Wednesday, February 8, 2023
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Algorand to drive Web3 adoption in India through key partnerships

Algorand Foundation announced several partnerships in India, including collaborations with schools to develop educational programs to help grow Web3 in the country. In an announcement sent to Cryptox, the Algorand team said it partnered with Jawaharlal Nehru Technological University Hyderabad and the Indian School of Business to launch educational programs. This includes

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India to Introduce Measures Around Crypto This Year, Says Government Official – Regulation Bitcoin News

The Indian government is planning to introduce “measures around crypto” this year, according to the country’s Economic Affairs Secretary Ajay Seth. India’s finance minister says cryptocurrency regulation will be discussed in her upcoming G20 meeting of finance ministers and central bank governors. India Could Introduce Crypto Measures This Year India’s Economic Affairs

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Here’s why India held on to older crypto reforms in national budget 2023

Cryptocurrency and blockchain technology found no mention in India’s union budget for the year 2023, bringing down the hopes of millions of crypto holders in the country. Many in the Indian crypto community were hoping for some reduction to the high crypto tax, implemented in March 2022.Indian finance minister Nirmala

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India Highlights Need for ‘Common Approach to Regulating Crypto Ecosystem’ – Regulation Bitcoin News

India’s Finance Ministry has highlighted the necessity for “a common approach to regulating the crypto ecosystem” in its flagship Economic Survey this year. “Crypto assets are self-referential instruments and do not strictly pass the test of being a financial asset because it has no intrinsic cashflows attached to them,” the

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Nothing Outlaws Crypto in India if Legal Procedures Are Followed, Says Government Official – Regulation Bitcoin News

An Indian government official says that there is currently nothing that outlaws crypto in India “as long as you follow the legal process.” Meanwhile, the country’s central bank, the Reserve Bank of India (RBI), has stressed that “cryptocurrency does not have any underlying value.” Indian Government Official on Crypto Indian government official

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