India Confirms ‘It’s Not Illegal to Buy or Sell Crypto’ — Government Will Con...
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....
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India’s minister of state for external affairs says that cryptocurrencies must be blocked if they are used for illegal purposes, such as “to launch cyber-attacks in India, to launch other attacks on India, to do other kinds of illegal and unethical work like drug trafficking.” Meanwhile, the Indian government is reportedly making changes to the crypto bill that is listed to be taken up in the current session of parliament.
Indian Minister of State for External Affairs on Cryptocurrency and Crypto Regulation
Indian Minister of State for External Affairs....
It is illegal to buy or sell cryptocurrency in Iran, the head of the country’s monetary authority has recently reminded citizens and businesses. The governor noted, however, that mining cryptocurrencies and using them in payments for imports is not against the law in the Islamic Republic.
Top Banker Confirms Crypto Trading Still Illegal in Iran
The purchase and sale of cryptocurrencies or using the digital assets for investment purposes is prohibited, the governor of the Central Bank of Iran (CBI), Ali Salehabadi, has recently told local media. At the same time,....
The Reserve Bank of India will be working along with the government to address concerns voiced by the country's intelligence agencies regarding potential misuse of Bitcoin and other virtual currencies. Bitcoin in India has been at the receiving end of a mixed response. The country’s central bank — Reserve Bank of India has grown to like the digital currency, whereas the intelligence agencies in the country are becoming more and more concerned about its potential illegal uses. The Bitcoin community in the country is rejoicing, following some of the latest developments in the sector. As more....
India’s finance minister has revealed the current status of crypto policy in India, including whether crypto will be legalized or banned in the country. The question surrounding the legitimacy of cryptocurrency was raised in parliament after the government announced that income from crypto transactions will be taxed at 30%. Finance Minister Reveals Status of Crypto Policy in India India’s finance minister, Nirmala Sitharaman, clarified on Friday that the government has not made a decision on whether to legalize or ban cryptocurrency. During her Budget speech last week, the....
Following a December raid in Ahmedabad, India on Mahim Gupta's property due to his project Buysellbitco.in, along with a firm warning from the Reserve Bank of India, exchanges and other bitcoin services in the country have been on-edge about associating themselves with the digital currency. But it seems like things may be changing. Bitcoin buy-and-sell house Unocoin will be resuming the business on the 8th of January (Wednesday). As of today, users will be able to log in and view their wallets. It's all thanks to the Bitcoin Alliance of India, and specifically lawyer Nishith Desai - who....