India Reveals IMF is Working With G-20 for Crypto Regulations
India has officially revealed details of the ongoing work in the G-20 around how to regulate crypto. Original Source
Read More
India
India Maintains Position on Crypto Tax in Budget
There are fears that India may use its position as president of the G-20 in its fight against the cryptocurrency industry.World’s largest democracy, India, has maintained its crypto tax rules in its latest budget. Last April, the Indian government announced a 30% tax on crypto gains. It also imposed a
Read More
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
Read More
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
Read More
Crypto India Looks For Relief But Holds Out Little Hope In Budget Speech
India is unlikely to change its restrictive crypto tax rules when Finance Minister Nirmala Sitharaman unveils the country’s new budget on Wednesday, CoinDesk has learned. Original Source
Read More
India Takes the Lead on Global Crypto Policy as G-20 President
The presidency comes after India announced steep crypto taxes on Feb. 1, 2022, that were blasted by crypto companies operating in the country. As a result, Indians moved more than $3.8 billion in trading volume from local to international crypto exchanges between February, when the taxes were announced, and October
Read More
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
Read More
India Proposes Self-Regulatory Mechanism for Online Gaming Companies
India proposed a draft on Monday to ensure due diligence and allow its online gaming industry to regulate itself.The government of India recently proposed a mechanism for self-regulation in the country’s online gaming industry. This development comes amid rising concerns over gaming addiction and disruptive patchy state laws. The newly-proposed online gaming
Read More
Car Manufacturer Maruti Suzuki Launches Metaverse Showroom Experience in India – Metaverse Bitcoin News
Maruti Suzuki, one of the biggest car manufacturers in India, has announced that it is taking its customer retail experience to the metaverse. The company announced on Jan. 1, it would launch a VR (virtual reality) network for its Arena showroom series, allowing its users to experience the Maruti Suzuki
Read More