“One of the reasons it is so successful is because it's simple,” he added while comparing the Unified Payments Interface’s (UPI) growth with blockchain technology.
Indian Government News
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The document, which could define a national framework for digital assets, is almost ready.
1914 - News
Halfway through 2022, at the proof-of-concept stage, RBI is in the process of verifying the feasibility and functionality of launching a CBDC.
4387 - Analysis
India’s “blockchain, not crypto” stance has led to disastrous crypto policies, forcing several thriving crypto firms to relocate.
2609 - 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.
3145 - News
“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.
2753 - News
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.
3844 - Analysis
Several Indian cryptocurrency projects are planning to move their bases to more crypto-friendly jurisdictions.
4112 - News
Coinbase Ventures will conduct an in-person pitching event in Bengaluru to help accelerate India’s financial inclusion goals via crypto and Web3 investments.
5626 - News
India’s new crypto tax policy, which is based on gambling and lottery ticket win tax rules, is set to come into effect on April 1.
9437 - News
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.
12672 - Newsletter
Some jurisdictions are introducing digital assets as tax payment options while others levy hefty taxes on crypto gains.
2972 - News
Under the framework, those conducting crypto transactions will be subject to a 30% tax starting on April 1, while the 1% TDS requirement will take effect on July 1.
2206 - Analysis
India’s crypto tax policy is set to become law on March 24. However, stakeholders believe it could eradicate small-time traders and derail the thriving industry.
2466 - News
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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