The Indian Finance Minister declared that the RBI recommended crypto regulation. Government expects international collaboration for any effective regulation. The Indian Finance Minister, Nirmala Sitharaman has recently revealed that the Reserve Bank of India (RBI) has put forward a suggestion to the government, to frame cryptocurrency regulations. The government needs
An additional element came into play in India: a 1% TDS from July 1st, 2022. Prices of cryptocurrencies like Bitcoin and Ethereum have continued to plummet. Inflation, rate hikes, and increasing fuel prices have all affected the volume of crypto exchange activity. From July 1, 2022, onwards, an additional element
Top cryptocurrency exchange, LBank, contributes to the local group — Rock and Anchor, to aid children in rural India.This charity initiative spurs from the exchange’s magnanimous effort to reach several local communities in different parts of the world in a bid to reduce poverty and social exclusion of the poorer
ED has attached $140 million worth of assets to the Morris crypto scam case. Now the total assets attached to Morris’ cheating case are $507.2 million. The Morris coin cryptocurrency cheating case has an update from the Directorate of Enforcement (ED), around $140 million in assets were added to the
The FSR 2022 records various statements highlighting the risks in the crypto market. 1% tax on crypto transactions reduced the volume of trading to 50% quantity. By June end, the Reserve Bank of India (RBI) released its annual financial stability report (FSR) 2022, where the RBI governor warned everyone stating
The Advertising Standards Council of India (ASCI) has received nearly 500 complaints about violating the regulations according to the proposed standards. The number of complaints accounts for 453 out of which 419 were confirmed violating. The recent advertisers and influencers have produced contact majorly on crypto or digital assets. But
Vanakkam Web3 Meet-up was held to discuss the NFTs accessible. Onmeta is India’s reliable fiat-crypto gateway. Vanakam Web3 Chennai meetup was held on Sunday in World Trade Centre in Perungudi. The event was hosted by Kissflow a cloud-based forms automation and Chaal Pritam, a blockchain developer, and full-stack JS organized
Banks are reluctant to accept crypto transactions because of regulatory uncertainties. Trading volumes at CoinDCX have dropped 40% since the UPI ban. CoinDCX’s chief operating officer, Mridul Gupta, had joined the crypto exchange CoinDCX last year, where he hopes “to drive growth for CoinDCX business and build India’s leadership in
The company had intended to recruit over 1,000 people in India in 2022. Armstrong had blamed “informal pressure” from the central bank for suspending its UPI. Coinbase, based in the United States, has reduced its Indian employment by 8% after initially announcing plans to triple its Indian personnel. According to
Last year, the government wanted to award the role of crypto regulation to SEBI. Stars might face heavy fines for promoting a false or deceptive claim in a commercial. The Securities and Exchange Board of India (SEBI), India’s market regulator, collaborates with the Reserve Bank of India (RBI) on crypto-related
