India to launch a futuristic digital payment solution e-RUPI – Prime Minister
India is set to launch a new digital payment infrastructure, e-Rupi this will facilitate transparent and leak-proof payment transfer initiated by several payment services. India’s digital payments system is about to undergo a big revamp later today! Prime Minister Narendra Modi said on Sunday, August 1 that on Monday, August 2 at 4:00 p.m. IST, […]
Indian High Court calls for standardization on crypto-related advertisements
In relation to public interest and complaints made by the people, the Indian High Court has called for standardizing disclaimers of all crypto-related advertisements. The Delhi High Court has issued a notice in response to a complaint made in India about cryptocurrency commercials; the court has urged concerned regulatory authorities to look into the matter […]
ICICI Bank India warns users not to send crypto using its remittance services
The bank in a statement said that it will not allow its services to be used for Bitcoin-related transactions while also urging users not to use its remittance services to send cryptocurrencies. Since the inception of Bitcoin, India’s attitude on cryptocurrency adoption has been hazy. In what appears to be yet another setback for the […]
Cabinet note for the crypto bill is ready – India’s Finance Minister
The Indian finance minister said that the Indian crypto bill is expected to be listed for discussion during the upcoming parliamentary session, she is also optimistic that the crypto-bill will be considered. In a recent interview, India’s finance minister, Nirmala Sitharaman, discussed the long-awaited crypto bill. She stated that the cabinet note for the crypto […]
Foreign Crypto Exchanges In India may be required to pay an 18% Additional Tax
Due to no clear regulatory guidelines, foreign crypto exchanges do not have a defined tax bracket, however, The Indian tax authority is planning to impose an 18% additional tax on them. According to a statement in The Economic Times, foreign crypto exchanges who provide services to Indian customers may be required to pay an extra […]