Why cryptocurrency exchanges struggle to provide crypto withdrawals for Indians | Explained
2 months ago

Why cryptocurrency exchanges struggle to provide crypto withdrawals for Indians | Explained

The Hindu  

The story so far: Mudrex, a crypto platform that is “US-headquartered and Bengaluru-based” made headlines this month when it announced it was temporarily pausing crypto withdrawals until January 28, to “enhance the security of our platform and safeguard against bad actors,” said the company in an official blog post on January 12. Gupta on January 15 acknowledged that while users wanted unrestricted crypto withdrawals, the company had to comply with India’s “strict capital controls.” He noted the risks of expert criminals escaping detection. These exchange bank accounts hold funds from both bad actors and genuine users, directly impacting the liquidity of INR funds of our genuine users,” said Gupta in his post on X, when justifying the block on crypto withdrawals. “We do not allow crypto withdrawals on our platform however, users can withdraw their investments by converting their crypto into INR on an exchange like ours, and receive the money in their bank accounts,” said Balaji Srihari, Vice President, CoinSwitch, in response to The Hindu’s query. “To officially enable crypto withdrawals for all customers in India, the introduction of clear regulations and a well-defined policy framework for VDAs is essential,” he said.

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History of this topic

What is Crypto? Is it Legal in India? All You Need to Know
Trending News
2 weeks, 4 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, 4 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 …

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 …

From Bitcoin’s rise to WazirX’s woes: What’s in store for crypto watchers in 2025?
2 months, 2 weeks ago

From Bitcoin’s rise to WazirX’s woes: What’s in store for crypto watchers in 2025?

The Hindu  

In the last month of 2024, Bitcoin crossed $100,000 in price. Crypto price jumps are hard to pin on just one or two factors, but it is safe to say in this case that investors’ excitement played a major role as it became clear that president-elect Donald Trump was returning to the White House in 2025, and that he was …

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 …

Is Bitcoin legal in India? What you need to know before buying or selling it
3 months, 3 weeks ago

Is Bitcoin legal in India? What you need to know before buying or selling it

Hindustan Times  

Bitcoin is now all over the headlines having crossed the $100,000 mark over the period of time following crypto supporter Donald Trump's win in US presidential elections. Bitcoin as well as all other cryptocurrencies are legal in India with the Supreme Court ruling in favour of cryptocurrencies, lifting a ban imposed by the Reserve Bank of India prior. It is …

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. …

India's crypto industry expects Bitcoin surge to boost domestic business
4 months, 2 weeks ago

India's crypto industry expects Bitcoin surge to boost domestic business

Live Mint  

New Delhi: India’s battered cryptocurrency industry, which has seen retail trading volumes decline by over 90% in the past three years, is cautiously optimistic about the industry’s latest surge. “The exchange-traded funds in the US have further rationalized cryptocurrency investments around the world, and the US’s pro-cryptocurrency stance could boost a more favourable policy approach around the world including in …

Nine crypto exchanges removed from Play Store by Google after Indian govt's crackdown
1 year, 2 months ago

Nine crypto exchanges removed from Play Store by Google after Indian govt's crackdown

Op India  

On 13th January, in a significant development, Google followed Apple’s lead in removing several major cryptocurrency exchange apps, including Binance and Kraken, from the Play Store. In December 2023, the Financial Intelligence Unit, a key Indian government agency overseeing financial transactions, issued a show-cause notice to nine crypto firms. FIU’s request to block nine services, including Binance, Kraken Huobi, Gate.io, …

Bitcoin ETF approval: Indian investors too can participate - here’s how
1 year, 2 months ago

Bitcoin ETF approval: Indian investors too can participate - here’s how

Live Mint  

The approval of spot bitcoin exchange-traded funds by the Securities Exchange Commission in the United States has paved the way for Indians to explore investment opportunities in crypto assets. It's important to highlight that participation in foreign stock and ETF markets by Indian investors is regulated by the Reserve Bank of India's Liberalised Remittance Scheme. “For Indian investors, the Bitcoin …

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 …

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 …

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 …

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 …

Indian Crypto Exchange WazirX banned over 2,400 users over unlawful activity
2 years ago

Indian Crypto Exchange WazirX banned over 2,400 users over unlawful activity

India TV News  

Indian Crypto-exchange WazirX, with reportedly around 10 million users, recently revealed in a report that the exchange had blacklisted 2,431 accounts after requests of blacklisting from Law enforcement agencies. The platform showed 100% compliance with LEA requests WazirX’s fourth Transparency report further stated that a total 431 requests for account blocking were made by the LEA’s across the globe which …

