India


Finance

Industry Body for Indian Startups Seeks Crypto Rules

The group wants Parliament to provide more clarity on tax issues in its upcoming budget session.

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Policy

The Inside Story of How India’s Crypto Exchanges Were ‘Inspected’ by Tax Agencies

Two agencies, five months, five crypto exchanges, 100-plus officers, more than Rs 700 million in tax recovery, and yet the scale of the misdemeanor, excused by “ambiguity,” remains unknown.

India's goods and services tax (GST) was implemented in 2017. This same tax regime would later lead to five crypto exchanges paying over $11 million in back taxes and penalties. (Sanjit Das/Bloomberg via Getty Images)

Videos

Bitcoin Turns 13, Raising Capital on the Blockchain

Indian tax authorities raid crypto businesses. Bitcoin matures as it becomes a teenager. Raising capital on the blockchain. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

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Finance

Half a Dozen of India’s Crypto Exchanges Searched After Alleged Rupee 700M Tax Evasion Detected: Sources

The sources said the searches were initiated after a Mumbai tax authority recovered funds from crypto exchange WazirX.

Mumbai, India (Dhiraj Singh/Bloomberg via Getty Images)

Videos

2021: The Year of Crypto Policy and Regulations

From the U.S. infrastructure bill to multiple Capitol Hill hearings on stablecoins, from Turkey banning crypto transactions to China banning crypto mining to India dabbling with tighter regulation, 2021 was a defining regulatory year for the industry.

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Policy

India’s Central Bank Recommends Basic Version of CBDC

The bank calls the currency a “convenient alternative” to cash.

A pedestrian walks past the Reseve Bank of India (RBI) in Mumbai, India, on Monday, March. 9, 2020. A top Indian official said there's no need for the government to take immediate steps to support the economy following a crash in oil prices that has sent financial markets into a tailspin. Photographer: Dhiraj Singh/Bloomberg via Getty Images

Policy

Indian Ruling Party-Aligned Group Takes Stance on Crypto Regulation

The group is unlikely to have much influence on government policy, analysts said.

Government buildings in New Delhi.

Policy

India’s Crypto Law Might Not Be Ready Before May, Sources Say

The country’s draft cryptocurrency bill probably won’t become law until after next year’s Budget Session ends in April, adding to uncertainty about the state of crypto regulation in the nation.

India's flag.

Videos

GlobalBlock CEO: ‘$500K Bitcoin in 5 Years’

GlobalBlock CEO Rufus Round discusses his bullish outlook for bitcoin as he maintains the cryptocurrency could blast beyond $500,000 per coin in the next five years and $75,000 per coin before 2022.

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