Crypto news india
Here are some recent crypto news from India:
Regulatory Updates
- Cryptocurrency ban lifted: In March 2020, the Reserve Bank of India (RBI) lifted its ban on banks from dealing with cryptocurrency exchanges, allowing them to resume transactions.
- Cryptocurrency bill introduced: In November 2021, the Indian government introduced a bill to regulate cryptocurrencies, including Bitcoin, Ethereum, and others. The bill aims to tax and regulate the industry.
- Cryptocurrency taxation: In February 2022, the Indian government announced plans to tax cryptocurrency transactions, with a 30% tax on gains made from the sale of cryptocurrencies.
Exchange News
- WazirX acquisition: In March 2020, the Indian cryptocurrency exchange WazirX was acquired by the Singapore-based cryptocurrency exchange Binance.
- CoinDCX expansion: In November 2021, the Indian cryptocurrency exchange CoinDCX announced plans to expand its services to include derivatives trading and margin trading.
- ZebPay relaunch: In February 2022, the Indian cryptocurrency exchange ZebPay relaunched its services after a year-long hiatus.
Investment and Adoption
- Government investment: In November 2021, the Indian government announced plans to invest in blockchain technology and cryptocurrencies as part of its Digital India initiative.
- Corporate adoption: In February 2022, the Indian e-commerce company Flipkart announced that it would accept cryptocurrency payments for some of its products.
- Cryptocurrency education: In March 2022, the Indian cryptocurrency exchange CoinDCX launched a cryptocurrency education platform to educate users about the risks and benefits of investing in cryptocurrencies.
Other News
- Cryptocurrency scams: In February 2022, the Indian police arrested several individuals for allegedly running a cryptocurrency scam that defrauded investors of millions of rupees.
- Cryptocurrency regulation: In March 2022, the Indian government announced plans to regulate cryptocurrencies, including the creation of a new regulatory body to oversee the industry.
- Cryptocurrency market trends: In February 2022, the Indian cryptocurrency exchange CoinDCX reported that the Indian cryptocurrency market had seen a significant increase in trading volumes and user adoption.
These are just a few examples of the many crypto news stories from India. If you're interested in staying up-to-date with the latest news and developments in the Indian cryptocurrency market, I recommend following reputable sources such as CoinDesk, Coindance, and CryptoSlate.