Crypto advertisements and sponsors banned during Women's IPL 2023
2 years, 1 month ago

Crypto advertisements and sponsors banned during Women's IPL 2023

India Today  

Continuing its hard stance against crypto, the Board of Control for Cricket in India has decided to ban all forms of crypto-related According to a report by Planet Sport, BCCI sent a 68-page advisory to the team participating in this edition of the Women's IPL stating which ads and sponsors could not be advertised. BCCI Before the ban was imposed …

Domestic crypto trading volume declines following the announcement of tax on crypto gains
2 years, 2 months ago

Domestic crypto trading volume declines following the announcement of tax on crypto gains

India Today  

With the advent of the new-age digital currencies, the cryptocurrency space has been buzzing with investors increasingly turning to crypto-based investments over fiat currency and traditional alternatives. Ever since the Finance Minister, Nirmala Sitharaman, revealed new tax laws on these digital assets in the previous year’s budget, it has been observed that there has been a shift in the trading …

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 …

OPINION: How India Can Emerge As A Crypto And Blockchain Hub, With A Robust Policy
2 years, 4 months ago

OPINION: How India Can Emerge As A Crypto And Blockchain Hub, With A Robust Policy

ABP News  

India is currently on the forefront of witnessing the emergence of innovative technologies. What the future of India’s crypto and blockchain sector looks like When we look at conventional financial transactions, there are several intermediaries besides the payee. Even though these kinds of banks might sound new, they can let people keep, buy, and sell their crypto holdings alongside a …

High tax on crypto may kill industry in India: Binance CEO
2 years, 4 months ago

High tax on crypto may kill industry in India: Binance CEO

Live Mint  

NEW DELHI: High taxes on cryptocurrency transactions in the country may “kill the industry” in India, Binance chief executive Changpeng Zhao said on Thursday. Addressing an event on the global fintech industry in Singapore, Zhao said the tax rate will likely be the cause for India’s crypto industry to be stifled. For instance, on WazirX, India’s largest crypto exchange by …

Cryptocurrency trading, user signups spike in India on stable Bitcoin
2 years, 5 months ago

Cryptocurrency trading, user signups spike in India on stable Bitcoin

Live Mint  

Crypto trading volume as well as user signups have witnessed a jump of up to 45% in recent weeks because of stability in bitcoin price and a weak rupee. Bitcoin prices have consolidated in an increasingly narrow range while global equity and bond markets continued to tread challenging ground with growing stress developing in sovereign debt and currency markets this …

Crypto trading, user signups see jump in India on stable bitcoin
2 years, 5 months ago

Crypto trading, user signups see jump in India on stable bitcoin

Live Mint  

Indian crypto activity has seen a spike in recent weeks with trading volume and user signups witnessing a jump of up to 45% thanks to stable bitcoin price and weakness in the rupee. BuyUcoin has seen a spike of 40-45% in BTC-INR trading pair and a 30% jump in new user signups in the second quarter of the financial year …

Future Of Crypto: What India's Digital Coin Market May Look Like In 2047
2 years, 5 months ago

Future Of Crypto: What India's Digital Coin Market May Look Like In 2047

ABP News  

The cryptocurrency industry has grown from a small pool of developers to a community generating a trillion-dollar economy lately. Cryptocurrencies have now slowly started to emerge as a new investment class in India, as today's youth are also looking at crypto as a means to achieve financial freedom. Here is how the Indian crypto market is expected to shape up …

Kucoin survey india crypto market investors regulation tax hack concern growth sector
2 years, 7 months ago

Kucoin survey india crypto market investors regulation tax hack concern growth sector

ABP News  

KuCoin, a Seychelles-headquartered crypto exchange with over 10 million users in over 200 countries, has conducted a survey to offer a deep insight into the crypto sector of India, the world’s second-most populous nation. Titled “Into The Cryptoverse Report India”, the survey revealed that despite stringent taxation on gains from crypto, the Indian market is expected to reach $241 million …

Understanding cryptocurrencies
2 years, 8 months ago

Understanding cryptocurrencies

Hindustan Times  

There is a need for a broader international collaboration before cryptocurrency regulations can be drawn up in India, finance minister Nirmala Sitharaman told Parliament this week. In May, an entire currency — known as the Terra/Luna stablecoin pair — and a crypto-based lending platform known as Celsius crashed, wiping out tens of millions of dollars of wealth. Searching with just …

CoinDCX’s Mridul Gupta’s tip for crypto investors
2 years, 8 months ago

CoinDCX’s Mridul Gupta’s tip for crypto investors

Live Mint  

The crypto ecosystem in India is going through one of its toughest phases. Mridul Gupta, chief operating officer at CoinDCX, talked to Mint about the impact of the recently introduced 1% tax deducted at source, notices issued by the Enforcement Directorate and the safety of investors’ funds. When it comes to crypto transfers, because we are an exchange, for certain …

Crypto Winter, Tax Rules Cast Shadow on India Business; Can They Still be Called Safe?
2 years, 8 months ago

Crypto Winter, Tax Rules Cast Shadow on India Business; Can They Still be Called Safe?

