Indian crypto News

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.

“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.

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.

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.

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.

The new guidelines regulate the size and language of disclaimers while prohibiting portraying the market as a "get rich quick scheme."

The country's finance minister admitted to not having enough information to make a fateful call.

Anil Narasipuram, the husband, was initially motivated by blockchain marriages done in other countries.

The Indian tax department head said crypto taxation will help the department evaluate the exact depth of the digital asset market.

The Indian government said that it does not treat cryptocurrencies as illegal, clarifying that its transactions remain in a grey area.

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.

While the regulatory environment for cryptocurrencies in India is currently murky, the country has already witnessed an exponential rise in crypto popularity.

“The question for every nation is, do they want to participate and get a share of this pie,” says WazirX CEO Nischal Shetty.

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.

Telangana will launch the blockchain accelerator program in partnership with CoinSwitch Kuber and Lumos Labs.