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India Coin (INDIA) News



India

India invites partners to jointly control the cryptosphere

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The Indian government has repeatedly postponed the consideration of a bill to regulate relations in the cryptocurrency market. The authorities take this decision due to opposition from the Central Bank, which is categorically against recognizing such instruments as means of payment. This week,...

WazirX

Bitcoin exchange WazirX accused of tax evasion in India

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The Indian authorities have identified a violation of tax laws by the crypto exchange WazirX, owned by Binance. A study of the platform's business activity revealed a Goods and Services Tax (GST) evasion for Rs 49.2 crores (over $6 million), including interest and fines. The authorities also turned...

Narendra Modi Twitter account hacked

Hackers Cracked Indian PM's Twitter Account

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Attackers targeted the Twitter account of Indian PM Narendra Modi. On Sunday, Dec. 12, they spread fake news that India has adopted BTC. Also, the hackers wrote that the country acquired 500 coins to distribute to India’s residents. The office of the PM of India informed Twitter about the hack,...

CoinDCX India

Popular Indian Crypto Exchange Gets Ready for IPO

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The most prosperous crypto company of India, CoinDCX intends to hold an Initial Public Offering (IPO) when the question of regulations gets clear. CoinDCX co-founder Neeraj Khandelwal told about it during an interview with Bloomberg Television Monday. He also noted that an IPO delivers legitimacy...

India

Indian government offers crypto cooperation to democratic countries

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Today India is one of the few countries that intend to work with cryptocurrencies in the long term. The government of this state has been going for a long time to create a regulatory framework for digital currencies and recognize them as a separate class of assets. Recently, the Indian authorities...

India crypto Narendra Modi

Democratic Nations Must Work on Crypto Together: India's PM

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Prime Minister of India, Narendra Modi tweeted about the crypto sphere saying democratic nations must team up to work on the industry together, and make sure that crypto doesn't appear in the wrong hands. Otherwise, it will spoil the youth, the politician wrote. Modi expressed his opinion during...

India

India will hold talks with representatives of cryptosphere

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At the end of October, Indian media reported on the plans of the country's authorities to decide on the legalization of the cryptosphere. The Ministry of Finance will prepare the corresponding bill by February next year. On the coming Monday, negotiations will take place between representatives of...

india

India plans to legalize crypto market

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Back in early June, it became known about the Indian government's plans to liberalize its policy concerning the cryptocurrency sphere. The journalists found out that the country's authorities have decided to legalize innovative tools. The corresponding bill will be developed by experts from the...

India crypto regulation

India’s Regulatory Authority Issued a Notice Over Crypto

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On October 21, India's top securities regulator, the Securities and Exchange Board of India (SEBI), issued a notice over crypto trading, telling advisers not to deal in assets that are unregulated in the country. In the...

RBI

Former RBI deputy governor calls for India to accept cryptos

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At yesterday’s blockchain conference, former Deputy Governor of the Reserve Bank of India Rama Subramaniam said that the government should seriously think about the full adoption of digital money. The man believes that India should start treating cryptocurrencies as full-fledged taxable assets....

CBDC

India plans to start testing its token by the end of 2021

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India has joined those states that are accelerating the development of a national digital currency. Testing of the Central Bank token (CBDC) should begin before the end of this year. Shaktikanta Das, representing the leadership of the Central Bank, told the journalists about this. The Reserve Bank...

India

India to start using blockchain to authenticate diplomas

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Soon, India will be able to become one of the first states to introduce blockchain into e-government in higher education. So, the authorities of Maharashtra have officially announced the conclusion of a partnership with the blockchain company LegitDoc. Officials want to leverage Ethereum's...

Bitcoin

Indian crypto exchanges are not afraid of the fall of BTC

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Crypto exchanges serving Indian traders see no reason to panic despite the dominance of bearish sentiment in the market. As Business Insider India clarifies, local trading platforms, on the contrary, are actively developing infrastructure for transactions with digital currencies. The exchanges were...

India crypto investments

Crypto Investments in India from $200 M to $40 B in a Year

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Data from Chainalysis shows that Indian's share of crypto investments has gone up to $40 M. Last year, the amount was $200 M. The youngest investors of the country are more tended to invest in cryptocurrencies than in precious metals. Over 15 million Indians are now purchasing cryptocurrencies....

India

Reserve Bank of India clarifies position on cryptocurrencies

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The Reserve Bank of India (RBI) has remained critical of cryptocurrencies, head of the regulator Shaktikanta Das said during an online conference. “RBI has serious concerns about cryptocurrency that we have reported to the government,” Das said. In 2018, the regulator banned the controlled...

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...