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Tag Archives: india

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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India Says “No” to a Crypto Ban, Will Permit Local Investing

Crypto investors in India have received some good news in that the country has decided not to ban cryptocurrency. Rather, digital assets are now going to be recognized as an entirely new asset class and will thus be regulated as so. India Classifies Crypto as a New Asset Class This has been a back-and-forth battle that was going even just a few weeks ago after the nation’s Parliament issued a bill to be discussed during the winter session that would set forth rather...

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New Crypto Bill in India Would Both Regulate and Ban Certain Aspects of the Industry

India is proposing a new bill that if passed, would see the combination of regulation and a ban in the crypto world. India Has a New Crypto Bill in Play The nation has had a rather up-and-down relationship with bitcoin and crypto. Roughly three years ago, India stated that it would not allow cryptocurrency or blockchain businesses to access standard financial tools like checking and savings accounts. It was widely – and incorrectly – reported that India was full-on...

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