Page 12 - Cryptocurrencies

RBI DG Rabi Sankar asks for complete ban on cryptocurrencies in India

'We have examined arguments by those advocating cryptos should be regulated, and found that none of them stand up to basic scrutiny,' says RBI Deputy Governor

Banning crypto is perhaps the most advisable choice open to India: RBI DG

Cryptocurrencies are akin to Ponzi schemes or even worse and banning these is the most sensible option for India, the Reserve Bank of India's deputy govenor said on Monday.

Govt, RBI in complete harmony on cryptocurrencies, says FM Sitharaman

Finance Minister Nirmala Sitharaman said discussions with regard to private cryptocurrencies and central bank-backed digital currency have been going on with the Reserve Bank

Nothing to sell but dreams

Today's key crypto-related regulatory questions reveal how it is not fulfilling its promised potential

Cryptos don't have any underlying value, not even a tulip: RBI Governor

At the post policy meeting with media persons, Governor Das said, the investors who invest in cryptocurrencies should keep in mind that they are doing so at their own risk

Largest-ever seizure: 'Crocodile of Wall Street' held in giant crypto bust

The couple conspired to launder 119,754 bitcoins in 2016 that's now worth $4.5 billion

Race for blockchain engineering talent hots up as crypto ban cloud clears

Startups and IT majors alike are angling to recruit the best and brightest in the technology

Confusion in the crypto universe: Budget leaves many unanswered questions

Budget announcements on taxing digital assets and creating a digital rupee involve complex issues that need to be addressed first

Bitcoin, Ether advance as Amazon share surge buoys tech stocks

Bitcoin rose as much as 3.4% to $38,221, while Ether rallied as much as 7.1% to $2,850.

Budget 2022: Virtual digital assets are here to stay, says expert

'We are left with some open issues which need clarifications on the VDA', said Aravind Srivatsan

Next year's ITR to have separate column for crypto income: Revenue Secy

Income tax return forms from next year will have a separate column for making disclosures on gains made from cryptocurrencies and paying taxes, Revenue Secretary Tarun Bajaj said on Wednesday.

Union Budget 2022-23: Crypto investors look to pare their holdings

Several crypto investors and traders Business Standard spoke with said the attraction of the asset class is its volatility

Top headlines: Budget 2022 sparks concerns on inflation; HDFC Q3 net up 11%

Business Standard brings you the top headlines on Wednesday

Cryptocurrency tax: Budget 2022 unveils norms for virtual digital assets

The move, though limited to income tax, has sent the ball rolling for a regulatory framework of crypto assets

Cryptocurrency tax: Budget proposal spurs talk of legality, 'grey area'

Union Budget proposes taxing income from the transfer of virtual assets at 30%; FM says central bank will issues its own digital currency.

How Budget 2022 gives a digital thrust to pandemic-stricken Indian economy

In Budget 2022, FM Nirmala Sitharaman laid an emphasis on digital technologies and start-ups cutting across sectors-from agriculture and education to post offices, banking and more

Cryptos face mounting pressure; lack of policy clarity remains a headwind

China and India both host large crypto-trading communities, which are now uncertain about the future

Indian mythology makes it to NFT space with MetaMasters launch

World's largest cryptocurrency exchange Binance on Monday launched its first ever Indian NFT collection inspired by Indian mythology and Southeast Asian, Japanese and Chinese folklore. The Indian NFT Collection, MetaMasters, whose unique selling proposition is bringing good fortune '888 times more money, wealth & profits for its collectors' will be available for the 30 million global users of Binance. MetaMasters are powerful celestial beings that travel through the fabric of space and time to bring good fortune to its collectors. The first in the series would be MetaMaster MahaDev, according to the description on Binance. The floor price of the NFT has been set at USD 387.92 and 3,564 items have been listed for sale on Binance. MetaMasters have been created by Europe-based storyteller and NFT asset creator Sourav Roy and Singapore-based Tech entrepreneur and NFT artist Sandeep Bhatia. The series is being launched to mark the auspicious period between Chinese New Year, which ...

Bitcoin, Ether, memecoins steady after tumbling in crypto rout

Bitcoin, the largest cryptocurrency by market value, traded at about $35,350 as of 12:05 p.m. in Singapore.

Dollar edges up on Fed and Ukraine jitters, cryptocurrencies slip

Tensions in Ukraine have been increasing for months after the Kremlin massed troops near its borders, which the West says is preparation for a war to prevent Ukraine from joining NATO