Government is reportedly thinking about changing its stance on cryptocurrency
1 month, 4 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. While there have been calls for a multi-regulatory framework for crypto in India, the report on the shift in the government’s stance regarding the digital currency, brings hope for traders in India. Let’s hope the delay in the discussion paper on cryptocurrency, which was supposed to be released in September 2024, will only bring good news for crypto traders in the country.

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History of this topic

Pakistan Moves To Legalise Cryptocurrency To Attract Foreign Investment. Will India Follow Suit?
1 week, 4 days 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 …

Pakistan launches crypto council to integrate blockchain technology with financial landscape
2 weeks, 2 days ago

Pakistan launches crypto council to integrate blockchain technology with financial landscape

The Hindu  

Pakistan has officially launched the national crypto council to regulate and integrate blockchain technology and digital assets into the country’s financial system. India reviewing crypto position due to global changes, senior official says The Pakistan Crypto Council would regulate, promote, and incorporate blockchain and cryptocurrency innovations into Pakistan’s economic framework. "The establishment of the Pakistan Crypto Council is a step …

Intel agency pins 'suspicion' of crypto being used for terror financing, drugs trafficking in India
2 weeks, 5 days 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 …

Realign policies of RBI to changing economic realities
3 weeks, 2 days ago

Realign policies of RBI to changing economic realities

New Indian Express  

Under the new leadership, the Reserve Bank of India is ‘undoing’ some of the measures taken during the previous regime to allow the banking system to breathe easy. By the time Sanjay Malhotra took the reins of the central bank from Shaktikanta Das in December last year, India’s growth had slowed down to 5.6 percent, and the equity market was …

What is Crypto? Is it Legal in India? All You Need to Know
Trending News
3 weeks, 3 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
3 weeks, 3 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 & The Indian Economy: How New Income Tax Bill Marks A Pivotal Moment
3 weeks, 3 days ago

Crypto & The Indian Economy: How New Income Tax Bill Marks A Pivotal Moment

ABP News  

By Vikram Subburaj Digital assets in India have evolved into a complex intersection of technological innovation, regulatory calibration, and fiscal oversight. Recent developments, notably the Union government’s initiative to draft a comprehensive concept paper on crypto and the introduction of the Income Tax Bill, 2025, in the Lok Sabha, signal a pivotal moment in India’s crypto journey. Income Tax Bill, …

Crypto Can’t Stop Fighting Itself
3 weeks, 6 days ago

Crypto Can’t Stop Fighting Itself

Politico  

“They all hate each other,” Carter said, adding: “But they hate outsiders more.” Hopes have surged that crypto-friendly legislation can make it through Congress after years of negotiations, as prominent firms push for rules tailored more specifically to digital assets. Paolo Ardoino, whose company Tether issues the world’s largest stablecoin, posted on X that the draft legislation was an effort …

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, 4 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, 4 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, 4 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 …

India reviewing crypto stance amid global policy shift: Report
1 month, 4 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 …

'We Are Disappointed': Budget 2025 Offers No Relief for Crypto Sector, Industry Voices Concerns
1 month, 4 weeks ago

'We Are Disappointed': Budget 2025 Offers No Relief for Crypto Sector, Industry Voices Concerns

ABP News  

Budget 2025: The crypto industry expressed dismay over the Union Budget 2025, which maintained the current tax structure for Virtual Digital Assets without offering the much-anticipated relief. Shekhar added, "However, with no direction being provided towards the future of Virtual Digital Assets and their regulations has left the huge crypto ecosystem in the country disappointed." 'High Tax Burden Driving Away …

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 …

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 …

Crypto tax cuts in Budget 2025? Indian industry hopes for relief from FM Nirmala Sitharaman
2 months, 2 weeks ago

Crypto tax cuts in Budget 2025? Indian industry hopes for relief from FM Nirmala Sitharaman

Live Mint  

As the Union Budget 2025 approaches, the cryptocurrency industry in India anticipates a more favourable tax and regulatory environment. Crypto sector seeks income tax reforms ahead of Union Budget 2025 "The 1% TDS on crypto transactions led many investors and traders to turn towards foreign exchanges, making it harder for the government to track activity. A reduction of TDS down …

From Bitcoin’s rise to WazirX’s woes: What’s in store for crypto watchers in 2025?
2 months, 3 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 …

How Bitcoin and other cryptocurrency made a strong comeback in 2024
3 months ago

How Bitcoin and other cryptocurrency made a strong comeback in 2024

Firstpost  

As the year 2024 ends, here is a look at the performance of cryptocurrency, especially bitcoin, that turned fortune of the investors within days Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture. Crypto was not much known to a common man or small scale investors till the digital …

Rupee-backed stablecoins could complement RBI’s digital currency
3 months ago

Rupee-backed stablecoins could complement RBI’s digital currency

Live Mint  

The past decade has witnessed the astronomical rise of crypto assets around the world. Rupee-backed stablecoins would complement the Reserve Bank of India’s Central Bank Digital Currency, namely the e-rupee that is being tested out. However, the combination of rupee-backed stablecoins and the e-rupee could aid in the creation of an egalitarian and free digital finance ecosystem in India. As …

Indians Have Rejected Crypto. But 2025 Could Change That
3 months, 1 week 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 …

Governments and banks once mocked Bitcoin. Now they want in on it
3 months, 1 week ago

Governments and banks once mocked Bitcoin. Now they want in on it

Al Jazeera  

After topping $100,000, Bitcoin supporters see the cryptocurrency soaring even higher. Despite once labelling Bitcoin “a scam”, Trump has emerged as arguably the world’s most powerful advocate for the asset. “There’s now this growing feeling that the 21st century will be the century of Bitcoin.” Keiser spotted Bitcoin’s potential early on and advised people to buy it when its value …

