india crypto

Indian Finance Minister: Crypto Ban, Regulation Effective Only With Significant International Collaboration

July 19, 2022 Bitcoin.com

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India’s finance minister has informed parliament that the central bank, the Reserve Bank of India (RBI), wants cryptocurrencies to be prohibited. However, she noted that “any legislation for regulation or for banning can be effective only after significant international collaboration.” Indian Finance Minister on Crypto Ban and Regulation Indian Finance Minister Nirmala Sitharaman answered some […]

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Solana ETF Momentum Grows Amid Reports of SEC Engagement

Indian Government Finalizing Crypto Consultation Paper — ‘We Are Looking at a Global Paradigm on Digital Assets’

May 31, 2022 Bitcoin.com

Ajay Seth

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 “There has to be a broad framework on which all economies have to be together.” Economic Affairs Secretary Ajay Seth on […]

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Solana ETF Momentum Grows Amid Reports of SEC Engagement

Indian Parliament Member Asks Government to Tax Crypto Income More Than 30%

March 29, 2022 Bitcoin.com

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An Indian parliament member has urged the government to increase the tax on crypto income from the current proposed rate of 30%, stressing that crypto trading is similar to gambling. He has also requested that the goods and services tax (GST) be imposed on the total transaction value of crypto. Indian Parliament Member Wants to […]

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Solana ETF Momentum Grows Amid Reports of SEC Engagement

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

December 20, 2021 Bitcoin.com

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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 […]

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Solana ETF Momentum Grows Amid Reports of SEC Engagement

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

December 17, 2021 Bitcoin.com

bitcoin.com

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, […]

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Solana ETF Momentum Grows Amid Reports of SEC Engagement

Indian Government to Make Additional Changes to Crypto Bill: Report

December 16, 2021 Bitcoin.com

bitcoin.com

The Indian government is reportedly making additional changes to the country’s crypto bill. The bill, which is listed for the current session of parliament, may be taken up in the budget session instead. According to reports, the government could also “consider bringing an ordinance or special order after the session.” Indian Crypto Bill Needs More […]

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Solana ETF Momentum Grows Amid Reports of SEC Engagement

Indian Prime Minister Narendra Modi to Take Final Decision on Cryptocurrency Regulation

December 10, 2021 Bitcoin.com

bitcoin.com

A high-level meeting is reportedly being held on cryptocurrency regulation in India and Prime Minister Narendra Modi will take a final decision on how India will regulate the crypto sector. All options are being discussed including full and partial regulation as well as a complete ban and a partial ban. Indian Crypto Regulation to Be […]

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Solana ETF Momentum Grows Amid Reports of SEC Engagement

India’s Cryptocurrency Legislation Will Be ‘Distinct and Unique,’ Says Lawmaker

September 9, 2021 Bitcoin.com

Assets

The chairman of India’s Parliamentary Standing Committee on Finance explains that cryptocurrency legislation in India will be “distinct and unique.” He added, “We have to balance stability and growth but we recognize how important this whole area of crypto is.” Lawmaker Provides an Update on Crypto Legislation Jayant Sinha, a lawmaker of the ruling Bharatiya […]

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Solana ETF Momentum Grows Amid Reports of SEC Engagement

Indian ‘Crypto King’ Arrested by Narcotics Control Bureau — Wazirx Says Not Our User

June 19, 2021 Bitcoin.com

bitcoin.com

India’s Narcotics Control Bureau (NCB) has arrested a Mumbai resident known as “crypto king,” who allegedly used bitcoin to purchase narcotics on the dark web. Indian cryptocurrency exchange Wazirx says the accused is not one of its customers. ‘Crypto King’ Arrested in India A Mumbai resident, Makarand Pardeep Adivirkar, also known as “crypto king” in […]

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Solana ETF Momentum Grows Amid Reports of SEC Engagement

Indian Government to Set up Panel of Experts to Take a Fresh Look at Regulating Cryptocurrencies: Report

May 20, 2021 Bitcoin.com

ban bitcoin

The Indian government is reportedly looking to form a new “panel of experts” to focus on ways to regulate the cryptocurrency industry in the country. “There is a view within the government that the recommendations made by Subhash Garg are dated and a fresh look is needed at use of cryptos rather than a total […]

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Solana ETF Momentum Grows Amid Reports of SEC Engagement