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India


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India's Tax Department Is Sending Notices to Crypto Investors

The chairman of India's Central Board of Direct Tax says the agency is sending notices to crypto investors that haven't declared their gains.

bitcoin and indian rupee

Markets

India's Finance Minister Strikes Stern Tone on Cryptos in Budget Speech

During his annual budget speech, Indian finance minister Arun Jaitley confirmed his position that cryptocurrencies are not legal tender.

DAVOS/SWITZERLAND, 22JAN15 - Arun Jaitley, Minister of Finance, Corporate Affairs and Information and Broadcasting of India talks during the session 'An Insight, An Idea' in the congress centre at the Annual Meeting 2015 of the World Economic Forum in Davos, January 22, 2015.

WORLD ECONOMIC FORUM/swiss-image.ch/Photo Jolanda Flubacher

Markets

Report: India's Government Sends Tax Notices to Cryptocurrency Traders

India has sent tax notices to tens of thousands of cryptocurrency owners within its borders.

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Markets

Indian Lawyer Files Petition Demanding Cryptocurrency Regulations

An Indian lawyer has filed a public interest litigation (PIL) seeking to force action on the regulation of cryptocurrencies in the country.

Calcutta high court

Markets

Indian Bitcoin Exchanges Seek Clarification Over Tax Liabilities

Indian bitcoin exchanges are raising questions over the applicability of goods and service tax (GST) to their operations.

Credit: Shutterstock

Markets

Government Think Tank to Trial Blockchain Verification in India

The National Institution for Transforming India is exploring blockchain's application in education, health and other sectors.

Indian government building

Markets

Indian Finance Ministry: Cryptocurrencies Are 'Like Ponzi Schemes'

The India government doubled down its skepticism over cryptocurrencies, calling them like "Ponzi Schemes."

India

Markets

India's Tax Department Collects User Data at Multiple Bitcoin Exchanges

The Indian Income Tax Department has visited bitcoin exchanges across the country seeking data on tax avoiding users.

Credit: Shutterstock

Markets

Bitcoin Not Legal Tender in India, Finance Minister Says

India's finance minister, Arun Jaitley, has said bitcoin is not legal tender in the country and indicated that regulations are under consideration.

Arun Jaitley, India finance minister

Markets

India's Supreme Court Prods Government on Bitcoin Regulation

The court asked India's central bank and several government agencies to respond to a petition that expressed concern about tax dodges and ransomware.

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