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Tag Archives: india

India Seeks Introduction of Anti-Tax Evasion Crypto Laws

The new budget session of Parliament in India is particularly important given that this is allegedly when the country is going to make some hardcore decisions regarding the future of crypto within the nation’s borders. Regulators are seeking to initiate some new laws in which anti-tax evasion laws surrounding crypto will be set in stone. India Is Looking to Prevent Tax Evasion Through Crypto India has had a very up and down relationship with digital currency. Since 2018,...

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Bitcoin And Ethereum Futures ETF To Arrive In India

Through a memo of understanding, Torus King Blockchain IFSC recently partnered with India INX to launch India’s first Bitcoin and Ethereum ETF product. This is the first Bitcoin futures ETF to premier outside of the United States. An Indian Crypto ETF As reported by The Economic Times, the ETF will launch under the International Financial Services Centres Authority (IFSCA)’s sandbox structure. Torus will be responsible for providing liquidity to India INX using smart order...

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India Gets Its Very First Crypto Index

It has arguably gotten to the point that crypto traders don’t know what to make of India. One minute it seems to be pushing crypto. The next, it’s shoving it down to the lowest rung on the financial ladder. India and Its New Crypto Index Recently, global crypto app Crypto Wire has unveiled a new crypto index for India that will monitor the performances of the world’s top 15 digital currencies. Known as IC15, the product will allow traders in India to view the price...

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Crypto Regulation in India Is Still Unclear

India has fallen behind on its plans to regulate cryptocurrency. The winter session of Parliament was supposed to see a new bill introduced that would recognize crypto as a new asset class that could be regulated and monitored. However, this has not yet occurred and thus India’s digital currency future is still in the clouds. India and Crypto Regulation: What’s Happening? The good news is that regulatory officials have stated that at this stage, outright banning crypto...

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Hackers Rename Twitter Account of Indian Medical Assn. to Elon Musk in a Cryptocurrency Scam

The Twitter accounts of the Indian Medical Association (IMA), the Indian Council of World Affairs (ICWA), and Mann Deshi Mahila Bank (a local bank that supports female micro-entrepreneurs) were hacked on Sunday (January 2). The bad actors renamed the handle “Elon Musk” and initiated a cryptocurrency scam. The Most Recent Attacks After carrying out the cyber outbreak, the perpetrators posted many tweets promoting cryptocurrencies. They also changed the name and the profile...

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India Is Still Contemplating What to Do with Crypto

Narendra Modi – the prime minister of India – has emerged to let crypto traders know that while the nation may have delayed its regulatory decision, it still has every intention of ensuring that crypto presents a safe environment for everyone within the country’s borders. India and Crypto… Where Are Things Headed? Not long ago, discussions emerged saying that bitcoin and crypto were no longer on the verge of being banned in India, and thus the country was instead going...

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India’s Regulatory Watchdogs Wants Mutual Funds to Refrain From Crypto-related NFOs

India’s crypto saga did not have any significant breakthrough this year. As the regulatory climate remained unclear, the country’s market regulator feels mutual fund houses should not come up with fund offers related to cryptocurrency assets. SEBI Not Excited About Crypto NFOs The Securities and Exchange Board of India (SEBI) chairman, Ajay Tyagi, reportedly noted that the regulatory entity does not want the domestic mutual funds to develop any crypto-based new fund offers...

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India Delays Its Decision Regarding Crypto Regulation

After touting a new bill that would potentially regulate crypto and declare it a new financial sector within the country’s borders, India has announced it will not be moving forward on the bill at this time. To be fair, this doesn’t mean a ban will be put in place. It just means officials are delaying a decision that was supposed to be made during this winter season in India’s Parliament. India Has Hit a Standstill News emerged less than a month ago that India had...

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India Prime Minister’s Twitter Compromised: Hacker Posts a Bitcoin Scam

The Prime Minister of India – Narendra Mori – had his official Twitter account. While under the control of the perpetrator, the account published a tweet of a BTC giveaway scam. Narendra Modi is the acting Prime Minister of India, and he got re-elected back in 2019 for another term. His Twitter account has over 73.4 million followers, and, unfortunately, it got compromised earlier today. This was confirmed by the Office of the Prime Minister of India in a separate tweet,...

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The Government of India Will Not Promote Crypto

The government of India has announced in a statement that despite submitting a bill to regulate crypto and recognize it as an asset class rather than ban it, it will not engage in any marketing or promotion of the cryptocurrency industry. India Is Not Looking to Market Crypto Not long ago, crypto investors in India got some good news when the country announced that its previous plans of banning all digital currencies were likely to become null and void. Rather,...

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