Interview: Yesha Yadav on ABC of Donald Trump’s new crypto world
2 months, 1 week ago

Interview: Yesha Yadav on ABC of Donald Trump’s new crypto world

Hindustan Times  

Washington: President-elect Donald Trump has promised a new era of cryptocurrency, with the industry expecting clearer and a more liberal regulatory structure. And what has happened over time is of course that Bitcoin as well as other cryptocurrencies have allowed for certain economies where the local marketplace is perhaps not as strong, where people don’t have faith in the domestic money supply, they have actually opted into crypto markets. Now that can sound like it’s using crypto technologies like tokenisation and so forth, and certainly that’s the case and some of that nomenclature is the same, but the principle is very different, which is we are issuing digitised money on a public balance sheet and it’s backed by the full faith of the state. However, it’s important to understand what crypto technologies can enable today, which is a class of crypto asset called stable coins. At the same time, I think clearly there is also a lot of competition underlying this larger cooperative kind of posture; countries are looking to become crypto hubs, so they’re competing with each other to attract the best talent, the best technologies which can produce the best kind of networks, the best decentralised apps, the best interfaces for people to then engage with crypto.

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History of this topic

Pakistan Moves To Legalise Cryptocurrency To Attract Foreign Investment. Will India Follow Suit?
6 days, 12 hours ago

Pakistan Moves To Legalise Cryptocurrency To Attract Foreign Investment. Will India Follow Suit?

ABP News  

Pakistan is making strides toward embracing digital assets by setting the stage for cryptocurrency legalisation. With more nations establishing cryptocurrency regulations, Pakistan’s initiative could position it as a key player in the digital finance sector. Pakistan Crypto Council to Oversee Digital Asset Integration To facilitate the transition, the Pakistan government has reportedly launched the Pakistan Crypto Council, a newly formed …

Crypto, The New Hustle: How Women In Tier-2 Cities Can Ride The Wave
1 week, 2 days ago

Crypto, The New Hustle: How Women In Tier-2 Cities Can Ride The Wave

ABP News  

By Avinash Shekhar In India’s smaller cities, a quiet revolution is underway as women step beyond traditional investments like gold and fixed deposits to explore cryptocurrency. Traditionally, women relied on fixed-income assets, but with inflation and evolving financial awareness, many are now viewing crypto as a viable path to long-term wealth generation. Why Women Should Consider Crypto Investments For women …

Intel agency pins 'suspicion' of crypto being used for terror financing, drugs trafficking in India
2 weeks ago

Intel agency pins 'suspicion' of crypto being used for terror financing, drugs trafficking in India

Hindustan Times  

New Delhi, A trends study conducted by the federal financial intelligence unit of India has expressed "suspicion" that cryptocurrency is being used across the country's landscape in serious criminal acts like terrorist financing, fuelling secessionist activities, cybercrime, narcotics trafficking apart from illegal betting and gambling. Intel agency pins 'suspicion' of crypto being used for terror financing, drugs trafficking in India …

What is Crypto? Is it Legal in India? All You Need to Know
Trending News
2 weeks, 5 days ago

What is Crypto? Is it Legal in India? All You Need to Know

Deccan Chronicle  

In recent years, crypto has emerged as a fascinating and distinct asset class. Let us examine these aspects in order: Understanding Crypto: A New Digital Asset Class At its core, crypto refers to digital assets secured by cryptography. The IT Bill, presented in the Lok Sabha on February 13 this year, explicitly describes virtual digital assets ‘as a digital representation …

What is Crypto? Is it Legal in India? All You Need to Know
2 weeks, 5 days ago

What is Crypto? Is it Legal in India? All You Need to Know

Deccan Chronicle  

In recent years, crypto has emerged as a fascinating and distinct asset class. Let us examine these aspects in order: Understanding Crypto: A New Digital Asset Class At its core, crypto refers to digital assets secured by cryptography. The IT Bill, presented in the Lok Sabha on February 13 this year, explicitly describes virtual digital assets ‘as a digital representation …

Crypto trading booms in India's interiors as job growth and incomes disappoint
1 month ago

Crypto trading booms in India's interiors as job growth and incomes disappoint

The Hindu  

Like thousands of his countrymen in far-flung places, flower-shop owner Ashish Nagose has been learning about trading cryptocurrencies by attending classes every weekday for the past two months in his home city of Nagpur in western India. Newfound crypto enthusiasts in India such as Nagose have helped grow cumulative trading volumes of bitcoin, ethereum, dogecoin and other cryptocurrencies on four …

