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In the absence of a legal regime for crypto, cases involving them are dealt with laws related to foreign exchange, money laundering, terror financing, etc.

The Supreme Court of India on Friday sought clarity from the central government on the legal status of Bitcoin in the country. Earlier this month, the finance minister had declared a 30% tax on crypto gains in the annual financial budget. However, finance minister Nirmala Sitharaman clarified that taxing cryptocurrencies does not give them legal […]

Rummy is an exciting card game that has been widely played. This common card game has almost become an indispensable part of Indian culture. This exciting card game can be a pure joy to play with your near and dear ones. Alas! We do not get such provisions nowadays because of the outbreak of the […]

The post 6 Annoying Questions That Rummy Players Often Get Asked appeared first on Fintech News.

Foreign cryptocurrency exchanges and bitcoin (BTC) trading venues in India may soon be required to start paying 18 percent goods and services tax (GST), according to an Economic Times report on July 2, 2021. India’s Crypto Future Looks Grim  Despite the fact that the supreme court of India has since overturned the bank’s ban on bitcoinRead More

Indians continue to remain unfazed by the repeated threats of a blanket ban on crypto-assets. Indians Pour Billions Into Crypto Typically a country with a huge fascination toward gold, India is slowly but steadily starting to drip its feet in the volatile crypto waters as according to a report by Yahoo! Finance, investments in cryptoRead More

India's Directorate of Enforcement (ED), a law enforcement agency responsible for fighting financial crime, has issued a show cause notice to WazirX.

The post Indian law enforcement agency alleges crypto exchange WazirX violated FEMA rules appeared first on The Block.

After issuing a circular on Monday about cryptocurrencies, the Reserve Bank of India [RBI] has now clarified that it still retains concerns about the asset class, concerns which it has conveyed to the

The post Hold your horses! India's central bank is still not a fan of crypto appeared first on AMBCrypto.

The Reserve Bank of India reiterated its concerns over cryptocurrencies, clarifying its stance on digital assets just days after the regulator told banks to set aside a 2018 ban on trading. “There is no change in RBI’s position,” RBI Governor Shaktikanta Das told reporters at an online press conference after the monetary policy statement. “We […]

Read full post RBI Governor says the central bank has major concerns around cryptocurrency. on Chaintimes.com.

HDFC Bank in India today sent out an email to its customers whom it has warned against crypto transactions, to ignore its early warnings. The HDFC bank was among several others that have warned its customers to refrain from any crypto transactions citing a Supreme Court quashed circular from 2018. The bank in its latest

The post Crypto India: HDFC Withdraws its Early Warning Against Crypto Transactions appeared first on Coingape.

India’s central bank clears ambiguity over crypto regulations in the country. Banks Can’t Advise Against Trading in Crypto In a tweet posted today, the Reserve Bank of India (RBI) cleared clouds of confusion regarding the regulatory nature of cryptocurrencies in India. Customer Due Diligence for transactions in Virtual Currencies (VC)https://t.co/iAUAx8KpRh — ReserveBankOfIndia (@RBI) May 31,Read More

The Reserve Bank of India has clarified that banks can't caution their customers against dealing in crypto, citing an old 2018 circular.

The post India’s central bank gives clarity to banks dealing with crypto customers appeared first on The Block.