source Powered by WPeMatico
The government of India has listed a cryptocurrency bill to be taken up in the upcoming session of parliament that starts next week. The bill seeks to prohibit cryptocurrencies with some exceptions. It will also create a facilitative framework for a digital rupee to be issued by the Reserve Bank of India (RBI). Indian Government … Read more
The token prices on the Indian crypto exchange WazirX crashed following the announcement of a bill that would ban all private crypto. Go to Source Powered by WPeMatico
The Cryptocurrency and Regulation of Official Digital Currency Bill is one of 26 new pieces of legislation for India’s lower house of parliament to consider when it convenes on Nov. 29. Go to Source Powered by WPeMatico
India is reportedly considering allowing only preapproved cryptocurrencies to be listed and traded on exchanges. In addition, the government aims to both introduce and pass a cryptocurrency law by year-end. Indian Crypto Regulation and Preapproved Cryptocurrencies India is considering allowing only cryptocurrencies that have been “preapproved by the government” to be listed and traded on … Read more
