Justin Sun reignites HTX feud, India reconsiders crypto hate: Asia Express
Justin Sun reignites feud with HTX co-founder, India rethinks crypto stance, Thailand cuts off power to Myanmar’s pig butchers. Asia Express. Source link
India takes cue from US, re-examines crypto regulations
India is reevaluating its cryptocurrency stance in response to changing global attitudes. Economic Affairs Secretary Ajay Seth told Reuters that India’s review considers the changing positions of multiple jurisdictions regarding cryptocurrency usage and acceptance. This reassessment has delayed the release of a cryptocurrency discussion paper originally scheduled for September 2024. “More than one or two […]
India may change crypto policy due to international adoption: report
The Indian government has a reputation for being harsh on crypto, but a regulatory sea change in the United States may cause a pivot. Source link
Crypto to ‘Banana Singularity,’ Bybit halts India services, and more: Hodler’s Digest, Jan. 5 – 11
Real Vision co-founder and CEO Raoul Pal says crypto is heading for ‘Banana Singularity,’ Russia seizes $10M in Bitcoin, and more: Hodler’s Source link
Bybit to temporarily suspend services in India
Bybit will temporarily restrict its services for Indian users starting Jan. 12. This pause comes as the platform completes its registration as a Virtual Digital Asset Service Provider with India’s Financial Intelligence Unit, according to a company announcement. During this period, Indian users will be unable to open new crypto or fiat trades, access trading […]
India is working with Google and Facebook to tackle crypto pig butchering scams
India is working with tech giants Google and Facebook to combat a surge in pig butchering scams, which often involve cryptocurrencies being used both as a hook to lure victims and a tool to launder the stolen funds. According to the 2024 annual report from the Indian Union Home Ministry, pig butchering scams or investment […]
Income tax raids in India reveal connection between Hawala and crypto, $2m confiscated
Hawala networks and crypto transactions have emerged as part of a complex money laundering plot that the income tax authorities in Jaipur have uncovered. Source link
India risks losing $2b in tax revenue as crypto traders shift to offshore platforms: report
India could lose over $2 billion in tax revenue from cryptocurrency transactions over the next five years due to its tax policies driving traders to offshore platforms, according to a recent report. The December report from Indian technology think tank Esya Centre reveals that the government has already missed out on collecting over INR 6,000 […]
Binance, WazirX among crypto firms evading taxes in India, says gov’t
India has recovered $14 million in goods and services tax from crypto firms like WazirX, but Binance has yet to pay its $85 million tax evasion liabilities, the minister said. Source link
