Wednesday, December 7, 2022

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RBI Plans To Launch CBDC In Phases

The Reserve Bank of India is planning to issue its central bank digital currency (CBDC) in different phases, said deputy governor T. Rabi Shankar. He...

Income Tax Department In India Demand Trading Details From Crypto Exchanges

The Income Tax Department in India demanded the trade details from the crypto exchanges in the country to tax the profits they earned during...

Cashaa To Introduce Personal Account Services In India

An online banking platform Cashaa plans to introduce personal account services in India by mid-August 2021, according to an announcement. In a public statement, Cashaa...

Indian Crypto Bill Miss Dice To 17 Other New Bills In Monsoon Session

It appears that the Indian Government would not be presenting the Cryptocurrency Bill during this Monsoon Session, according to the reports. Instead of a crypto...

Need For Crypto Regulations In India

On one hand, India is planning to regulate cryptocurrency, while on the other hand, the industry is attracting more users. Till May 2021, the...

Indian Crypto Investment In Past Year Rises By 19,900%, Individuals Choosing Digital Assets Over Gold

Although cryptocurrency has an uncertain regulatory environment in India, in just one year, the investment in these digital assets has been increased by around...

IDFC First Bank Halts Offering Services To Crypto Industry

A group of Indian banks are still hesitant to offer their services to the crypto industry, therefore, they have decided to take make the...

Two IITians Behind India’s Largest Crypto Exchange CoinDCX

It has been almost three years since Neeraj Khandelwal and Sumit Gupta introduced the Indian crypto exchange, CoinDCX, and started their cryptocurrency journey. This...

Infosys Co-Founder Nandan Nilekani Suggests To Use Crypto As Asset Class And Not Currency

Although cryptocurrencies are facing regulatory uncertainty in India, virtual currency has been gaining popularity among citizens, keeping that in mind, the government could consider...

RBI Conveys Serious Cryptocurrency Concern To Central Government: Says Governor

Although the Reserve Bank of India clarified its stance on cryptocurrency, it still has some major concerns regarding the digital asset, which it has...

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