Cryptocurrency Analysis and News Portal
According to a local media source, crypto trading in India is on the rise. This comes as the Indian government is mulling over a ban on private digital currencies, which they say is necessary to protect investors. But, based on the rising popularity of local crypto exchanges, it appears that
Read More
Australian cricket legend Brett Lee and leading sportsbook Sportsbet have donated 1 Bitcoin each in an effort to provide much-needed aid to India during the ongoing Covid pandemic crisis. The money will be used for general aid and to help to provide India with general medical supplies. Having spent a
Read More
Leading U.S. cryptocurrency exchange Coinbase has announced it is “establishing a business presence in India” despite uncertain regulatory headwinds for crypto in the country.In a March 25 blog post, Coinbase revealed it is planning to house “some IT services, including engineering, software development and customer support operations in India,“ noting
Read More
However, India’s crypto ban may just be another ‘FUD’ meant to create fear in the crypto industry. Amid talks of a crypto ban in India, a new report by an Indian business magazine suggests that the government may block IP addresses belonging to crypto exchange to implement the ban. However, the
Read More
India is reportedly planning a short-term boost to its coffers by ensuring the nation’s cryptocurrency space is taxed before bringing in a ban on such assets.The government is likely to impose both personal income tax (IT) and the goods and services tax (GST) on gains from trading cryptocurrencies, according to
Read More
The crypto industry in Africa and India is still nascent as the countries are just beginning to come to terms with what this new technological advancement means for their financial industry.Twitter’s CEO Jack Dorsey together with billionaire music mogul Jay-Z have announced a blind Bitcoin (BTC) development trust that is
Read More
Crypto traders and investors as well as companies are expected to be given a three to six month transition period to liquidate their digital holdings after the new law is made officially.According to reports, India is set to issue a crypto ban in the country as a draft bill is
Read More
Twitter CEO Jack Dorsey has announced the creation of a blind Bitcoin (BTC) development trust worth 500 BTC ($23.7 million), along with rapper Jay-Z, for teams working on the project in India and Africa. Dorsey revealed the creation of the trust on Feb. 12 while sending out a call for
Read More
Policymakers in India will provide a transition period if a proposed ban on cryptocurrency usage is passed as expected.According to a report by Bloomberg on Thursday, a senior Financial Ministry official – speaking under condition of anonymity – told Bloomberg cryptocurrency holders were likely to be given a three-to-six month
Read More
Two of the world’s ten most populous countries have or are considering crypto bans: Here’s what it means.This episode is sponsored by Nexo.io.On today’s episode, NLW examines two governments' attempts to restrict how their citizens interact with crypto. He breaks down:India’s history with crypto bansIndia’s history with demonetization and financial
Read More