India is 7th biggest nation ready to adopt crypto i 2023: report

According to HedgewithCrypto research, Australia is the biggest country when it comes to the adoption of cryptocurrency in 2023 with a score of 7.37 out of 10.

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India Crypto Regulatory Negotiations Gain Support from Major Stakeholders.



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Bitcoin and crypto is "not illegal" in India, finance minister nirmala sitharaman confirms as per bitcoin magazine report...!!

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FSB, IMF and BIS papers to set global crypto framework, says G20.

#FSB #IMF #BIS #G20 #india

For the first time since taking over the G-20 presidency, India has officially revealed details of the ongoing work around how to regulate crypto.

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Janet Yellen urges strong regulatory framework for crypto as India leads G20 push for regulation.

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The Award-winning musician surprised his millions of fans across the globe with the major announcement on his 56th birthday on Friday, as he announced to launch a new metaverse music platform called ‘Katraar’ soon.

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Indians moved more than $3.8 billion in trading volume from local to international crypto exchanges after the country announced stiff crypto tax rules last February, according to a research study by Esya Centre, a New Delhi-based technology policy think tank.

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India's junior IT minister on Thursday said there was no issue with cryptocurrencies in India if all laws are followed, in remarks that contradicted the central bank's view advising investors to stay away from crypto.

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The Financial Intelligence Unit tracked about 3,300 crypto accounts associated with illicit activities from April-November 2022.

These crypto accounts were linked to drug trafficking, money laundering, child pornography and wildlife smuggling.
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As per Budget 2022, any income from the transfer of VDA will attract a tax rate of 30 per cent. In addition, no deduction is allowed regarding any expense or allowance while computing such income, except for acquisition cost.
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The Government of India has received a total amount of Rs 60.46 crore in the form of tax deducted at source (TDS) from the trading of crypto assets, a statement from the Finance Ministry submitted in the Rajya Sabha said. #Binance #india #tds #taxcollection #cryptoonindia

The Indian Government's apex public policy think tank, NITI Aayog, has launched a blockchain module in partnership with crypto-focused 5ire and Network Capital, a mentorship and career exploration platform, they said Monday.

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The RBI’s latest financial stability report accentuated the negative about cryptocurrency and reminds the world that India is looking for global action on crypto regulation. #Binance #rbi #india #cryptoupdates #cryptoonindia

India expands national payment network to Singapore.

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This year’s Union Budget has come as a relief for a majority of the middle class taxpayers. However, the crypto industry received no respite as the flat 30 percent tax on crypto continues.

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India's money laundering laws will apply to trade in cryptocurrencies, the federal government said in a notification dated March 7.

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India’s Crypto Community to Swell to 156 Million Users in 2023, Leave US, UK Behind: Report

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The Reserve Bank of India is currently pursuing the inclusion of a "delete" provision to address the privacy issue of its Central Bank Digital Currency (CBDC). #crypto2023 #india #BTC

The Indian Web3 market is expected to reach $1.1 billion by 2032, up from $0.0049 billion in 2022 at a compound annual growth rate (CAGR) of 57 per cent, a report showed on Tuesday.

#Web3 #web3isthefuture #india #web3india #cryptoonindia