Indian Bitcoin exchanges hit by banks’ withdrawal of services
Indian cryptocurrency exchanges are seeking a solution to enable transactions with customers after a wave of banks and payment services cut ties. Reuters reports.
Indian Bitcoin exchanges hit by banks’ withdrawal of services
Indian cryptocurrency exchanges are seeking a solution to enable transactions with customers after a wave of banks and payment services cut ties. Reuters reports.
Chainalysis records surge in Indian residents’ cryptocurrency investments
The value of investments in Indian citizens' cryptocurrencies in 2020 rose from $200 million to $38.8 billion. Chainalysis provides these figures; Bloomberg reports.
Media reports India plans to impose a 2% tax on cryptocurrency bought on foreign exchanges
The Indian authorities may impose a 2% tax on cryptocurrency bought on foreign exchanges, CoinDesk reports citing local media.
In India, man known as the ‘crypto king’ arrested for helping to buy drugs with Bitcoin
The Narcotics Control Bureau (NCB) of India arrested a Mumbai resident who used Bitcoin to buy narcotics on the dark web. The accused, named Makrand Adhivarkar, is also known as the 'crypto king', according to Money Control.
Bloomberg: India to revisit bill banning cryptocurrencies
The Indian government will amend the bill banning cryptocurrencies and consider regulating this class of assets.
Binance-owned WazirX suspected of money laundering
The Enforcement Directorate (ED) of India's Finance Ministry said that one of the country's largest bitcoin exchanges and its leadership are under investigation for alleged violations of foreign exchange rules, Reuters reported.
Media: Bitcoin to be classified as an asset class in India
The Indian government has signalled a shift away from its hostile stance toward cryptocurrencies and is likely to classify Bitcoin as an asset class in the near term, according to The New Indian Express, citing its own sources.
Media: Kraken and Bitfinex eye India’s market
Major cryptocurrency exchanges Kraken, Bitfinex and KuCoin are seeking the opportunity to operate in India, despite a possible ban on digital assets in the country. Reuters reports, citing its own sources.
RBI clarifies its stance on cryptocurrencies
The Reserve Bank of India (RBI) has kept a wary stance toward cryptocurrencies, said RBI Governor Shaktikanta Das during an online briefing.
RBI reminds banks of repeal of cryptocurrency ban
The Reserve Bank of India (RBI) has asked regulated entities not to refer to the repealed directive prohibiting cryptocurrency operations. The regulator's site notes this.We use cookies to improve the quality of our service.
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