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NEW DELHI: Minister of State for IT and Electronics Rajeev Chandrasekhar on Tuesday said that cryptocurrency presents a “legitimate” case of macro economic risks, and there is a need for it to be regulated. “… it is a very legit case that crypto represents macro economic risks. It represents many other types of risks. FTX and other cases reaffirm that crypto is not business as usual and crypto is not innovation,” Chandrasekhar said while speaking at the Times Network’s India Digital Fest. The Minister said that countries and central banks around world are grappling with the problems around crypto “In India, crypto is not illegal if you buy them through legitimate channels of LRS (Liberalised Remittances Scheme) which are RBI approved dispensation on foreign exchange. It is your choice to lose money or make money, and the government does not get in the business of where you invest in and what you not invest in. But we certainly have the obligation to explain to the Indian citizens that you can’t exchange rupee for crypto… RBI is very clear on this… (and) we should respect their views on how they chart out the crypto course and crypto roadmap. They have said CBDC (central bank digital currency) is the route, and I have no problem with that. It is the best way to do that without creating any downside risk to the economy.” Did you Know?SAP has launched a new ente

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NEW DELHI—As host to foreign ministers from the Group of 20 nations last week, Narendra Modi played the traditionally neutral role of an Indian prime minister, refusing to take sides between Russia and the U.S.

NEW DELHI—As host to foreign ministers from the Group of 20 nations last week, Narendra Modi played the traditionally neutral role of an Indian prime minister, refusing to take sides between Russia and the U.S.

NEW DELHI—As host to foreign ministers from the Group of 20 nations last week, Narendra Modi played the traditionally neutral role of an Indian prime minister, refusing to take sides between Russia and the U.S.

NEW DELHI—As host to foreign ministers from the Group of 20 nations last week, Narendra Modi played the traditionally neutral role of an Indian prime minister, refusing to take sides between Russia and the U.S.

NEW DELHI—As host to foreign ministers from the Group of 20 nations last week, Narendra Modi played the traditionally neutral role of an Indian prime minister, refusing to take sides between Russia and the U.S.

NEW DELHI—For what seems like forever, India was a story of unfulfilled potential: abundant labor and entrepreneurial energy hobbled by lousy infrastructure, a meddlesome state, stifling regulation and a deep ambivalence about engagement with the broader world.

NEW DELHI—For what seems like forever, India was a story of unfulfilled potential: abundant labor and entrepreneurial energy hobbled by lousy infrastructure, a meddlesome state, stifling regulation and a deep ambivalence about engagement with the broader world.

NEW DELHI—For what seems like forever, India was a story of unfulfilled potential: abundant labor and entrepreneurial energy hobbled by lousy infrastructure, a meddlesome state, stifling regulation and a deep ambivalence about engagement with the broader world.

NEW DELHI—For what seems like forever, India was a story of unfulfilled potential: abundant labor and entrepreneurial energy hobbled by lousy infrastructure, a meddlesome state, stifling regulation and a deep ambivalence about engagement with the broader world.

NEW DELHI—For what seems like forever, India was a story of unfulfilled potential: abundant labor and entrepreneurial energy hobbled by lousy infrastructure, a meddlesome state, stifling regulation and a deep ambivalence about engagement with the broader world.

NEW DELHI—For what seems like forever, India was a story of unfulfilled potential: abundant labor and entrepreneurial energy hobbled by lousy infrastructure, a meddlesome state, stifling regulation and a deep ambivalence about engagement with the broader world.

NEW DELHI—For what seems like forever, India was a story of unfulfilled potential: abundant labor and entrepreneurial energy hobbled by lousy infrastructure, a meddlesome state, stifling regulation and a deep ambivalence about engagement with the broader world.

NEW DELHI—For what seems like forever, India was a story of unfulfilled potential: abundant labor and entrepreneurial energy hobbled by lousy infrastructure, a meddlesome state, stifling regulation and a deep ambivalence about engagement with the broader world.

NEW DELHI—For what seems like forever, India was a story of unfulfilled potential: abundant labor and entrepreneurial energy hobbled by lousy infrastructure, a meddlesome state, stifling regulation and a deep ambivalence about engagement with the broader world.

NEW DELHI—For what seems like forever, India was a story of unfulfilled potential: abundant labor and entrepreneurial energy hobbled by lousy infrastructure, a meddlesome state, stifling regulation and a deep ambivalence about engagement with the broader world.

NEW DELHI—For what seems like forever, India was a story of unfulfilled potential: abundant labor and entrepreneurial energy hobbled by lousy infrastructure, a meddlesome state, stifling regulation and a deep ambivalence about engagement with the broader world.

New Delhi: The cryptocurrency market was trading higher on Wednesday despite the latest CPI data suggesting inflation numbers have been higher in February so far than in January 2023. Bitcoin (BTC) rose 1.8% to $22,155 and BTC volume stood at approximately $26.97 billion, rising 17.89% in the last 24 hours. Ethereum (ETH) was above the $1,550 level. «Most cryptocurrencies rose in the past 24 hours following the release of the U.S Consumer Price Index (CPI) data for January where inflation fell less than anticipated. Bitcoin made a recovery from recent lows and is presently being traded above the US$22,000 level, with its next resistance level situated at US$22,260, and its support level at US$22,000. Nevertheless, despite the slight gains, the overall market momentum is marginally bearish,» Edul Patel, Co-founder and CEO of Mudrex said. Other top crypto tokens were also trading higher on Wednesday. Cardano rose 8% while Dogecoin, Polygon, Shiba Inu and Solana also logged gains.

With their latest move, emerging economies such as Brazil and India are getting closer to crypto. While Brazil legalized cryptocurrency as a payment method, India is launching the retail version of its digital currency on a test basis.

French serial killer Charles Sobhraj was freed from prison in Nepal on Friday after serving most of his sentence for the murders of Western backpackers.