City New Delhi Financial News

26.02 / 10:31

cryptocurrency crypto currency bitcoins Supreme Court SC seeks clarity from govt on legal status of Bitcoin

New Delhi: The Supreme Court on Friday sought clarity from the government on the legal status of Bitcoin in the country, days after the finance minister taxed crypto trading transactions at 30 per cent. The issue cropped up in a criminal case where the accused is facing charges of defrauding people in a crypto-currency scam. A bench led by Justice D.Y. Chandrachud granted him interim protection from arrest till the next hearing but sought more clarity on the legal status of crypto currency.

25.02 / 11:21

Cooper Supreme Court Bitcoin Centre NOT Bitcoins Are Illegal Or Not? Supreme Court Asks Centre

The matter was in connection with "GainBitcoin" scam.

21.02 / 13:35

Blockchain cryptocurrency Digital cryptocurrency news Crypto Investors Remain Positive Despite A 30% Tax Rate On Profits And The Pending Bill

Investors welcome tax on cryptocurrency profits

16.02 / 14:15

Dogecoin Ethereum avalanche Bitcoin Top cryptocurrency prices today: Bitcoin, Ethereum, Dogecoin, Avalanche zoom up to 11%

New Delhi: The crypto market continued to move higher as signs of ease in the conflict between Russia and Ukraine boosted the confidence of investors. Barring the dollar-pegged USD Coin, all other top digital tokens were trading with higher in early trade on Wednesday. Avalanche rose 11 per cent each, followed by a 4 per cent rise in Ethereum and BNB each.

16.02 / 08:37

cryptocurrency Digital Platform Infosys Co-Founder Nandan Nilekani Denies Launching Any Crypto Project

Nandan Nilekani has often been vocal about the functioning of cryptocurrencies.

11.02 / 10:15

Blockchain cryptocurrency Digital NOT Not Doing Anything To Legalise Or Ban Crypto At This Stage: Nirmala Sitharaman

"We have only taxed the profit emanating from the crypto transactions," Nirmala Sitharaman said.

10.02 / 11:49

cryptocurrency Lowe's Digital RBI Threat financial stability Financial RBI Governor Asserts Caution On Crypto, Says "It's A Threat To Financial Stability"

Shaktikanta Das has time and again flagged issues about the functioning of cryptocurrencies.

07.02 / 11:49

cryptocurrency Budget 2022 crypto tax Virtual digital assets may get a broader definition

New Delhi: India could widen the definition of virtual digital assets to cover any new such assets that may emerge and also further refine the provision to tax these assets. The budget for FY23 announced last week proposes to tax any income from the transfer of any virtual digital asset at a flat 30% rate. The provision will be applicable from April 1, 2022. The government could fine-tune the provisions proposed in the budget to tax virtual digital assets after discussions with the industry and to account for the dynamic nature of the sector, officials told ET.

03.02 / 07:35

Blockchain Digital NOT CBDC on blockchain may not be the best idea, experts say

New Delhi|Mumbai: India’s central bank may consider other “centralised” technology models apart from blockchain — the popular digital transaction ledger — to host its proposed digital currency, officials and industry experts in the know of the matter told ET.Blockchain may not be the ideal technology due to its massive power consumption, more so in a country like India with its population of 1.3 billion, the sources said.Instead, the Reserve

02.02 / 14:23

cryptocurrency regulation Tax India Still Debates Crypto Regulation - Finance Secretary

Crypto regulation in India is still an ongoing debate, the country’s Finance Secretary T. V. Somanathan stressed, noting that, for now, cryptoassets are not illegal and are treated as gambling.

01.02 / 15:53

cryptocurrency Money Bitcoin India announces plans to introduce ‘digital rupee’ and tax cryptocurrencies at 30%

India is set to launch a state-backed digital currency by next year and said it will tax cryptocurrencies and NFTs as part of new fiscal measures announced by the government on Tuesday.

01.02 / 06:55

cryptocurrency Budget Govt to take balanced view on crypto: Sanjeev Sanyal

New Delhi: The government will take a balanced view on the issue of regulation of cryptocurrencies as they have implications on the country's financial stability, Principal Economic Adviser Sanjeev Sanyal said on Monday. Currently, there are no particular regulations or any ban on use of cryptocurrency in the country. The issue of cryptocurrency has not been covered in the Economic Survey 2021-22, Sanyal said in an interaction with media on the Survey tabled in Parliament by Finance Minister Nirmala Sitharaman earlier in the day. «As you know, this is a matter of some debate, both inside the government, in the Ministry of Finance, and even in Parliament. So, this is something that is currently in discussion,» he said.

23.01 / 13:01

German navy chief Kay-Achim Schönbach resigns over 'ill-considered' Ukraine-Russia comments

The head of the German navy resigned late Saturday after coming under fire at home and abroad for comments he made on Ukraine and Russia, that were widely circulated online.

18.01 / 22:36

cryptocurrency in india Budget 2022 Cryptocurrency Bill India’s crypto bill likely to miss budget session of Parliament

New Delhi: The Centre is unlikely to introduce the much-awaited cryptocurrency bill in the upcoming budget session of Parliament as it wants to hold more discussions and build consensus on the regulatory framework. The government also wants to wait for the pilot launch of the Reserve Bank of India’s digital currency expected in a few months. While the Centre is keen on the bill, it is looking to hold more discussions with stakeholders to firm up a view on the policy, according to officials with knowledge of the matter. “The crypto bill may not be introduced in the budget session. It is a complex subject. This will require more time,” a senior finance ministry official told ET.

18.01 / 14:19

Provident Action Budget 2022 Cryptocurrency Bill Crypto Bill Unlikely To Be Introduced In Budget Session, Say Government Sources

The Crypto Bill proposes a penalty for violations by individuals as well as corporate bodies.

04.01 / 07:31

Platform Bitcoin analysts Will Bitcoin Hit $100,000 This Year? What Analysts Say

Bitcoin traded at around $46,100 on Tuesday in Hong Kong.

22.12 / 07:57

Blockchain cryptocurrency Software CryptoExplainer Beginner's Guide To Web3, Crypto's Attempt To Reinvent The Internet

The idea of Web3 is to create software and platforms that arent dependent on traditional companies.

20.12 / 13:34

UPS cryptocurrency Digital Cryptocurrency Bill Crypto Bill Deferred, No Cabinet Approval Yet: Report

The Cryptocurrency Bill proposes to ban all private cryptocurrencies in India and facilitate regulation.

20.12 / 09:21

Digital VISA Support "We Will Continue To Support Crypto Ecosystem," Says Visa's Cuy Sheffield

The case for cryptocurrency is becoming more compelling for financial institutions.

16.12 / 12:38

regulation IMF Hard to Regulate Crypto Without Global Consensus, Admits Top IMF Official

A key figure at the International Monetary Fund (IMF) has conceded that regulating crypto will need nothing short of a concerted global effort – and a worldwide agreement on crypto that most would argue seems far from achieving any time soon.

15.12 / 12:47

cryptocurrency regulation New Delhi Ready to Back Down on Crypto Regulation, Claims Anonymous Gov’t Source

It’s a case of another day, another twist in the seemingly endless saga of India’s crypto legislation. And this time the protagonists in the saga, the nameless sources leaking information to the domestic press, are claiming that the cabinet is not on the verge of doing anything with crypto after all – and that government wants more time to formulate its plans.

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