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India
India Edges Toward Crypto Legalization With 30% Tax, Announces Digital Rupee
Finance Minister Nirmala Sitharaman noted the moves during the country's annual budget speech to Parliament.
Buterin to Use Returned $100M From SHIB Donation for COVID Projects Worldwide
CryptoRelief, the Indian COVID-19 fund that received the original donation, is returning the sum, which Buterin will use for “higher-risk higher-reward” projects.
India’s Crypto Industry Has Great Expectations From New Budget
India’s cryptocurrency ecosystem is eagerly hoping for a hint of regulation from the government come Feb. 1, 2022. India’s Finance Minister Nirmala Sitharaman is set to present the nation’s budget, which is considered the most important financial day of the year for the world’s largest democracy.
India's Crypto Industry Awaits New Budget
The challenge of regulating cryptocurrencies may mean the industry won't even be mentioned in the budget speech on Feb. 1.
Indian Prime Minister Calls for Global Cooperation on Cryptocurrency
Narendra Modi likened crypto to supply-chain disruptions, inflation and climate change, saying they can't be tackled by nations in isolation.
Indian TikTok Rival Chingari Raises $15M Round Led by Republic Capital: Report
Following a ban on TikTok in India, Chingari grew rapidly and now has over 35 million active users.
Indian Gaming Firm nCore Games Raises $10M for Web 3 Offerings: Report
The funding round was led by Animoca Brands and Galaxy Interactive and including participation from Polygon.
India’s Central Bank Creates Fintech Department That Will Address CBDC
The bank is working on a digital currency, and parliament is set to consider crypto regulations.
Industry Body for Indian Startups Seeks Crypto Rules
The group wants Parliament to provide more clarity on tax issues in its upcoming budget session.
The Inside Story of How India’s Crypto Exchanges Were ‘Inspected’ by Tax Agencies
Two agencies, five months, five crypto exchanges, 100-plus officers, more than Rs 700 million in tax recovery, and yet the scale of the misdemeanor, excused by “ambiguity,” remains unknown.
