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Crypto exchange Vauld has become the latest target as India‘s Enforcement Directorate or ED froze assets worth Rs 370 crore [$46 million] on 11 August. The move comes at a time when the Singapore-based startup filed for bankruptcy after citing “financial difficulties” a month ago. In a statement to TronWeekly, Vauld said, “We are still […]
Indian policymakers’ heavy-handedness towards crypto has left the sector high and dry. Trading has almost come to a halt and several industry bigwigs are flocking to friendlier nations while others chose to stay back hoping for some change in the government’s policy. Ironically things don’t look good in the near short term. But that has […]
In a major development, leading US-based cryptocurrency exchange Coinbase has decided to leave the Indian market within three days of its launch. Brian Armstrong, the co-founder, and chief executive said because of “informal pressure from the government and the Reserve Bank of India”. On April 7, Coinbase launched its crypto trading service in India which allowed its clients […]
In a major development, leading US-based cryptocurrency exchange Coinbase has decided to leave the Indian market within three days of its launch. Brian Armstrong, the co-founder, and chief executive said because of “informal pressure from the government and the Reserve Bank of India”. On April 7, Coinbase launched its crypto trading service in India which allowed its clients […]
India’s crypto exchange Bitbns became the first among its peers in the country to list metaverse token ‘TRACE’ on its platform. The popular metaverse token is part of the Trace Network Labs, known for augmenting digital avatars. One of the asset’s several use cases is its ability to grant network users governance control over the […]
India’s crypto exchange Bitbns became the first among its peers in the country to list metaverse token ‘TRACE’ on its platform. The popular metaverse token is part of the Trace Network Labs, known for augmenting digital avatars. One of the asset’s several use cases is its ability to grant network users governance control over the […]
According to data collected by market researcher YouGov on the Indian cryptocurrency bill, more than a third (36%) of urban Indians oppose the Government’s plan to regulate crypto assets. It has come to light that among the opposers the rate of people who own a digital asset is higher than that of those who don’t. […]
India’s first crypto Index called IC15 debuts on the super-app CryptoWire which will evaluate the performance of the 15 most widely traded cryptocurrencies listed on leading crypto exchanges by market capitalization. For the uninitiated, an index such as these, captures over 80 percent of market movement is essentially a market tracking and assessing tool. Through such […]
India’s Directorate General of GST Intelligence [DGCI] has raided several crypto exchanges operating in the country after detecting a tax evasion by Binance owned exchange WazirX two days ago. In what could be termed as a not-so-good start at the beginning of the year for the Indian crypto scene, the enforcement agency recovered around $9 […]
In the latest development, India’s crypto exchange maybe ask to appoint a local point of contact, similar to the new IT rules that require to have a Grievance Officer for social network entities operating in the country. This was revealed by industry insider Aritra Sarkhel, Director at Public policy and Government Affairs on WazirX. Sarkhel has […]
IPL or Indian Premier League was banned from taking part in crypto-related deals and associating themselves with cryptocurrency-based firms or exchanges. This order came from the Board of Control for Cricket in India (BCCI) which is the authority governing the sport. As per a report by ET, the teams are upset with the decision taken by the […]
Amidst the huge regulators’ involvement and FUD, Indian crypto exchanges witnessed a sudden panic selling which resulted in a midnight crash dumping the dollar-linked stable coin tether (USDT) by 25% to nearly 60 Indian Rupees ($0.8061). This happened just after the news on the cryptocurrency bill went viral on Wednesday. The global crypto market has […]
India’s top cryptocurrency exchanges dished out more than $6 million in advertisements and other promotional activities for the ICC World Cup Cricket tournament 2021. According to information provided by Tam Sports, India’s first crypto exchange unicorn CoinDCX was the biggest spender of all. It spent a total of over $5 million in broadcasting at least […]
India’s Prime minister Narendra Modi presided over a high-level meeting, discussing ways to manage the burgeoning cryptocurrency sector. The meeting, as per the government sources, was the result of detailed consultation held with the Reserve Bank of India, the Finance Ministry, as well as domestic and international experts. Sources revealed that an agreement was reached […]
India’s leadership is contemplating how to take a balanced stance on cryptocurrencies. The government is in the process of finalizing legislation on the crypto-asset industry which may be presented this year in the coming winter session of Parliament. A source close to the administration revealed that an absolute ban on cryptocurrency would be extreme and […]
The latest announcement by Chinese central bank, People’s Bank of China [PBoC] with regards to making all crypto transactions illegal has sent Indian investors into massive sell-offs. Cardano [ADA], Polygon [Matic], and Solana [SOL] have been investor favorites for quite some time but the latest news witnessed many market players cashing out. As many resorted […]
India’s finance minister, Nirmala Sitharaman, said during her official visit to the U.S. that crypto regulation is a very important part of the discussion by the G20 countries given “so many collapses and shocks in cryptocurrencies.” She stressed: “We seek to develop a common framework for all countries to deal with this matter.” India Seeks
The post India Seeks Common Crypto Framework for All Countries to Deal With ‘Many Collapses and Shocks in Cryptocurrencies’ appeared first on BTC Ethereum Crypto Currency Blog.
The Indian government has responded to parliamentary questions about the legalization of cryptocurrency and the steps it has taken to prevent crypto-related fraud. “Crypto assets are currently unregulated in India. Frauds relating to crypto are dealt with under extant laws against fraud and cybercrime,” the Minister of State for the Ministry of Finance told parliament. [...]
The post Indian Government Answers Questions About Crypto Legalization, Fraud Prevention appeared first on Crypto Breaking News.
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