India releases National Blockchain Technique concentrating on e-governance
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India releases National Blockchain Technique concentrating on e-governance

Home » Tech » India releases National Blockchain Strategy focusing on e-governance India has released a five-year roadmap for adopting blockchain technology in the country. Dubbed the ‘National Blockchain Strategy,’ it focuses on promoting blockchain in various sectors of the economy and aims to foster closer cooperation between the private sector and the government. The 52-page…

India to modify, not ban, crypto: Cabinet papers
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India to modify, not ban, crypto: Cabinet papers

Indian crypto investors will reportedly be given a certain time frame to declare their crypto holdings, and must then hold their assets on crypto exchanges regulated by SEBI…

India doesnt plan to regulate Bitcoin as a foreign currency: finance minister
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India doesnt plan to regulate Bitcoin as a foreign currency: finance minister

Home » Business » India doesn’t intend to regulate Bitcoin as a currency: finance minister India has no plans to recognize Bitcoin as a currency any time soon, the country’s finance minister has confirmed. Speaking in the parliament, the government official said that the government does not collect Bitcoin transaction data, even as the country…

India digital foreign currency exchanges apt to be classified as e-commerce systems
Digital India

India digital foreign currency exchanges apt to be classified as e-commerce systems

Home » Business » India digital currency exchanges likely to be classified as e-commerce platforms The Indian government plans to classify digital currency exchanges as e-commerce platforms, and will also impose a 1% tax deduction under the goods and services tax (GST) regime, local news agency Business Standard reports. The GST, which has been effective…

India plans progressive tips towards digital foreign currency regulation
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India plans progressive tips towards digital foreign currency regulation

Home » Business » India plans progressive steps towards digital currency regulation The Indian government has shown an unstable relationship with digital currency over the last few years. In 2018, the Reserve Bank of India (RBI) placed a ban on digital currency transactions that the Supreme Court ruled on March 4, 2020—stating that it was…

India To Define Crypto Seeing that Asset, Ban Obligations, and Ads
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India To Define Crypto Seeing that Asset, Ban Obligations, and Ads

Source: AdobeStock/butenkowAmid a rising number of signs indicating that India’s government could adopt a more nuanced approach to cryptoassets, another report claims that the authorities are finalizing work on legislation that could pave the way for regulation of cryptoasset trading – while banning crypto’s use in payments and transactions.Under the legislative proposal, the government will…

India to lessen GST paid on cryptocurrency exchanges from 18% to 1% through regulatory reclassification
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India to lessen GST paid on cryptocurrency exchanges from 18% to 1% through regulatory reclassification

Despite the growing popularity of cryptocurrencies in India, lawmakers remain deeply divided on implementing a proper regulatory framework…

India digital currency law expected during budget in February 2022: officials
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India digital currency law expected during budget in February 2022: officials

Home » Business » India digital currency law expected during budget in February 2022: officials India’s long awaited digital currency law could finally be announced in the upcoming budget in February 2022, putting an end to the long-running discussions of how digital currency activities should be regulated in the country. Despite widespread skepticism across Indian…

India digital currency field to include $184B to economic climate by 2030: report
Digital India

India digital currency field to include $184B to economic climate by 2030: report

Home » Business » India digital currency sector to add $184B to economy by 2030: report India’s digital currency industry is predicted to record parabolic growth in the coming years, creating an economic value addition of $184 billion in investments and costs savings, according to a new report. The report further predicts that over 800,000…

Xiaomi India seeks regulatory clearness before adopting digital foreign currency
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Xiaomi India seeks regulatory clearness before adopting digital foreign currency

Home » Business » Xiaomi India seeks regulatory clarity before adopting digital currency Xiaomi India is showing a growing desire towards the cryptocurrency industry. The Indian-based unit of the company’s operation is mindful of regulatory concerns and needs regulatory clarity from the government before launching a project in the industry. Manu Jain, the subcontinent branch…