india cryptocurrency

India Working on Offline Transferability of Digital Rupee, Says Central Bank Governor

May 8, 2024 Bitcoin.com

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India’s central bank, the Reserve Bank of India (RBI), is in the process of making its central bank digital currency (CBDC) available without relying on internet access. RBI Governor Shaktikanta Das has emphasized the importance of ensuring the digital rupee’s ease of use. RBI Governor Updates Digital Rupee Progress During an event hosted by the […]

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SEC insists that Coinbase ‘just does not like the answer’

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

April 12, 2023 Bitcoin.com

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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 […]

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SEC insists that Coinbase ‘just does not like the answer’

India Brings Crypto Transactions Under Prevention of Money Laundering Act

March 11, 2023 Bitcoin.com

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India’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 […]

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SEC insists that Coinbase ‘just does not like the answer’

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

February 23, 2023 Bitcoin.com

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Indian 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, […]

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SEC insists that Coinbase ‘just does not like the answer’

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

February 1, 2023 Bitcoin.com

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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 […]

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SEC insists that Coinbase ‘just does not like the answer’

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

January 21, 2023 Bitcoin.com

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An 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 […]

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SEC insists that Coinbase ‘just does not like the answer’

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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SEC insists that Coinbase ‘just does not like the answer’

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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SEC insists that Coinbase ‘just does not like the answer’

Indian Government Reveals How It Plans to Tax Cryptocurrency Transactions

March 22, 2022 Bitcoin.com

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India’s ministry of finance has clarified in parliament how the government plans to tax cryptocurrency transactions. A proposed new section to the Income Tax Act states that gains from crypto transactions will be taxed at 30% while losses cannot be deducted. Indian Government Reveals Taxation Plan The Indian ministry of finance answered some questions Monday […]

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SEC insists that Coinbase ‘just does not like the answer’

Indian Parliament Member Clarifies Legal Status of Cryptocurrency

February 13, 2022 Bitcoin.com

bitcoin illegal india

Cryptocurrency is currently a gray area in India. It is neither legal nor illegal. A parliament member, India’s finance secretary, and the minister of finance have recently clarified the legal status of cryptocurrency in India. Legal Status of Crypto in India Following the finance minister’s announcement to tax cryptocurrency income, the question of whether crypto […]

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SEC insists that Coinbase ‘just does not like the answer’