Tag: bitcoin news india

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Indian Crypto Exchanges Rallying for Restoration of UPI Payments for Money Transfers

Indian Crypto exchanges have petitioned the National Payments Corporation of India (NPCI) to restore UPI services for crypto participants as part of the Blockchain...

Reserve Bank of India says CBDCs will kill cryptos and VDAs, while the crypto industry disagrees

According to T Rabi Sankar, Deputy Governor of the Reserve Bank of India (RBI), central bank digital currencies (CBDCs) could 'kill' so-called private cryptocurrencies or...

CoinSwitch launches its first rupee-denominated crypto index

CoinSwitch, one of India's largest crypto exchanges, has established the country's first Rupee-denominated crypto index. As per Ashish Singhal, co-founder of CoinSwitch, the CRE8 index would...

India leads the globe in the adoption of PLAY-TO-EARN gaming

The Play-to-earn (P2E) concept of blockchain has exploded in recent times. Among the many applications of blockchain tech, P2E is one of the most...

India’s CoinSwitch appeals for regulatory peace and predictability

To overcome regulatory ambiguity, safeguard investors, and develop India's crypto business, CoinSwitch CEO Ashish Singhal stated that the country needs to adopt rules on cryptocurrency. Although India's...

Indian government planning “reverse charge” GST on crypto investments done on foreign platforms

A reverse charge is a tax owed by the recipient of goods or services rather than the supplier. The burden of goods and services taxation (GST) will...

Celebrities should stop endorsing cryptocurrency, says SEBI

SEBI has also approached the government about expanding its influence on social media platforms. The Ministry of Consumer Affairs will likely issue updated crypto...

RBI warns of possible dollarization of Indian economy through crypto

RBI officials have raised the alarm once more over the adoption of cryptocurrencies, claiming that this will lead to the "dollarization" of India's economy. Economic...