Category: India Crypto Regulations

RBI warns against “immediate risks” of private cryptocurrencies

The latest update in the Indian crypto sphere saw the Reserve Bank of India (RBI) reiterate its anti-crypto stance. However, this time around RBI alerted investors against the “immediate risks” of private cryptocurrencies in particular. The Indian Central bank recently released its financial stability report which pitted against private crypto claiming it poses an immediate […]

Continue Reading

India’s Central Bank RBI proposes a complete crypto ban, will the government budge?

Although the Indian government remains accommodative in the use of digital currencies as an asset class, the RBI said that a partial ban is not enough. The Indian central bank board has highlighted some”serious concerns” stating cryptos can undermine the country’s financial stability. Indian central bank – Reserve Bank of India (RBI) – seems to […]

Continue Reading

Here’s What the Indian “Crypto Asset” Regulations May Look Like?

The Indian Finance Minister, Nirmala Sitharaman noted that to regulate a borderless body like crypto, global authorities need to come together and find common ground. During a discussion today at an event organised by Infinity Forum, about how India should regulate virtual currencies, Sitharaman highlighted that “technology has the power to sweep through borders”, henceforth, […]

Continue Reading

The Indian Finance Minister warns regulators about Crypto. Here’s what she said

Finance minister Nirmala Sitharaman argued that the government’s extra cautious nature towards crypto could be a risky choice that may curb “a futuristic thing”. She highlighted that the government is going through rigorous consultations on the issue of cryptocurrencies in India and that they are also considering the Reserve Bank of India’s POV. “This is […]

Continue Reading

Is Indian Govt. Planning to ‘Eliminate’ Use Of Crypto?

Indian government addressed the issue of crypto assets today. It emphasized the aim to eliminate the use of crypto assets in funding illegitimate activities or as part of the payment system. In a letter, replying to the Rajya Sabha, Minister of State for Finance, Pankaj Chaudhary stated that the government is investigating the blockchain system […]

Continue Reading

Coinbase Prepares for Aggressive Expansion In India Despite Regulatory Concerns

On one hand, Indian crypto exchanges continue to face the heat of regulatory uncertainty, while on the other hand, Coinbase is planning its aggressive expansion in India. On Friday, July 2, Brian Armstrong tweeted that Coinbase is setting up its office in India and ramping up its Indian team. Coinbase is building out an office […]

Continue Reading

Cryptocurrencies Will Soon Get A Legal Status In India: HDFC Report

India’s largest banking institution – HDFC Bank – has recently published a report wherein it states that it’s just a matter of time when Indian investors will have legal access to digital currencies. The banking giant recently published a report dubbed “Cryptocurrencies: Fad or Forever?”, the bank’s treasury team led by chief economist Abheek Barua […]

Continue Reading

Indian Corporates Will Now Have To Disclose Their Crypto Holdings To the Government

In the latest developments within the Indian cryptosphere, it turns out that Indian corporates might have to report their cryptocurrency holdings to the government. India’s blockchain lawyer Varun recently shared a draft image, the access to which is still missing. However, Varun states that as per the Standard Scheduled III Balance Sheet, companies reporting with […]

Continue Reading