Existing Indian law could impose 2% levy on crypto bought from offshore exchanges
Existing law in India could mandate a 2% levy on cryptocurrency purchases from offshore-based exchanges servicing India’s market. Go to Source Powered by WPeMatico
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Zebpay will join organization proposing regulatory framework for crypto in India
“Crypto exchanges want to be part of IndiaTech because we have moved the needle in the past few months on the narrative and perception of this industry,” said Rameesh Kailasam. Go to Source Powered by WPeMatico
Proposed crypto ban legislation reportedly under review by India’s government
Authorities in India are reportedly weighing up options concerning crypto regulations in the country. Go to Source Powered by WPeMatico
Indian Government May Regulate Crypto as Asset Class: Report
India may be regulating crypto as an asset class under the purview of the Securities and Exchange Board of India (SEBI). In addition, a crypto bill is likely to be introduced during the Monsoon session of parliament, local media reported. Indian Government Reportedly Considers Regulating Crypto as an Asset Class The Indian government has yet … Read more
Binance-owned Indian exchange WazirX investigated for alleged AML failings
India’s Enforcement Directorate will probe crypto exchange WazirX for alleged violations of AML laws and FEMA, in connection with crypto transactions worth $389 million. Go to Source Powered by WPeMatico
Major Cryptocurrency Exchanges Explore Entering Indian Crypto Market
Several major global cryptocurrency exchanges are reportedly exploring ways to enter the Indian crypto market. “The Indian market is huge and it is only starting to grow, if there was more policy certainty by now Indian consumers would have been spoilt for choice in terms of exchanges because everyone wants to be here,” said an … Read more
India to reportedly ditch Bitcoin ban agenda in favor of asset classification
Indian state officials are reportedly no longer keen on banning Bitcoin and a crypto regulatory bill may be up for discussion during the Monsoon Session of Parliament. Go to Source Powered by WPeMatico
Crypto exchange giants mulling India foray despite regulatory uncertainty
Kraken, Bitfinex and KuCoin could become the next major crypto exchanges to attempt to service India’s estimated 15 million crypto investors. Go to Source Powered by WPeMatico
Lawmakers should treat crypto like gold or real estate: Indian tech magnate
Indian tech mogul, Nandan Nilekani, believes the country should be seeking to attract investment from the $1.7 trillion crypto asset industry. Go to Source Powered by WPeMatico
India’s Central Bank RBI Still Has ‘Major Concerns’ About Crypto After Saying Ban No Longer Valid
The governor of the Reserve Bank of India (RBI), Shaktikanta Das, has clarified the central bank’s position regarding cryptocurrency. His statements followed a notice published by the RBI telling banks that its crypto banking restriction is no longer valid and cannot be cited. RBI Still Has Major Concerns About Crypto RBI Governor Shaktikanta Das clarified … Read more