Cryptocurrency Analysis and News Portal
The Indian government is reportedly planning to fast-track its proposed cryptocurrency bill using the ordinance process.Similar to an executive order in the U.S., an ordinance law is put into effect by India’s president on the recommendation of the cabinet, and would be equivalent to an act of parliament, according to
Read More
The Indian Parliament will consider a government-introduced bill that would ban private cryptocurrencies in its upcoming budget session. Given the ruling party controls both houses of Parliament, the chances of the bill’s passage are considered good.According to the Lok Sabha Bulletin published Friday, the Cryptocurrency and Regulation of Official Digital
Read More
"Shreeki" allegedly hacked government portals, bitcoin exchanges and poker sites. Source
Read More
A new report shows India’s regional internet shutdowns in 2020 cost its economy approximately $2.8 billion, making it the country that suffered the most damage from internet manipulation by a government last year.Internet shutdowns, or the intentional disruptions of internet access or electronic communications targeting a specific location or population,
Read More
The Indian government is considering a bitcoin transaction tax that would add $1 billion in revenue a year, a move some industry participants said is a sign of the government’s growing comfort with cryptocurrencies.A proposal put forward to the Central Board of Indirect Taxes & Customs (CBIC) by the
Read More
India-based investors may soon have to pay taxes on returns earned from bitcoin investments.The country’s income tax authority is tracking investors making money amid the ongoing bitcoin price rally and is all set to demand taxes, two sources familiar with the matter said, according to The Economic Times (ET), a
Read More
Earlier this month, reacting to a decision by India’s highest court, prominent comedian Kunal Kamra tweeted that India’s Supreme Court is the “most Supreme joke of this country.” The following day, local media reported that Attorney General K. K. Venugopal greenlighted court proceedings against the comedian, based on a few tweets
Read More
With the new cloud region in India, Amazon will be expanding its market in the Asia region and further strengthening its stronghold in the country. Amazon AWS already offers its services to some of India’s biggest conglomerates.Amazon.com Inc (NASDAQ: AMZN) has announced its major expansion plans in Asia as its
Read More
India’s digital assets space continues to see rapid development, with the latest news from the subcontinent being cryptocurrency financial services offered at physical branches.According to a blog post from digital finance firm Cashaa on Tuesday, a new joint venture with the United Multi State Credit Cooperative Society will provide users
Read More
Elon Musk announced Friday that Tesla would enter India in 2021.India is the world’s fifth-largest auto market.Several U.S. brands have quit the Indian market in recent years. This includes General Motors and Harley Davidson.The long-awaited entry of Tesla into India is now months away if Elon Musk is to be
Read More