The government of India has issued a notification under the PMLA, regulating virtual digital asset activities for businesses to prevent money laundering.
India
Mohith Agadi
G20 Nations Welcome Robust Regulation of Crypto Assets and Stablecoins
The G20 leaders appreciated the IMF Discussion Paper on the macro-financial implications of crypto assets and looked forward to the IMF-FSB Synthesis Paper.
G20 Culture Working Group Meeting Begins in Khajuraho
To celebrate the International Year of Millets 2023, Mr. Nek Ram, known as the Millet man, has been invited to celebrate on the first day of the meeting.
Bengaluru to Host G20 Finance Ministers and Central Bank Governors Meeting
The first G20 Finance Ministers and Central Bank Governors meeting under the G20 Indian Presidency will be held in Bengaluru, Karnataka, on the 24th and 25th of February 2023. The meeting will be jointly chaired by...
Polygon raises $450 million in a private sale led by Sequoia India
During a private sale led by Sequoia Capital, Polygon, the L2 solution aimed at solving scalability problems of Ethereum, raised $450 million from around forty Venture Capitalists. News that had an immediate effect on...
Bitcoin Prices Nosedive After the Indian Budget Speech: Here’s What You Should Know
While there were no direct implications made by government about the crypto, the media has made it a really tough situation for the investors.
Ananya Dutta
Current Accounts of Major Bitcoin Exchanges Are Suspended by Top Banks in India
The banks have initiated action against 10 Bitcoin exchanges including that of BtcxIndia, Zebpay, CoinSecure, Unocoin and others for dubious transactions.
Indian Income Tax Department Is to Send Notice to Bitcoin Traders
Virtual currencies such as Bitcoin, Ethereum, etc. are currently neither legal nor illegal in India and it is still an unregulated area.
Damodar Kalyan
Reserve Bank of India Warns Yet Again About Trading in Bitcoin
The Reserve Bank of India had said that virtual currency trading are done at one’s own risk and the central bank does not license or authorize any company to deal in these digital currencies.
Supreme Court of India asks Government to Respond to Plea Regarding Bitcoin Regulation
The Supreme Court of India has asked the government to respond to the plea that calls for regulation of Bitcoin in India. The plea also seeks response from the Income Tax department. and the ED.
