India

Modi Reappoints Nirmala Sitharaman as India’s Finance Minister — Investors Remain Concerned Over High Crypto Taxes

June 10, 2024 Bitcoin.com

Bitcoin

Indian Prime Minister Narendra Modi has reappointed Nirmala Sitharaman as Finance Minister. She remains instrumental in shaping India’s economic policies, including cryptocurrency regulation and taxation. Nirmala Sitharaman Reappointed as Finance Minister Indian Prime Minister Narendra Modi has reappointed Nirmala Sitharaman as Finance Minister, extending her tenure that began in 2019. Sitharaman, who delivered her sixth […]

New Altcoin Season Now in Sight, According to Crypto Strategist – Here’s Why

Indian Authority Busts Cryptocurrency Fraud Ring Targeting Foreign National

June 9, 2024 Bitcoin.com

bitcoin.com

India’s Enforcement Directorate (ED) has cracked down on a cryptocurrency fraud ring targeting a foreign national. The accused persuaded the victim to transfer $400,000 to a cryptocurrency account set up using unauthorized remote access. The ED seized digital evidence, froze fixed deposits, and confiscated jewelry connected to the case. The investigation is still ongoing. ED […]

New Altcoin Season Now in Sight, According to Crypto Strategist – Here’s Why

India Repatriates 100 Tonnes of Gold From UK, Aims to Move More

June 4, 2024 Bitcoin.com

Bank of England

According to local media reports, the Reserve Bank of India has repatriated 100 tonnes of gold that was held in the vaults of the Bank of England. The operation, carried out in special circumstances due to the quantity of gold moved, may be repeated as India seeks to hold more gold domestically for logistical reasons […]

New Altcoin Season Now in Sight, According to Crypto Strategist – Here’s Why

Dabba Announces Expansion of 10,000 New Wifi Hotspots in India Through Depin Program

May 27, 2024 Bitcoin.com

bitcoin.com

Dabba, a decentralized physical infrastructure network (Depin), has announced it will deploy 10,000 new wifi hotspots globally, aiming to enhance internet accessibility in underserved Indian regions. This expansion coincides with the upcoming token generation event on the Solana blockchain scheduled for July. Dabba’s Depin Initiative Targets India with 10,000 Wifi Hotspots The initiative, dubbed season […]

New Altcoin Season Now in Sight, According to Crypto Strategist – Here’s Why

Indian Finance Minister: Crypto Regulation Needs Global Consensus

May 20, 2024 Bitcoin.com

bitcoin.com

Indian Finance Minister Nirmala Sitharaman advocates for global consensus on cryptocurrency regulation, highlighting the need for international cooperation, particularly within the G20. She noted that while Indian regulators have differing opinions regarding how to treat crypto, there is currently no significant confusion. Indian Finance Minister on Crypto Regulation Indian Finance Minister Nirmala Sitharaman stressed the […]

New Altcoin Season Now in Sight, According to Crypto Strategist – Here’s Why

Indian Regulator Advocates Multi-Agency Approach for Crypto

May 18, 2024 Bitcoin.com

Binance

The Securities and Exchange Board of India (SEBI) has submitted its recommendations for regulating crypto assets to a government panel. SEBI suggests multiple regulators for different aspects of cryptocurrency trade. India’s central bank, the Reserve Bank of India (RBI), however, views crypto as a macroeconomic risk, highlighting concerns about tax evasion and fiscal stability. SEBI […]

New Altcoin Season Now in Sight, According to Crypto Strategist – Here’s Why

India’s SEBI recommends local regulators to monitor crypto trading

May 16, 2024 Coin Telegraph

bitcoin regulation

Documents reveal SEBI’s recommendation for distributed regulatory oversight of cryptocurrencies in India.

The Securities and Exchange Board of India (SEBI) has suggested that multiple regulators should oversee cryptocurrency trading in the country, according to recently disclosed documents seen by Reuters.

The documents suggest that a division within India’s financial authorities should handle the regulatory oversight. In a separate document, the Reserve Bank of India (RBI) argued that digital currencies pose a macroeconomic risk to the country.

Government officials submitted the documents to a panel tasked with advising the country’s finance ministry on policy, said Reuters.

New Altcoin Season Now in Sight, According to Crypto Strategist – Here’s Why

House overturns SEC’s anti-crypto guidance, Biden to veto: Law Decoded

May 13, 2024 Coin Telegraph

Australia

U.S. President Joe Biden may block the U.S. House of Representatives’ decision.

The United States House of Representatives has voted to pass a bill overturning controversial Securities and Exchange Commission (SEC) guidance preventing banks from owning crypto.

The House voted to pass a bipartisan bill titled H.J. Res 109, overturning the SEC’s Special Accounting Bulletin 121 (SAB 121) requiring banks to hold their customers’ crypto assets on their balance sheets, which is not the case for traditional assets such as securities.

Republican Party Representative Mike Flood — who introduced the resolution — said SAB 121 was unfair for banks looking to custody crypto, as custodial assets are “always considered off-balance sheet.”

New Altcoin Season Now in Sight, According to Crypto Strategist – Here’s Why

India’s Anti-Money Laundering Regulator Approves Registration for Binance and Kucoin: Report

May 10, 2024 The Daily Hodl

Binance

A financial regulator in India is reportedly approving crypto exchange platforms Binance and Kucoin for business within the nation after banning them last December. According to a new report by CoinDesk, Binance and Kucoin have been approved by India’s anti-money laundering regulator, who said the crypto exchanges registering will add “a little more credibility to […]

The post India’s Anti-Money Laundering Regulator Approves Registration for Binance and Kucoin: Report appeared first on The Daily Hodl.

New Altcoin Season Now in Sight, According to Crypto Strategist – Here’s Why

New Global Currency Designed To Ditch US Dollar, Avert Sanctions Emerging As BRICS Leaders Prepare To Meet: Report

May 5, 2024 The Daily Hodl

Brazil

A group of economically-aligned nations known as BRICS is reportedly hammering out the details on a new currency designed to drop dependence on the US dollar. South African Ambassador to China Siyabonga Cyprian Cwele says BRICS members will meet this month to discuss the specifics, reports the Chinese state-backed Global Times. On the agenda is […]

The post New Global Currency Designed To Ditch US Dollar, Avert Sanctions Emerging As BRICS Leaders Prepare To Meet: Report appeared first on The Daily Hodl.

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