The Latest Report Shows that India has 115 Million Crypto Investors
There are around 115 million crypto investors in India who either currently hold crypto or have traded crypto in the past six months
Tag india
India Freezes Assets of Binance-Owned Local unit WazirX
Key Takeaways: Assets belonging to WazirX, which Binance acquired in 2019, have been frozen as part of an investigation into potential breaches of foreign exchange regulations. Assets worth $8.16 million, or 646.70 million rupees, were declared blocked by the ED.…
WazirX Faces ED Probe for Alleged Money Laundering of Rs 2,800 Crore
Key Takeaways: ED alleges that WazirX operated by Zanmai Labs Private Limited in India was using the walled infrastructure of Cayman Island-based exchange Binance. ED is probing two cases related to cryptocurrency against WazirX under the provisions of the Foreign…
BACC urges NPCI to Restore UPI Service to Indian Crypto exchanges
Key Takeaways BACC wrote a letter to NPCI requesting a meeting to discuss and understand concerns around crypto trade in India Earlier in April, NPCI has clarified that it is not aware of any crypto exchange using UPI The Blockchain…
RBI to Adopt Graded Approach to Introduce Digital Currency
Key takeaways: The central bank’s digital currency is being created in accordance with current financial regulation, financial stability, and the current payment system. In such circumstances, it has been determined to continue in stages. Pretesting will be implemented initially at…
RBI Rejects MobiKwik’s Payment Aggregator Licence; Support to Crypto Exchanges Likely Reason
Key Takeaways RBI won’t allow Mobikwik to use Zaakpay. Crypto exchanges are not using UPI services on their platform. On Friday, Business Today reported that the Fintech major MobiKwik applied for an application to use Zaakpay as an aggregator. However,…
Present Status of Cryptocurrency in India
Digital assets have been a topic of controversy worldwide for a while now. Debates about its receiving legal status in India have been ongoing. During the discussion of the country’s budget, it was announced that a 30% tax would be…
30% Tax on Crypto in India; Digital Rupee to Launch by 2023
Follow us on Google News Key takeaways 30% tax would be charged on income from the transfer of virtual digital assets. Finance Minister Nirmala Sitharaman announced that the Reserve Bank of India would issue a digital rupee using Blockchain and…
