India Takes a Hands Off Approach Towards Bitcoin
The second most populated country in the world is stepping up to the plate to consider Bitcoin and provide this digital, decentralized cryptocurrency an opportunity to flourish prior to regulating. With a population of over 1,232,530,000, India is a hotspot of potential for growth of the Bitcoin currency and community. Right on the top of the list of the....
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Even as India’s steep 30% tax on bitcoin earnings takes effect, US cryptocurrency exchange Coinbase has announced plans to expand its operations in the country. Coinbase said that it has invested $150 million in Indian technology startups focused on crypto and Web3 and aims to create additional jobs in the nation this year. India has […]
India’s finance secretary has confirmed that it is not illegal to buy or sell crypto assets in India. Regarding cryptocurrency regulation, “the government’s approach is to consult widely and also to look at what’s happening internationally,” he explained. Crypto Is Not Illegal in India, Official Confirms Following the announcement on cryptocurrency taxation by Indian Finance Minister Nirmala Sitharaman, Finance Secretary T. V. Somanathan clarified that crypto is not illegal in India. He was asked on Bloomberg Television Wednesday whether the proposed....
How easy is it to order a pizza with Bitcoin nowadays? Three authors of Cointelegraph have tried to do it in the US, UK and India, and here is what came out of it. “Ordering Pizza with Bitcoin in India is nigh impossible” - Shivdeep Dhaliwal, India. I have never purchased anything with Bitcoin in India yet. Ever. No pizza chain in my city takes Bitcoin, so my idea was to buy a voucher with Bitcoin from either ZebPay or to credit a payments app called Mobikwik through Unocoin and buy pizza through that. Alas. This was not to be. The Zebpay voucher had ran out of validity and Unocoin....
The Indian government is reportedly trying to “fast track” a modified cryptocurrency bill to be introduced in the winter session of parliament. India’s crypto legislation is expected to take a “middle path” approach to balance all stakeholders’ concerns. India Reportedly Modifying Crypto Bill to Introduce at the Start of Winter Session of Parliament India is currently working on cryptocurrency regulation. The government is now considering taking a “middle path” that balances all stakeholders’ concerns to regulate....