Crypto “will seriously undermine the RBI’s capacity to determine monetary policy and regulate the monetary system of the country,” according to Reserve Bank of India officials.
Indian crypto News
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“I guess we have a concern that [the Reserve Bank of India] may be actually in violation of the Supreme Court ruling,” said Coinbase CEO Brian Armstrong.
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The new directives for VPN service providers and crypto exchanges would require them to collect critical private information as well as the ownership patterns of customers.
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Binance also highlighted that Indian regulators and policymakers cite the lack of education as an area of concern, hindering crypto’s widespread adoption in the region.
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In partnership with LegitDoc, the Maharashtra government is in the process of rolling out 65,000 caste certificates to aid the process of delivering governmental schemes and benefits.
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The new guidelines regulate the size and language of disclaimers while prohibiting portraying the market as a "get rich quick scheme."
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The country's finance minister admitted to not having enough information to make a fateful call.
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Anil Narasipuram, the husband, was initially motivated by blockchain marriages done in other countries.
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The Indian tax department head said crypto taxation will help the department evaluate the exact depth of the digital asset market.
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The Indian government said that it does not treat cryptocurrencies as illegal, clarifying that its transactions remain in a grey area.
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Government officials from CGST Mumbai Zone recovered the funds from crypto exchange WazirX after detecting a GST evasion of $5.43 million on trade commissions.
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While the regulatory environment for cryptocurrencies in India is currently murky, the country has already witnessed an exponential rise in crypto popularity.
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“The question for every nation is, do they want to participate and get a share of this pie,” says WazirX CEO Nischal Shetty.
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On behalf of the Hyderabad City Police, Addl. Commissioner Shikha Goel asked Indian citizens to invest in crypto only through reputed and long-established players.
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Telangana will launch the blockchain accelerator program in partnership with CoinSwitch Kuber and Lumos Labs.
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