I will think about India: Nirmala Sitharaman as Trump 2.0 goes big on crypto
1 month, 3 weeks ago

I will think about India: Nirmala Sitharaman as Trump 2.0 goes big on crypto

India Today  

Finance Minister Nirmala Sitharaman on Tuesday clarified that the government is not against distributed ledger technology. At the Budget Round Table 2025 event organised by India Today and Business Today, Sitharaman did not clearly mention any policy related to cryptocurrencies or VDAs. When mentioned that 97% of the country’s crypto trading has shifted offshore, which has led to a loss …

India's Crypto Policy Delayed Further? Report Suggests Re-Evaluation Of Stances By Multiple Jurisdictions
1 month, 3 weeks ago

India's Crypto Policy Delayed Further? Report Suggests Re-Evaluation Of Stances By Multiple Jurisdictions

ABP News  

India is re-evaluating its position on cryptocurrencies following recent international developments, including regulatory changes in major economies, according to a senior Government official, reported Reuters. The decision comes as multiple jurisdictions have softened their stance on digital assets, prompting India to revisit its delayed discussion paper on crypto policy, which was initially expected to be released in September 2024. Crypto …

India reviewing crypto position due to global changes, senior official says
1 month, 3 weeks ago

India reviewing crypto position due to global changes, senior official says

The Hindu  

India is reviewing its stance on cryptocurrencies due to shifting attitudes towards the virtual asset in other countries, a senior government official told Reuters on Sunday. He did not specifically mention the United States, where Mr. Trump last week ordered the creation of a cryptocurrency working group tasked with proposing new digital asset regulations and exploring the creation of a …

Government is reportedly thinking about changing its stance on cryptocurrency
1 month, 3 weeks ago

Government is reportedly thinking about changing its stance on cryptocurrency

India Today  

India has a rigid cryptocurrency environment, and its stance on the digital currency has been anything but consistent. In December 2023, the Financial Intelligence Unit in India issued show-cause notices to 9 offshore crypto exchanges, including Binance and Kucoin, for non-compliance with local regulations. In 2023, former RBI Governor Shaktikanta Das also represented a critical stand against cryptocurrency in India. …

India reviewing crypto stance amid global policy shift: Report
1 month, 3 weeks ago

India reviewing crypto stance amid global policy shift: Report

India Today  

India is reviewing its stance on cryptocurrencies due to shifting attitudes towards virtual asset in other countries, a senior government official told Reuters on Sunday. He did not specifically mention the United States, where Trump last week ordered the creation of a cryptocurrency working group tasked with proposing new digital asset regulations and exploring the creation of a national cryptocurrency …

Indians Have Rejected Crypto. But 2025 Could Change That
3 months ago

Indians Have Rejected Crypto. But 2025 Could Change That

ABP News  

By AR Hemant The BankBazaar Moneymood 2025 survey report reveals a sharp decline in Indians’ interest in cryptocurrency. Of the salaried men and women surveyed in the study, only 12 per cent of Indians invested in crypto in 2024, compared to 32 per cent in 2022​. Taxation and Security Concerns Hurt Crypto The Indian government’s 30 per cent tax on …

GIFT City To Introduce Regulatory Framework For Crypto Exchange, Tokenisation Entities In 2025
3 months, 1 week ago

GIFT City To Introduce Regulatory Framework For Crypto Exchange, Tokenisation Entities In 2025

ABP News  

India’s GIFT City is gearing up to introduce a regulatory framework for cryptocurrency exchanges and tokenisation entities in 2025, as reported by NDTV Profit based on source inputs. Initially, the IFSCA will oversee crypto exchanges within GIFT City, but the approach may later expand to include domestic regulators. Currently, GIFT City’s regulatory sandbox hosts several projects involving the tokenisation of …

India on the sidelines as the future of finance dawns
4 months ago

India on the sidelines as the future of finance dawns

Hindustan Times  

In the Trumpian world, bitcoin is soaring. Blockchain is the foundation of cryptocurrencies like Bitcoin but its potential stretches far beyond speculative trading enabling tamper-proof voting systems, transparent supply chains, and decentralized finance. Meanwhile, India’s regulations are so draconian that exchanges like Coinbase won’t even let Indian users buy crypto. Enter Central Bank Digital Currencies, the government’s answer to cryptocurrencies. …

Bitcoin, cryptocurrencies not legal in India
Trending News
4 months ago

Bitcoin, cryptocurrencies not legal in India

Deccan Chronicle  

New Delhi: Bitcoin and cryptocurrency are in news again after allegations were levelled against Congress's Maharashtra president Nana Patole and NCP 's Supriya Sule of being involved in "illegal bitcoin activities" to fund their poll campaign. - Cryptocurrency has no intrinsic value and is not redeemable for another commodity, such as gold - has no physical form and exists only …

Will Bitcoin's revival boost India's appetite for cryptos despite high taxes?
4 months, 1 week ago

Will Bitcoin's revival boost India's appetite for cryptos despite high taxes?

