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Cryptocurrencies Pose Risks to Emerging Markets, Central Bank's Stand Remains Unchanged: RBI Governor
RBI Governor Shaktikanta Das said on Thursday that the central bank's position on cryptocurrencies had not changed, despite wider acceptance in other countries. The central bank chief was responding to a question about the US securities regulator approving the first US-listed exchange-traded funds for Bitcoin. The RBI Governor has repeatedly stated...
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Talks Underway for Global Framework on Crypto Rules, Says FM Nirmala Sitharaman
Discussions are underway on a global framework to regulate crypto assets, India's finance minister said on Tuesday, adding that cryptocurrencies could not be regulated efficiently without the co-operation of all countries.
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India’s Cryptocurrency Position Said to Be Vindicated Amid Global Crypto Market Downturn
India has taken a conservative position on cryptocurrency, and the government’s decision is said to be vindicated by the ongoing global cryptocurrency market meltdown. To dampen crypto trading, a one percent tax deducted at source (TDS) on crypto transactions was introduced on July 1, following a 30 percent capital gains tax on all transactions t...
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Bitcoin, Ether Enter July Trading Rink With Minor Losses, Majority Altcoins Stay Low on Value Marks
As per international exchanges like Binance and CoinMarketCap, Bitcoin values were around $19,101 (roughly Rs. 15.08 lakh) on Monday, July 4 after incurring small dips. Ether, Biance Coin, Polkadot, and Polygon also tumbled down the price charts, following BTC. Surprisingly, Dogecoin reeled-in gains, small but significant. Shiba Inu and other altco...
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Finance Minister Sitharaman Says India to Take a Considerate Decision on Crypto Regulation
Flagging concerns over likely misuse of crypto, Finance Minister Nirmala Sitharaman said that India will take a considerate decision on regulation around the virtual currency.
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RBI's Views Might Have Delayed Crypto Bill: Deputy Governor Michael Patra
RBI Deputy Governor Michael Patra said the central bank's views about cryptocurrencies might have delayed the government's proposed legislation on crypto assets.
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Bitcoin, Ethereum, Other Cryptos Will Never Be Legal Tender, Only RBI-Issued Digital Rupee Will: Finance Secretary
Cryptocurrencies like Bitcoin or Ethereum will never become a legal tender, Finance Secretary TV Somanathan said, adding only the digital rupee issued by the Reserve Bank of India (RBI) would be the legal tender.
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Cryptocurrency Bill at Union Budget 2022: Here's What to Expect
The union government is unlikely to introduce any cryptocurrency regulation or bill in the upcoming budget session of parliament that end on April 8, but taxations rules for crypto holdings could be discussed soon as continued pressure for regulation begins to mount.
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Cryptocurrency Trade Taxation in India: Finance Ministry Reportedly Forms Committee to Examine Scope
Cryptocurrency income could be taxed in India as a new committee formed by the finance ministry will reportedly submit an analysis exploring taxation options on crypto-incomes in the next four weeks.
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Cryptocurrency: Here’s How the Top 5 Coins Have Performed Since April 2021
Cryptocurrencies saw a slow start this year, mainly due to a Reserve Bank of India (RBI) order to banks telling them not to deal in crypto. The cryptocurrency trade accelerated after the Supreme Court in March reversed the RBI ban and allowed trading in coins such as Bitcoin, Ethereum, Dogecoin, and others.
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Income Tax on Cryptocurrency Gains: What Do the Rules Say?
Cryptocurrency trading gains lie in a gray area as per the Indian taxation laws. Find out if you have to declare and pay income tax on your cryptocurrency investment gains.
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Cryptocurrency Trading: RBI Asks Banks Not to Refer to Is 2018 Circular on Digital Coins
RBI on Monday asked banks, NBFCs, and payment system providers not to refer to its earlier virtual currencies-related circular, that was issued in April 2018 and later aside by the Supreme Court, in their communications to customers.
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RBI Has 'Major Concerns' Over Cryptocurrencies, Says Governor Shaktikanta Das
The Reserve Bank of India (RBI) has "major concerns" about cryptocurrencies, Governor Shaktikanta Das said, flagging potential risks to financial stability.
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Government Will Explore Blockchain for Digital Economy, Union Minister Says About India's Own Cryptocurrency
The government will explore the use of blockchain technology for digital economy, Minister of State for Finance Anurag Singh Thakur said on Tuesday. The latest comments come just days after the government listed a bill titled “The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021” that is to provide a framework for creation ...
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India Mulls Law To Ban Cryptocurrencies, Create Official Digital Currency
India plans to introduce a law to ban private cryptocurrencies such as bitcoin and put in place a framework for an official digital currency to be issued by the central bank, according to a legislative agenda listed by the government.