News 18  

Indian investors had readily accepted cryptocurrency as a brilliant means to invest especially after the Bitcoin boom that happened a few years back. With its not-so-accepting approach to cryptocurrencies, the government during Budget 2022 inserted a new Section under the Income Tax Act, whereby income from virtual digital assets would be taxable at the rate of 30 per cent, while …

Crypto Tax Rule Makes Indian Investors Lose Interest as Trading Activity Falls: Survey
2 years, 8 months ago

Crypto Tax Rule Makes Indian Investors Lose Interest as Trading Activity Falls: Survey

News 18  

Crypto trading is experiencing a decline in its frequency due to the cryptocurrency tax regimes devised by the government of India for the digital assets, revealed a survey. Twenty-nine per cent of the total respondents said that their trading activity has decreased since the government introduced the new tax implementation system on cryptocurrency. The survey also suggested that going with …

CoinDCX halts cryptocurrency withdrawals, CEO says 'crypto winter is here'
2 years, 9 months ago

CoinDCX halts cryptocurrency withdrawals, CEO says 'crypto winter is here'

India TV News  

CoinDCX halts cryptocurrency withdrawals, CEO says 'crypto winter is here' CoinDCX said it is backed by global investors and assured investors that their funds are completely safe. Cryptocurrency exchange CoinDCX has paused the crypto withdrawal facility from the platform, stoking fears among Indian investors who are already facing the heat due to the precipitous decline in the valuation of digital …

CoinTracker Announces India Launch, to Provide Crypto Tax Compliance to Users; See Benefits
2 years, 9 months ago

CoinTracker Announces India Launch, to Provide Crypto Tax Compliance to Users; See Benefits

News 18  

Leading crypto tax compliance and portfolio tracking platform CoinTracker has announced its foray into the India market with an official product launch in the country. Starting earlier this week, the crypto tax compliance and portfolio tracking products will be available to all crypto users across India, the company said in a press release. CoinTracker also aims to collaborate with partners …

Not in favour of outright Crypto ban: CII chief
2 years, 10 months ago

Not in favour of outright Crypto ban: CII chief

The Hindu  

India should desist from imposing an outright ban on crypto currencies and virtual digital assets, Confederation of Indian Industry president Sanjiv Bajaj said, noting that there can be positive uses for such products as well. We should not outright ban them,” Mr. Bajaj said in an interview with The Hindu. One of CII’s recommendations to financially support India’s growth, whether …

Cryptocurrencies worse than Ponzi schemes, banning them advisable: RBI Deputy Governor
3 years, 1 month ago

Cryptocurrencies worse than Ponzi schemes, banning them advisable: RBI Deputy Governor

India Today  

Reserve Bank of India Deputy Governor T Rabi Sankar on Monday said that banning cryptocurrencies is the most advisable choice for India as they are akin to Ponzi schemes and "may even be worse". FM Nirmala Sitharaman replies Rabi Sankar said that cryptocurrencies can wreck the currency system, the monetary authority, the banking system, and in general, the government’s ability …

Banning cryptocurrency perhaps most advisable choice open to India: RBI Deputy Governor
3 years, 1 month ago

Banning cryptocurrency perhaps most advisable choice open to India: RBI Deputy Governor

India TV News  

Highlights Banning cryptocurrency is perhaps the most advisable choice open to India, says RBI Deputy Governor Crypto-technology is underpinned by a philosophy to evade government controls, he said Cryptocurrencies developed to bypass regulated financial system, RBI Deputy Guv said Banning cryptocurrency is perhaps the most advisable choice open to India, said RBI Deputy Governor T Rabi Sankar adding they have …

30% tax on cryptocurrency: India’s plunge in the realm of digital currency
3 years, 1 month ago

30% tax on cryptocurrency: India’s plunge in the realm of digital currency

Op India  

The exponential growth of the cryptocurrency in India was just a phenomenon until it was given a considerable attention by the government. Taking a conservative stand on the taxation of digital currency, Finance Minister Nirmala Sitharaman on Tuesday announced that government would earn 30% behind every penny of profit earned by way of transfer of virtual money. The launch of …