India Today  

Bitcoin has taken the financial world by storm once again, this time surging to a record-breaking $90,000 following Donald Trump's unexpected victory in the US presidential election. TRUMP'S IMPACT ON THE CRYPTO SURGE The crypto market has been riding a wave of optimism following Donald Trump's election as US president, with hopes that his administration will adopt a crypto-friendly stance. …

RBI Governor Shantikanta Das Warns of Huge Risks to Financial Stability from Cryptocurrencies
5 months ago

RBI Governor Shantikanta Das Warns of Huge Risks to Financial Stability from Cryptocurrencies

New Indian Express  

RBI Governor Shantikanta Das expresses concerns about cryptocurrencies, stating that they pose significant risks to financial stability. He argues that cryptocurrencies have the characteristics of money and could undermine the central bank's control over the monetary system. Das emphasizes the need for careful consideration and a cautious approach towards cryptocurrencies, considering the potential for instability and financial sector instability.

Crypto industry players see light at end of tunnel despite regulatory vacuum. Here’s why
7 months, 2 weeks ago

Crypto industry players see light at end of tunnel despite regulatory vacuum. Here’s why

Live Mint  

The Ministry of Finance recently made it clear in a written reply in the Lok Sabha that the government is not considering a law to regulate the transaction of cryptocurrencies. However, crypto industry participants are not too pessimistic about Chaudhary’s statement, which was released at the behest of the Finance Ministry since they pin hopes on a discussion paper on …

Crypto Policy Discussion Paper To Release Before September: DEA Secy Ajay Seth
8 months ago

Crypto Policy Discussion Paper To Release Before September: DEA Secy Ajay Seth

ABP News  

India is set to release a discussion paper outlining its policy stance on cryptocurrencies before September, according to Economic Affairs Secretary Ajay Seth. The forthcoming discussion paper will seek input on the extent of cryptocurrency regulations in India, addressing current limitations. Currently, India's focus on cryptocurrencies revolves around AML and CTF measures, but a broader remit is definitely needed to …

Want To Make The Most Of Your Crypto Investments? Here Are Some Handy Tips To Help You Out
8 months, 1 week ago

Want To Make The Most Of Your Crypto Investments? Here Are Some Handy Tips To Help You Out

ABP News  

The world of crypto investing is as exhilarating as it is unpredictable. Understanding Market Sentiment And On-Chain Metrics Market sentiment plays a crucial role in influencing crypto returns. For advanced investors, understanding more complex chart patterns like Head and Shoulders ; Cup and Handle ; and Fibonacci retracement levels can provide deeper market insights. Moreover, understanding tax implications, compliance requirements, …

The Art of A Good Unicorn | Curating a product market fit for your crypto startup
8 months, 3 weeks ago

The Art of A Good Unicorn | Curating a product market fit for your crypto startup

Hindustan Times  

So, cryptocurrencies, like Bitcoin, seem to have their highs and lows. Being a crypto entrepreneur in India could have Herculean challenges, because, from a regulatory perspective, it's a rocky relationship with crypto without much legitimacy. And if someone puts their hard-earned salary into crypto and something goes wrong, they may not be able to knock on the doors of regulators …

Retail investors should be cautious about Cryptos says RBI
10 months ago

Retail investors should be cautious about Cryptos says RBI

Deccan Chronicle  

Mumbai: The crypto ecosystem lacks accountability and stability and is marked by regulatory ambiguity as a result of which retail investors need to be more cautious, the Reserve Bank of India economists said in an article titled Decentralised Finance: Implications for Financial System in the central bank’s May Bulletin. However, developments such as the FTX crypto exchange collapse, decline in …

Crypto currencies have no underlying value, says RBI official
1 year, 1 month ago

Crypto currencies have no underlying value, says RBI official

The Hindu  

Crypto currencies cannot be referred to as "currencies" as they have no underlying value, a central bank official said. "Crypto currencies cannot be called currencies as they don't have any underlying value," P Vasudevan, an executive director at the RBI, said during a panel discussion organised by IIM-Kozhikode here. Ultimately it is a call that the government has to take …

