Bharat On Crypto
The Indian government has always taken a hard
stance on crypto, as in last year's budget
session they imposed a 30% tax on capital gains
along with 1% TDS on every crypto transaction.
#IndiaOnCrypto #ModiOnBitcoin #BTC #cryptoved #CryptoBan

India plans to restrict access to the URLs of nine offshore exchanges, including Binance, subsequent to the issuance of compliance 'show cause' notices.

The Indian government, through its Prevention of Money Laundering Act (PMLA), has recently sent compliance show cause notices to nine offshore cryptocurrency exchanges. This action, disclosed on Thursday, was carried out by India's Financial Intelligence Unit (FIU), an entity operating under the nation's Finance Ministry. The nine exchanges affected by these notices include Binance, KuCoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global, and Bitfinex. Additionally, the government has initiated steps to block the URLs of these entities for operating illegally in India without adhering to the PMLA regulations.#BTC #Web3Banking $ETH #Launchpool #BinanceSquare $BTC #IndiaOnCrypto

🚨 BCCI bars crypto companies from bid in lead sponser 🚨

The BCCI ( Board of control for Cricket in india ) is looking for next lead Sponsers for the indian cricket team. And for this it has put forward an annexure but they have bared “Crypto” Companies From paricipating in the bid. On the other hand Fantasy apps ( which Contain Money matches ) are allowed to bid

here is full list of brands/ categories that can’t participate in the bid

The prohibited categories include:

Athleisure and sportswear manufacturer
Alcohol products
Betting
Cryptocurrency
Real money gaming (barring fantasy sports gaming)
Tobacco
Platforms that could one offend public emotions

#IndiaCryptoRegulations #IndiaOnCrypto