Crypto apps want you to buy Bitcoin before anything but don't get trapped
3 years, 1 month ago

Crypto apps want you to buy Bitcoin before anything but don't get trapped

India Today  

India's crypto market is fast growing and it's the youth that's driving this growth. You turn on the TV for 15 minutes, and I am sure you will bump into at least one There is a general belief among young investors that crypto is gaining acceptance in the world economy and will make them rich overnight. Indian youth crucial for crypto growth The National Association of Software and Services Companies claimed in its September report that at this pace, the Indian crypto-tech industry can rise up to $241 million by 2030. But, if you take the majority of the investors, who are the long-term hodlers of crypto, these are educated investors who look forward to crypto as a futuristic asset class and believe in the potential of blockchain technology," Avinash Shekhar, Co-CEO, ZebPay and Member Blockchain and Crypto Assets Council says. When it comes to crypto policy, India can take cues from developed countries such as the US, UK, Japan, Australia, EU region, etc., which are regulating crypto similarly," Nishchal Shetty, CEO, WazirX and Member Blockchain and Crypto Assets Council says.

Social Media India Blockchain Crypto Bitcoin Young Investors Doge Young Investors  youth  apps  market  buying  youngsters  bitcoin  dont  investors  buy  cryptocurrencies  trapped  crypto  investing  young  india

History of this topic

India's crypto industry expects Bitcoin surge to boost domestic business
1 month, 1 week 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 …

Crypto industry players see light at end of tunnel despite regulatory vacuum. Here’s why
4 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 …

The Art of A Good Unicorn | Curating a product market fit for your crypto startup
5 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 …

Crypto’s wild ride and should you be on it?
9 months, 2 weeks ago

Crypto’s wild ride and should you be on it?

Hindustan Times  

By now, most news headlines have reported a bull run in cryptocurrencies led by Bitcoin and Ethereum. Bitcoin cryptocurrency When asked for a perspective, Krishna Jha, a Bengaluru-based private investor, said, “The next bull run has started, and prices will go higher than they did earlier.” But Jha says he is unwilling to bet on cryptocurrencies. However, with the government …

Budget Highlights 2024: Govt to lay white paper on economic performance
10 months, 3 weeks 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 need not rush in where the US dares to go
11 months ago

India need not rush in where the US dares to go

Hindustan Times  

On January 10, the US securities market regulator, the Securities and Exchange Commission allowed 11 spot Bitcoin exchange-traded funds to list and trade on the stock market. In a statement issued the day he cleared the Bitcoin ETFs, he wrote: “Though we’re merit neutral, I’d note that the underlying assets in the metals ETFs have consumer and industrial uses, while …

India leads in grassroots cryptocurrency adoption: Report
1 year, 2 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, 2 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 …

Future Of Crypto In India: How Bitcoin ETFs, Regulatory Clarity Can Help
1 year, 3 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, 4 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, 4 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 …

Invest, Hold, Safeguard: Tips & Tricks To Maximise Returns On Crypto Assets
1 year, 7 months ago

Invest, Hold, Safeguard: Tips & Tricks To Maximise Returns On Crypto Assets

ABP News  

In the ever-evolving world of finance, the crypto asset class has emerged as a promising investment vehicle. Conduct thorough research Prior to investing in any crypto asset, spend time analysing the project’s fundamentals, scalability, technological innovations, development team, market demand, and competitive landscape. Switch to long-term investing and wealth creation mindset Avoid frequent trades — it doesn’t help from a …

Understanding the current state of crypto assets in India
1 year, 8 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
1 year, 8 months 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 …

India likely working on roadmap to regulate cryptocurrencies at G-20
1 year, 10 months 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
1 year, 11 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?
1 year, 11 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, 1 month 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 …

How India's G20 Presidency will influence crypto regulation, blockchain & the future of web3
2 years, 1 month ago

How India's G20 Presidency will influence crypto regulation, blockchain & the future of web3

India Today  

As India is all set to assume the presidency for the G20 Leaders' Summit for one year, from 1 December 2022 to 30 November 2023, it plans to discuss crypto regulations during its tenure with member nations, which comprise countries like France, Germany, Russia, UK, USA, China, Russia, and Canada, among others. Further, the minister shared that India would like …

Cryptocurrency trading, user signups spike in India on stable Bitcoin
2 years, 2 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, 2 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 …

India lags behind several countries in crypto policy, CoinDCX COO says
2 years, 2 months ago

India lags behind several countries in crypto policy, CoinDCX COO says

The Hindu  

India was recently ranked fourth by research firm Chainalysis in its 2022 Global Crypto Adoption Index. In an exclusive interview with The Hindu, CoinDCX COO Mridul Gupta spoke about India’s crypto policy, the Ethereum Merge, and how the industry is moving past coin crashes. But what’s very, very important to understand is how the community around crypto - the crypto …

