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It would be nearly impossible for India to ban cryptocurrencies — here’s why

Jaideep Reddy, a technology lawyer with Nishith Desai Associates (NDA), told Business Insider that …

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1 min read

As cryptocurrencies became mainstream, these were biggest movements in regulation this year

India’s cryptocurrency bill may still be stuck in a jungle of red tape, but other countries like El…

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2 mins read

Taxing cryptocurrencies does not give them legal status, clarifies India’s finance minister

India’s Finance Minister Nirmala Sitharaman clarified in Parliament that taxing cryptocurrencies do…

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WazirX got 377 requests from law enforcement agencies in the last 6 months

Indian cryptocurrency exchange, WazirX, received 377 requests for information from law enforcement …

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Crypto players in India to meet with government today to give inputs on the potential of cryptocurrencies in the country and its impact

Representatives from Indian crypto exchanges like WazirX, Coinswitch Kuber, CoinDCX and others are …

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Iran is planning to introduce a legal framework for crypto even as Bitcoin mining activity remains restricted

He also warned retail investors to be careful of "unprofessional" businesses currently operating…

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India may classify Bitcoin as an asset class, but that may not solve the underlying problem

The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 was supposed to come…

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2 mins read

Narendra Modi's Twitter account hacked with Bitcoin post — 'India has officially adopted bitcoin as legal tender'

"The Twitter handle of PM @narendramodi was very briefly compromised. The matter was escalated t…

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6 mins read

India’s digital currency to be launched in FY23 to be cost effective, transparent and secure

The central bank digital currency (CBDC) is about to be launched this financial year in FY23, finan…

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4 mins read

Illegal mining for cryptocurrencies remains rampant as miners look to maximise profits with cheap electricity

Regular mining and mining for cryptocurrencies may not be the same thing, but they do have somethin…

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2 mins read

India’s crypto exchanges are reportedly mulling the legal route again — may approach the Supreme Court over RBI’s directive

But adding banking partners is easier said than done. At the moment, with the lack of any …

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RBI seeks a crypto ban but it needs global collaboration, says Nirmala Sitharaman

The Reserve Bank of India (RBI) has recommended the government to frame regulations for cryptocurre…

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2 mins read

Cryptocurrency in India is legal but a pending bill with the government could change things

There’s a still proposed bill pending with the government that could prove tenuous — the Banning…

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3 mins read

Bitcoin is one signature away from becoming legal in Ukraine and it's not following in El Salvador's footsteps

On September 8, the Ukrainian Parliament introduced its crypto bill that allows the governme…

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6 mins read

Crypto FAQs answered — everything you need to know about crypto regulations, trading, taxes and CBDC in India

So far, the legality of cryptocurrencies in India have been more or less grey. The country act…

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4 mins read

Six reasons why India’s central bank believes cryptocurrencies threaten financial stability

The Reserve Bank of India states that private cryptocurrencies pose a threat to financial stability…

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2 mins read

India’s Finance Minister Nirmala Sitharaman says she expects the central bank to roll out the country’s digital currency this year

The Indian government expects the Reserve Bank of India (RBI) to roll out its digital currency this…

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6 mins read

Privacy coins, centralised cryptocurrencies, or being currencies — India is yet to explain what it means by ‘private’ cryptocurrency

Despite all the fear, doubt and uncertainty (FUD) in the air, the Indian government hasn’t actually…

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2 mins read

Spain joins countries like India to keep crypto companies from promising wild returns in ads

The aim, said the Spanish watchdog, is to ensure that the advertising of the products offers t…

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4 mins read

From cryptocurrencies to NFTs, India to tax all ‘virtual digital’ assets at 30%

India plans to tax cryptocurrency transactions at a rate of 30%. This is at par with the highest in…