Auto Added by WPeMatico

Crypto Exchange Okx Shuts Down Services in India Due to Regulations — Advises Users to Withdraw All Funds

Cryptocurrency exchange Okx has notified its users in India that the platform is shutting down services in the country “due to local regulations.” The exchange has advised users in India…

Continue ReadingCrypto Exchange Okx Shuts Down Services in India Due to Regulations — Advises Users to Withdraw All Funds

Indian Finance Minister Says Crypto Assets Cannot Be Currencies — Expects ‘Some Framework Emerging’ From G20 Discussion

Indian Finance Minister Nirmala Sitharaman has stated that it is the position of the Indian government that crypto assets cannot be currencies, which are issued by central banks. She clarified…

Continue ReadingIndian Finance Minister Says Crypto Assets Cannot Be Currencies — Expects ‘Some Framework Emerging’ From G20 Discussion

G20 Finance Chiefs Agree Global Policy Responses to Crypto Are Required

The G20 finance ministers and central bank governors have agreed that crypto regulation cannot be confined to one part of the world, said India’s finance minister. “Any action on crypto…

Continue ReadingG20 Finance Chiefs Agree Global Policy Responses to Crypto Are Required

India to Introduce Measures Around Crypto This Year, Says Government Official

The Indian government is planning to introduce “measures around crypto” this year, according to the country’s Economic Affairs Secretary Ajay Seth. India’s finance minister says cryptocurrency regulation will be discussed…

Continue ReadingIndia to Introduce Measures Around Crypto This Year, Says Government Official

US Treasury Secretary and Indian Finance Minister Discuss Crypto Regulation

U.S. Treasury Secretary Janet Yellen and Indian Finance Minister Nirmala Sitharaman discussed crypto regulation during the ninth India-U.S. Economic and Financial Partnership meeting. They stressed the importance of international cooperation…

Continue ReadingUS Treasury Secretary and Indian Finance Minister Discuss Crypto Regulation

India to Finalize Stance on Legality of Cryptocurrency by Q1 2023: Report

The Indian government is reportedly planning to finalize its stance on the legality of cryptocurrency by the first quarter of next year in order to become Financial Action Task Force…

Continue ReadingIndia to Finalize Stance on Legality of Cryptocurrency by Q1 2023: Report

Indian Finance Minister Asks Crypto Investors to Exercise Caution as Authorities Investigate Exchanges

India’s finance minister has cautioned investors about cryptocurrency as the country’s Enforcement Directorate (ED) investigates a number of crypto exchanges and freezes the assets of some trading platforms. Indian Finance…

Continue ReadingIndian Finance Minister Asks Crypto Investors to Exercise Caution as Authorities Investigate Exchanges

Indian Finance Minister: Crypto Ban, Regulation Effective Only With Significant International Collaboration

India’s finance minister has informed parliament that the central bank, the Reserve Bank of India (RBI), wants cryptocurrencies to be prohibited. However, she noted that “any legislation for regulation or…

Continue ReadingIndian Finance Minister: Crypto Ban, Regulation Effective Only With Significant International Collaboration

India Calls on G20 to Bring Crypto Within Global ‘Automatic Exchange of Information’ Framework

India’s finance minister has called on the G20 countries to bring crypto within the “Automatic Exchange of Information” framework. More than 100 countries have adopted the Common Reporting Standard under…

Continue ReadingIndia Calls on G20 to Bring Crypto Within Global ‘Automatic Exchange of Information’ Framework

India’s Decision on Crypto Regulation Will Not Be Rushed, Says Finance Minister

Indian Finance Minister Nirmala Sitharaman says that the country’s crypto policy will not be rushed. “Our intention is in no way to hurt the ecosystem, or to even say that…

Continue ReadingIndia’s Decision on Crypto Regulation Will Not Be Rushed, Says Finance Minister