Budget Highlights 2024: Govt to lay white paper on economic performance
1 year, 1 month ago

Budget Highlights 2024: Govt to lay white paper on economic performance

Hindustan Times  

Feb 1, 2024 7:33 PM IST Ashish Singhal, Co-founder and Group CEO, PeepalCo says, "Crypto is experiencing a resurgence this year. On a positive note, the Government of India now has the chance to introduce comprehensive crypto regulations and improved tax policies in the upcoming full Budget, with the full support of the electorate. We continue to urge: i) Allow …

India leads in grassroots cryptocurrency adoption: Report
1 year, 5 months ago

India leads in grassroots cryptocurrency adoption: Report

The Hindu  

India stands first when it comes to grassroots cryptocurrency adoption, according to blockchain analytics platform Chainalysis’ 2023 Global Crypto Adoption Index released this month. Chainalysis’ report pointed out that India’s crypto adoption rates had soared despite the country’s tax regime and regulatory environment, which it called “’challenging”. “While every exchange operating in the country is required to collect TDS taxes …

India\'s Crypto Tycoons: Best Crypto Experts and Founders You Need to Know
1 year, 5 months ago

India\'s Crypto Tycoons: Best Crypto Experts and Founders You Need to Know

Deccan Chronicle  

New Delhi: India has emerged as a hotbed of cryptocurrency innovation, with a rapidly growing community of crypto enthusiasts, developers, and entrepreneurs. In this article, we'll introduce you to some of India's crypto tycoons – the best crypto experts and founders who are making waves in the industry. Sumit Gupta - The Visionary CEO Sumit Gupta, the CEO and co-founder …

‘India to decide its position on crypto in coming months’
1 year, 6 months ago

‘India to decide its position on crypto in coming months’

Live Mint  

New Delhi: India will evaluate the recommendations made in a paper authored by the International Monetary Fund and the G20’s risk watchdog, the Financial Stability Board, outlining a roadmap for regulating crypto assets and integrating digital assets into digital financial systems before deciding its stance, Ajay Seth, secretary of the department of economic affairs, said. On the sidelines of the …

As G-20 plans crypto regulatory framework, India may shelve plan for outright ban
1 year, 6 months ago

As G-20 plans crypto regulatory framework, India may shelve plan for outright ban

The Hindu  

With the G-20 countries agreeing to explore a coordinated regulatory framework for crypto assets, India could wait a while longer before firming up its domestic regulations for crypto currencies, and initiate a dialogue with stakeholders on the way forward. Any country can allow higher risks if they want, or ban it if they like, but whatever one does, it should …

On the Finance Track, G-20 to push forward on crypto regulation, MDB reforms next month
1 year, 6 months ago

On the Finance Track, G-20 to push forward on crypto regulation, MDB reforms next month

The Hindu  

Paving the way for a co-ordinated global approach to regulating cryptocurrencies, strengthening multilateral development banks’ lending capacity and replicating the use of digital public infrastructure like the India Stack to expand financial inclusion around the world, were some of the 10 major outcomes achieved under the Finance Track of India’s G-20 presidency. G-20 Summit 2023 Sept. 9 updates Discussions on …

G20 summit 2023: Crypto market hopeful for constructive dialogue on global regulation
1 year, 6 months ago

G20 summit 2023: Crypto market hopeful for constructive dialogue on global regulation

India TV News  

As world leaders are gathering in India to attend G20 summit 2023, the crypto market is hopeful for a dialogue on the revival of the industry with a common regulation in place. Under the leadership of India's presidency, the G20 countries are reportedly poised to introduce what could be recognised as the first-of-their-kind regulations governing cryptocurrencies and crypto assets worldwide. …

Future Of Crypto In India: How Bitcoin ETFs, Regulatory Clarity Can Help
1 year, 6 months ago

Future Of Crypto In India: How Bitcoin ETFs, Regulatory Clarity Can Help

ABP News  

In recent times, the cryptocurrency industry has undergone a noteworthy transformation, evolving from a limited group of developers to a community that has fostered a trillion-dollar economy. By integrating cryptocurrencies into the existing anti-money laundering framework, India aims to enhance financial transparency and mitigate the risks associated with illicit activities in the crypto sector. The introduction of Bitcoin ETFs could …

