India | ForkLog

ForkLog 13 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 10 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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ForkLog 10 22.02.2022

Indian police arrest suspects in $5.34 million Ethereum fraud

Indian police arrested suspects in cryptocurrency fraud totaling 400 million rupees (~$5.34 million), according to the Times of India.

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ForkLog 14 11.02.2022

RBI chief warns against investing in cryptocurrencies

Private cryptocurrencies pose a 'great threat' to macroeconomic and financial stability, and investors should recognise all risks. This was stated by Shaktikanta Das, head of the Reserve Bank of India (RBI), according to Reuters.

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ForkLog 13 01.02.2022

India announces 30% tax on income from cryptocurrency transactions

India will impose a 30% tax on income from digital asset transactions ahead of the launch of the digital rupee. The initiative was presented by Finance Minister Nirmala Sitharaman during the budget presentation.

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ForkLog 10 24.01.2022

Police tie Hamas to cryptocurrency theft from Indian businessman

The Investigation and Strategic Operations Division (IFSO) of the Delhi Police has identified a link between the breach of a private cryptocurrency wallet and the Hamas militant group.

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ForkLog 20 18.01.2022

Indian prime minister calls for a unified approach to cryptocurrency regulation

Countries should develop a unified approach to creating a regulatory framework for the cryptocurrency industry. Indian Prime Minister Narendra Modi said this at the World Economic Forum in Davos.

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ForkLog 6 13.01.2022

India to launch its first Bitcoin ETF

Cosmea Financial Holdings and Kling Trading India, on parity with Torus Kling Blockchain and the International Stock Exchange of India, signed a memorandum of understanding to launch an ETF based on Bitcoin and Ethereum futures.

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ForkLog 13 03.01.2022

India accuses Binance-owned WazirX of tax evasion

Indian authorities have identified a violation of tax law by the cryptocurrency exchange WazirX, owned by Binance. This is stated in a press release.

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ForkLog 9 28.12.2021

Indian crypto exchange CoinSwitch Kuber reports 14-fold rise in user base

The Indian-based bitcoin exchange CoinSwitch Kuber said that in 2021 its user base grew 14-fold, surpassing 14 million. The Economic Times reports.

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ForkLog 8 27.12.2021

Indian police warn of rise in cryptocurrency fraud

The Hyderabad Police Commissioner (capital of Telangana) Shikha Goel warned Indian citizens about the rise in cybercrime and urged investing in digital assets only through reputable companies.

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ForkLog 19 13.12.2021

Unknown hackers hacked India’s prime minister’s Twitter and declared Bitcoin legalization

Unknown hackers hacked the personal Twitter account of India's Prime Minister Narendra Modi. In his name they claimed Bitcoin would be recognised as legal tender in the country.

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