Blockchain & crypto news from India
The emergence of digital gold as a prominent alternative investment has the potential to profoundly transform the financial industry. Gold has a rich historical significance as a globally recognized currency and a traditional hedge against inflation. Its appeal as an investment in commodities has been enduring, often surpassing other asset classes like equities or foreign exchange, especially within…
Amidst the turmoil caused by the coronavirus crisis, gold refiners have been working tirelessly to address severe supply shortages resulting from market disruptions. Notably, there has been a noticeable uptick in interest surrounding digital tokens backed by gold. As Q1 of 2020 drew to a close, the gold market experienced an unprecedented “historic squeeze.” This surge in demand for…
Recently, Bitcoin made history by surpassing $69,200 in value, marking an all-time high for the digital currency. This was seen as a significant moment for Bitcoin enthusiasts, who have watched the cryptocurrency experience a volatile journey over the years. In addition to the Bitcoin milestone, gold also reached a new all-time high on the same…
The Centre is working on the categorization of crypto under the GST law so that tax can be imposed on the complete value of the transaction. As of now, 18% Goods and Services Tax (GST) is imposed just on services offered by the crypto exchanges and is classified as financial services. GST officers said that…
On Thursday, in his first public comments on cryptos, PM Modi cautioned that bitcoin presents a risk to younger generations as his government gets ready to introduce legislation to regulate digital currencies. The PM’s warning comes days after he had discussions on how to step ahead regarding crypto in India, with problems raised on unregulated…
India is thinking of not likely going ahead with cryptocurrency, for doing transactions or making payments. However, one can invest in cryptocurrency and held them like assets, the same way how people do investments in gold, shares and bonds. As per the reports, Indian government authorities may still not put a complete ban on crypto….
In spite of the uncertainty surrounding virtual coins, Raghuram Rajan, the ex-governor of the Reserve Bank of India (RBI) is optimistic about the scope of cryptos in the upcoming time. The well-recognized economist said cryptos have a ‘potential future’ if they’re regulated well. As per the reports, he also seemed positive about well-regulated stable coins,…