Unmasking India's Crypto Projects Trusted by 100 Million People
1 year, 7 months ago

Unmasking India's Crypto Projects Trusted by 100 Million People

Deccan Chronicle  

New Delhi: As the crypto decade unfolds, India's blockchain landscape is witnessing the rise of crypto titans—projects that are pushing boundaries, transforming industries, and leaving an indelible mark on the digital realm. CoinSwitch Trillioner Coin : Pioneering India's Crypto Journey, Trillioner Coin takes center stage with an astounding 2000% surge in price. As the Indian arm of the world's second-largest …

Rising Stars of India's Crypto Revolution: Top 5 Crypto Projects to Trust in 2023
1 year, 7 months ago

Rising Stars of India's Crypto Revolution: Top 5 Crypto Projects to Trust in 2023

ABP News  

New Delhi, August 21: A revolution is underway in India's crypto landscape, and at its helm is a group of rising stars — projects that are reimagining traditional systems and catalyzing a paradigm shift in the nation's digital transformation. As the Indian counterpart of the world's second-largest derivatives exchange, Bybit India entices high-value traders, cementing its essential role in India's …

Regulating crypto without global consensus will not be effective, says FM Sitharaman
1 year, 11 months ago

Regulating crypto without global consensus will not be effective, says FM Sitharaman

The Hindu  

Underlining that global consensus is necessary for the regulation of crypto before India makes any move on it, Union Finance Minister Nirmala Sitharaman on April 23 said a global template may have to be created, and everyone will have to work together on it, otherwise regulating it will not be effective. "Their report and IMF's report are going to be …

Crypto issue requires immediate attention, says FM Sitharaman
1 year, 11 months ago

Crypto issue requires immediate attention, says FM Sitharaman

The Hindu  

Issues related to crypto assets require immediate attention and the response of the G20 has to ensure that they do not lose any potential benefits while protecting economies from harm, Union Finance Minister Nirmala Sitharaman has said. Ms. Sitharaman was part of a brainstorming session on "Macrofinancial Implications of Crypto Assets" with G20 finance ministers and central bank governors at …

Understanding the current state of crypto assets in India
1 year, 11 months ago

Understanding the current state of crypto assets in India

Live Mint  

It is a sweeping wave for some and a conundrum for others but crypto is the new buzzword in the world of investment finance. On the whole, the government seems to be accepting crypto and the underlying blockchain technology rather than casting them away as ‘risky’ or even ‘banning’ them. Banking is still not a breeze given RBI’s concerns The …

Navigating the complexities of crypto taxation in India
2 years ago

Navigating the complexities of crypto taxation in India

Live Mint  

There is an adage which encapsulates the process of taxation, and it goes thus: the only two things certain in life are death and taxes. Navigating crypto from a tax angle We believe that Indian crypto investors can become tax compliant and plan their investments better by following certain principles. Building a crypto portfolio: India’s crypto tax regime does not …

Crypto Regulation: India Collaborating With G20 Countries To Formulate Global Policy
2 years ago

Crypto Regulation: India Collaborating With G20 Countries To Formulate Global Policy

ABP News  

Minister of State for Finance Pankaj Chaudhary on Monday informed the Parliament that India is working with G20 nations to establish a globally coordinated policy on crypto assets. Finance Minister Nirmala Sitharaman recently announced that there will be additional discussions on crypto assets during the IMF-World Bank Spring Meetings in April, to be held in Washington. Additionally, in July, the …

Crypto at G20 Summit: India recommends a joint technical paper by IMF & FSB on regulation
2 years ago

Crypto at G20 Summit: India recommends a joint technical paper by IMF & FSB on regulation

India Today  

India has proposed a joint technical paper by the IMF and the FSB for help in the formulation of a coordinated and comprehensive policy approach to crypto assets. Both the above agencies are expected to present their papers in October this year, i.e., during the 4th G20 Finance Ministers and Central Bank Governors Meet, stated the Ministry of Finance, following …

Moving towards regulation on Cryptocurrency under India\'s G20 presidency: Nirmala
2 years, 1 month ago

Moving towards regulation on Cryptocurrency under India\'s G20 presidency: Nirmala

Deccan Chronicle  

Bengaluru: Union Finance Minister Nirmala Sitharaman on Saturday said that the government is progressing towards regulation on Crypto Currency under India's G20 presidency. "Further, in July, the FSB's paper on crypto assets regulation will be tabled so that it could be discussed at the next meeting of the finance ministers and central bank governors," she said. Speaking on the issue, …

