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“# Law Decoded: India ponders going full China on crypto, Nov. 22–29 ” Are big emerging economies more likely to gravitate toward blanket crypto bans? China has set a precedent, and now it appears as if India could be weighing a similar policy direction: A bill containing a proposed ban on all “private cryptocurrencies” will…
“# India’s crypto unicorn CoinDCX has no immediate plans for IPO ” India’s largest cryptocurrency exchange, CoinDCX, has no immediate plans for a public listing as the regulatory environment in the country remains uncertain. CoinDCX has no definitive route or clause as to when to go ahead with a potential initial public offering (IPO), the…
“# Singaporean crypto exchange enters India amid regulatory uncertainty ” Despite India’s unpredictive stance towards crypto regulations, Singaporean crypto exchange Coinstore has allocated a $20 million fund to set up three new offices in the Indian cities of Bangalore, Delhi and Mumbai. Coinstore announced to launch its web and app platform in India for spot…
“# Experts divided on how far India’s ‘private crypto’ ban will go ” Government documents from 2019 have been cited by an Indian crypto expert to suggest that the proposed ban on all “private cryptocurrencies” could include just about every crypto. The Indian government this week announced it would introduce the Cryptocurrency and Regulation of…
“# Crypto prices in India tumble after crypto bill announced ” Regulatory discussions in India around a crypto ban caused panic selling on major crypto exchange WazirX, resulting in massive price drop on leading cryptocurrencies including Bitcoin (BTC) and Ether (ETH). Crypto prices in India crashed soon after the parliament announced to introduce and list…
“# Indian parliament’s agenda for winter session includes bill on banning ‘private cryptocurrencies’ ” The Indian government will be considering a bill that would create a digital rupee starting as early as next week, but may also ban certain cryptocurrencies in the country. According to a Tuesday publication, India’s lower house of parliament, Lok Sabha,…
“# India to reduce GST paid on cryptocurrency exchanges from 18% to 1% through regulatory reclassification ” According to a report from CNBC TV18 India, the nation’s government plans to reclassify cryptocurrency exchanges as e-commerce platforms, which will reduce the Goods and Services Taxes (GST) users must pay per transaction, or per trade, to 1%. …
“# India’s top payment firm Paytm reportedly considers Bitcoin services ” Paytm, India’s leading digital payments company, has said Thursday that it would consider Bitcoin services if the country’s regulatory framework for cryptocurrencies was more definite. Speaking to Haslinda Amin and Rishaad Salamat during an interview on Bloomberg TV, Paytm’s Chief Financial Officer Madhur Deora…
“# Coinbase acquires Indian AI startup to improve customer service ” Coinbase, the largest cryptocurrency exchange in the United States, is working to improve its customer support while expanding in India by acquiring a new startup. Coinbase officially announced Tuesday the acquisition of Agara, an artificial intelligence-enabled support platform with operations in India and the…
“# Indian government is reportedly considering regulating crypto as a commodity ” The Indian government may be looking into establishing a legal framework for crypto as early as February based on digital currencies as an “asset.” According to an Oct. 26 report from Indian news outlet Business Today, officials with the country’s Finance Ministry said…