Govt last year imposed money-laundering provisions on the crypto sector as it tightens oversight of digital assets
Companies have urged the government to treat income gained from virtual digital assets (VDAs) at par with that derived from capital assets
Finance ministry issued show cause notices to nine offshore virtual digital assets (VDA) service providers dealing with crypto assets
"They are operating illegally without complying with the PML Act provisions in India," the finance ministry stated
Major metro cities such as Delhi, Bengaluru, and Mumbai account for over one-fifth of the total value of crypto investments in the country
Experts suggest that Bitcoin may soon reach the $48,000 level if the momentum persists
The company said the leaders of each business segment will have independent operational and financial accountability
The price of bitcoin, the biggest cryptocurrency and the market's chief barometer, has more than doubled this year, reaching a 20-month high in November of $42,000 per token
The market also showed optimism as many believe the settlement of the Binance case has now cleared the decks for the US SEC to finally approve a spot bitcoin ETF
The crypto market is expected to reach $4.94 billion by 2030, and there is an estimated more than 600 crypto exchanges worldwide
A year on, the industry is irrevocably altered - while at the same time in many ways remarkably familiar
Okto said it has introduced a 2 per cent bonus for users who choose to transfer their assets from Vauld to Okto
Cryptocurrency news: In the FTX trial's verdict its founder Sam Bankman-Fried was found guilty on all seven charges of criminal fraud in the US
"According to the audited Statement of Reserves and User Liability report, the reserves total USDT 159,112,287, while the user liability stands at USDT 157,191,487," the company said
A Bitcoin ETF is expected to make buying and selling Bitcoin easier through the stock market
Rajagopal Menon, vice president at WazirX, discusses the impact of recent G20 agreements on India's evolving crypto industry and predicts a transformative year ahead
Investments in resources, technology, and personnel would be necessary to ensure compliance
Cryptocurrency news: A higher-than-expected US inflation in September also resulted in a sell-off pressure in the market
US District Judge told group of 50 prospective jurors gathered in courtroom on top floor of a federal courthouse in lower Manhattan that he would ask them questions to try to seat a 12-member panel
US Federal Reserve's this week comments suggested that the interest rates may remain high for some time to come