India’s Enforcement Directorate is seeking answers from Binance after investigators found that betting apps collected more than 10 billion rupees ($134 million) over the past ten months, and allegedly laundered a portion of it through WazirX. The Enforcement Directorate summoned Binance executives for questioning earlier this month to find...
The Crypto Ban is not a new term for Indian crypto audience. Now India's central government is considering different aspects before banning cryptocurrencies in the country. The news to ban cryptocurrency trading is still under discussion, but they're still not sure if it will be a full-on prohibition or just...
A recent RTI report confirms that the Indian government is on the final leg of amending the crypto regulatory framework. The government authorities of the country were in process of creating a regulatory framework for crypto-related transactions. This task was taken care by the Inter-Ministerial Committee (IMC) headed by Subhash...
In an interesting turn, crypto traders in India have got an option to continue with cryptocurrency investment even after the ban imposed by the RBI. Recently we heard of Reserve Bank of India(RBI) prohibiting banks from providing any accounts to crypto investors. Furthermore, investors also approached the government for...
The Central Board of Taxes from India is considering to levy 18% GST(Good’s and Service Tax) on trading cryptocurrency. Although this law is not in effect, citizens of the country will have to be cautious in investing digital assets. The very reason behind this might due to taxation...
The Indian Government has intensified its regulations on Cryptocurrencies with promised law framework to be brought up. The Cryptocurrency and Blockchain Committee (BACC), an industry group whose members include 7 cryptocurrency exchanges, is considering several initiatives, such as the creation of a user database and encryption transactions, to comply with...
