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Category: Crypto India

Fate of Indian Crypto Bill uncertain: Left out of Monsoon Session of Parliament

It looks like that cabinet note for the Indian cryptocurrency bill will not be tabled in the Monsoon session of the Parliament after it missed the dice to 17 other new bills. This is not the first time that the bill’s movement has been delayed. Earlier in the Budget session of the year, the crypto

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Crypto Money Laundering Racket Involving Pakistan busted in India

A Chartered Accountant from Gurugram in India, a company secretary and two businessmen were arrested by Madhya Pradesh Police’s cyber crime cell on Tuesday evening. The accused had carried out transactions worth Rs 50 crores (~$6.6 Million) in relation to a racket that involved sending money to Pakistan through cryptocurrency. Yogesh Chaudhary,additional director general of

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Big Setback For Foreign Crypto Exchanges In India as Gov Plans 18% Additional Taxation

Foreign crypto exchanges offering their service to Indian customers might have to pay additional tax, as per a report in The Economic Times. The Indian Tax authority is exploring the tax bracket that many foreign cryptocurrency exchanges may fall into depending on their service offerings in the country. At present foreign exchanges don’t pay any

The post Big Setback For Foreign Crypto Exchanges In India as Gov Plans 18% Additional Taxation appeared first on Coingape.

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Crypto Investments Rise By 19900% YoY in India To Cross $40 Billion

India has witnessed massive growth in cryptocurrency investments in the last year The country has seen a rise from $200 million to over $40 billion worth of investments in digital currency Bitcoin (BTC) holdings are being viewed as digital gold by the citizens India’s Cryptocurrency Investment Surge Despite strict regulatory measures looming over the digital

The post Crypto Investments Rise By 19900% YoY in India To Cross $40 Billion appeared first on Coingape.

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India May Classify Bitcoin as an Asset Class: Sources

The Indian crypto regulations are yet to be finalized, but sources familiar with the matter suggested that the top regulatory body in the country may classify it as an asset class, reported The Economic Times.  The news comes just a day after El Salvador, a small Central American nation passed a bill to make Bitcoin

The post India May Classify Bitcoin as an Asset Class: Sources appeared first on Coingape.

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