Cryptocurrency in india Financial News

27.01 / 13:39

Ethereum cryptocurrency Digital Currency cryptocurrency in india Token Bitcoin Explained: Is JioCoin India's new cryptocurrency or just a reward token?

Reliance Jio, one of India’s largest telecommunications giants, has been hard to miss, especially with the growing interest in cryptocurrencies across India. Rumors about JioCoin have sparked curiosity, leading many to wonder whether this will be India's next big cryptocurrency or just another reward token tied to Reliance Jio’s services. But before getting caught up in the hype, it’s essential to understand exactly what JioCoin is—and what it’s not.

23.03 / 12:21

cryptocurrency cryptocurrency in india crypto mining Absurd, Harsh, Regressive: What crypto industry has to say on proposed taxation treatment

Cryptocurrencies have always had a love-hate relationship with governments globally. The novelty of attaching a value to this asset that has no underlying value, coupled with the immense interest from people everywhere has made cryptos somewhat of a fearsome creature for some governments, while others have seen it as an opportunity.

09.02 / 13:11

cryptocurrency cryptocurrency in india Insights from Nandan Nilekani: Crypto is as centralised as the old world and more

Weeks before the Union Budget 2022, Infosys co-founder and Aadhaar architect Nandan Nilekani spoke to Moneycontrol on why crypto as an asset class should be encouraged. He also said the Indian alternative digital public goods has created much more interoperable and competitive systems that a billion people can use.

04.02 / 08:05

cryptocurrency cryptocurrency in india Budget 2022 crypto tax Global players cheer crypto tax as first step to nod

Mumbai: The worldwide crypto community has lauded India’s announcement to tax cryptocurrencies and develop a blockchain-based, regulator-backed digital currency as a significant step forward toward legitimising the asset class and encouraging innovation in blockchain technology. «This means that India recognises the importance of crypto, digital assets and their underlying technology, blockchain, too,» said Anndy Lian, Chairman of the Singapore-based BigONE exchange. «The next crypto bull market could be led by India.» On February 1, Finance Minister Nirmala Sitharaman announced the government would impose a blanket tax rate of 30% on the transfer of «virtual digital assets.»

04.02 / 05:01

cryptocurrency in india Budget 2022 crypto tax Missing word ‘Crypto’ in law sets off alarms

The broad definition of «virtual digital assets» and «any information, code, or otherwise» in the newly announced framework could cover a large range of intellectual properties and even online assets created by multinationals, as per the experts. This could eventually mean that taxmen may be able to question certain assets or intellectual properties, and they could eventually be taxed at a higher rate.

26.01 / 09:27

cryptocurrency price today cryptocurrency in india coinswitch kuber coindcx Extreme volatility takes crypto trade volumes to new high

Mumbai: Indian cryptocurrency exchanges have recorded higher trading volumes in the past few days owing to extreme volatility in the market, as many traders and investors liquidated some of the riskier tokens, rebalanced their portfolios by moving to stable coins and also indulged in opportunistic buying to average down their portfolios. During and after the weekend crash, ET spoke to multiple exchanges to gauge the trading volumes — most recorded higher transaction levels, but a few witnessed a dip too. «We have seen volumes increase by around 15%,» said Avinash Shekhar, co-CEO, ZebPay. A CEO of a top exchange said on condition of anonymity, «We saw a sharp decline in trading volumes during the weekend as most investors were trying to figure out the reasons and consequences of the current dip in crypto.»

20.01 / 04:57

cryptocurrency cryptocurrency in india crypto assets Budget 2022 Crypto players seek clarity on taxes and regulation from Sitharaman's Budget

Nirmala Sitharaman, who will table the Union Budget on February 1. Currently, there is no legislation, act or law to govern, regulate or prohibit dealing in crypto assets in India. Therefore, it is not illegal to sell, purchase, deal or mine cryptocurrencies or set up a cryptocurrency exchange in the country. However, the demands from the industry players, investors and other stakeholders are likely to reach the government, who may finally give heed to clear the clouds of ambiguity and may steer to the way ahead for the future.

19.01 / 10:42

cryptocurrency in india cryptocurrency news Crypto exchanges may tweak code of conduct as bill lags

Mumbai: Indian cryptocurrency exchanges are weighing updates to their self-regulatory code of conduct to avoid run-ins with regulators. The move comes amid heightened scrutiny of the sector from regulatory bodies, including the income tax department, enforcement directorate, and others. ET reported on Monday that the government may delay tabling the Cryptocurrency Bill in the upcoming budget session of Parliament as it wants to hold more discussions and build consensus on a regulatory framework for the nascent sector.

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.

26.11 / 20:23

cryptocurrency in india Reserve Bank of India Fiat Money Crypto-focused funds rejig strategy amid talk of trading ban

Mumbai: A few blockchain and crypto-focused funds are rethinking their investment strategy amid speculation that trading in virtual currencies would be banned. They are planning for contingencies to ensure they do not face a situation like in 2018 when the Reserve Bank of India cut banking access for the crypto and blockchain community. Though the broader crypto community feels a ban is unlikely, some funds are erring on the side of caution.

25.11 / 05:05

cryptocurrency cryptocurrency in india crypto ban Bitcoin Indian Indian crypto investors press the sell button

Mumbai: Indian holders of cryptocurrency went into panic-selling mode Tuesday, flooding the exchanges at midnight after being spooked by the wording of a government release that implied a ban on all private virtual coin. Prices of the most-valued cryptocurrencies such as Bitcoin and Ethereum fell as much as 15%.

24.11 / 16:29

cryptocurrency in india NOT A Crypto Ban? The Bill Not Yet Final, Looks At Checks And Balances: Report

The uncertainty over crypto regulation triggered a sell-off on Wednesday (Representational)

18.11 / 21:05

UPS Digital cryptocurrency in india Cryptocurrency News Today: Government May Create Obstacles To Crypto Trading And Holding: Report

Bitcoin, the world's biggest cryptocurrency, is hovering around $60,000

18.11 / 08:55

cryptocurrency Digital Cooper cryptocurrency in india International PM Narendra Modi says International collaboration necessary to ensure proper use of crypto

Delivering the keynote speech at the inauguration of The Sydney Dialogue, Prime Minister Modi spoke about India's rapid and positive tryst with technology, on the theme of India's technological evolution and revolution.

04.11 / 09:05

cryptocurrency Investments Personal Finance cryptocurrency in india Why Nilesh Shah, CEO, Kotak Mahindra mutual fund advises investors to focus more on the green zone of the stock market

It’s not enough that you invest in equity markets, says veteran fund manager Nilesh Shah. The quality of holdings and the amount of time you are willing to give to your portfolio is also important

04.11 / 09:05

cryptocurrency Personal Finance cryptocurrency in india Zerodha NOT Why Zerodha’s Nithin Kamath does not invest in cryptocurrencies

This Diwali, Nithin Kamath, India’s 86th richest man and founder of Zerodha shares with us spending and investing tips to follow this new year

Cryptocurrency in india Financial News

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