Sat, November 2

India Forays Into Web3 With IWBDC Competition Launch

Envisioning the crypto industry, India wants to explore more with the development of Web3. As per the press release from the Ministry of Electronics and Information Technology (MeitY) on Wednesday, the browser foresees crypto token support for digitally signing documents, which would further strengthen the security of online transactions and

August 11, 2023 2 mins read

Indian Banks Encouraged to Adopt AI and Blockchain for Future

India’s central bank has put forward a recommendation for banks to embrace artificial intelligence and blockchain technology in order to achieve sustainable growth and ensure stability.  Deputy Governor Mahesh Kumar Jain, at a conference organized by the Reserve Bank of India (RBI) for directors of Indian banks, led a discussion on

May 31, 2023 1 min read

India Collects Rs 158 Crores Via TDS on Crypto Transactions

India, until March 2023 for the financial year 2022–23, a total of Rs. 157.9 crore has been collected in direct tax or deducted at source (TDS) on payments made upon transfer of virtual digital assets (VDAs) and cryptocurrencies. Cryptocurrencies and other VDAs are entitled to 1% TDS, which went into

March 29, 2023 1 min read

India Seeks to Explore Crypto Regulation Via G20

Despite the challenging global economic conditions, central bank officials strive to stabilize Asia’s third-largest economy. As the Indian Finance Minister Nirmala Sitharaman stated in a LokSabha question hour, the Group of 20 (G20) big economies are exploring “the possibility of regulating cryptocurrencies and crypto mining” as a group. While China

February 13, 2023 1 min read

India Government Will Soon Launch Crypto Awareness Campaign

The Indian government is initiating a crypto awareness campaign to educate investors on the legality of cryptocurrencies. In India, while highlighting the risks of investing in crypto assets. And the effort is said it is a first-of-its-kind crypto awareness campaign. It will be operated by the Investors Protection and Education

January 4, 2023 2 mins read

Indian Finance Minister Step-up to Low Inflation & Boost Economy

Central bank officials strive to stabilize Asia’s third-largest economy in the midst of challenging global conditions. While India’s Finance Minister Nirmala Sitharaman stated in the Reuters NEXT conference on Wednesday that she expects strong growth and lower inflation in the upcoming year. In addition, Nirmala Sitharaman specified Growth, health, and

December 1, 2022 1 min read

Indian Crypto Exchange Being Investigation under Enforcement Directorate

CoinDCX founder Sumit Gupta joined the investigation. CoinSwitch Kuber was also part of the investigation. Under the Foreign Exchange Management Act (FEMA), India’s Directorate of Enforcement (ED) has sent notifications to cryptocurrency exchanges requesting additional information and documents as part of its ongoing investigation into any alleged foreign exchange crimes

July 6, 2022 1 min read

Hackers Breached Indian PM Modi’s Twitter Account

Twitter announced that it had investigated the incident. The Modi government is now drafting laws to restrict cryptocurrency usage. Indian Prime Minister Modi’s official Twitter account sent a message on December 12th at midnight (IST) stating India had officially adopted Bitcoin as a legal tender. The government had bought 500

December 12, 2021 1 min read

Indian Prime Minister-Modi Lends Support to Cryptocurrencies

The Modi administration is considering legislation to regulate their use. The Bill will be presented to the Indian Parliament for consideration. United States President Joe Biden hosted a two-day virtual “Summit for Democracy” on December 9-10, drawing representatives from over 110 countries. China on Thursday accused the United States of

December 12, 2021 1 min read

India’s Richest Person-Mukesh Ambani Backs Bills on Data Privacy and Crypto

The Reserve Bank of India wants a full ban on digital currencies. Mr. Ambani has said that he is a huge supporter of blockchain technology. India’s wealthiest man, Mukesh Ambani, praised the country’s policies and legislation in favor of the proposed data privacy and cryptocurrency bills on Friday. Moreover, Ambani

December 5, 2021 1 min read