SEBI recommends that showbiz stars and athletes, public and political figures refrain from supporting projects related to the digital asset industry. The Indian regulator explains that Cryptocurrency products in the local market are not regulated, and some may even violate existing laws:
Indian authorities remain negative about digital currencies. Back in April, Nirmala Sitharaman, head of the country’s finance ministry, said that such instruments are mainly used by criminal structures.
Today, May 2, local media in India reported that a division of the Ministry of Information Technology issued a directive that obliges all Cryptocurrency exchanges to store personal and operational data of users for 5 years. In addition to trading platforms, the regulator’s directive applies to VPN service providers, as well as to online digital exchanges.
Today, May 2, local media in India reported that a division of the Ministry of Information Technology issued a directive that obliges all Cryptocurrency exchanges to store personal and operational data of users for 5 years. In addition to trading platforms, the regulator’s directive applies to VPN service providers, as well as to “online digital exchanges.
In India, the law on taxation of crypto-traders began to operate. Its rate is 30%. Such harsh legislation provoked a sharp decline in the activity of exchange users.
Changpeng Zhao told Inc42 that India is a “natural leader” in Web3 and Blockchain development. He said it is a huge market and the most comfortable country for Web3 startups.
The largest U.S. cryptocurrency exchange, Coinbase, which recently launched its own trading platform in India, reported pressure from local regulators. Amid the conflict, Coinbase said that some payment services will be suspended.
The official Twitter feed of the exchange posted the message “Chalo shuru karein!”, or “Well, let’s get started!” in Hindi. There was an official presentation at the technology hub in the Indian state of Bangalore.
The exchange’s official Twitter feed included the message “Chalo shuru karein!”, or “Well, let’s get started!” in Hindi. There was an official presentation at the technology hub in the Indian state of Bangalore.
Today, April 4, Cointelegraph, a well-known business publication, published the results of a recent survey on the active development of digital assets around the world. The survey was reportedly initiated by the founders of the Gemini cryptocurrency exchange, brothers Cameron and Tyler Winklevoss. They managed to poll about 300,000 respondents in 20 countries from November 2021 to February 2022.