India’s Crypto Trading Volume Plunges Further as Mobikwik Stops Payment Service

India's Crypto Trading Volume Plunges Further as Mobikwik Stops Payment ServiceCryptocurrency trading volumes in India have plunged further across exchanges as traders mull over the 30% crypto taxation. In addition, popular payment service provider Mobikwik has stopped service to exchanges. Crypto Trading Volume in India Plunges Further Cryptocurrency trading volume in India continues to slide after the government began taxing crypto income at 30% without […]

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Indian Government Reveals 11 Crypto Exchanges Investigated for Tax Evasion, $13 Million Recovered

Indian Government Reveals 11 Crypto Exchanges Were Investigated for Tax Evasion, $13 Million RecoveredThe Indian government has revealed that 11 cryptocurrency exchanges have been under investigation by the country’s tax authority. About 95.86 crore rupees ($12.6 million) have been recovered from them. 11 Crypto Exchanges Investigated for Tax Evasion The Indian government answered some questions regarding the taxation of cryptocurrency exchanges Monday in Lok Sabha, the lower house […]

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Indian Crypto Boom: Exchanges See 10X Trading Volumes During Lockdown

Indian Crypto Boom: Exchanges See 10X Trading Volumes During LockdownIndia’s cryptocurrency sector is booming during the extended nationwide lockdown. Several Indian cryptocurrency exchange executives have shared with news.Bitcoin.com their record-breaking stats, bullish trends, and positive sentiment despite the coronavirus-driven lockdown. Growing Interest in Cryptocurrency in India as Lockdown Extends India recently extended its nationwide lockdown by another fortnight due to the coronavirus outbreak. While […]

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Indian Government Reveals Inspection of Bitcoin Businesses, Informs Parliament of Results

Indian Government Reveals Inspection of Bitcoin Businesses, Informs Parliament of ResultsThe government of India has informed Lok Sabha, the lower house of parliament, about the Ministry of Corporate Affairs’ inspection of cryptocurrency businesses. Minister of State for Finance and Corporate Affairs Anurag Singh Thakur provided details of two companies in particular. This follows the landmark ruling by the country’s supreme court which quashed the banking […]

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Indian Supreme Court Rules in Favor of Cryptocurrency — RBI Ban Lifted

[Breaking] Indian Supreme Court Rules in Favor of Cryptocurrency Industry — RBI Ban LiftedA historic day for the Indian crypto community, the supreme court has finally ruled on the case against the banking ban by the central bank, the Reserve Bank of India (RBI). The court held that the RBI circular which places a banking ban on the crypto industry is unconstitutional. Also read: Hearing Concluded — Indian […]

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