Law Decoded: Tangible wins, new menaces and the global crypto taxation drive, Feb. 1–7
Crypto advocates celebrate wins, the Treasury and SEC seek to introduce crypto-unfriendly rules, and governments rush to levy digital asset taxes.
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Government Official Discusses Indian Crypto Policy, Global Regulations, G20 Meeting
India’s economic affairs secretary, Ajay Seth, has provided an update on what the Indian government is doing in terms of finalizing cryptocurrency legislation. He expects crypto regulation to be discussed…
Indian couple celebrates blockchain wedding with NFT vows, digital priest
Anil Narasipuram, the husband, was initially motivated by blockchain marriages done in other countries.
60,000 Indians Petition Government to Lower Crypto Tax to Avoid ‘Devastating Impact’
Many Indians have signed a petition for the government to introduce reasonable crypto tax policies. This week, India’s finance minister, Nirmala Sitharaman, proposed taxing crypto income at 30%. Indians Sign…
India’s Prime Minister Modi: Digital Rupee Will Strengthen Digital Economy, Revolutionize Fintech
India’s prime minister, Narendra Modi, says an Indian central bank digital currency will strengthen the digital economy. The digital rupee will also revolutionize the fintech sector by creating new opportunities…
Bitcoin, Ether and NFTs will ‘never become legal tender’ in India, says Finance Secretary
"You can buy gold, diamond, crypto, but that will have not have the value authorization by government," said T.V. Somanathan.
India Confirms ‘It’s Not Illegal to Buy or Sell Crypto’ — Government Will Consult Widely on Crypto Regulation
India’s finance secretary has confirmed that it is not illegal to buy or sell crypto assets in India. Regarding cryptocurrency regulation, “the government’s approach is to consult widely and also…
Crypto tax doesn’t legalize trading, says Indian tax department chief
The Indian tax department head said crypto taxation will help the department evaluate the exact depth of the digital asset market.
India Announces Upcoming Launch of Central Bank Digital Currency, Digital Rupee, to Be Issued by RBI
The Indian government has announced the upcoming launch of the country’s central bank digital currency. The digital rupee will be issued by the Reserve Bank of India (RBI) in the…
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