This can pose challenges to the stability of the financial system. … [Read more...] about The Reserve Bank of India worries crypto can lead to dollarisation of economy
India to tax crypto and NFTs profits at 30%
India will impose a tax of 30% on income from cryptocurrencies and other digital assets, finance minister Nirmala Sitharaman announced during the country's annual budget speech. … [Read more...] about India to tax crypto and NFTs profits at 30%
Binance acquires Indian crypto exchange platform WazirX
Binance, the top crypto exchange by trading volume, has acquired the well-known Indian crypto exchange platform WazirX. … [Read more...] about Binance acquires Indian crypto exchange platform WazirX
India could soon legalise cryptocurrencies
At the same time India’s government will introduce a rigorous crypto control … [Read more...] about India could soon legalise cryptocurrencies
India prepares cryptocurrency legislation
India’s government is actively preparing a regulatory framework for the blockchain industry. At the moment local financial institutions cannot work with companies connected to cryptocurrencies. … [Read more...] about India prepares cryptocurrency legislation
Crypto news in brief (October 17, 2018): BTCC, Telegram, Fidelity, CME Group, bitcoin futures, Unocoin, India, crypto ATMs
- BTCC is launching trading services in South Korea - Telegram will release a test version of its TON platform this autumn - Fidelity Investments is launching a new company, which will offer custody and trade execution services for digital assets - CME Group reports that in the third quarter 2018 bitcoin futures average daily volume rose 41% comparing to the second … [Read more...] about Crypto news in brief (October 17, 2018): BTCC, Telegram, Fidelity, CME Group, bitcoin futures, Unocoin, India, crypto ATMs
Over 250 companies have joined ICICI Bank blockchain platform
ICICI Bank, one of the largest banks in India, announced that it had successfully onboarded over 250 companies on its custom-made blockchain platform, providing them a convenient way to conduct domestic and international trade finance transactions. … [Read more...] about Over 250 companies have joined ICICI Bank blockchain platform
Indian central bank prohibits financial institutions from dealing with cryptocurrency businesses
The Reserve Bank of India (RBI) in its recent statement announced that entities regulated by RBI are prohibited from providing services to individuals or businesses dealing with cryptocurrencies. … [Read more...] about Indian central bank prohibits financial institutions from dealing with cryptocurrency businesses