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Category: India

Asian Countries Lead the Crypto Adoption Process

Developing business sectors are not totally remembered for the worldwide economy because of an absence of adherence to westernized norms. Residents from arising economies exhibit particular practices while associating with monetary items like banks or digitized installments. In truth, nations situated in Asia, Africa, and surprisingly South America are just somewhat remembered for the worldwide monetary area. Late reports on […]

The post Asian Countries Lead the Crypto Adoption Process appeared first on Coin News Asia.

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Breaking: Indian High Court calls for “standardized disclaimers’ on crypto advertisements

Delhi High Court has issued a notice on the plea filed against cryptocurrency advertisements in India; the court has ordered the utilization of standardized disclaimers on the ads in the public interest. The Divisional Bench of Justice DN Patel and Justice Jyoti Singh has notified the Securities and Exchange Board of India (SEBI), the Ministry

The post Breaking: Indian High Court calls for “standardized disclaimers’ on crypto advertisements appeared first on Coingape.

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Indian Finance Minister Says Cabinet Note Ready on Crypto Bill

Nirmala Sitharaman, the Indian finance minister in her latest interview gave an insight into the long-pending crypto bill. She revealed the cabinet note for the crypto bill is ready and has been prepared after taking inputs from the stakeholders of the industry. The Indian crypto bill was listed during the last budget session of the

The post Indian Finance Minister Says Cabinet Note Ready on Crypto Bill appeared first on Coingape.

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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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All Eyes On Indian Crypto Bill as Monsoon Session Starts on July 19

The monsoon session for the Indian parliament is scheduled to begin on July 19 and commence by the second week of August. Among various agendas and bills up for discussion, the crypto communities have their eye set on the Crypto bill. The excitement is higher this time around since inside reports have suggested a positive

The post All Eyes On Indian Crypto Bill as Monsoon Session Starts on July 19 appeared first on Coingape.

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Indian Investments In Crypto Grow Rapidly As $40 Billion Milestone Is Reached

India is seeing explosive growth in crypto investments compared to last year as the $40 billion milestone is crossed. Rapid Growth In Cryptocurrency Compared To Last Year As per a Bloomberg report, Indian investors now hold $40 billion in virtual assets, a massive increase from $200 million a year ago. Traditionally, precious metals like gold […]
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Is Bitcoin Price Falling Because of China Mining Crackdown?

Things aren’t as ruddy on the opposite side of the world. Be that as it may, one portion of the world appears to be agreeable to managing crypto and keeping it alive, the other half is by all accounts against it. China, the country that houses the majority of the world’s Bitcoin mines, as of late began a crackdown against […]

The post Is Bitcoin Price Falling Because of China Mining Crackdown? appeared first on Coin News Asia.

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Thailand SEC Requires Crypto Exchanges to Comply Revised Rules

Offers in Asia-Pacific were blended in Monday exchange, with different significant business sectors in the locale shut for occasions. Thailand has become the most recent country in Asia, after China, to limit exchanging the profoundly speculative digital currencies and the non-fungible tokens (NFTs). The Thai Securities and Exchange Commission (SEC) gave new guidelines that boycott particular kinds of advanced coins, […]

The post Thailand SEC Requires Crypto Exchanges to Comply Revised Rules appeared first on Coin News Asia.

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Breaking: Twitter Faces Criminal Liabilities for Third Party Content In India

Twitter has lost its intermediary status in India for failing to comply with the latest IT regulations that came into effect on May 25. The intermediary status offered a legal shield to social media platforms that protected them from persecution over content posted on the platform. This would also mean the social media platform would

The post Breaking: Twitter Faces Criminal Liabilities for Third Party Content In India appeared first on Coingape.

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Indian Crypto Exchange WazirX at the Center of an Alleged $38M Money Laundering Investigation

WazirX, the top crypto India exchange is at the center of a $38 million money-laundering investigation with a Binance connection. The Enforcement Directorate, a financial watchdog in India today allegedly issued a show-cause notice to the Indian crypto exchange WazirX regarding an ongoing money-laundering investigation into an illegal Chinese betting app. ED in its official

The post Indian Crypto Exchange WazirX at the Center of an Alleged $38M Money Laundering Investigation appeared first on Coingape.

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Breaking: Indian Crypto Exchange Faces Investigation Over Money Laundering Charges

The Enforcement Directorate (ED), an economic intelligence agency responsible for enforcing economic laws in India issued a show-cause notice to crypto exchange Wazirx along with its directors today, over crypto transactions amounting to Rs 2,790.74 crore ($38.18 million). ED has issued Show Cause Notice to WazirX Crypto-currency Exchange for contravention of FEMA, 1999 for transactions

The post Breaking: Indian Crypto Exchange Faces Investigation Over Money Laundering Charges appeared first on Coingape.

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GPU chips in India Selling at 2X, Are Crypto Miners to blame?

The Indian gaming market is suffering from a GPU shortage as newly launched Nvidia GPUs are selling at 2X the original price. For example, Nvidia 3070 GPU is priced at INR 45K but the partner cards are being sold at INR 90k and more. The shortage is being attributed to silicon scarcity and hoarding by

The post GPU chips in India Selling at 2X, Are Crypto Miners to blame? appeared first on Coingape.

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Twitter Faces Government Backlash Across Globe Over it’s Censorship Policies, What’s next?

Twitter, the popular social media platform is at the center of a big censorship controversy after facing heavy backlash from governments across the globe. The Nigerian government has outright banned Twitter’s use after the platform deleted the President’s tweet. The government has cut all cellular connections for the social media platform post its actions. NIGERIA:

The post Twitter Faces Government Backlash Across Globe Over it’s Censorship Policies, What’s next? appeared first on Coingape.

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