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“# Proposed crypto ban legislation reportedly under review by India’s government ” India’s government is reportedly reviewing modalities for banning or regulating cryptocurrencies in the country. According to Bloomberg Quint, reports indicate that the government is in talks with financial regulators and industry stakeholders to examine the provisions of an earlier proposal that effectively called…
https://s3.cointelegraph.com/audio/67489.d8818b50-0746-4ab7-9c2b-47f39e8a44d3.mp3 The well-known Indian crypto exchange WazirX, which Binance acquired in 2019, is under investigation for alleged violations of India’s Foreign Exchange Act (FEMA). The probe was publicly announced in an official tweet today from India’s Enforcement Directorate (ED): https://twitter.com/dir_ed/status/1403256929435017217 In the Indian numbering system, one crore denotes 10 million. The 2,790 crore rupees in cryptocurrency…
“# India to reportedly ditch Bitcoin ban agenda in favor of asset classification ” The tide may have finally turned for cryptocurrencies in India as reports indicate a softer stance by the government towards crypto. According to a report by The New Indian Express on Thursday, the government’s hostile stance towards Bitcoin (BTC) appears to…
“# Crypto exchange giants mulling India foray despite regulatory uncertainty ” Some of the biggest names in the crypto exchange business are reportedly eager to capture India’s cryptocurrency trading market even as the government is yet to issue clear-cut regulatory policies. According to Reuters, sources say Kraken, Bitfinex and KuCoin are examining the potential for…
“# Lawmakers should treat crypto like gold or real estate: Indian tech magnate ” Indian technology mogul, Nandan Nilekani, has urged local lawmakers to allow citizens to speculate on crypto assets. The co-founder and chair of Infosys, an Indian multinational information technology firm, has urged regulators to embrace digital assets and get a handle on…
“# Indian central bank remains anti-crypto, affirming ‘no change’ in its stance ” Its infamous circular directing banks to cease servicing crypto firms may have been overturned in the courts but India’s central bank is showing no signs of softening its stance towards cryptocurrencies. Reserve Bank of India Governor Shaktikanta Das reiterated the institution’s position in…
“# Indian central bank clarifies regulations as local banks shun crypto ” India’s central bank has issued an official notice regarding local banks reportedly cautioning customers against using cryptocurrencies like Bitcoin (BTC). Published Monday, the notice points out that the Reserve Bank of India is aware of media reports that certain banks have cautioned their…
“#Flying bat forces NYC-bound plane back to India” An Air India flight from New Delhi to New York City had to be rerouted back to New Delhi when, 30 minutes after takeoff, a crazed bat started flying around the cabin to the shock and horror of passengers. Video of the bat batting around the overhead…
“#Twitter urges Indian government to respect freedom of expression” Twitter on Thursday said it is worried about the safety of its staff in India and called for the government to respect freedom of expression, days after Indian police visited its office in New Delhi over its labeling of a tweet by a governing party spokesman…
“#Indian yoga guru slammed for ‘irresponsible’ COVID views” Natural remedies could help treat a number of non-fatal conditions, from depression to minor injury. What they absolutely cannot do is cure COVID-19. So when celebrity yogi and homeopathic business mogul Baba Ramdev suggested that coronavirus patients were “fools” for seeking medical assistance, doctors quickly slammed the…