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Latest Articles in cryptocurrencies

Cryptocurrencies Akin To Ponzi Schemes, Says RBI Deputy

Crypto exchanges and investors have been arguing for regulation of cryptocurrencies as an asset and the government's recent budget annoucement to tax gains from these has raised hopes that the they will not be banned.

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30% Crypto-Tax Imposed On Proceeds Of Digital Assets : Nirmala Sitharaman

Amid Union Budget 2022, Finance Minister on Tuesday announced that RBI will present a digitalised currency in the following monetary year.

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Singapore Central Bank Issues Guidelines To Discourage Crypto Trading By Public

Singapore is a popular location for cryptocurrency companies due to a comparatively clear regulatory and operating environment and is among the forerunners globally in developing a formal licensing framework

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PM Modi Urges Collective Global Effort To Deal With Cryptocurrencies

The prime minister also said that it was the best time to invest in India because the country was willing to become a more trusted partner in global supply chain.

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Cryptowire Rolls Out Global Index 'Cryptocurrencies IC15'

The index tracks and measures the performance of the top 15 widely traded liquid cryptocurrencies listed on leading crypto exchanges of the world, CryptoWire said in a statement.

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Pvt Cryptocurrencies Pose Immediate Risks To Customer Protection: RBI

Longer-term concerns relate to capital flow management, financial and macro-economic stability, monetary policy transmission and currency substitution

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IMF Cautions Against Cryptocurrencies, Here's Why

Cryptocurrencies are digital or virtual currencies in which encryption techniques are used to regulate the generation of their units and verify the transfer of funds, operating independently of a central bank.

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Rapid Growth And Increasing Adoption Of Crypto Assets Pose Financial Stability, Challenges: IMF

Bank deposits can be transformed to stable coins that allow instant access to a vast array of financial products from digital platforms and allow instant currency conversion

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Increasing Investments in Indian Crypto Markets necessitate Need for Regulations

The cryptocurrency market in India has been booming since the time it was first launched in India. This calls for a regulatory framework that would govern investments in this market

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RBI's Stance Remains Unchanged While India Awaits Regulations On Cryptocurrency

As the government evaluates the banes and boon of technology to come up with an effective legal framework, Nakul Batra, Associate Partner, DSK Legal stresses on the fact India needs to catch up with technology fast.

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Blockchain, Cryptocurrency Can Help Democratise Financial Services: PayPal CTO

The infrastructure we are building will not only support digital currencies, which we are already beginning to do, but the intent over time is to also support all of the central bank digital currencies as well, as a form of digital money

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Govt Should Allow Cryptocurrencies, Says Garg

The Supreme Court had asked the Centre in 2019 to frame policies for crypto, and in 2020, struck down the curbs imposed by the RBI.

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Trade In Cryptos: The New Digital Currency

Cryptocurrencies are far safer than the hard currency transactions since they use various timestamping schemes to "prove" the validity of transactions added to the blockchain ledger without the need for a trusted third party.

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Members Of Blockchain And Crypto Assets Council Of IAMAI Welcome MCA’s Move On Cryptocurrency Investment Disclosure

The move opens the door for all Indian companies to have Crypto on their balance sheets. It is a good sign that India is moving towards more acceptance and awareness amongst the mainstream markets and regulators.

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Bitcoin Pulls Back From Brink Of $50,000

Bitcoin fell as much as 5.6% to $45,914 in Asian trading hours after having posting a record peak of $49,714.66 on Sunday, while rival crypto ethereum slid more than 8%.

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