indian finance minister

India Calls on G20 to Bring Crypto Within Global ‘Automatic Exchange of Information’ Framework

July 17, 2022 Bitcoin.com

automatic exchange of information

India’s finance minister has called on the G20 countries to bring crypto within the “Automatic Exchange of Information” framework. More than 100 countries have adopted the Common Reporting Standard under the framework. G20 Urged to Bring Crypto Under Automatic Exchange of Information India’s finance minister, Nirmala Sitharaman, talked about cryptocurrency Friday during the G20 Ministerial […]

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Cartel-Linked Crypto Laundering Ring Disrupted by Federal Task Forces

India’s Decision on Crypto Regulation Will Not Be Rushed, Says Finance Minister

April 29, 2022 Bitcoin.com

Bitcoin

Indian Finance Minister Nirmala Sitharaman says that the country’s crypto policy will not be rushed. “Our intention is in no way to hurt the ecosystem, or to even say that we don’t need it,” she added. Finance Minister on Indian Crypto Regulation India’s finance minister, Nirmala Sitharaman, discussed cryptocurrency regulation Wednesday at a fireside chat […]

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Cartel-Linked Crypto Laundering Ring Disrupted by Federal Task Forces

Indian Government Consulting With IMF, World Bank on Crypto Policy

April 2, 2022 Bitcoin.com

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India’s government is consulting with the International Monetary Fund (IMF), the World Bank, and Indian regulators in order to form the country’s crypto policy. “We have reached out to institutional stakeholders within the country and outside. We are taking inputs from the IMF and the World Bank and incorporating these,” said an official from the […]

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Cartel-Linked Crypto Laundering Ring Disrupted by Federal Task Forces

Parliament Member Says 1% TDS Will Kill Crypto Asset Class in India, Urges Government to Reconsider

March 28, 2022 Bitcoin.com

1% TDS

An Indian parliament member has warned that imposing a 1% tax deducted at source (TDS) on every crypto transaction will kill the nascent asset class. This tax provision is contained in Finance Bill 2022 which Lok Sabha, the lower house of India’s parliament, has passed. However, India’s finance minister insists that the TDS on crypto […]

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Cartel-Linked Crypto Laundering Ring Disrupted by Federal Task Forces

Indian Government Consulting With Central Bank RBI on Crypto — ‘There Is Complete Harmony’

February 14, 2022 Bitcoin.com

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The Indian government is consulting with the Reserve Bank of India (RBI) on crypto policies. According to the finance minister, the government and the central bank are in “complete harmony” on crypto and other issues. Indian Government and Central Bank Discussing Crypto Policies Internally Indian Finance Minister Nirmala Sitharaman revealed Monday that the government is […]

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Cartel-Linked Crypto Laundering Ring Disrupted by Federal Task Forces

India Won’t Legalize or Ban Crypto at This Stage, Finance Minister Confirms

February 11, 2022 Bitcoin.com

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India’s finance minister has revealed the current status of crypto policy in India, including whether crypto will be legalized or banned in the country. The question surrounding the legitimacy of cryptocurrency was raised in parliament after the government announced that income from crypto transactions will be taxed at 30%. Finance Minister Reveals Status of Crypto […]

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Cartel-Linked Crypto Laundering Ring Disrupted by Federal Task Forces

RBI: Cryptocurrency Is a Big Threat to Macroeconomic and Financial Stability in India

February 10, 2022 Bitcoin.com

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The governor of India’s central bank, the Reserve Bank of India (RBI), has reiterated his concerns that cryptocurrency is a “big threat” to the country’s financial and macroeconomic stability. He also warned investors of the risks of investing in crypto, stating this type of investment has no underlying value. RBI’s Multiple Concerns About Crypto Reserve […]

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Cartel-Linked Crypto Laundering Ring Disrupted by Federal Task Forces

Indian Government ‘Constantly Monitoring’ Crypto Sector, Says Finance Minister

February 9, 2022 Bitcoin.com

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India’s finance minister, Nirmala Sitharaman, has reportedly revealed that the government is “constantly monitoring” and “watching the crypto sector.” Referring to her budget speech, she noted that crypto taxation will be implemented before the central bank, the Reserve Bank of India (RBI), issues its digital currency. Indian Finance Minister on Monitoring Crypto Sector and RBI’s […]

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Cartel-Linked Crypto Laundering Ring Disrupted by Federal Task Forces

India Proposes 30% Tax on Crypto Income — Finance Minister Cites ‘Phenomenal Increase’ in Crypto Transactions

February 1, 2022 Bitcoin.com

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The Indian government has proposed taxing income from cryptocurrencies and other digital assets at 30%. India’s finance minister, Nirmala Sitharaman, said: “There’s been a phenomenal increase in transaction in virtual digital assets … The magnitude and frequency of these transactions have made it imperative to provide for a specific tax regime.” 30% on Crypto Income […]

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Cartel-Linked Crypto Laundering Ring Disrupted by Federal Task Forces

Indian Crypto Industry Seeks Tax Clarity in Union Budget 2022-23

January 10, 2022 Bitcoin.com

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An Indian industry association has written to the country’s finance minister seeking clarity on cryptocurrency taxation in Union Budget 2022-23. “The budget should ideally offer coherent rules on direct taxation and the GST Council should detail the applicability of taxation, else there will be confusion.” Industry Wants Clarity in Crypto Tax Laws in Union Budget […]

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Cartel-Linked Crypto Laundering Ring Disrupted by Federal Task Forces