Page 23 - Cryptocurrencies

India needs to have progressive regulation for crypto assets: Experts

Blockchain technology is needed and can be used in governance, they say

Govt's cryptocurrency stance: Heads I win, tails investors lose

The government has laid out clear rules on taxation of cryptocurrencies but has not said anything on what happens in cases of fraud

Crypto markets rebound but assets future in India uncertain: Experts

From April 1, a 30 per cent tax was applied on income from the sale of cryptocurrency. From July 1, an additional 1 per cent tax was applied in the form of tax deducted at source (TDS)

Bitcoin rallies to trade above $22,000; Ether, Avalanche advance

June's crypto wipeout has given way to a sharp rebound, with Ether up 47% this month and Polygon more than doubling

Dutch central bank fines Binance for offering services without permissions

The fine was issued against Binance Holdings Ltd. in April 2022, following a public warning issued against Binance in August 2021, DNB said

Crypto m-cap tops $1 trillion; Bitcoin breaches $22,000-mark after a month

Bitcoin, the largest cryptocurrency by market cap, regained the $22,000 level and was trading at $22,241.17, over 4 per cent higher than the last close

Global cooperation needed to regulate crypto: Sitharaman tells Parliament

RBI has called cryptocurrencies a 'real danger', listing their risk in its annual report

Group representing Indian crypto exchanges to be dismantled: Report

The Internet and Mobile Association of India (IAMAI) is dismantling BACC after disagreement and allegations that crypto exchanges were not following an internal code of conduct

India's crypto exchanges flouted KYC, money laundering norms: ED

The latest findings by the federal agency have come to light during its ongoing probe into forex violation by at least 11 crypto exchanges

G20 watchdog FSB to propose first global crypto rules in October

Recent turmoil in crypto markets has highlighted their volatility, structural vulnerabilities and increasing links to the wider financial system, the FSB said

CoinSwitch appoints former Myntra VP as head of crypto engineering

Sudheer Tumuluru joins CoinSwitch from Myntra where he was VP-engineering. With two decades of experience, he has built cloud, Big data and infrastructure platforms at tech firms in India and US

We ensure that crypto transactions are in the KYC framework: CoinSwitch CEO

Crypto will pave the way for Web 3.0, a new internet that is open and shared, says CoinSwitch CEO Ashish Singhal

Indian cryptocurrency exchange Vauld suspends withdrawals, trading

Company says it's looking for new potential investors as it considers the option of restructuring

Americans lost $185 mn to crypto romance scams in just 3 months: Report

These accounted for losses of $133 million in Q1 2022. These involve the fraudster impersonating someone in authority and then gaining the victim's credentials

Amid crypto crash, Meta says will shut down its digital wallet Novi in Sept

Meta's money-transfer service that uses the company's own cryptocurrency digital wallet 'Novi pilot' is shutting down on September 1.

Cryptocurrency rules to make Europe a global leader as prices plunge

Europe prepared to lead the world in regulating the freewheeling cryptocurrency industry at a time when prices have plunged, wiping out fortunes, fueling skepticism and sparking calls for scrutiny.

Cryptocurrencies are a 'clear danger': RBI governor Shaktikanta Das

Indian fintech industry value projected to hit $150 bn by 2025

Top headlines: Shinde next Maha CM; cryptos a clear danger, says RBI's Das

Business Standard brings you the top headlines on Thursday

Cryptocurrencies a clear danger to financial systems, says RBI Governor

Anything that derives value based on make believe, without any underlying, is just speculation under a sophisticated name, says Shaktikanta Das

Income tax rules: Here are the changes in rules from July 1, 2022

While the late fees for linking PAN-Aadhaar will shoot up, doctors and influencers will have to pay 10% TDS on the benefits they receive from sales promotions