Page 32 - Cryptocurrencies

What does the road ahead for cryptocurrencies look like in India?

India emerged as the fastest-growing crypto market in the world this year. A Bill to regulate it remained a work in progress. So, what's puzzling the government? And how was the year 2021 for cryptos?

Scammers netted cryptocurrencies worth $7.7 billion in 2021: Report

A key source of rising cryptocurrency scams in 2021 were 'rug pulls', where the developers of a new cryptocurrency vanish and take supporters' funds with them

Crypto attracts more money in 2021 than all previous years combined

That's almost quadruple the previous high of around $8 billion in 2018

Ex-US First Lady Melania Trump enters crypto market, announces NFT venture

In exchange for a cryptocurrency token, you can own a digital watercolour painting of Melania Trump's eyes.

Reserve Bank of India red-flags cryptocurrency risks in board meet

Officials say introduction of CBDCs will obviate need for private cryptos

RBI cautions banks' chiefs on risk involved in cryptocurrency trade

The central bank, on the other hand, has been vocal against crypto currencies

RBI Board discusses private cryptocurrencies, CBDC

The RBI, in a statement, said the 592nd meeting of the Central Board of Directors of Reserve Bank of India was held at Lucknow under the Chairmanship of Governor Shaktikanta Das

Will explore crypto-based smallcase post regulatory clarity: Vasanth Kamath

Our view on crypto assets (crypto coins as an asset class) is that there is a fast-growing use-case for every investor to have some exposure in their portfolios

Banning of crypto poses challenges: IMF chief economist Gita Gopinath

Gopinath's comments come at a time when the government is looking to bring a Bill on cryptocurrency regulation

Cryptos 'may figure' on RBI central board meet agenda on December 17

It is not unusual for the RBI board to deliberate on matters not listed on the agenda

Bitcoin extends gains on renewed argument it is an inflation-hedge

Bitcoin rose as much as 4.4 per cent to $50,101 in New York trading on Friday

Crypto is the 'top contender' for 'major correction', money managers say

This year saw a number of big fund managers and pensions start to dabble in crypto, while numerous big-name investors famed for their financial markets acumen have also gotten involved

Proposed India bill banning crypto payments could mean jail for violations

While no official data is available, industry estimates suggest there are some 15-20 mn crypto investors in India, with total crypto holdings of roughly Rs 45,000 cr

LIVE: Over 30 mn income tax returns for current fiscal filed, says FinMin

Live news: India's eastern coast braces for a weakened cyclone Jawad; Nirmala Sitharaman says legislation will regulate crypto.

Global effort needed to regulate tech like cryptocurrency: FM Sitharaman

India's government has listed a Bill for Parliament's winter session, seeking to ban all private cryptocurrencies.

The tech holes that ensure that crypto can never be effectively banned

It is estimated that $1.25 billion worth of cryptocurrency transactions have happened on decentralised finance platforms from India

Need collective global action for effective regulation of tech: Sitharaman

Nirmala Sitharaman on Friday called for a "collective global action" for effective regulation of ever-changing technology and tech-driven payment systems.

Indians' 'immense trust' in fintech must be respected, says PM Modi

PM calls fintech a 'revolution that helps to achieve financial empowerment of every single citizen of the country'.

Jack Dorsey's financial services firm Square changes its name to Block

Jack Dorsey''s financial services company Square has announced to change its name to Block, effective from December 10, as the former Twitter CEO renews his focus on Blockchain and crypto.

CoinDCX, India's first crypto unicorn, plans IPO 'as soon as' govt allows

Indian regulators have gone back and forth on their stance toward the burgeoning crypto industry.