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India’s regulatory uncertainty for the crypto sector came into sharp focus at the ongoing World Economic Forum (WEF) Annual Meeting in Davos. In an interview with Reuters, CoinSwitch Kuber CEO…
The call for reducing Tax Deduction at Source (TDS) on crypto transactions is intensifying among the crypto ecosystem players in India. A TDS of 1% on virtual digital assets has…
India’s “blockchain, not crypto” stance has led to disastrous crypto policies, forcing several thriving crypto firms to relocate.
India’s central bank, the Reserve Bank of India (RBI), has expressed concerns that cryptocurrencies could lead to the dollarization of a part of the Indian economy. “It will seriously undermine…
The Reserve Bank of India (RBI) toughened up its stance against cryptocurrencies, citing the rising asset class as a threat to its sovereign interest and a negative impact on the…
Indian regulators are making the rulebook tough for celebrity endorsement of crypto products. The Securities and Exchange Board of India (SEBI) has advised prominent public personalities, including celebrities and sportsmen,…
Coinbase Co-founder and CEO Brian Armstrong squarely blamed the Reserve Bank of India (RBI) for employing “informal pressure” and denying the Unified Payments Interface (UPI) services that led to Coinbase…
"I guess we have a concern that [the Reserve Bank of India] may be actually in violation of the Supreme Court ruling," said Coinbase CEO Brian Armstrong.
The Indian government’s strict stance on the crypto sector seems to be gathering more steam. In the latest development, the Goods and Service Tax (GST) Council reportedly plans to impose…
In the future, India's NDSL and the Securities Board division will welcome other entities to join the decentralized network.