#India

On November 1, the Reserve Bank of India will launch a pilot project of national digital currency in wholesale sales. Mass retail testing will begin within a month.

Indian Reserve Bank will launch a pilot project of digital rupees

The Reserve Bank of India (RBI) published a report on national digital currencies. It says that the prototype of digital rupees will be launched “in the near future”.

ZebPay bitcoin-tour has applied for a license in Singapore

The ZebPay Indian cryptocurrency exchange has submitted an application for a license to the monetary control of Singapore. This was in an interview with Bloomberg by her CEO Avinash Shekhar.

Media: Wazir Bitcoin-Torge reduced the state by 40%

The Wazir Indian cryptocurrency exchange fired from 50 to 70 employees or about 40% of the staff. This is reported by Coindesk with reference to three informed sources.

India authorities defrosted the Assets of Bitcoin-Birzhi Wazirx

The Wazirx Indian cryptocurrency exchange gained access to its bank accounts, blocked law enforcement department (ED) of the country’s Ministry of Finance.

In India, suspects were arrested in a fraudulent scheme with cryptocurrencies

Law enforcement agencies of the state of Maharastra (India) arrested suspects in organizing a fraudulent scheme with cryptocurrencies. About this writes Coindesk.

Coinswitch announced cooperation with the Indian authorities after news about searches

Coinswitch Kuber cryptocurrency exchange collaborates with the Indian law enforcement department (ED), and previously searches at the company’s offices are not related to laundering. This was stated by the head of the platform Ashish Singhal.

Bloomberg announced searches in Bitcoin-Tinswitch

India’s law enforcement department (ED) conducted searches in five premises of the supported A16Z Crypto -tank Coinswitch Kuber as part of an investigation of violations of currency rules. This is reported by Bloomberg.

Media: India authorities froze Vauld assets of $ 46 million

The Office of the Law Enforcement of the Ministry of Finance of India blocked the cryptolending platform VAULD access to assets with an estimate of 370 crore (~ $ 46 million). This is reported by India Today.

The co -founder of WAZIRX denied the statement of the head of Binance Chanpen Zhao

Co -founder of the Indian crypto -tank WAZIRX Nichela Shetti denied a number of statements by the head of Binance Chanpen Zhao regarding the relationship of platforms.

Chanpeng Zhao denied the Binance connection with the Wazir Indian Bitcoin-Birzhi

Binance has never owned a share in Zanmai Labs, standing behind the Wazirx Indian platform. This was stated by CEO Bitcoin-Birzhi Chanpen Zhao.

The Binance of the Indian Exchange Wazirx was suspected of laundering $ 350 million

The activities of the Binance of the Cryptocurrency Exchange WAZIRX are studied by the Office of Law Enforcement (ED) of the Ministry of Finance of India. According to The Economic Times, the department considers the platform involved in violation of currency rules and laundering money in the amount of 2790 crores (more than $ 350 million).

The volume of trading on the crypto -rhizas of India fell after tightening the tax burden on traders

July 1, the trade turnover on the leading bitcoin-turbar of India decreased sharply, according to Nomics. The reason was the entry into force of 30% of income tax from cryptocurrency transactions and 1% of the collection within TDS.

The Reserve Bank of India recalled the danger of cryptocurrencies

Cryptocurrencies are a clear danger and lead to instability in the financial system. Such conclusions are contained in the report of the Reserve Bank of India (RBI).

Chingari social network announced the annual distribution of $ 12 million in native tokens

The Chingari Indian social network has launched the Gari Mining program, in which it will annually reward users in the equivalent of $ 12 million.

Coinswitch Kuber launched the first cripotoindex in rupees

The Coinswitch Kuber Indian crypto -rope announced the launch of the index nominated in rupees that monitors the dynamics of digital assets.

The reserve bank of India predicted the displacement of private cryptocurrencies CBDC

CBDC can completely displace private virtual currencies, including bitcoin. This was stated by the deputy manager of the reserve bank of India T. Raby Sankar, writes Outlook.

