The Indian government said that it does not treat cryptocurrencies as illegal, clarifying that its transactions remain in a grey area.

The Indian government has announced the upcoming launch of the country’s central bank digital currency. The digital rupee will be issued by the Reserve Bank of India (RBI) in the financial year 2022-23, Indian Finance Minister Nirmala Sitharaman said during her budget speech. RBI’s Digital Currency, the Digital Rupee, Coming Soon India’s finance […]

El Salvador has rejected the recommendation by the International Monetary Fund (IMF) to drop bitcoin as legal tender. The country’s finance minister reportedly “angrily” said, “No international organization is going to make us do anything, anything at all.” El Salvador Says No to IMF on Bitcoin The government of El Salvador has rejected […]

After months of all kinds of rumors, a little bit of clarity is finally coming out of India regarding cryptocurrency regulation. The Indian government has announced a plan to tax income from cryptocurrency and non-fungible token (NFT) transactions by 30%. The country’s finance minister Nirmala Sitharaman also proposed a 1% tax deduction on payments related […]

The post India Introduces 30% Tax On All Crypto Income appeared first on Coin Bureau.

India will impose a tax of 30% on income from cryptocurrencies and other digital assets, finance minister Nirmala Sitharaman said while presenting the Union budget today. The finance minister also revealed that the country’s central bank will issue a national digital currency in the upcoming year. Industry estimates suggest 15 million to 20 million crypto […]

Presenting the Union Budget 2022-23, Finance Minister Nirmala Sitharaman said that the Reserve Bank of India (RBI) would introduce the digital rupee in 2022. “RBI to issue digital rupee using blockchain technology In FY22-23,” the finance minister said in the parliament. Sitharaman noted, “Digital currency will also lead to a more efficient and cheaper currency […]

The recently elected government of Bulgaria has found itself in the position of answering questions about the fate of billions of dollars’ worth of cryptocurrency reportedly confiscated by the country’s law enforcement five years ago. Meanwhile, the new finance minister has revealed that authorities in Sofia are now exploring options to implement a crypto payment…

The post Ministries Queried About Missing 200,000 Bitcoins as Bulgaria Explores Crypto Payments appeared first on Bitcoin News Miner.

Joining hands with the United States and Europe is fundamental when meeting technical issues needed in the issuance of a central bank digital currency (CBDC). (Read More)

One of the world’s fastest-growing crypto hubs has been in regulatory limbo for quite some time now, but many are hoping this will change in a week’s time. On February 1, India’s Finance Minister Nirmala Sitharaman will present the country’s budget, and some are hopeful that she’ll talk about digital asset regulations.   Crypto regulations […]

Japan must cooperate with Europe and the United States in creating a global standard on the technical aspects of issuing a central bank digital currency (CBDC), the chief of Japan’s central bank said on Friday. Several central banks across the world are actively working on their national digital currencies.    Bank of Japan is yet […]

It looks as though Facebook’s Diem is coming to an end before it even launched.

The post Is this the end of Facebook’s Diem? appeared first on CryptoSlate.

While the crypto-industry in India is hopeful about regulatory clarity when Budget 2022 comes around, local media reports say it is unlikely that the bill will be introduced on 1 February. AMBCrypto spoke to CREBACO’s Sidharth Sogani to understand where the bill is at right now. According to the exec, the bill is unlikely to make it […]