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“# Existing Indian law could impose 2% levy on crypto bought from offshore exchanges ” According to local sources, the Indian Government’s 2% “equalisation levy” could be extended to crypto-assets purchased from off-shore exchanges. According to a June 22 report from Economic Times, analysts are inferring that existing law could require a 2% levy to…
“# 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…
“# 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 government is rethinking crypto ban: The Economic Times ” Reports are emerging that India’s government may be reconsidering its stance on cryptocurrencies with the formation of a new regulatory panel. A May 19 report in the Economic Times, cited three sources privy to discussion on the formation of a fresh panel of experts…
“# India securities regulator to reportedly bar IPO promoters from holding crypto ” In what seems to be another anti-crypto move by regulators in India, IPO promoters may soon be forced to sell their crypto holdings before being allowed to participate in raising funds. According to a report by the Economic Times, the Securities Board…
“# Blockchain-aided voting trials to begin in India ” Trials of blockchain-aided voting in India which would enable voters to post ballots from outside their home provinces are to begin soon. Chief Election Commissioner Sunil Arora said that research using the cutting edge technology had already started and that mock trials were to be launched…
“# Indian bank to offer crypto services across its 34 branches ” Indian bank United Multistate Credit Co. Operative Society is planning to expand its banking services to cryptocurrencies and cryptocurrency products. In collaboration with the crypto banking service provider Cashaa, United has established a joint venture dubbed UNICAS that aims to provide both online…