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India Coin (INDIA) News



India

India will be offered an alternative regulation of cryptos

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Several cryptocurrency exchanges in India will send their proposals to the authorities for effective regulation of the industry. Among the recipients of the document are Finance Minister Nirmala Sitharaman and the Reserve Bank (RBI). The authors of the initiative included information on global...

Coinbase

Bitcoin exchange Coinbase posts 10 jobs in India

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Bitcoin exchange Coinbase plans to open an office in the Indian city of Hyderabad, despite a possible cryptocurrency ban in the country. Coinbase has more than 10 job openings in India, according to Linkedin. According to a blog post, the company is looking for employees for software development,...

Nandan Nilekani about crypto

Indian Billionaire Nandan Nilekani Supports Holding Crypto

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Successful entrepreneur, co-founder of major technology company Infosys, Nandan Nilekani says cryptocurrency should be considered an asset class in the country. On March 15, officials announced that the Indian government is going to put forward a bill forbidding crypto assets. Nilekani talked...

India considers a crypto ban

India Put Forward a Crypto Ban Proposal

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Reuters writes as stated by an Indian senior government executive the republic is going to put forward a law forbidding crypto assets. If the law passes, trading and holding crypto assets will be penalized. The same refers to release and mining. In January the government of India submitted a draft...

India crypto situation

India and the Crypto Assets. What Is Going on Now?

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The condition of the crypto sector isn't distinct in India. On January 30, the Government of the Republic represented a draft suggesting banning private crypto assets. Instead, the authorities put forward forming a system for a central bank digital currency (CBDC). The Parlament will consider the...

India

India is exploring the adoption of a digital asset law

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The Indian government is considering an abbreviated procedure for passing a digital asset industry regulation law. The country's government is considering a bill that will ban the use of private digital currencies, as well as, create a regulatory framework for the “digital rupee”. The bill is...

India

Indian officials denied rumors of intent to ban crypto

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The Indian government does not want to ban cryptos completely but intends to regulate this segment of the economy. Minister of Finance of the country Anurag Singh Thakur told about it last Tuesday. He emphasized that at this stage, the Cabinet of Ministers faces the task of increasing the...

India

Indian central bank examines need to launch digital rupee

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The Reserve Bank of India (RBI), the country's central bank, is looking into the need to launch its digital currency (CBDC). In a brochure on payments systems published on Monday, January 25, RBI said it is going to explore launch options if the need for the digital rupee arises. “Private digital...

India

Indian regulator proposes 18% tax on bitcoin trading

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The Central Bureau of Economic Intelligence of India (CEIB) is proposing an 18% tax on crypto trading. The agency classifies BTC as an "intangible asset". That is a Goods and Services Tax (GST). The government is currently considering a suggestion that would levy a tax on every bitcoin...

CoinDCX India

Crypto Exchange CoinDCX Surges $13.9 M in Series B

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India's most popular cryptocurrency market CoinDCX soared $ 13.9 M in a Series B funding stage headed by Block.one, the creator of the EOS project. Among the participants were Temasek, Jump Capital, Coinbase Ventures, and Bain Capital. In March 2020, CoinDCX reached $3 M in a Series A from ...

Narendra Modi

India’s PM became a victim of cyberpunks in Twitter

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The Twitter account of Narendra Modi, India's Prime Minister, was attacked. Officials announced that the attacked account was connected with Modi's individual website and mobile app. The criminals called their account "John Wick". They sent messages requesting contributions in Bitcoin...

India

A surge in bitcoin transactions was recorded in India

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Recently, the Supreme Court of India lifted the Reserve Bank’s ban on crypto services by local financial organizations. Internet users took the court decision as a relaxation of pressure on the industry and sharply increased investment in bitcoin. An inflow of capital was recorded by the Paxful...

Kraken exchange

Kraken exchange returns to India

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The American bitcoin exchange Kraken will return to India with a full range of products, including the futures, derivatives market, and spot trading. This decision was made after the Supreme Court of India lifted the ban on the central bank to carry out operations with digital assets by reporting...

Central Bank India cryptocurrency

India's CB challenges Supreme Court order on cryptocurrency

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The Reserve Bank of India plans to file a motion to review the Supreme Court's decision to regulate the first crypto coin and other cryptocurrencies. It is reported by the Economic Times. According to the publication, the regulator fears that the decree could lay the foundation for crypto trading...

India's Supreme Court

India’s Supreme Court removes curbs on crypto trade

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The Reserve Bank of India (RBI) Directive banning accountable organizations from providing banking services to companies involved in the trading of BTC and other cryptos has been repealed by a decision of the country's Supreme Court. Earlier, cryptocurrency exchanges, startups, and other industry...

Indian national blockchain framework

India plans to create a national blockchain framework

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The government of India is developing a national framework, which is going to maintain the broader deployment of blockchain use cases. Sanjay Dhotre, minister of state for electronics and IT (MeitY), said that the government is preparing an approach paper on the National Level Blockchain Framework,...

India defense blockchain

Indian Minister praises blockchain potential in defense

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Rajnath Singh, Defense Minister of India, believes that AI, blockchain, and Big Data have already changed the paradigm of warfare. Their use is necessary to protect critical infrastructure, he concluded. Singh made this statement during a speech to representatives of 80 states who will visit the...

Mukesh Ambani blockchain

India's richest man to launch a new blockchain

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On of the Indian mobile operator', Reliance Jio Infocomm, owned by the country's richest man Mukesh Ambani, intends to launch its own blockchain within a year. This was stated by Ambani himself. “From the first day, tens of thousands of active nodes will be online,” he stressed. So, it is...