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India

India should introduce ‘more principle-based’ legal framework for digital currency, IT minister says
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24 January, 2023

India should introduce ‘more principle-based’ legal framework for digital currency, IT minister says

Minister Rajeev Chandrasekhar noted that the new rules would be "less prescriptive and more principle-based" to provide for the rapid...
India virtual currency industry calls for tax relief ahead of 2023 Union Budget
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22 January, 2023

India virtual currency industry calls for tax relief ahead of 2023 Union Budget

Stakeholders argue that reducing TDS from 1% to 0.01% would provide competitive prices to India's virtual currency users and safeguard...
Reserve Bank of India Gov: Digital currencies are akin to gambling and should be banned
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19 January, 2023

Reserve Bank of India Gov: Digital currencies are akin to gambling and should be banned

Shaktikanta Das, head of the Reserve Bank of India, says that the best way to regulate the industry is to...
India’s CoinSwitch adds non-digital currency products amid stern tax policies
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15 January, 2023

India’s CoinSwitch adds non-digital currency products amid stern tax policies

The new products that will be offered by CoinSwitch include mutual funds, stocks, U.S. equities, exchange-traded funds (ETFs), and fixed...
India gov’t launches awareness campaign on digital currencies and online gaming
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8 January, 2023

India gov’t launches awareness campaign on digital currencies and online gaming

IPEF has expressed concern over the rising incidents of digital asset fraud in India and the ignorance of residents investing...
Bank of India pushes for global regulatory efforts over digital asset industry
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3 January, 2023

Bank of India pushes for global regulatory efforts over digital asset industry

The RBI report suggested using the “same-risk-same-regulatory-outcome” principle, which would see the virtual currency service providers being regulated similarly to...
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