India | ForkLog

ForkLog 4 30.05.2022

RBI proposes phased approach to CBDC rollout

The Reserve Bank of India (RBI) backed a phased approach to CBDC implementation to maintain oversight of the process. News 18 reports, citing the regulator's annual report.

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ForkLog 4 23.05.2022

CoinSwitch Chief Urges Regulators to Regulate the Industry

Indian authorities should remove regulatory uncertainty surrounding cryptocurrencies by crafting rules that protect investors and spur the industry. This was stated by CoinSwitch CEO Ashish Singhal at the Davos forum.

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ForkLog 13 16.05.2022

Media: RBI officials fear cryptocurrency-driven dollarisation of the Indian economy

Cryptocurrencies could lead to the dollarisation of part of the economy, which would run counter to India's sovereign interests. RBI officials stated this, The Economic Times reports citing sources.

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ForkLog 6 09.05.2022

Media reports: India proposes higher tax on cryptocurrency transactions

In India, authorities intend to increase the tax burden on the cryptocurrency sector, according to CNBC-TV18, citing a source.

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ForkLog 8 02.05.2022

India orders crypto exchanges to retain client data for five years

The CERT-In cyber emergency response team issued a directive affecting crypto exchanges in India. The document is posted on the agency's website, but at the time of writing is available only through the web archive.

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ForkLog 6 19.04.2022

CoinDCX crypto exchange valued at $2.15 billion following Series D funding round

Indian cryptocurrency exchange CoinDCX raised $135 million in a Series D financing round, valuing the company at $2.15 billion.

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ForkLog 6 14.04.2022

India’s Biggest Bitcoin Exchanges Suspend Deposits Via UPI

Two major Indian cryptocurrency exchanges CoinSwitch Kuber and WazirX have disabled the facility to deposit rupees via the Unified Payments Interface (UPI) due to regulatory uncertainty. Reuters reports this.

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ForkLog 5 11.04.2022

Coinbase halts UPI payments in India

The Coinbase cryptocurrency exchange has halted support for the Unified Payments Interface (UPI) for users in India, according to the Economic Times.

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ForkLog 4 07.04.2022

Coinbase enters Indian market

The American cryptocurrency exchange Coinbase opened access to its services for users in India.

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ForkLog 7 28.03.2022

Indian authorities uncover tax evasion by 11 crypto exchanges totaling $12.6m

Eleven leading Indian bitcoin exchanges, including CoinDCX and CoinSwitch, evaded sales tax and owe ₹95.86 crore (~$12.58m). The matter was disclosed in a letter to the upper house of Parliament by Finance Minister Pankaj Chaudhary, as reported by Newsroom Post.

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ForkLog 9 25.03.2022

Indian Parliament passes law taxing cryptocurrency transactions

The Lok Sabha, the lower house of India's Parliament, approved the Finance Act with contentious amendments relating to the taxation of digital assets. The new rules will come into effect on 1 April 2022.

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ForkLog 5 21.03.2022

India tightens crypto trading tax rules

The Indian Ministry of Finance has determined that when calculating taxes traders will not be able to offset losses in one digital asset with profits in another.

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