RBI’s Power Over Crypto Challenged at Length in Indian Supreme Court Today

RBI’s Power Over Crypto Challenged at Length in Supreme Court TodayThe Indian supreme court resumed hearing the writ petitions against the banking restriction by the central bank, the Reserve Bank of India (RBI), on Wednesday. Many issues were discussed, ranging from the legality of the RBI action to the classification of crypto assets and how each country regulates them. Also read: India to Introduce Crypto […]

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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 […]

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Indian Supreme Court Heard Crypto Case in Depth Today

Indian Supreme Court Heard Crypto Case in Depth TodayThe Indian supreme court finally heard the crypto case today after postponing it several times. The court addressed the government’s crypto policy as well as the writ petitions challenging the banking restriction by the central bank. The latter was heard in some detail while the former was further delayed at the request of the government. […]

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Indian Tax Authority Sends Probing Questions to Crypto Owners – Experts Weigh In

Indian Tax Authority Sends Probing Questions to Crypto Owners - Experts Weigh InAs the Indian government deliberates on the country’s crypto policy, the tax authority continues to send out letters with lengthy, probing questions to crypto owners. News.Bitcoin.com talked to industry experts to find out the implications of these letters, what people can do when receiving them, and how crypto assets are taxed in India. Also read: […]

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Indian Government Updates Parliament on Crypto Plans

Indian Government Updates Parliament on Crypto PlansThe Indian parliament has repeatedly asked the finance minister about the government’s plans for cryptocurrency. In July alone, the Ministry of Finance answered three sets of questions: two in Rajya Sabha, the upper house, and one in Lok Sabha, the lower house of the parliament. Also read: Indian Finance Minister Addresses Crypto Proposal – Industry […]

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Indian Finance Minister Addresses Crypto Proposal – Industry Responds

Indian Finance Minister Addresses Crypto Proposal - Industry RespondsIndia’s finance minister has broken silence and talked about the crypto draft bill and report her department is examining which propose to ban cryptocurrencies. While she views the report as “very futuristic and well-thought-out,” the crypto industry sees it as flawed and incomplete. Also read: Calls Intensify for Indian Government to Regulate Cryptocurrency Finance Minister […]

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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 […]

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Indian Supreme Court Sets New Date to Hear Crypto Case

Indian Supreme Court Sets New Date to Hear Crypto CaseThe Indian supreme court has set a new date to hear the crypto case that was originally scheduled to be heard on July 23. The court is expected to address the writ petitions against the RBI banking restriction as well as the government’s report and the recently released draft crypto bill. Also read: Indian Government […]

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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 […]

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Modi Discussed Crypto Standards at G20 Summit – A Look at How They Apply to India

Modi Discussed Crypto Standards at G20 Summit – A Look at How They Apply to IndiaIndia’s Prime Minister Narendra Modi participated in discussions on crypto assets at the G20 leaders’ summit in Osaka, Japan. At the conclusion of the summit, the leaders of the G20 countries jointly declared their commitment to applying the crypto standards set by the Financial Action Task Force. India’s new finance minister, Nirmala Sitharaman, also joined […]

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