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India Clarifies Rules for Controversial Tax Provision Ahead of Start Date
22.6.2022
An Indian government notification from the tax authorities has clarified key procedural elements of compliance to the new and controversial tax provision, 1% tax deducted at source (TDS), effective July 1, 2022
Russian Ruble Taps 7-Year High Against the US Dollar — Economist Says ‘Don’t Ignore the Exchange Rate’
21.6.2022
Recent news reports have detailed that Russia’s fiat currency, the ruble, was the best-performing currency worldwide and the articles explained that American economists were perplexed by the trend. On Monday, the Russian ruble rose to 55.47 per dollar, which was the highest increase since...
Coinbase Layoffs Include 8% of India Team
15.6.2022
The company yesterday said it was letting go 1,100 employees, or 18% of its global workforce
Indian Government’s Chief Economic Adviser Warns of Danger in Crypto, Defi Without Regulation
12.6.2022
The Indian government’s chief economic adviser has warned about innovations like crypto and decentralized finance (defi) in the absence of regulation. “We may not be fully aware or comprehend the kind of forces we are unleashing ourselves,” he opined. Indian Government’s...
Indian Regulator: Crypto’s Decentralized Nature Makes Regulation Challenging
8.6.2022
India’s market regulator, the Securities and Exchange Board of India (SEBI), says the decentralized nature of crypto assets makes consumer protection and regulatory enforcement challenging. SEBI on Crypto Regulation The Securities and Exchange Board of India (SEBI) reportedly told...
Indian Terra Investors Brace for Another Blow After LUNA 2.0 Airdrop Under New Tax Laws
6.6.2022
Terra network coin holders in India are facing a “double whammy” following the LUNAC and UST crash last month – and could be hit with 30% tax bills from the recent LUNA 2.0 airdrop.
The genesis airdrop was made on May 30, with LUNAC holders distributed tokens now known as LUNA. However...
CBDCs can “kill” private crypto: India's RBI deputy governor to IMF
4.6.2022
“One of the reasons it is so successful is because it's simple,” he added while comparing the Unified Payments Interface's (UPI) growth with blockchain technology
RBI Official: Central Bank Digital Currencies Could Kill Cryptocurrencies
4.6.2022
Reserve Bank of India (RBI) Deputy Governor T. Rabi Sankar says central bank digital currencies could “kill whatever little case there could be” for cryptocurrencies, like bitcoin and ether. RBI’s Deputy Governor Discusses Impact of CBDCs on Cryptocurrencies RBI Deputy Governor...
Another Bitcoin Mining Scrutiny, Layoffs at Crypto Exchanges, Binance in Canada + More News
2.6.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Another Bitcoin Mining Scrutiny, Layoffs at Crypto Exchanges, Binance in Canada + More News
Study: India Leads the World in NFT Gaming, Fewer P2E Players in Western Countries
2.6.2022
India is the global leader in non-fungible token (NFT) gaming, while the number of play-to-earn (P2E) players in developed countries like the U.S. and France is significantly lower than in much of the rest of the world, the latest data from Finder has shown. More People Plan to Play in the Future...
Nifty News: Prada launches new fashion NFT, P2E games witness growth in India
1.6.2022
Prada Timecapsule is set to launch on Thursday, Eurovision Winners Kalush Orchestra raised 50 ETH for Ukraine, P2E games see a rise in developing regions, and RTFKT's Loot Pod winners were announced
Polygon Increases KYC Scrutiny of Potential Investments and Grants in India
1.6.2022
Polygon is now requiring extensive customer details for prospective partners in India as regulatory scrutiny there grows, according to a source
India cooperates with IMF on crypto consultation paper
31.5.2022
The document, which could define a national framework for digital assets, is almost ready
Indian Government Finalizing Crypto Consultation Paper — ‘We Are Looking at a Global Paradigm on Digital Assets’
31.5.2022
India’s economic affairs secretary has reportedly revealed that the government’s consultation paper on cryptocurrency is “fairly ready.” He explained that the Indian government is looking at “a global paradigm on digital assets,” emphasizing that...
German Inflation Rate Jumps, Kazakhstan Mulls Higher Tax for Bitcoin Miners, Binance in Italy + More News
30.5.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: German Inflation Rate Jumps, Kazakhstan Mulls Higher Tax for Bitcoin Miners, Binance in Italy + More News
NFT Play-to-Earn Gaming Most Popular in India, Hong Kong, and UAE, Survey Finds
30.5.2022
Play-to-earn (P2E) games based on non-fungible tokens (NFTs) are most popular in India, where a whopping 34% of internet users who participated in a survey said that they had played such a game.
Following India was Hong Kong, where 29% said they had played a play-to-earn game, and the United...
India 'Fairly Ready' With Crypto Consultation Paper, Govt. Official Says
30.5.2022
A top Indian Finance Ministry official told reporters that the nation is close to finalizing a consultation paper on crypto after consultations with the IMF, World Bank and others
India’s Central Bank RBI to Adopt a ‘Graded Approach’ to Digital Currency Launch
29.5.2022
India’s central bank, the Reserve Bank of India (RBI), has proposed to adopt a “graded approach” to launching the country’s central bank digital currency (CBDC). The RBI also said it is exploring the pros and cons of introducing a digital rupee in India. RBI on...
India to roll out CBDC using a graded approach: RBI Annual Report
28.5.2022
Halfway through 2022, at the proof of concept stage, RBI is in the process of verifying the feasibility and functionality of launching a CBDC
The Curious Case of Coinbase's India Communications Strategy
27.5.2022
It is unclear who was behind the communications strategy of Coinbase. Was it a CEO or Founder speaking his mind? A strategic advisor who gave advice that was ignored or was the advice simply faulty