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Read more about Cryptocurrency Bill may not be tabled in the current Parliament session on Business Standard. The Crypto Bill seeks to ban private cryptocurrencies and allow only the ones required to promote blockchain technology with ties to the Reserve Bank of India.
MUMBAI: The government’s plan to ban private cryptocurrencies has thrown crypto backers in India into a fight for their survival and their major tool in this battle is to convince the government that cryptocurrencies are not what they are made out to be. Experts and commentators at the ETMarkets Conclave today pleaded with the government to see the positive side of technological innovation and said that they will welcome any regulations instead of a blanket ban. “There are enough positive use-cases of cryptocurrencies for India to adopt it rather than ban it,” said Nischal Shetty, found...
SEBI tells promoters to square crypto-currency investment before IPO February 22, 2021 The Securities and Exchange Board of India (SEBI) has informally told companies, bankers and securities lawyers currently preparing for their initial public offerings (IPOs) to ensure that promoters of entities sell any cryptocurrency holdings they may have prior to listing their companies on stock exchanges, the Economic Times reported. Over three weeks ago, the government announced that it would introduce The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, which will ban “private...
Are cryptocurrencies the future of money or just fringe players? The government should take notice and hold discussions with the crypto industry of India before moving ahead with regulations for this sector Nischal Shetty | February 20, 2021 | Updated 23:47 IST Before passing any ban in haste, the government should also take a cue from developed countries which are trying to regulate crypto assets The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 is among the list of bills to be presented in this Parliament session. While its contents are unknown, it touches upon two ...
The government will levy Income Tax and Goods and Services Tax on commissions and trading gains made from trading Bitcoins and other crypto-currencies,