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The Indian state of Telangana plans to establish the country’s ostensibly first blockchain district by offering tax relief, resource subsidies, and financial grants to start-ups Go to Source Powered by WPeMatico
An Indian supreme court advocate has shared some thoughts on the kind of cryptocurrency regulation India can benefit from. The right regulatory framework “would ensure transparency, oversight and accountability,” but a “one size fits all” regulation would be a mistake, she explains. Meanwhile, the Indian crypto community and industry bodies have urged the central bank … Read more
The Indian crypto community is undeterred by the widespread rumor that its government is discussing a bill which could ban some cryptocurrencies. Local crypto exchanges have revealed to news.Bitcoin.com that their trading volumes have been increasing despite this report. Meanwhile, experts have weighed in on this possible bill, and another crypto exchange may be shutting … Read more
Indian cryptocurrency exchange Coinome has announced it will be halting operations as of May 15, ostensibly due to regulatory difficulties Go to Source Powered by WPeMatico
“Either they can join the bandwagon or they can be left aside and cryptocurrencies will survive, with or without the government,” India’s crypto community remain defiant in face of a potential ban Go to Source Powered by WPeMatico
Indian technology company Tech Mahindra announced it will be implementing an anti-spam call solution based on blockchain technology Go to Source Powered by WPeMatico
The Indian government has engaged in numerous crypto-related initiatives and projects while actively drafting the regulatory framework for cryptocurrencies. Below are 11 crypto-specific initiatives that the government has been involved in. Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request Committee to Draft Crypto Law An interministerial committee under the chairmanship of Subhash … Read more
Twenty-four financial authorities and 11 international organizations, including the International Monetary Fund and the World Bank, recently gathered in New York and discussed global standards of crypto regulation. “It is important to consistently implement international standards,” said the chairman of South Korea’s top financial regulator who attended the meeting. Also read: Indian Supreme Court Postpones … Read more
Regulatory measures affecting blockchain and cryptocurrency projects often create a panic reaction among community members. In most cases, any regulatory measure will ultimately lead to either restricting or banning a specific type of activity. In India, a new proposal has been submitted to effectively prohibit cryptocurrency trading and use, although it has yet to be … Read more
The Indian government has been progressing on cryptocurrency regulation. A recent report from the Ministry of Finance confirms some recommendations. Meanwhile, local media reported Friday that a draft bill on the regulatory framework for cryptocurrencies is being circulated among relevant government departments. Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request Ministry of … Read more