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The chairman of India’s Parliamentary Standing Committee on Finance explains that cryptocurrency legislation in India will be “distinct and unique.” He added, “We have to balance stability and growth but we recognize how important this whole area of crypto is.” Lawmaker Provides an Update on Crypto Legislation Jayant Sinha, a lawmaker of the ruling Bharatiya … Read more
CrossTower is betting on the growing crypto market in India despite the uncertainty over the legal status of Bitcoin in the country. Go to Source Powered by WPeMatico
Former Deputy Governor of the RBI sees cryptocurrencies as a taxable asset or commodity. Go to Source Powered by WPeMatico
Following crypto exchange CoinDCX’s breakthrough to unicorn status this summer, CoinSwitch Kuber is rumored to be next in line – at a valuation close to twice that of its forerunner. Go to Source Powered by WPeMatico
India is reportedly working on a new way to regulate cryptocurrencies. “The government is planning to define cryptocurrencies in the new draft bill that also proposes to compartmentalise virtual currencies on the basis of their use cases,” according to a report. How India Will Regulate Cryptocurrencies India is reportedly planning to regulate cryptocurrencies as commodities … Read more
Mumbai-based crypto unicorn, CoinDCX, has become a member of the Advertising Standards Council of India, a non-governmental self-regulatory organization. Go to Source Powered by WPeMatico
According to Xiaomi India managing director Manu Jain, cryptocurrency is an “extremely interesting” area that is doing “exceptionally well.” Go to Source Powered by WPeMatico
On August 5, the Mi Store in Portugal announced that it was accepting cryptocurrencies including bitcoin, ethereum, tether, and dash. At the time, the Mi Store Portugal said it was working with the blockchain payments company Utrust in order to be more “inclusive.” However, the Mi Store parent company Xiaomi Corporation, which stems from China, … Read more
Users will be able to earn yield paid in BTC on all the rewards they’ve accumulated through the app. Go to Source Powered by WPeMatico
On Friday, the product comparison website Finder published the company’s August Cryptocurrency Ownership Report, which surveyed 42,040 citizens across 27 countries. The report ranks countries by digital currency adoption and it shows regions like Vietnam, Indonesia and India have the highest number of people who reported owning cryptocurrency. In Terms of Crypto Ownership Vietnam, Indonesia, … Read more