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 …

Bitcoin reflects a fast changing global financial system landscape
3 months, 3 weeks ago

Bitcoin reflects a fast changing global financial system landscape

China Daily  

The price of Bitcoin has exceeded $100,000 recently. The development of the financial internet model will have an important impact on the cryptocurrency market and the global financial infrastructure. The cryptocurrency market represented by Bitcoin will become an important part of the global financial system, and Bitcoin's market value will continue to expand with the development of the entire market. …

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 …

India on the sidelines as the future of finance dawns
4 months, 1 week 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, 1 week 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 …

Why Bitcoin, cryptocurrencies often face political heat? Virtual currency's legal status, its future explained
4 months, 1 week ago

Why Bitcoin, cryptocurrencies often face political heat? Virtual currency's legal status, its future explained

India TV News  

Amit intense poll battle in Maharashtra, just a day before crucial voting in the state assembly elections, the Bharatiya Janata Party alleged National Congress Party leader Supriya Sule and state Congress chief Nana Patole's involvement in a cryptocurrency fraud. The Reserve Bank of India too has been skeptical about the use of private crypto assets and considers it as a …

Will Bitcoin's revival boost India's appetite for cryptos despite high taxes?
4 months, 2 weeks 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 …

Bitcoin hits new highs: Is Trump’s pro-crypto agenda the catalyst?
4 months, 2 weeks ago

Bitcoin hits new highs: Is Trump’s pro-crypto agenda the catalyst?

Firstpost  

Donald Trump’s re-election has sparked a crypto frenzy, sending Bitcoin soaring past $80,000 as investors anticipate a friendlier regulatory landscape. With Trump pledging to make the US the ‘crypto capital of the world’ and even proposing a national Bitcoin reserve, digital assets are gaining unprecedented momentum Republican presidential nominee and former US President Donald Trump speaks at the Bitcoin 2024 …

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.

Bengaluru auto driver gains social media fame for accepting cryptocurrency
7 months, 1 week ago

Bengaluru auto driver gains social media fame for accepting cryptocurrency

New Indian Express  

In Bengaluru, a city celebrated for its tech-savvy culture, a local auto-rickshaw driver has captured widespread attention by accepting cryptocurrency as payment for rides. His forward-thinking approach was spotlighted in a viral social media post shared on August 18, featuring a photo of the driver standing beside his auto-rickshaw, proudly displaying a sign that reads, “We accept cryptocurrency.” The post …

Crypto industry players see light at end of tunnel despite regulatory vacuum. Here’s why
7 months, 3 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 …

Book Review: Mitali Mukherjee’s ‘Crypto Crimes’ makes a compelling case for regulating cryptocurrency
9 months, 2 weeks ago

Book Review: Mitali Mukherjee’s ‘Crypto Crimes’ makes a compelling case for regulating cryptocurrency

The Hindu  

Published : Jun 12, 2024 11:00 IST - 6 MINS READ Cryptocurrency is accessible anywhere. Mitali Mukherjee’s book Crypto Crimes deals with this alluring asset class that has the potential to exist beyond the reaches of governments and conventional financial institutions or at least dodge easy scrutiny by governments. Crypto Crimes: Inside India’s Best-Kept Secret By Mitali Mukherjee HarperCollins India …

Retail investors should be cautious about Cryptos says RBI
10 months, 1 week 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's New World Order: Who's Rising to the Top in 2024?
1 year ago

Crypto's New World Order: Who's Rising to the Top in 2024?

Deccan Chronicle  

In 2024, the cryptocurrency landscape is undergoing significant shifts, with new players emerging and established leaders adapting to the evolving market dynamics. As the industry continues to mature, a new world order is taking shape, reshaping the power dynamics and influencing the future trajectory of digital assets. Projects like China's Digital Currency Electronic Payment and the European Central Bank's digital …

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

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, 2 months 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 …

Crypto Market Update: Bitcoin (BTC), Retik Finance (RETIK), and Solana (SOL) Top Google Cryptocurrency Searches in January 2024
1 year, 2 months ago

Crypto Market Update: Bitcoin (BTC), Retik Finance (RETIK), and Solana (SOL) Top Google Cryptocurrency Searches in January 2024

ABP News  

New Delhi, January 19: In the early days of 2024, the cryptocurrency market has been buzzing with activity. While well-known cryptocurrencies like Bitcoin are still in the spotlight, the most searched-for cryptocurrencies in January, according to Google Trends, are Retik Finance and Solana. Retik Finance : Utility Token with Highest Investor Interest in January 2024 Imagine effortlessly using your cryptocurrency …

India need not rush in where the US dares to go
1 year, 2 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 …

Crypto In Developing Economies: Opportunities & Challenges
1 year, 3 months ago

Crypto In Developing Economies: Opportunities & Challenges

ABP News  

In the ever-evolving landscape of global finance, cryptocurrencies have emerged as a transformative influence, presenting opportunities and challenges for developing economies. Opportunities Let's start by looking at some opportunities: Accessibility Cryptocurrencies are a valuable solution for developing countries facing issues related to the lack of accessibility to traditional financial systems. Inflation And Counterfeit Cryptocurrencies are gaining traction in developing countries …

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 …

A timeline of crypto regulations: From ‘illegal tender’ to G20’s nod
1 year, 5 months ago

A timeline of crypto regulations: From ‘illegal tender’ to G20’s nod

Live Mint  

Finance ministers of G20 nations have now adopted the synthesis paper released by Financial Stability Board and International Monetary Fund that carries a number of suggestions on regulations of cryptocurrencies. Here is the timeline of regulatory evolution that the digital currencies have undergone: Feb 1, 2018: Then Finance Minister Arun Jaitley, during the Budget Speech, said government did not consider …

‘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 …

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