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India

Reserve Bank of India warns digital currencies will ‘dollarize’ economy
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22 May, 2022

Reserve Bank of India warns digital currencies will ‘dollarize’ economy

The central bank says that digital currencies will seriously undermine its ability to determine monetary policy and contribute to money...
India’s SEBI proposes prohibiting celebrity digital currency endorsement
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20 May, 2022

India’s SEBI proposes prohibiting celebrity digital currency endorsement

SEBI made the proposal in response to a call for comments on the recently unveiled guidelines for digital currency advertising...
India to impose 28% tax on digital currency transactions: report
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13 May, 2022

India to impose 28% tax on digital currency transactions: report

India is weighing a 28% Goods and Service Tax (GST) for digital asset transactions, just a month after imposing a...
Probe into $2,600 Indian job fraud reveals $390M Binance-linked digital asset scam
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6 May, 2022

Probe into $2,600 Indian job fraud reveals $390M Binance-linked digital asset scam

Indian police thought they were curbing a simple job scam but stumbled upon one of the largest digital asset scams,...
India IT ministry orders digital currency exchanges to store user data for 5 years
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5 May, 2022

India IT ministry orders digital currency exchanges to store user data for 5 years

The directive, which is set to come into force on June 22, also applies to data centers, Virtual Private Server...
India digital currency regulations aftermath: Frozen payments, Bitcoin brain drain, traders’ woes and more
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27 April, 2022

India digital currency regulations aftermath: Frozen payments, Bitcoin brain drain, traders’ woes and more

Investors and traders are bearing the strict regulations on digital currency in India—with some transferring their digital currencies to overseas...
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