Page 7 - Cryptocurrencies

Global cooperation needed to regulate crypto: Sitharaman tells Parliament

RBI has called cryptocurrencies a 'real danger', listing their risk in its annual report

Group representing Indian crypto exchanges to be dismantled: Report

The Internet and Mobile Association of India (IAMAI) is dismantling BACC after disagreement and allegations that crypto exchanges were not following an internal code of conduct

India's crypto exchanges flouted KYC, money laundering norms: ED

The latest findings by the federal agency have come to light during its ongoing probe into forex violation by at least 11 crypto exchanges

G20 watchdog FSB to propose first global crypto rules in October

Recent turmoil in crypto markets has highlighted their volatility, structural vulnerabilities and increasing links to the wider financial system, the FSB said

CoinSwitch appoints former Myntra VP as head of crypto engineering

Sudheer Tumuluru joins CoinSwitch from Myntra where he was VP-engineering. With two decades of experience, he has built cloud, Big data and infrastructure platforms at tech firms in India and US

We ensure that crypto transactions are in the KYC framework: CoinSwitch CEO

Crypto will pave the way for Web 3.0, a new internet that is open and shared, says CoinSwitch CEO Ashish Singhal

Indian cryptocurrency exchange Vauld suspends withdrawals, trading

Company says it's looking for new potential investors as it considers the option of restructuring

Americans lost $185 mn to crypto romance scams in just 3 months: Report

These accounted for losses of $133 million in Q1 2022. These involve the fraudster impersonating someone in authority and then gaining the victim's credentials

Amid crypto crash, Meta says will shut down its digital wallet Novi in Sept

Meta's money-transfer service that uses the company's own cryptocurrency digital wallet 'Novi pilot' is shutting down on September 1.

Cryptocurrency rules to make Europe a global leader as prices plunge

Europe prepared to lead the world in regulating the freewheeling cryptocurrency industry at a time when prices have plunged, wiping out fortunes, fueling skepticism and sparking calls for scrutiny.

Cryptocurrencies are a 'clear danger': RBI governor Shaktikanta Das

Indian fintech industry value projected to hit $150 bn by 2025

Top headlines: Shinde next Maha CM; cryptos a clear danger, says RBI's Das

Business Standard brings you the top headlines on Thursday

Cryptocurrencies a clear danger to financial systems, says RBI Governor

Anything that derives value based on make believe, without any underlying, is just speculation under a sophisticated name, says Shaktikanta Das

Income tax rules: Here are the changes in rules from July 1, 2022

While the late fees for linking PAN-Aadhaar will shoot up, doctors and influencers will have to pay 10% TDS on the benefits they receive from sales promotions

Crypto winter: Why this bitcoin bear market is different from the past

Crypto loans - particularly those in decentralized-finance apps that dispense with intermediaries like banks - often require borrowers to put up more collateral than the loan is worth

Crypto broker Voyager Digital issues default notice to Three Arrows Capital

Singapore-based 3AC is one of the higher profile crypto companies to have run into difficulties following crypto markets' selloff in recent months

Investors who have a long horizon should wait for crypto prices to recover

Those who don't anything to do with this highly volatile asset class may also throw in the towel

Crypto exchanges hunker down as everything goes wrong in India

With token prices plummeting, customers unable to transfer money to their accounts and a dreaded tax on cryptos just around the corner, exchanges like WazirX have put expansion plans on back burner

After govt clarity on TDS, will it be smooth sailing for crypto in India?

Recently the govt had announced to impose 1% TDS crypto assets. As the TDS regime is slated to come into effect from July 1, will it be smooth sailing for domestic crypto exchanges and traders?

Officers committee suggests deferment of decision on levying GST on crypto

The committee of officers comprising both from Centre and states, referred to as Fitment Committee, felt that a deeper study was needed on the issues involved in crypto ecosystem