RBI Defends Its Power Over Crypto in Indian Supreme Court

RBI Defends Its Power Over Crypto in Indian Supreme CourtThe Indian supreme court heard the case against the crypto banking restriction by the Reserve Bank of India (RBI) in detail Tuesday. After many arguments challenging the RBI’s power over crypto were presented, the counsel for the central bank began making the case against cryptocurrency. Also read: RBI’s Power Over Crypto Challenged at Length in […]

The post RBI Defends Its Power Over Crypto in Indian Supreme Court appeared first on Bitcoin News.

India Plans to Introduce Crypto Bill Next Parliament Session – A Look at Community Responses

India to Introduce Crypto Bill Next Parliament Session - A Look at Community ResponsesThe Indian government has submitted a draft crypto bill to the supreme court and expressed its intention to introduce the bill in the next parliament session. The court subsequently set a new date to hear the case relating to crypto regulation. Meanwhile, the Indian crypto community has ramped up efforts to influence the government’s final […]

The post India Plans to Introduce Crypto Bill Next Parliament Session – A Look at Community Responses appeared first on Bitcoin News.

Calls Intensify for Indian Government to Regulate Cryptocurrency

Calls Intensify for Indian Government to Regulate CryptocurrencySince the Indian government unveiled a draft bill to ban cryptocurrency, the crypto community has ramped up its efforts to influence the government’s final decision. The community has plans to reach out to parliament members to show them how flawed the crypto recommendations the government is examining are. Also read: G20 Leaders Issue Declaration on […]

The post Calls Intensify for Indian Government to Regulate Cryptocurrency appeared first on Bitcoin News.

Indian Government Official Resigns After Drafting ‘Flawed’ Crypto Bill

Indian Government Official Resigns After Drafting 'Flawed' Crypto BillThe Indian government official who headed the committee which drafted the bill to ban cryptocurrencies has resigned after releasing the report and draft bill which the crypto community calls “flawed.” Meanwhile, the government has confirmed that cryptocurrency is currently not prohibited in the country and the recommendations are being examined by relevant authorities. Also read: […]

The post Indian Government Official Resigns After Drafting ‘Flawed’ Crypto Bill appeared first on Bitcoin News.

Indian Government Breaks Silence on Crypto Regulation

The Indian government has finally spoken up about the regulatory framework for cryptocurrency it has been deliberating, providing answers to questions presented in the upper house of the Parliament of India. The government also confirmed that the report with the recommended crypto regulation has already been submitted by the interministerial committee tasked with drafting the […]

The post Indian Government Breaks Silence on Crypto Regulation appeared first on Bitcoin News.

Georgia Exempts Bitcoin From VAT to Become the Next Country to Affirm Its Currency Status

Georgia Exempts Bitcoin From VAT to Become the Next Country Affirming Its Currency StatusCryptocurrency taxation is a subject that concerns a growing number of users, traders and investors. An area that creates a lot of confusion among taxpayers is the application of VAT, or the value-added tax most countries levy on the sales of goods and services. Georgia has become the latest nation to free crypto-fiat transactions from […]

The post Georgia Exempts Bitcoin From VAT to Become the Next Country to Affirm Its Currency Status appeared first on Bitcoin News.

110 Cryptocurrency Exchanges Want to Launch in Japan – A Look at Recent Changes

110 Cryptocurrency Exchanges Want to Launch in Japan - A Look at Recent ChangesFollowing G20 meetings, where Japan led several discussions regarding crypto assets, the country’s top financial regulator told news.Bitcoin.com that 110 crypto exchanges are now interested in launching in Japan. The country recently passed a new cryptocurrency bill, and some approved crypto trading platforms have undergone changes. Also read: G20 Leaders Issue Declaration on Crypto Assets […]

The post 110 Cryptocurrency Exchanges Want to Launch in Japan – A Look at Recent Changes appeared first on Bitcoin News.

Indian Government Shed Light on Proposed Crypto Regulation

Indian Government Shed Light on Proposed Crypto RegulationSince leaked information regarding India’s cryptocurrency bill emerged, there have been constant discussions about what it entails. Four different government bodies have been asked about their involvement in the drafting of the bill. South Korea went through a similar situation, causing confusion to the public. Also read: Indian Cryptocurrency Regulation Is Ready, Official Confirms RTIs […]

The post Indian Government Shed Light on Proposed Crypto Regulation appeared first on Bitcoin News.

Indian Crypto Community Petitions Government for Regulation

Indian Crypto Community Petitions Government for RegulationFollowing widespread reports of the upcoming Indian cryptocurrency bill, the crypto community has started a petition for the government to quickly implement a regulatory framework for cryptocurrencies. In addition, a television network operated by the Upper House of the Indian Parliament has aired a program discussing the bill, and three Right to Information requests have […]

The post Indian Crypto Community Petitions Government for Regulation appeared first on Bitcoin News.

Leaked Details of India’s Supposed New Cryptocurrency Bill Analyzed

Leaked Details of India’s Supposed New Cryptocurrency Bill AnalyzedExcerpts from what could be India’s new cryptocurrency bill have been leaked. While local media have made outrageous claims about the details of the bill, industry experts have pointed out numerous flaws and inaccuracies. Meanwhile, the country’s finance secretary has confirmed that the crypto regulation is ready to be submitted to the finance minister for […]

The post Leaked Details of India’s Supposed New Cryptocurrency Bill Analyzed appeared first on Bitcoin News.