India
Binance-WazirX Dispute Rages as the Indian Crypto Exchange Is Told to Move Funds Out of Binance
The solution ostensibly ends worries about what would happen to customer funds if Binance and WazirX end their collaboration.
India Reveals IMF Is Working With G-20 for Crypto Regulations
Ajay Seth, secretary, Department of Economic Affairs, said crypto assets are not illegal in the country.
India’s Budget Disappoints
India instituted a 30% tax on profits and a 1% tax deducted at source (TDS) on all transactions for the crypto sector last year. Traders' hopes of the tax change in 2023 dashed. That story and other news shaping the cryptocurrency world in this episode of "The Daily Forkast."
India's Reliance Retail, Other Merchants Now Accepting Digital Rupee
The pilot phase for India's digital currency has expanded beyond the original four cities.
India Keeps Restrictive Crypto Tax Rules in 2023 Budget
India instituted a 30% tax on profits and a 1% tax deducted at source (TDS) on all transactions for the crypto sector in 2022. Now the world's largest democracy is keeping its restrictive crypto tax rules unchanged in 2023 as Finance Minister Nirmala Sitharaman did not mention crypto, virtual digital assets, blockchain or central bank digital currencies (digital rupee) while unveiling the nation’s budget. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses how this could impact crypto adoption and trading volumes in the country.
India's Crypto Tax Amendment Could Punish Evaders With Jail Time, Attorneys Say
In 2022 India instituted a 30% tax on profits and a 1% tax deducted at source (TDS) on all transactions for the crypto sector.
Crypto India Looks for Relief but Holds Out Little Hope in Budget Speech
India is unlikely to make any crypto related tax cuts, multiple sources said.
WazirX Says Binance Lied About Ownership as Dispute About India’s Largest Exchange Escalates
The back-and-forth about the ownership of WazirX could have a devastating effect on the Indian exchange and its users.
India Has Clamped Down on Crypto. What Will It Do With Its G-20 Power?
As this year's president of the intergovernmental forum, India can dictate how developed countries think about the future of crypto regulation, says CoinDesk's Amitoj Singh.
Indian Government Launches Blockchain Initiative With 5ire, Network Capital
5ire said in July it raised $100 million in Series A funding from U.K.-based conglomerate Sram and Mram.
