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Policymakers in India will provide a transition period if a proposed ban on cryptocurrency usage is passed as expected. According to a report by Bloomberg on Thursday, a senior Financial Ministry official – speaking under condition of anonymity – told Bloomberg cryptocurrency holders were likely to be given a three-to-six month period to close their...
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The Indian government is considering a bitcoin transaction tax that would add $1 billion in revenue a year, a move some industry participants said is a sign of the government’s growing comfort with cryptocurrencies. A proposal put forward to the Central Board of Indirect Taxes & Customs (CBIC) by the Central Economic Intelligence Bureau (CEIB)...
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Binance, the global crypto exchange, is looking to accelerate business development in India during the local 2020 bull run – with an acute focus on decentralized finance (DeFi). Ever since India’s Supreme Court overturned banking restrictions in March 2020, demand for crypto has skyrocketed.  “With the second-largest blockchain developer base in the world, India has...
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