Budget 2022: What's next for crypto in India? Here's what industry says
3 years, 1 month ago

Budget 2022: What's next for crypto in India? Here's what industry says

India Today  

Finance Minister Nirmala Sitharaman, while presenting the Union Budget 2022-23 on Tuesday, proposed 30 per cent on profits earned from trading cryptocurrencies. On RBI's plan to launch digital currency, Gaurav said that it’s likely to succeed as India has a fast-growing web connectivity and a high number of people are already using digital transactions. Digital currency WazirX's COO Siddharth Menon …

Crypto revolution is here to stay. What about India’s regulatory stance
3 years, 2 months ago

Crypto revolution is here to stay. What about India’s regulatory stance

Live Mint  

Cryptocurrencies have caught attention as an asset class in the last few years and have gone mainstream on the back of their sharp rally despite famed for their volatility and uncertainties around regulations in many countries including India. India became the second-highest nation in terms of crypto adoption, and given the current purview, experts believe that 2022 might arguably see …

Regulating crypto assets in India
3 years, 2 months ago

Regulating crypto assets in India

Hindustan Times  

The Indian crypto asset industry has witnessed exponential growth over the last five years and today, the country reportedly has 15 million crypto asset holders that have put in Rs6.6 billion in these crypto asset holdings. This report seeks to bring clarity around crypto assets as a technology and make recommendations for the regulation of the Indian crypto asset market. …

Expect in 2022: Regulations on cryptocurrencies in India coming but no outright ban
3 years, 2 months ago

Expect in 2022: Regulations on cryptocurrencies in India coming but no outright ban

India Today  

2021 was the biggest year for cryptocurrencies. Bitcoin was already popular, but the past 12 months have seen greater adoption of other crypto coins like Ethereum, Cardona, Dogecoin and even distant spin-offs like Shiba Inu. The past year saw El Salvador accept Bitcoin as legal tender, a lot of companies started accepting payments in cryptocurrencies, major celebrities bought NFTs and …

Private cryptocurrencies pose immediate risks to customer protection, prone to frauds: RBI
3 years, 2 months ago

Private cryptocurrencies pose immediate risks to customer protection, prone to frauds: RBI

The Hindu  

Private cryptocurrencies pose immediate risks to customer protection and are prone to frauds and extreme price volatility, given their highly speculative nature, the Reserve Bank of India said in its financial stability report released on Wednesday. The latest report noted that the proliferation of private cryptocurrencies across the globe has sensitised regulators and governments to the associated risks. "Private cryptocurrencies …

Neither ban nor regulate crypto
3 years, 3 months ago

Neither ban nor regulate crypto

The Hindu  

“India has officially adopted bitcoin as legal tender,” tweeted the Prime Minister at 2 a.m. on December 12. For now, the Indian government must be explicit that India will never recognise cryptocurrencies as currency. The argument for regulating cryptocurrencies is the notion that millions of investors indulge in risky cryptocurrency trading which can cause losses, increase volatility, spur shadow finance …

The crypto phenomenon
3 years, 3 months ago

The crypto phenomenon

The Hindu  

A bulletin that announces issues to be discussed in the winter session of Parliament, which began in early December, had on its list the proposed cryptocurrency Bill. Following interviews with people knowledgeable on the subject, Frontline found that the collective opinion is that India should not lose out on this opportunity which, a crypto investor says, “is India’s Crypto moment”. …

Crypto Or Digital Tokens Should Be Treated As Securities Of Special Class, Says CII
3 years, 3 months ago

Crypto Or Digital Tokens Should Be Treated As Securities Of Special Class, Says CII

ABP News  

New Delhi: The Confederation of Indian Industries on Thursday in a statement said that crypto or digital tokens should be treated as securities of a special class, which means the provisions of exiting securities regulations will not apply, and a new set of regulations appropriate to the context should be evolved and applied. Those exchanges must be required to register …

Govt may not ban cryptocurrencies, regulation likely: Reports
3 years, 3 months ago

Govt may not ban cryptocurrencies, regulation likely: Reports

India Today  

Cryptocurrencies may not be completely banned in India and the government may create a framework to regulate highly risky virtual assets, as per multiple reports. The development comes at a crucial time as the government’s upcoming cryptocurrency bill has spooked investors and other stakeholders. Read | Cryptocurrency Bill: Raining on India's crypto parade A few days ago, Finance Minister Nirmala …

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