Recent developments mark a significant shift in India's approach to cryptocurrency regulation. Both Binance and KuCoin have made headway in aligning with the Indian government's stringent financial regulations. KuCoin, by becoming the first Financial Intelligence Unit-India (FIU-India) compliant global crypto exchange, has set a precedent for regulatory compliance and is … [Read more...] about A new chapter for cryptocurrency regulation in India
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%
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
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
Indian central bank opposes cryptocurrencies, but positive on blockchain technology
The Reserve Bank of India (RBI) is not likely to allow bitcoin use in the country. … [Read more...] about Indian central bank opposes cryptocurrencies, but positive on blockchain technology