Indian Finance Minister, Nirmala Sitharaman presented the Finance Budget 2023 for the nation on the 1st of February in Lok Sabha. And the blockchain, or cryptocurrency, or on a whole the digital assets have not gained any special mentions. But Tax Deducted at Source (TDS) penalty introduction does have an
Decipher 2022, a second annual gathering of the Algorand foundation held in Dubai was a massive success. The active community engagement portrayed confidence in the existing blockchain technology. The following is an exclusive interview of delegates conducted by TheNewsCrypto. Ownify Ownify Technologies Limited was founded in October 2022 and registered
Indian executives are opening up their thoughts about cryptocurrencies and digital assets to the world. One such personality is the Minister of State for Electronics & Information Technology and Skill Development & Entrepreneurship, Shri Rajeev Chandrasekhar. India’s Electronics and IT Minister at the Itech Law International Conference 2023 informed, the
When it comes to Bitcoin and other digital currencies, the Reserve Bank of India (RBI) has issued a strong warning. Governor of the Reserve Bank of India Shaktikanta Das said, in light of the FTX disaster, that such illiquid instruments “are nothing but gambling” and that their apparent value is
WazirX, India’s biggest cryptocurrency exchange, said on Wednesday that it had disclosed its proof-of-reserves (PoR) and had a reserves-to-liabilities ratio of more than 1:1. Among the $286.10 million in reserves reported by WazirX. The Shiba Inu (SHIB) token is the largest at about $54 million. WazirX, a cryptocurrency exchange, said
This past Thursday, the Reserve Bank of India (RBI), India’s central bank, published its monthly Financial Stability Report (FSR) for the month of December. The 172-page report touches on topics including blockchain-based assets, CBDCs issued by governments, and decentralized finance (DeFi). The RBI report acknowledges the difficulty of attempting to
Decipher 2022, a second annual gathering of the Algorand foundation held in Dubai was a massive success. The active community engagement portrayed confidence in the existing blockchain technology. The following is an exclusive interview of delegates conducted by TheNewsCrypto. About Anil Kakani Anil Kakani is the Algorand Foundation’s country head
At a session titled “Digital Rupee: A Way Forward.” Executive director of the Reserve Bank of India Ajay Kumar Choudhary said that adopting digital currency will greatly improve system operating efficiency and advance financial inclusion. Furthermore, Choudhary argues that transitioning to a digital rupee will provide new levels of stability.
CoinSwitch, an Indian crypto app has released a report, detailing the nuances of the crypto activities in the nation. “India’s Portfolio 2022” is an encyclopedic record of the people and region regarding crypto and other virtual Defi assets. CoinSwitch tweeted: Which Indian city leads crypto adoption?Which cryptos does India love
The Reserve Bank of India (RBI) stated on Tuesday that it would begin testing its retail central bank digital currency (CBDC), the digital rupee, in Mumbai, New Delhi, Bengaluru, and Bhubaneswar with the first cooperation of four banks: State Bank of India, ICICI Bank, Yes Bank, and IDFC First Bank.
