Indian Financial News

18.01 / 18:32

Blockchain Reuters Digital Progressive crypto sector Deal Indian Modi Urges Global Effort to Deal with Crypto, Indian Crypto Sector Remains in Uncertainty

The Indian prime minister has called for a collective global effort to tackle the challenges posed by cryptocurrencies as the country's crypto sector remains in uncertainty.

14.01 / 17:19

Government ETF Bitcoin Indian Indian INX exchange reportedly plans to list Bitcoin futures ETF

Despite the ongoing uncertainty about cryptocurrency regulation in India, local financial firms are backing new ventures aiming to launch Bitcoin (BTC) exchange-traded funds (ETF).

01.01 / 08:25

business Blockchain Binance Indian Indian taxman recovers $6.62M from WazirX for evading tax on commission

Indian crypto exchange WazirX has reportedly paid over $6.6 million (49.2 crore rupees) following non-payment of Goods and Services Tax (GST) on trade commissions. The total recovery includes the pending tax of $5.43 million (40.5 crore rupees), the interest and a penalty for non-payment.

29.12 / 14:31

Adoption regulation Bitcoin Indian SEBI chief warns Indian mutual funds on investing in cryptocurrency offerings

The Chairman of the Securities and Exchange Board of India (SEBI) Ajay Tyagi urged mutual funds to avoid investing in crypto-related assets as the government considers new cryptocurrency rules. Speaking at a press conference on Tuesday, Tyagi advised firms to refrain from investing in funds linked to crypto assets until there is clarity on the policy and regulatory framework.

26.12 / 23:29

Lowe's Digital PwC Deloitte Indian ‘Big 4’ firms ask Indian employees to disclose crypto investments to assess risk

While being enticing enough to be increasingly accepted as a mainstream investment, the risks associated with cryptocurrencies continue to define the sector. Recently, the world’s Big 4 professional services firms – Deloitte, PwC, EY, and KPMG – have requested their Indian employees to make digital asset disclosures, according to local media.

26.12 / 12:59

Adoption Police Bitcoin Indian Warning Indian police commissioner issues a public warning against crypto frauds

Goel highlighted the various methods that are actively being used by fraudsters to dupe investors such as lucrative investment opportunities, illegitimate bank transfers and cryptocurrencies. Acknowledging the growth of Indian crypto users, Goel added:

25.12 / 13:27

NFT Indian Indian company gifts NFT to Twitter CEO Parag Agrawal

Parag Agarwal, the newly-appointed CEO of Twitter, premium tea company Vahdam India on Thursday announced that it has gifted a personalised NFT to the Indian-origin CEO. The NFT has been listed on the marketplace platform OpenSea and features Agarwal sipping tea in his office soaking in the momentous day in his life that is now being celebrated by Indians across the globe.

24.12 / 17:59

Provident Digital Bitcoin Indian India’s central bank raises concerns about stablecoins’ effects on the Indian rupee

India saw all kinds of FUD over the past month, as plans to ban private cryptocurrencies were speculated upon. Even as the parliamentary discussion on the proposed cryptocurrency bill has reportedly been put on hold, the country’s central bank has continued its crusade against the digital asset industry.

24.12 / 13:21

NFTS NFT Marketplace Indian Why are Indian celebrities clamoring to release bespoke NFTs

NFTs) as an asset class have exploded on to the scene in 2021 and gripped investors the world over with prospects, transcending beyond the realms of mere tokenism by unlocking far more value for all stakeholders involved. For artists, NFTs offer the promise of price discovery that does not exist beyond the few renowned auction houses functioning today, while investors can cash in on their purchased NFTs anytime they deem fit.

24.12 / 09:15

UPS cryptocurrency Lowe's coinswitch kuber Indian CoinSwitch Kuber Lists New Crypto Assets for Indian Investors

CoinSwitch Kuber is India's largest and most valued crypto unicorn.

20.12 / 22:15

regulation Bitcoin Indian Indian parliament's agenda for winter session no longer includes crypto bill

The Indian government may still be considering a bill that could ban certain cryptocurrencies in the country, but lawmakers are unlikely to vote on any legislation in the current parliamentary session.

20.12 / 11:43

Blockchain Adoption regulation Indian Indian state government to accredit Web2 and Web3 blockchain startups

The state government of Telangana announced the launch of the India Blockchain Accelerator program to foster early-stage Web2 and Web3 startups and blockchain developers aimed at solving real-world challenges. The program will be launched in partnership with unicorn crypto exchange CoinSwitch Kuber and Lumos Labs, a technology innovation management firm.

12.12 / 08:15

Blockchain Twitter Adoption Bitcoin Indian Indian prime minister Modi's hacked Twitter account attempts BTC scam

The official Twitter account of Indian Prime Minister Narendra Modi got compromised earlier today, which was then used to share misleading information about the mainstream adoption of Bitcoin (BTC) and redistribution of 500 BTC among the Indian citizens.

10.12 / 19:45

regulation Democracy Indian Indian PM calls for cryptocurrencies to 'empower' democracy at global summit

Cryptocurrency made an appearance at a global online summit for world leaders in a speech from Indian Prime Minister Narendra Modi.

09.12 / 13:53

business Law Asia Indian Indian trade group recommends ‘special class security’ status for crypto

The Confederation of Indian Industries (CII), a non-government trade association and advocacy group, has proposed to treat cryptocurrencies as securities of a special class.

09.12 / 13:01

business regulation Bitcoin Indian Indian CoinDCX crypto exchange to go global in 2022, says exec

Ongoing uncertainty around cryptocurrency regulation in India isn't stopping domestic crypto companies from launching global offerings.

06.12 / 14:53

business regulation Banks Deal Indian Major Indian bank breaks ‘banking ban’ with WazirX crypto exchange deal

Kotak, India’s leading private bank, has reportedly become the first to open its gates to the crypto community, as per a report published in Economic Times.

03.12 / 17:01

UPS CEO Strategy Indian Are crypto ads next battleground for Indian regulators

After days of panic selling in India due to rumors of a crypto ban, WazirX CEO Nischal Shetty has been pushing investors to learn more about the crypto industry, while urging Indian regulators to look at crypto use cases apart from payments.

03.12 / 14:41

cryptocurrency regulation Bitcoin Indian NOT Indian Crypto Bill To Regulate, Not Ban 'Private Cryptocurrencies' - Report

As India’s authorities are advancing their work on new crypto-related legislation, a document released by the Indian government indicates that private cryptocurrencies will be regulated rather than banned, contrary to earlier suggestions.

01.12 / 09:35

UPS NFT Fighting Indian Indian Crypto Investor Paid $69.3 Million For An NFT. Then He Did This

Vignesh Sundaresan, also known as MetaKovan, spent $69.3 million on a Beeple non-fungible token earlier this year, but he's not very possessive about it.

29.11 / 16:45

UPS IPO MSCI Indian Should Indian investors diversify their portfolio with global stocks?

More and more Indian investors are waking up to the idea of diversification across international markets. As not all global economies move in tandem, investing a portion of funds into global stocks brings in an element of stability in the domestic portfolio.

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