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

Investing | Why young India needs to dial down
2 years, 3 months ago

Investing | Why young India needs to dial down

The Hindu  

When the great stock market bust of 2022 occurred a few months ago, Reddit was swamped with requests for help. His original investment of ₹16,000 — which he made after taking the advice of “long-form finance influencers”, who’d spoken about crypto as a way to diversify one’s portfolio — is now less than ₹8,000. “We find that a lot of …

Kucoin survey india crypto market investors regulation tax hack concern growth sector
2 years, 4 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 …

NFTs: How India Can Emerge As A Frontrunner
2 years, 4 months ago

NFTs: How India Can Emerge As A Frontrunner

ABP News  

While the majority of the populace continues to feel intimidated by the world of digital assets, the interest in non-fungible tokens is growing in India. While the Indian government wants to regulate cryptocurrencies, artists, platform owners, and auctioneers are optimistic that NFTs will be the new frontier for Indian art, especially in light of COVID-19's negative impacts. In 2021, a …

India’s fintech ecosystem restores people’s faith in democracy: MoS IT
2 years, 5 months ago

India’s fintech ecosystem restores people’s faith in democracy: MoS IT

Live Mint  

India’s fintech ecosystem has helped the nation in rebuilding the trust between the government and citizens, transforming lives and restoring people’s faith in democracy, said Union Minister of State for Electronics and Information Technology Rajeev Chandrasekhar. The minister highlighted the expansion of startups and digital ecosystem in India on the closing day of the FinTech Festival India in New Delhi …

I told you so moment for Crypto | OPINION
2 years, 5 months ago

I told you so moment for Crypto | OPINION

India Today  

I had developed notoriety as a crypto basher, and therefore, as a consequence, I was widely labelled as a luddite, a technology illiterate and many other sobriquets. However, the US Dollar continues to be a store of value as it is backed by the massive US economy and its global trade, as well as the entire energy trade happening across …

Crypto Tax Rule Makes Indian Investors Lose Interest as Trading Activity Falls: Survey
2 years, 5 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 …

Crypto Crash: Indian Investors Wary As Mega Sell-Off Continues
2 years, 6 months ago

Crypto Crash: Indian Investors Wary As Mega Sell-Off Continues

ABP News  

New Delhi: As foreign portfolio investors continue to pull out money from the Indian equity market, the sell-off in the crypto market and the digital asset space has also accelerated in the wake of global economic meltdown. More than $200 billion were wiped off the entire cryptocurrency market this week and the globally crypto market capitalisation fell below $1 trillion …

Power games: Cryptos send babus back to school
2 years, 8 months ago

Power games: Cryptos send babus back to school

New Indian Express  

Inflation in the US has climbed to a 40-year high. This has triggered talks of a biggish interest rate hike by the US Federal Reserve in order to restrict flow of cash into the economy, and check inflation. The Indian stock market has already had a $15-billion drop in foreign investments in the last one year, which was bigger than …

Crypto revolution is here to stay. What about India’s regulatory stance
2 years, 11 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
2 years, 11 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. …

CryptoWire Releases India's First Cryptocurrency Index to Help Users 'Learn Before Earn'
2 years, 11 months ago

CryptoWire Releases India's First Cryptocurrency Index to Help Users 'Learn Before Earn'

News 18  

CryptoWire, a crypto super app on Monday announced the launch of India’s first index of cryptocurrencies, IC15 with a view to empowering knowledge on blockchain ecosystem. The index tracks and measures the performance of the top 15 widely traded liquid cryptocurrencies listed on leading crypto exchanges of the world, CryptoWire said in a statement. Launching IC15, CryptoWire Managing Director Jigish …

Expect in 2022: Regulations on cryptocurrencies in India coming but no outright ban
2 years, 11 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 …

Risks Pile Up for Millions of Day Traders Buying India Stocks
3 years ago

Risks Pile Up for Millions of Day Traders Buying India Stocks

Live Mint  

Nithin Kamath, the chief executive officer of India’s largest online brokerage, estimates that his platform handles 10 to 12 million orders on the average day. “Though business is now slowly picking up as travel resumes, I do plan to maintain my pace of investments.” Since a March 2020 low, when stocks plunged worldwide on signs that the coronavirus was spreading …

The crypto phenomenon
3 years 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”. …

Don’t ban cryptocurrencies, instead set up a regulatory body
3 years ago

Don’t ban cryptocurrencies, instead set up a regulatory body

Firstpost  

The potential of crypto is enormous and banning it would be throwing the baby out with the bathwater Whether you are for or against bitcoins and cryptocurrencies, you cannot deny their importance as an evolution in money and banking. There are approximately 150-200 million crypto users worldwide and about 15-20 million in India, according to Nischal Shetty, CEO of WazirX. …

Some cryptocurrency firms in India see dip in new customer sign-ups
3 years ago

Some cryptocurrency firms in India see dip in new customer sign-ups

India Today  

Indian cryptocurrency exchanges have witnessed a drop in the number of new individuals signing up on their platforms in light of the new cryptocurrency bill, which will be tabled during the Winter Session of Parliament. Potential cryptocurrency investors are staying put at the moment, due to a growing buzz that the government is planning to ban private cryptocurrencies with the …