The Reserve Bank of India proposed a phased approach to the implementation of CBDC

The Reserve Bank of India (RBI) advocated a phased approach to the implementation of CBDC in order to maintain control over the process. About this writes News 18 with reference to the annual report of the regulator.

The head of the Indian Bitcoin-Birzhi Coinswitch called on the authorities to regulate the industry

India authorities should eliminate normative uncertainty in relation to cryptocurrencies by developing rules that will protect investors and stimulate the industry. This was announced at the Economic Forum in Davos by the head of Coinswitch Ashish Singhal.

Media: In the Central Bank of India, they were worried about the dollarization of the economy due to cryptocurrencies

Cryptocurrencies can lead to the dollarization of part of the economy, which contradicts the sovereign interests of India. This was stated by representatives of the backup bank (RBI), writes The Economic Times with reference to sources.

Media: In India, they proposed increasing tax on transactions with cryptocurrencies

In India, they intend to increase the tax burden on the cryptocurrency sector, reports CNBC-TV18 with reference to the source.

India ordered crypto -rhizas to store customer data for five years

The response group to computer emergency situations (Cert-in) released a directive affecting the work of cryptocurrency exchanges in India. The document is posted on the website of the body, but at the time of writing is available only through the web archive.

CoindCX Bitcoin Torge was estimated at $ 2.15 billion according to the results of investment

The CoindCX Indian cryptocurrency exchange attracted $ 135 million according to the round of financing of the D series when an estimate of $ 2.5 billion.

The largest Bitcoin-exchanges of India turned off deposits through UPI

Two large cryptocurrency Indian exchanges Coinswitch Kuber and Wazirx disabled the function of making deposits in rupees through the UPI payment system due to regulatory uncertainty. This is reported by Reuters.

Media: Coinbase turned off payments through UPI in India

Coinbase bitcoin-exchanger disabled support for a single payment interface (UPI) for users from India. It is reported by Economic Times.

Coinbase Bitcoin Torge entered the Indian market

The American cryptocurrency exchange Coinbase opened access to their services to users from India.

Indian authorities identified tax evaluation of 11 crypto -rhizas for $ 12.6 million

11 leading Bitcoin-turb the India, including CoindCX and Coinswitch, have evaded sales tax and should pay 95.86 crore (~ $ 12.58 million). This was announced in a letter from the Upper House of Parliament by the Minister of Finance Pankaja Chaudkhari, writes Newsroom Post.

India Parliament adopted the law on taxation with cryptocurrencies

The lower house of the India Parliament approved the “Law on Finance” with controversial amendments regarding the taxation of digital assets. New rules will enter into force on April 1, 2022.

India tightened the rules for taxation of crypto trading

The Ministry of Finance of India determined that when calculating taxes, traders will not be able to compensate for losses in one digital asset in another.

In India, they detained suspects in fraud with Ethereum by $ 5.34 million

India police detained 400 million rupees suspects (~ $ 5.34 million) suspects, Times of India reports.

The head of the Central Bank of India warned from investment in cryptocurrencies

Private cryptocurrencies pose a “huge threat” for macroeconomic and financial stability, and investors should be aware of all the risks. This was stated by the head of the Reserve Bank of India (RBI) Shaktikant Das, reports Reuters.

In India, a 30% tax on income from cryptocurrency transactions were announced

India authorities will introduce https://gagarin.news/news/do-indian-crypto-exchanges-launder-money-investigation-is-ongoing/ 30% tax on income from operations with digital assets in anticipation of the launch of digital rupees. The initiative was presented by the Minister of Finance of Nirmal Sitharaman during the presentation of the annual budget.

The police established the involvement of Hamas group in the stealing of cryptocurrency from an India businessman

The division of intelligence and strategic operations (IFSO) of the police revealed a connection between the hacking of a private cryptocurrency wallet and the group of militants Hamas.

India Prime Minister called for a single approach to regulating cryptocurrencies

Countries should develop a single approach to creating a regulatory framework for the cryptocurrency industry. India Prime Minister Narendra Modi said this at the World Economic Forum in Davos.

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