Central Point for all your information – From food to travel to crypto currency news, we have you covered!
Top Customers of Indian private sector banks are being informed about the risks of investing in crypto assets. Customers have received emails from Axis Bank, HDFC Bank, and ICICI Bank in this regard, according to The Economic Times. The banks noted cryptocurrency exchanges’ aggressive advertising operations, which aim to entice new consumers with promises of … Read more
The government’s announcement that the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 will be introduced in the upcoming winter session of Parliament has sparked a market uproar. According to the 2021 Chainalysis’ Global Crypto Adoption Index, India’s digital currency sector was valued $6.6 billion in May, compared to $923 million in April 2020. … Read more
New Delhi, India: The Central government said earlier this week that it will introduce a measure to ban all private cryptocurrencies in the forthcoming winter session of Parliament, a move that has alarmed crypto investors in the country. The government has disclosed plans to launch an official digital currency in conjunction with the move to … Read more
It may be premature for cryptocurrency players in India to be concerned about a prospective ban on virtual tokens, as they are right now. Since yesterday, the prices of key cryptocurrencies have plummeted by 17 percent for bitcoin, 15% for ethereum, and nearly 18 percent for tether (Nov. 23). This is in response to a … Read more
Official Digital Currency Regulation and Cryptocurrency Bill 2021 aims to build a framework that will make it easier for the Reserve Bank of India to launch an official digital currency. All crypto values dropped by 15% or more hours after the government said that it will introduce the cryptocurrency law in Parliament’s winter session, which … Read more
Sources told Republic on Tuesday that a cryptocurrency measure will be introduced in the Parliament’s winter session, which is a significant development. The bill, dubbed ‘The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021,’ is aimed at ‘creating a conducive framework for the creation of the official digital currency to be issued by the … Read more
The cryptocurrency market has been quietly growing in India for several months, and the Reserve Bank of India has raised worries about it, prompting the Centre to take notice. In recent days, the government has stated that it intends to regulate cryptocurrencies in order to prevent investors from keeping them without limitation. It does not, … Read more
New Delhi, India: With Budget 2022, the central government intends to make major modifications to income tax legislation. The government is considering steps to bring cryptocurrencies within the tax system, according to Revenue Secretary Tarun Bajaj. According to Bajaj, some people are already paying capital gains tax on bitcoin revenue, and the law is “quite … Read more
Narendra Modi stated that it is critical for all democratic nations to collaborate on cryptocurrencies and ensure that it does not fall into the wrong hands, which could harm our youth. New Delhi, India: Prime Minister Narendra Modi made his first public comments on cryptocurrencies today, saying that the world’s democracies must work together to … Read more
In the wider public interest, the government may seek to establish certain boundaries for crypto in India after multiple rounds of caution. There have been some fast-paced changes on the way forward for digital currencies in India amid growing cryptocurrency excitement, with RBI governor Shaktikanta Das kicking it off by sounding a note of caution … Read more