Many crypto firms may look to exit India amid possibility of ban: Report
3 years ago

Many crypto firms may look to exit India amid possibility of ban: Report

India Today  

Several cryptocurrency startups and blockchain-related startups may look to move out of India amid the possibility of a ban on virtual coins. While it is still not certain whether the government’s bill is aimed at enforcing a ban on cryptocurrencies, it has caused panic among Indian investors and businesses involving blockchain technology and virtual coins. Here's what experts say Speaking …

How to solve the crypto conundrum?
3 years, 1 month ago

How to solve the crypto conundrum?

Hindustan Times  

Web3, the buzzword of the year, is, as some experts have described it, all about the decentralisation of the Internet. A quick diversion may be required here: AI isn’t Web3, although some people see it as a layer on top of Web3 technologies that helps people interact better with other people, and with machines. But to return to Web3, thus …

Crypto Investors Panic As India Plans To Bar Private Cryptocurrencies
3 years, 1 month ago

Crypto Investors Panic As India Plans To Bar Private Cryptocurrencies

ABP News  

Mumbai: The crypto exchanges in India have requested the investors not to get into panic selling after investors started selling cryptocurrencies, leading some of the leading exchanges to crash. Crypto markets crashed following news of the central government introducing a Bill in Parliament to prohibit all private cryptocurrencies, barring a few, to “promote the underlying technology of cryptocurrency and its …

How safe is India’s crypto gold rush for ordinary investors? | In Focus podcast
3 years, 1 month ago

How safe is India’s crypto gold rush for ordinary investors? | In Focus podcast

The Hindu  

These days, if you turn on the TV, there is no escaping the flood of However, the government has allowed this sector to mushroom in a regulatory vacuum. How real are the risks for investors putting their money into an unregulated ‘asset class’? And how likely is it that we can transition to a regulated ecosystem without some pain to …

Bitcoin Ban in India: What Experts Say on Crypto Future in Country Amid Govt Plans
3 years, 1 month ago

Bitcoin Ban in India: What Experts Say on Crypto Future in Country Amid Govt Plans

News 18  

India has recently taken a more keen note on cryptocurrencies, thanks to its robust growth in the country amid a lack of regulations. On Thursday, November 18, Prime Minister Narendra Modi said cryptocurrencies must not fall into the “wrong hands and spoil our youth”, urging all democratic nations to come together and ensure things like these do not happen. Speaking …

Bitcoin Ban in India: Know RBI and Central Government's Stand on Cryptocurrency
3 years, 1 month ago

Bitcoin Ban in India: Know RBI and Central Government's Stand on Cryptocurrency

News 18  

In a meeting chaired by Prime Minister Narendra Modi recently, the Union government and the Reserve Bank of India were not quite on the same page on cryptocurrency — a sector that has been silently blooming in India over the past few months. RBI governor Shaktikanta Das on the day reiterated the central bank’s worries about the digital token and …

Cryptocurrency Prices On November 9 2021
3 years, 1 month ago

Cryptocurrency Prices On November 9 2021

ABP News  

Cryptocurrency Prices Today, 9 November 2021: Check and compare cryptocurrency prices. Get to know how much bitcoins, Ethereum, Litecoin, Ripple, Dogecoin and other cryptocurrencies rate, value, worth today, compare prices, and check market capital across all the top Indian exchanges. Cryptocurrency Prices in India: Cryptocurrency remains a volatile market, and prices change very frequently. Cryptocurrency Price List Chart: Coin Name …

Paytm hints at Bitcoin offerings but only if India legalises it
3 years, 1 month ago

Paytm hints at Bitcoin offerings but only if India legalises it

India Today  

Joining other financial majors around the globe, India's Paytm has shown an interest in cryptocurrencies. It seems that the company would consider offering services around cryptocurrencies like Bitcoin through its platforms, but only if they get regulatory approval in India. In an interview with Bloomberg TV, Paytm Chief Financial Officer Madhur Deora said that the laws around cryptocurrencies in India …

In India, 7.3% of the population owned digital currency in 2021, seventh highest in the world: U.N.
3 years, 5 months ago

In India, 7.3% of the population owned digital currency in 2021, seventh highest in the world: U.N.

The Hindu  

Over seven per cent of India’s population owns digital currency, according to the U.N., which said that the use of cryptocurrency rose globally at an unprecedented rate during the COVID-19 pandemic. The U.N. trade and development body UNCTAD said that in 2021, developing countries accounted for 15 of the top 20 economies when it comes to the share of the …

India may soon move to classify bitcoin as asset class, says report
3 years, 6 months ago

India may soon move to classify bitcoin as asset class, says report

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy India could be moving away from its earlier hostile stance towards cryptocurrencies and …

Discover Related