Crypto Exchange Seeks India’s Approval As Users Hit Roadblock
The Indian crypto market, once a land of opportunity, is experiencing a regulatory frost. With authorities tightening their grip, major crypto exchanges are scrambling to stay afloat, facing restricted services, hefty fines, and even exits. Related Reading: American Entrepreneur Anthony Pompliano Advises Investors To Use Bitcoin Dips For Buying Failing The KYC Test Global giant […]
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India’s new crypto tax policy is based on its gambling and lottery ticket win tax rules, that is set to come into effect from April 1. The Indian Finance Bill 2022 with new 30% crypto tax rules was approved by the Rajya Sabha, the upper house of the Indian parliament, to make it a law today that will come into effect starting on April 1.The approval of the bill by the upper house of the parliament comes within a week of the lower house (Lok Sabha) approval.The Finance Bill was introduced during the budget session 2022-23 of the parliament in January. The Finance Bill amended tax rules to....
Aimed to appeal to crypto newcomers, CoinDCX Go allows users to trade smaller denominations of 14 of the industry's top assets.
India’s leading Bitcoin exchange, Coinsecure, has announced its partnership with Netki with the purpose of allowing its Bitcoin wallet users to create their own wallet names. The aim is to make the wallets easier to use and more reliable. Growing prominence in India. Many users have difficulty memorizing the address of their wallet. This problem is faced by many exchanges as, for mass adoption of Bitcoin by casual users who don’t have knowledge of cryptography to occur, there must be a simpler way of presenting the long list of numbers that is a wallet address. CoinTelegraph reached out to....
Indian exchange Coinsecure has announced the release of India’s first simultaneous mobile trading app. It’s a bid to tap into the country’s almost 2 million smartphone users. Coinsecure: Mobile ‘Next Step’ In Indian Bitcoin Transition. The app, hot on the heels of rival exchange Unocoin’s offering in August, seeks to woo more experienced traders. It....
Binance has received in-principle approval from the Central Bank of Bahrain to operate a cryptocurrency service provider in the country. The license is part of Binance’s “plans to become a fully-regulated centralized cryptocurrency exchange,” the crypto exchange detailed.
Binance Receives In-Principle Approval in Bahrain
Crypto exchange Binance announced Monday that it has “received in-principle approval from the Central Bank of Bahrain (CBB) to establish itself as a crypto-asset service provider in the Kingdom of Bahrain.” The company....