Indian Government Consulting With Central Bank RBI on Crypto — ‘There Is Complete Harmony’

Indian Government Consulting With Central Bank RBI on Crypto — 'There Is Complete Harmony'The Indian government is consulting with the Reserve Bank of India (RBI) on crypto policies. According to the finance minister, the government and the central bank are in “complete harmony” on crypto and other issues. Indian Government and Central Bank Discussing Crypto Policies Internally Indian Finance Minister Nirmala Sitharaman revealed Monday that the government is […]

Indian Government ‘Constantly Monitoring’ Crypto Sector, Says Finance Minister

Headline: Indian Government ‘Constantly Monitoring’ Crypto Sector, Says Finance MinisterIndia’s finance minister, Nirmala Sitharaman, has reportedly revealed that the government is “constantly monitoring” and “watching the crypto sector.” Referring to her budget speech, she noted that crypto taxation will be implemented before the central bank, the Reserve Bank of India (RBI), issues its digital currency. Indian Finance Minister on Monitoring Crypto Sector and RBI’s […]

60,000 Indians Petition Government to Lower Crypto Tax to Avoid ‘Devastating Impact’

60,000 Indians Petition Government to Lower Crypto Tax to Avoid 'Devastating Impact'Many Indians have signed a petition for the government to introduce reasonable crypto tax policies. This week, India’s finance minister, Nirmala Sitharaman, proposed taxing crypto income at 30%. Indians Sign Petition Urging Government to Rethink Crypto Tax Proposal A petition has been initiated on Change.org for the government of India to “introduce reasonable crypto tax […]

Government Official Discusses Indian Crypto Policy, Global Regulations, G20 Meeting

Indian Government Official Discusses Cryptocurrency Regulation, Global Crypto Consensus, G20 MeetingIndia’s economic affairs secretary, Ajay Seth, has provided an update on what the Indian government is doing in terms of finalizing cryptocurrency legislation. He expects crypto regulation to be discussed at the upcoming G20 meeting for finance ministers and central bank governors. Economic Affairs Secretary Discusses Cryptocurrency Regulation in India India’s economic affairs secretary, Ajay […]

India’s Prime Minister Modi Calls for Global Collaboration on Crypto — Says ‘We Have to Have a Similar Mindset’

India's Prime Minister Calls for Global Collaboration on Crypto — Says 'We Have to Have a Similar Mindset'India’s prime minister, Narendra Modi, has called on governments worldwide to collaborate on cryptocurrency. He pointed out that “The kind of technology that is associated with it, the decisions taken by a single country will be insufficient to deal with its challenges.” Indian Prime Minister Urges ‘Every Country, Every Global Agency’ to Collaborate on Cryptocurrency […]

India’s Monetary Policy Committee Member: Total Crypto Ban Is Difficult to Implement, Crypto Assets Should Be Regulated

India's Monetary Policy Committee Member: Total Crypto Ban Is Difficult to Implement, Crypto Assets Should Be RegulatedA renowned economist who is a member of India’s Monetary Policy Committee says that a total cryptocurrency ban is difficult to implement and “would only increase illegal activities and participation in the darknet.” She believes that crypto assets should be regulated. Monetary Policy Committee Member Says a Complete Crypto Ban Is Difficult to Implement Ashima […]

Indian Regulator SEBI Wants Mutual Funds to Stay Away From Crypto Investments Until Legislation Is Finalized

Indian Regulator SEBI Asks Mutual Fund Companies Not to Invest in Crypto Before Legislation Is FinalizedThe Securities and Exchange Board of India (SEBI) has reportedly asked mutual fund companies not to get involved or invest in any type of crypto asset-based investments until the Indian government has come up with cryptocurrency legislation. SEBI Asks Mutual Fund Companies to Wait for Crypto Legislation The chairman of the Securities and Exchange Board […]

Former Finance Secretary Doubts Indian Government Understands Crypto

Former Finance Secretary Doubts Indian Government Understands CryptoThe Indian government has not introduced the cryptocurrency bill that was listed to be taken up in the winter session of parliament. Former Finance Secretary Subhash Chandra Garg says he has no confidence in the ability of the Indian government to figure out crypto. Garg headed the inter-ministerial committee that drafted the original crypto bill […]

Indian Lawmaker Says Crypto Must Be Blocked if Used for Illegal Purposes

India’s minister of state for external affairs says that cryptocurrencies must be blocked if they are used for illegal purposes, such as “to launch cyber-attacks in India, to launch other attacks on India, to do other kinds of illegal and unethical work like drug trafficking.” Meanwhile, the Indian government is reportedly making changes to the […]

Indian Crypto Exchange Says 82% of Users Earn Profits This Year, Trading Volume Soars 1,735%

Indian Crypto Exchange Says 82% of Its Users Earned Profits This Year, Trading Volume Soars 1,735%A major cryptocurrency exchange in India, Wazirx, has reported “a massive surge in user signups” this year, with 82% of its users making profits on their crypto investments. Its trading volume also rose 1,735% from the previous year. Meanwhile, the Indian government is actively working on the country’s crypto regulation. $43 Billion in Trading Volume, […]