India | ForkLog

ForkLog 9 13.09.2021

India plans to tax cryptocurrencies, instead of banning them

In the near term, Indian authorities plan to tax bitcoin exchanges and transactions involving digital assets, instead of banning cryptocurrencies. The Economic Times reports.

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ForkLog 11 07.09.2021

Former RBI deputy governor explains rationale for taxing cryptocurrency transactions

Cryptocurrencies in India should be taxed according to how they are acquired. This was stated by former RBI deputy governor Rama Subramaniam Gandhi, CoinDesk.

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ForkLog 7 27.08.2021

RBI outlines possible timeline for CBDC testing

The Reserve Bank of India (RBI) could launch the first pilot programs for the national digital currency (CBDC) by December. This was stated by RBI Governor Shaktikanta Das in an interview with CNBC.

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ForkLog 17 10.08.2021

Bitcoin exchange CoinDCX becomes India’s first crypto unicorn.

The CoinDCX exchange raised 6.7 billion rupees (about $90 million), becoming India's first unicorn in the cryptocurrency industry.

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ForkLog 6 31.07.2021

India probes Binance’s role in online-betting money-laundering case

India's anti-money-laundering agency is examining Binance Holdings' role in a case involving online-betting apps, Bloomberg reports citing its own sources.

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ForkLog 13 30.07.2021

Malaysia Announces Enforcement Actions Against Binance

Malaysia's Securities Commission (SC) announced enforcement actions against Binance for "illegally operating a digital asset exchange (DAX)".

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ForkLog 6 28.07.2021

Buterin-backed anti-COVID fund faces hurdles converting funds to fiat

The fund, backed by Ethereum founder Vitalik Buterin, for COVID-19 relief in India, has managed to convert only $20 million of the 50 trillion SHIB it received (~$313.5 million at the time of writing). Bloomberg reports.

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ForkLog 12 23.07.2021

RBI signals phased rollout of CBDC

The RBI is working on a phased rollout strategy for the national digital currency (CBDC) and its deployment in wholesale and retail segments, Deputy Governor T. Rabi Sankar (T. Rabi Sankar) told Bloomberg.

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ForkLog 5 14.07.2021

India proposes including disclaimers in cryptocurrency advertising

The Delhi High Court (India) urged standardized disclaimers for cryptocurrency-related advertising on national television, The New Indian Express reports.

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ForkLog 6 14.07.2021

Indian ICICI Bank to curb remittances linked to digital assets

One of India's largest banks, ICICI Bank, has warned customers against remitting funds if they are intended for the purchase of cryptocurrencies or obtained as a result of such operations in the past. Cointelegraph reports.

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ForkLog 7 06.07.2021

Coinbase to Reward Hundreds of New Indian Hires with Cryptocurrency

The Bitcoin exchange Coinbase opened a technology centre in India and began hiring staff. To attract talented specialists, the company offered one-time cryptocurrency payments.

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ForkLog 24 02.07.2021

Media: India to levy 18% tax on foreign cryptocurrency exchanges

The Indian government is considering introducing an additional 18% tax on foreign cryptocurrency exchanges offering services to residents.

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