All by tag: India

The local regulator is investigating money laundering at a number of non-banking financial institutions and fintech companies

According to the Federal Enforcement Directorate, the amount of assets frozen was $8.16 million

Digital documents were issued by the LegitDoc document authentication platform

Local economic intelligence has recorded that the company allowed foreign users to convert cryptocurrencies on its platform

According to Nirmala Sitharaman, the central bank is concerned about the “destabilizing effect of cryptocurrencies on the monetary and fiscal stability”

The reduction in the figure is due to a stricter tax policy, with a new law requiring a 30% payment on profits from transactions

By March 2022, the audience of digital asset trading platforms has grown from 17 million to 90 million people

The head of the exchange Brian Armstrong said that there are individuals in the government who “do not seem to be as positive on” cryptocurrencies

Changpeng Zhao believes that India will play an important role in the development of cryptocurrencies

The National Payment Corporation of India stated that they are not aware of any crypto exchanges using the Unified Payment Interface (UPI)

The company plans to work on developing and expanding the crypto and web3 community

This was influenced by an increase in the tax rate on transactions with digital assets to 30%