1. Home
  2. india crypto

india crypto

Indian Finance Minister Says Crypto Assets Cannot Be Currencies — Expects ‘Some Framework Emerging’ From G20 Discussion

Indian Finance Minister Says Crypto Assets Cannot Be Currencies — Expects ‘Some Framework Emerging’ From G20 DiscussionIndian Finance Minister Nirmala Sitharaman has stated that it is the position of the Indian government that crypto assets cannot be currencies, which are issued by central banks. She clarified that crypto assets can be used for trading, speculation, profit-making, and various other purposes. Moreover, she noted that India has raised the issue of crypto […]

SWIFT Plans to Launch CBDC Interconnection System in Next Two Years

India Seeks Common Crypto Framework for All Countries to Deal With ‘Many Collapses and Shocks in Cryptocurrencies’

India Seeks Common Crypto Framework for All Countries to Deal With ‘Many Collapses and Shocks in Cryptocurrencies’India’s finance minister, Nirmala Sitharaman, said during her official visit to the U.S. that crypto regulation is a very important part of the discussion by the G20 countries given “so many collapses and shocks in cryptocurrencies.” She stressed: “We seek to develop a common framework for all countries to deal with this matter.” India Seeks […]

SWIFT Plans to Launch CBDC Interconnection System in Next Two Years

Indian Government Answers Questions About Crypto Legalization, Fraud Prevention

Indian Government Answers Questions About Crypto Legalization, Fraud PreventionThe Indian government has responded to parliamentary questions about the legalization of cryptocurrency and the steps it has taken to prevent crypto-related fraud. “Crypto assets are currently unregulated in India. Frauds relating to crypto are dealt with under extant laws against fraud and cybercrime,” the Minister of State for the Ministry of Finance told parliament. […]

SWIFT Plans to Launch CBDC Interconnection System in Next Two Years

India Brings Crypto Transactions Under Prevention of Money Laundering Act

India Brings Crypto Transactions Under Prevention of Money Laundering ActIndia’s finance ministry has announced that crypto transactions will be covered under the Prevention of Money Laundering Act, 2002 (PMLA). Noting that the move “is a positive step in recognizing the sector,” a crypto insider explained that it will strengthen the industry’s efforts to prevent virtual digital assets “from being misused by bad actors.” India […]

SWIFT Plans to Launch CBDC Interconnection System in Next Two Years

India Asks IMF and FSB for Joint Paper to Help Formulate ‘Comprehensive’ Crypto Policy

India Asks IMF and FSB for Joint Paper to Help Formulate ‘Comprehensive’ Crypto PolicyIndia has asked the International Monetary Fund (IMF) and Financial Stability Board (FSB) to develop “a synthesis paper” on crypto assets as part of the G20 meeting of finance ministers and central bank governors under India’s presidency. “This would help in the formulation of a coordinated and comprehensive policy approach to crypto assets,” said India’s […]

SWIFT Plans to Launch CBDC Interconnection System in Next Two Years

Indian Finance Minister Pushes for International Cooperation on Crypto Regulation — Discusses Awareness Campaign

Indian Finance Minister Pushes for International Cooperation on Crypto Regulation — Discusses Awareness CampaignIndian Finance Minister Nirmala Sitharaman has stressed the importance of international cooperation in order to regulate the crypto sector. She also confirmed that Indian regulators’ crypto awareness campaign will continue to alert people about the risks of investing in crypto. Indian Finance Minister on Crypto Regulation, Bill, and Awareness Campaign India’s finance minister, Nirmala Sitharaman, […]

SWIFT Plans to Launch CBDC Interconnection System in Next Two Years

Indian Government Introduces New Crypto Tax Penalties

Indian Government Introduces New Crypto Tax PenaltiesThe Indian government has introduced new crypto tax penalties, including for non-payment of crypto tax deducted at source (TDS). Much to the disappointment of the crypto community, Finance Minister Nirmala Sitharaman did not mention crypto in her Budget speech this year. Crypto income remains taxed at 30% while TDS stays at 1%. No Crypto Tax […]

SWIFT Plans to Launch CBDC Interconnection System in Next Two Years

India Highlights Need for ‘Common Approach to Regulating Crypto Ecosystem’

India Highlights Need for ‘Common Approach to Regulating Crypto Ecosystem’India’s Finance Ministry has highlighted the necessity for “a common approach to regulating the crypto ecosystem” in its flagship Economic Survey this year. “Crypto assets are self-referential instruments and do not strictly pass the test of being a financial asset because it has no intrinsic cashflows attached to them,” the Indian government stated. Finance Ministry’s […]

SWIFT Plans to Launch CBDC Interconnection System in Next Two Years

Nothing Outlaws Crypto in India if Legal Procedures Are Followed, Says Government Official

Nothing Outlaws Crypto in India if Legal Procedures Are Followed, Says Government OfficialAn Indian government official says that there is currently nothing that outlaws crypto in India “as long as you follow the legal process.” Meanwhile, the country’s central bank, the Reserve Bank of India (RBI), has stressed that “cryptocurrency does not have any underlying value.” Indian Government Official on Crypto Indian government official Rajeev Chandrasekhar talked […]

SWIFT Plans to Launch CBDC Interconnection System in Next Two Years

Indian Finance Minister Asks Crypto Investors to Exercise Caution as Authorities Investigate Exchanges

Indian Finance Minister Asks Crypto Investors to Exercise Caution as Authorities Investigate ExchangesIndia’s finance minister has cautioned investors about cryptocurrency as the country’s Enforcement Directorate (ED) investigates a number of crypto exchanges and freezes the assets of some trading platforms. Indian Finance Minister Cautions About Crypto Indian Finance Minister Nirmala Sitharaman reportedly warned about cryptocurrency Saturday at an event organized by the BJP Economic Cell. She cautioned […]

SWIFT Plans to Launch CBDC Interconnection System in Next Two Years