Blockchain & crypto news from India
On Wednesday, California, which would have the fifth-largest economy in the world if it was a nation, became the first US state to formally start monitoring how to broadly adapt to crypto and associated innovations, following a path established by President Joe Biden in March. Gov. Gavin Newsom signed an executive order for state agencies…
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…
The Russian government has accepted a system for laws regulating cryptos. A said goal of the new policy is to integrate digital tokens into Russia’s financial system while guaranteeing the rights of private investors and preventing digital assets from being used to finance crime. On Tuesday, Moscow’s official press service said in a statement that…
On Wednesday the official Xinhua news agency said that it will issue a digital media photo collection through NFTS (non-fungible tokens), a first for China and an upsurge for the blockchain technology that supports them and that Beijing has earlier criticized. Regarded as digitized ownership certificates, NFTs have earned fame across the globe this year,…
Twitter has always been the hot topic of all discussions around cryptos. It appears that the social media platform understands its importance in the crypto world, as it has now decided to operate on blockchain and crypto solutions for the platform. The announcement comes through a tweet by an engineer who has joined Twitter to…
Robinhood Markets Inc. is quietly testing a new crypto transfer feature and cryptocurrency wallet for its app. This will enable customers to receive and send virtual currencies like bitcoin. According to a report, a beta version of its iPhone app showcased the firm’s work on such features. The report added that there was also a…
Loved worldwide, Bitcoin was first introduced in January 2009. From there only cryptocurrency came into the picture and is slowly and steadily gaining popularity all over the world. Fast forward to 2021, crypto trading has become a rewarding investment alternative for individuals and also promotes the growth of the economy. But unfortunately, cryptocurrencies have failed…
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,…
On Monday, PayPal Holdings Inc. said that it will enable customers in the UK (United Kingdom) to sell, purchase and hold bitcoin and other crypto starting this week. The move which represents the first international expansion of PayPal’s cryptos services outside of the US could further stimulate mainstream adoption of the new asset class. With…
RBI, (the Reserve Bank of India) has said that it is working towards a phased implementation master plan for its digital currency and inspecting use cases where it can be utilized with minimum disturbance. Presenting a strong justification in favor of a central bank digital currency (CBDC) for India, the RBI has said that it…