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Industry insiders have expressed concerns about the high crypto tax in India despite the notable surge in Bitcoin prices, which led to significantly increased demand on cryptocurrency exchanges and substantial rises in trading volumes. CoinDCX, a popular Indian cryptocurrency platform,…
Indian Finance Minister Nirmala Sitharaman has taken a firm stance on Bitcoin (BTC) and other digital assets, emphasizing that they cannot be considered currencies.
For the Hindu festival of Holi, the Indian Railway Catering and Tourism Corporation (IRCTC) has introduced nonfungible tokens (NFTs) as tickets. These NFTs will be issued to passengers on the newly launched semi-high-speed Tejas Express trains 82501 and 82502 traveling…
Mudrex, a California-based crypto investment platform with Y-Combinator backing, has announced plans to make U.S. spot bitcoin exchange-traded funds (ETFs) available to both institutional and retail investors in India. CEO and co-founder Edul Patel highlighted the significance of this move,…
The Enforcement Directorate (ED) has taken a significant step in its ongoing investigation into a cryptocurrency scam by filing a charge sheet against 299 entities, including individuals of Chinese origin, under the anti-money laundering law. The charge sheet comes in…
Mumbai, the financial capital of India, has launched a metaverse initiative aimed at previewing and showcasing the city’s infrastructure developments. A new initiative called the Mumbai Metropolis Metaverse has launched offering 3D and virtual reality experiences of ongoing and future…
Dilip Asbe, the managing director of the National Payments Corporation of India (NPCI), recently voiced his support for the Reserve Bank of India’s (RBI) innovative central bank digital currency (CBDC) initiatives. Speaking at a panel during Mumbai Tech Week, Asbe…
Indian eSports startup STAN has partnered with Aptos Labs to launch an eSports fandom platform. According to a post on the X Aptos account, together with STAN, the companies will bring the scalability and performance of Aptos to the eSports…
Reserve Bank of India (RBI) Governor Shaktikanta Das recently announced plans to enhance the adoption of the central bank digital currency (CBDC), the digital rupee, by exploring offline functionalities. These measures aim to facilitate transactions in areas with limited internet…
In a significant move reflecting the growing scrutiny on cryptocurrency operations, Google has removed several cryptocurrency-related applications from its Play Store in India.
Following Apple's removal of crypto exchanges from its India app store, Binance has reassured users that accounts and funds remain secure.
After India introduced a 30% tax on crypto profits and a 1% TDS on transactions, local crypto traders started shifting their funds to offshore exchanges.
India’s Ministry of Finance issued compliance show cause notices to Binance and eight other offshore exchanges for operating illegally against anti-money laundering policies.Â
In a distressing disclosure, a 53-year-old Indian engineer recently fell prey to a cryptocurrency investment scam that resulted in a loss of Rs 95 lakh — equivalent to US$114,230. The unsuspecting victim, who lives in the Indian city of Bengaluru,…
Indian officials, aligned with the RBI, say the regulator has not changed its stance on crypto emphasizing an outright ban. The Reserve Bank of India (RBI) remains convinced that cryptocurrencies should be banned. The officials, who spoke on the condition…
The Institute of Electrical and Electronics Engineers is adopting Avalanche blockchain to issue secure, tamper-proof certificates in India, enhancing digital credentialing.