IMF, FSB to flesh out crypto regulation in the wake of India’s push at G20
2 years, 1 month ago

IMF, FSB to flesh out crypto regulation in the wake of India’s push at G20

The Hindu  

The International Monetary Fund and the Financial Stability Board are set to formulate a technical paper in a bid to attain a coordinated global approach for the regulation of crypto assets as proposed by the Indian Presidency of the G20. The idea had found backing from U.S. Treasury Secretary Janet Yellen, who also mooted international cooperation to set high regulatory …

India Asks IMF, FSB To Prepare Technical Paper On Regulating Crypto
2 years, 1 month ago

India Asks IMF, FSB To Prepare Technical Paper On Regulating Crypto

News 18  

India, which is currently holding G20 Presidency, has asked the IMF and Financial Stability Board to jointly prepare a technical paper on crypto assets, which could be used in formulating a coordinated and comprehensive policy to regulate them. In their entirety, the IMF’s discussion paper, the policy seminar and the joint IMF-FSB paper are expected to integrate the policy questions …

International Monetary Fund flags debt restructuring hurdles, says banning crypto should be an option
2 years, 1 month ago

International Monetary Fund flags debt restructuring hurdles, says banning crypto should be an option

Firstpost  

Bengaluru: Group of 20 nations have some disagreements over restructuring debt for distressed economies, the chief of the International Monetary Fund said on Saturday, adding that banning private cryptocurrencies should be an option. “On debt restructuring, while there are still some disagreements, we now have the global sovereign debt roundtable with consideration of all public and private creditors,” IMF Managing …

Crypto Regulation: Nirmala Sitharaman Says India Discussing SoP Development For Assets With G-20 Nations
2 years, 1 month ago

Crypto Regulation: Nirmala Sitharaman Says India Discussing SoP Development For Assets With G-20 Nations

ABP News  

Finance Minister Nirmala Sitharaman on Monday said India is discussing with the G-20 member countries the need to develop a standard operating protocol for regulating crypto assets. She said crypto assets and web3 are relatively new and evolving sectors, and require significant international collaboration for any specific legislation on these sectors to be fully effective. In reply to a separate …

Crypto Regulation: Nirmala Sitharaman Says Issue To Be Taken Up At G20 Meetings
2 years, 1 month ago

Crypto Regulation: Nirmala Sitharaman Says Issue To Be Taken Up At G20 Meetings

ABP News  

Finance Minister Nirmala Sitharaman on Saturday said the issue of regulating crypto assets will be taken up at G20 meetings as a collective view has to be formed on the matter. Sitharaman on various occasions had said India will press for collective efforts for global regulation of crypto assets to check terror funding. Observing that crypto assets are new forms …

India likely working on roadmap to regulate cryptocurrencies at G-20
2 years, 1 month ago

India likely working on roadmap to regulate cryptocurrencies at G-20

Live Mint  

India is likely to introduce a roadmap for regulating virtual assets such as cryptocurrencies. On Thursday, Economic Affairs Secretary Ajay Seth in an interview said that the government is working with Financial Stability Board to at least build a policy for crypto assets along with a regulatory framework. He added, "we are also working with the FSB and the idea …

Budget 2023: What Awaits The Crypto Sector? Everything You Need To Know
2 years, 2 months ago

Budget 2023: What Awaits The Crypto Sector? Everything You Need To Know

ABP News  

The 2023 Union Budget is nearly here and the biggest question that’s haunting the mind of crypto enthusiasts is simple — how will the Finance Ministry treat the virtual digital assets sector this time around? While 2022 saw several important milestones for the crypto sector, from the taxation of gains to the introduction of a central bank digital currency, the …

Explained | What is the crypto awareness campaign?
2 years, 2 months ago

Explained | What is the crypto awareness campaign?

The Hindu  

The story so far: The Investor Education and Protection Fund will launch an outreach programme soon to create awareness of cryptocurrencies and online gaming. People may presume incorrectly that it is illegal,” he states, adding, “One may be indulging in unlawful transactions like money laundering using crypto assets. As for the allegations, Mr. Menon told The Hindu, “The immutable, public …

Time is right for a digital rupee
2 years, 3 months ago

Time is right for a digital rupee

Hindustan Times  

Starting this month, the Reserve Bank of India will begin a pilot project that will put a digital rupee, or e ₹, in the hands of individuals. In simple terms, a CBDC is the closest virtual equivalent of cash with the liability for its value resting directly with the central bank, instead of — as is the case at present …

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