Blockchain & crypto news from India
According to a statement given by Minister of State for Finance Pankaj Chaudhary in Indian parliament, 12 crypto exchanges in India were involved in GST evasion amounting to Rs 87.60 crore. He reported a recovery of Rs 110.97 with interest and penalties. Another piece of information was about attachments and seizures from crypto crime proceeds…
The year 2022 has been a roller-coaster ride for crypto investors and holders in India. The beginning of the new financial year in April brought into place two slabs of taxation that have reportedly brought down trading transactions. Binance’s CZ recently described the overall crypto environment as not a “very crypto-friendly environment” at a conference…
The fallout of FTX debacle has sent out red alerts in the crypto trading world, and the stress now is on holding one’s own digital assets in wallets rather than keeping them on exchanges. Trading exchanges have gone a knee-jerk reaction, revealing their owned assets in what are called proof of reserves. Holding one’s crypto…
The Bellatrix Upgrade is reported to be scheduled for today, September 6, 2022. According to a Cointelegraph report, 74% of Ethereum nodes – servers that validate and find new blocks – are ready for the merge. “The era of a more sustainable, eco-friendly Ethereum” is how the Ethereum organization describes the upcoming great event when…
In a letter, the Blockchain and Crypto Assets Council has requested a meeting with the inter-bank retail settlements and payments body to understand and discuss the issues around the cryptocurrency trade. BACC has also asked NPCI that many of the cryptocurrency exchanges strictly adhere to NPCI protocols and KYC and asked it to restore the…