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Bill on cryptocurrency awaiting Cabinet approval: FM Sitharaman

An inter-ministerial panel on cryptocurrency has recommended that all private cryptocurrencies, except any virtual currencies issued by state, will be prohibited in India ....

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India's Central Bank Lifts Ban on Cryptocurrency Trading After Lenders Turn Away Crypto Investors

The global market capitalization of cryptocurrencies is estimated to currently be some $1 trillion. In India, over 10 million people are said to be involved in the. ....

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Cryptocurrency in India: What's the govt's stand, legal status, its future

Cryptocurrency in India: What s the govt s stand, legal status, its future
Around 7 million Indians have already pumped in over $1 billion into cryptos and the government has the tough task to allow fintech space to flourish in India while making sure it s done without safety concerns
BusinessToday.In | May 20, 2021 | Updated 16:51 IST
As a first step towards regulating cryptos in India, the Centre has made it mandatory for companies to disclose crypto trading/investments
Recent developments in the crypto world, including Bitcoin freefall from $65,000 in April to below the $40,000 mark after Elon Musk s statements, have brought back focus on laws around the governance of cryptocurrencies in India. Around 7 million Indians have already pumped in over $1 billion into cryptos and the government has the tough task to allow fintech space to flourish in India while making sure it s done without safety concerns. Let s understand the central government s stand on cryptocu ....

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China bars financial, payment institutions from using cryptocurrency

China bars financial, payment institutions from using cryptocurrency
China has banned financial institutions and payment companies from providing services related to cryptocurrency transactions, and warned investors against speculative crypto trading
Reuters | May 19, 2021 | Updated 10:30 IST
China has banned financial institutions and payment companies from providing services related to cryptocurrency transactions, and warned investors against speculative crypto trading.
It was China s latest attempt to clamp down on what was a burgeoning digital trading market. Under the ban, such institutions, including banks and online payments channels, must not offer clients any service involving cryptocurrency, such as registration, trading, clearing and settlement, three industry bodies said in a joint statement on Tuesday. ....

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Centre likely to offer an exit window to holders of cryptocurrencies

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