India Grants Crypto Holders Reprieve Ahead of Likely Ban: Report
The window of opportunity for investors to cash out to fiat is expected to be between three-to-six months.
Related News
Crypto exchange Kucoin recently published a report that provided insight into the cryptocurrency space in India. This survey conducted published information about the new developments in India’s blockchain space According to the Cryptoverse Report India, the number of investors in the country was in the range of 115 Million as of June 2022. The basis […]
The CBDC report published by India’s central bank may not be good news for the Indian cryptocurrency market. Crypto was such a hit in India in 2021 that it made the country the fastest growing market for the asset class, surpassing the MENA region and even Europe. At one point, the country’s market jumped by […]
India is reportedly working on a new way to regulate cryptocurrencies. “The government is planning to define cryptocurrencies in the new draft bill that also proposes to compartmentalise virtual currencies on the basis of their use cases,” according to a report. How India Will Regulate Cryptocurrencies India is reportedly planning to regulate cryptocurrencies as commodities based on use cases. “The government is planning to define cryptocurrencies in the new draft bill that also proposes to compartmentalise virtual currencies on the basis of their use cases,”....
Almost four in five Singaporean crypto holders own Ether, followed by Bitcoin, Cardano and Binance Coin. Being a crypto-friendly country has paid off in terms of adoption, as a new study about Singapore revealed. “The State of Crypto in Singapore Report 2021,” conducted by crypto exchange Gemini in partnership with CoinMarketCap and Seedly, found that more than two-thirds of Singaporeans who have financial investments currently hold crypto.The report, which sampled 4,348 Singapore-based adults who self-identify as having or being interested in personal finance and investment products,....
New details have emerged suggesting that the Indian government will go ahead with banning cryptocurrency, in contrast to what the crypto community believes. In her latest interview regarding cryptocurrency legislation, India’s finance minister said that there will be a window for experimentation for cryptocurrency, blockchain, and fintech. Reports of India Banning Cryptocurrency The Indian crypto community is closely watching whether the government will ban cryptocurrencies, including bitcoin. A cabinet note regarding cryptocurrency legislation is being finalized and will soon be....