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Cryptocurrencies Pose Risks to Emerging Markets, Central Bank's Stand Remains Unchanged: RBI Governor
RBI Governor Shaktikanta Das said on Thursday that the central bank's position on cryptocurrencies had not changed, despite wider acceptance in other countries. The central bank chief was responding to a question about the US securities regulator approving the first US-listed exchange-traded funds for Bitcoin. The RBI Governor has repeatedly stated...
-
Talks Underway for Global Framework on Crypto Rules, Says FM Nirmala Sitharaman
Discussions are underway on a global framework to regulate crypto assets, India's finance minister said on Tuesday, adding that cryptocurrencies could not be regulated efficiently without the co-operation of all countries.
-
India’s Cryptocurrency Position Said to Be Vindicated Amid Global Crypto Market Downturn
India has taken a conservative position on cryptocurrency, and the government’s decision is said to be vindicated by the ongoing global cryptocurrency market meltdown. To dampen crypto trading, a one percent tax deducted at source (TDS) on crypto transactions was introduced on July 1, following a 30 percent capital gains tax on all transactions t...
-
Bitcoin, Ether Enter July Trading Rink With Minor Losses, Majority Altcoins Stay Low on Value Marks
As per international exchanges like Binance and CoinMarketCap, Bitcoin values were around $19,101 (roughly Rs. 15.08 lakh) on Monday, July 4 after incurring small dips. Ether, Biance Coin, Polkadot, and Polygon also tumbled down the price charts, following BTC. Surprisingly, Dogecoin reeled-in gains, small but significant. Shiba Inu and other altco...
-
Finance Minister Sitharaman Says India to Take a Considerate Decision on Crypto Regulation
Flagging concerns over likely misuse of crypto, Finance Minister Nirmala Sitharaman said that India will take a considerate decision on regulation around the virtual currency.
-
RBI's Views Might Have Delayed Crypto Bill: Deputy Governor Michael Patra
RBI Deputy Governor Michael Patra said the central bank's views about cryptocurrencies might have delayed the government's proposed legislation on crypto assets.
-
Bitcoin, Ethereum, Other Cryptos Will Never Be Legal Tender, Only RBI-Issued Digital Rupee Will: Finance Secretary
Cryptocurrencies like Bitcoin or Ethereum will never become a legal tender, Finance Secretary TV Somanathan said, adding only the digital rupee issued by the Reserve Bank of India (RBI) would be the legal tender.
-
Cryptocurrency Bill at Union Budget 2022: Here's What to Expect
The union government is unlikely to introduce any cryptocurrency regulation or bill in the upcoming budget session of parliament that end on April 8, but taxations rules for crypto holdings could be discussed soon as continued pressure for regulation begins to mount.
-
Cryptocurrency Trade Taxation in India: Finance Ministry Reportedly Forms Committee to Examine Scope
Cryptocurrency income could be taxed in India as a new committee formed by the finance ministry will reportedly submit an analysis exploring taxation options on crypto-incomes in the next four weeks.
-
Cryptocurrency: Here’s How the Top 5 Coins Have Performed Since April 2021
Cryptocurrencies saw a slow start this year, mainly due to a Reserve Bank of India (RBI) order to banks telling them not to deal in crypto. The cryptocurrency trade accelerated after the Supreme Court in March reversed the RBI ban and allowed trading in coins such as Bitcoin, Ethereum, Dogecoin, and others.
-
Income Tax on Cryptocurrency Gains: What Do the Rules Say?
Cryptocurrency trading gains lie in a gray area as per the Indian taxation laws. Find out if you have to declare and pay income tax on your cryptocurrency investment gains.
-
Cryptocurrency Trading: RBI Asks Banks Not to Refer to Is 2018 Circular on Digital Coins
RBI on Monday asked banks, NBFCs, and payment system providers not to refer to its earlier virtual currencies-related circular, that was issued in April 2018 and later aside by the Supreme Court, in their communications to customers.
-
RBI Has 'Major Concerns' Over Cryptocurrencies, Says Governor Shaktikanta Das
The Reserve Bank of India (RBI) has "major concerns" about cryptocurrencies, Governor Shaktikanta Das said, flagging potential risks to financial stability.
-
Government Will Explore Blockchain for Digital Economy, Union Minister Says About India's Own Cryptocurrency
The government will explore the use of blockchain technology for digital economy, Minister of State for Finance Anurag Singh Thakur said on Tuesday. The latest comments come just days after the government listed a bill titled “The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021” that is to provide a framework for creation ...
-
India Mulls Law To Ban Cryptocurrencies, Create Official Digital Currency
India plans to introduce a law to ban private cryptocurrencies such as bitcoin and put in place a framework for an official digital currency to be issued by the central bank, according to a legislative agenda listed by the government.
