India has become vigilant about decentralized communication technology after issuing an order to GitHub to disable Bitchat, an offline communication tool developed by Jack Dorsey. This happened when protesters were resorting to using Bluetooth mesh communication technology amid internet shutdowns in protest areas. Indian Cyber Crime Coordination Center, issued the
India is currently evaluating its crypto policy in the long run. While the regulatory bodies adopt a cautious stance towards digital assets. According to recent internal government papers, the RBI has reiterated its recommendation regarding restrictions on cryptocurrencies and stablecoins. Reuters reported any cryptocurrencies. Also, keeping themselves free from direct
A major USDT supply squeeze has hit India’s USDT market, sending the price premiums of the stablecoin past its usual trading band. As per a report from The Economic Times, USDT was sold at around 102.88 INR on Saturday, whereas the USD/INR foreign exchange ratio stood at 94.65 on Friday.
India’s Central Bureau of Investigation (CBI) has arrested Ayush Varshney, co‑founder and Chief Technology Officer of Darwin Labs Private Limited, in connection with the alleged GainBitcoin cryptocurrency fraud, officials said on Wednesday. The alleged scam is now estimated to be worth at least ₹20,000 crore and is believed to involve
A recent project research from Gujarat National Law University advises India to create a clear crypto-asset regulatory framework, proposes a systematic framework for regulation, and provides a thorough analysis of India’s actual stance on crypto-assets. The project report, titled “Crypto-Assets in India: Assessing the Case for Regulation.” Which was prepared
As more women enter the Indian cryptocurrency market, the overall crypto picture has evolved significantly. According to the most recent CoinDCX report published on March 6, the number of female investors rose by 116.8% in the most recent yearly growth cycle, which reflects increasing participation across both metro and non-metro
The Indian Government has amended tax rules for digital assets in response to the overall reporting framework and updates to CRS, an acronym for Common Reporting Standard. It has also clarified simple compliance for low-risk accounts while setting important guidelines for financial institutions. Market experts have hailed the move by
Indiana has officially entered the crypto domain, with Governor Mike Braun signing House Bill 1042 into law, allowing for digital asset options for investment for specific state-managed retirement plans. After clearing both chambers of the Indiana General Assembly, the bill obtained final approval from the governor on March 4. While
India moves ahead in its blockchain adoption as the Ministry of Electronics and IT (MeitY) has launched the Blockchain India Challenge to promote innovative blockchain solutions for improving government services across key sectors. According to the press release published on February 24, the Blockchain India Challenge was unveiled by S.
AAP MP Raghav Chadha addressed the Rajya Sabha, urging the Indian government to legalise Virtual Digital Assets as a formal asset class. He noted that the government has already started taxing digital assets but has failed to accord them the requisite legal classification. Chadha noted that the tax structure requires
