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Indian government

Indian Government is Investigating Binance's role in Betting apps

Indian Government is Investigating Binance's role in Betting apps
Members Public

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

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Binance
Crypto Ban Bill in India continues to be under review

Crypto Ban Bill in India continues to be under review
Members Public

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

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Indian government
Indian Government to finalize Crypto Regulatory framework

Indian Government to finalize Crypto Regulatory framework
Members Public

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

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Bitcoin
Indian Crypto investors got an alternate option to dodge RBI's ban

Indian Crypto investors got an alternate option to dodge RBI's ban
Members Public

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

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Cryptocurrency
Indian Government levies GST tax on trading Cryptocurrency

Indian Government levies GST tax on trading Cryptocurrency
Members Public

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

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crypto
Tight regulations persuades Indians to buy Bitcoin Overseas

Tight regulations persuades Indians to buy Bitcoin Overseas
Members Public

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

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Bitcoin