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” Brain drain: India’s crypto tax forces budding crypto projects to move “ India’s 30% crypto tax came into law on March 31 and was effective April 1, despite warnings from several stakeholders about its possible ill impact on the budding crypto industry. As predicted, within just a couple of weeks of the new crypto…
” Indian minister wants global crypto rules to curtail money laundering risk “ Indian Finance Minister Nirmala Sitharaman in her address to the International Monetary Fund called for a global cryptocurrency framework to keep a check on the use of cryptocurrencies for illicit activities. LIVE NOW: A panel discussion on the policy challenges and opportunities…
” Crypto exchange CoinDCX raises $135M funding to support Indian Web3 “ Crypto exchange CoinDCX became India’s first crypto business to complete a Series D funding round, raising $135 million in support of various Web3 and crypto initiatives in the country. The latest funding round resulted in CoinDCX doubling its valuation to $2.15 billion, which…
” Indian crypto exchanges’ volume plunges down as 30% tax goes into effect “ Fresh data on Indian crypto exchanges’ trading volume reveals a significant decline in trading practices among Indians just ten days after the tax rule implementation. India’s new 30% crypto tax rule came into effect on April 1, despite many stakeholders and…
” Coinbase suspends crypto payment services days after India launch “ The largest US-based crypto exchange Coinbase has stopped payment services through United Payments Interface (UPI) on its platform for Indian users just three days after its launch in the South Asian subcontinent. The UPI is the payment portal governed by the National Payment Corporation…
” Museums in the metaverse: How Web3 technology can help historical sites “ Metaverse events at ancient and historical sites could soon shape up to be an alternate future for tourism. Owners of physical castles and villas who have drafted up augmented reality blueprints of their properties think their ambitious plans to attract visitors in…
“Rocket debris seen crashing back to Earth in startling video” Wreckage from a rocket ship came crashing down to Earth this week, giving observers on the ground a shock. Parts of the rocket were recovered in western India. A video posted to Reddit shows the debris cutting across the sky. The Redditor claims that his…
” Coinbase to invest in Indian crypto and Web3 amid tax regulation clarity “ Coinbase Ventures, an investment arm of American crypto exchange Coinbase, shared a plan to invest $1 million in various Indian cryptocurrency and Web3 initiatives via an in-person pitching event. In a blog post drafted while he was in India, Coinbase CEO…
” New crypto owners nearly doubled in 3 key regions in 2021: Report “ The number of cryptocurrency owners has massively increased last year, with nearly half of all owners worldwide buying crypto for the first time in 2021, according to a new report. Gemini, a cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has…
” 30% crypto tax becomes law in India following Finance Bill approval “ The Indian Finance Bill 2022 with new 30% crypto tax rules was approved by the Rajya Sabha, the upper house of the Indian parliament, to make it a law today that will come into effect starting on April 1. The approval of the…