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India's Crypto Discussion Paper on Hold Due to Other Priorities

[Oct 9 1:08 PM] India's planned discussion paper outlining its policy stance on cryptocurrencies has been held up due to other priorities, two people familiar with the matter told CoinDesk.

Russian Republic Dagestan Battles Underground Crypto Mining Amid Power Outages

[Sep 26 8:30 AM] Dagestan, a republic in Russia, is stepping up efforts to tackle illegal cryptocurrency mining due to its impact on the power grid and public safety. Underground mining operations have caused recent infrastructure damage, including a substation…

India to Release Its Crypto Policy Stance by September After Stakeholder Consultations: Report

[Jul 25 1:29 AM] India plans to put out a discussion paper outlining its policy stance on cryptocurrencies before September, according to Indian news outlet Moneycontrol citing an interview with Senior Finance Ministry Official Ajay Seth.

India Keeps Controversial Crypto Tax Rules Unchanged, Finance Minister's Budget Speech

[Jul 23 1:08 AM] The primary demand from India's crypto industry was to reduce the controversial tax-deducted-at-source (TDS) policy on crypto transactions from 1% to 0.01%

India Unlikely to See Crypto Tax Reduction in Tuesday's Budget

[Jul 22 3:41 AM] India is unlikely to introduce any changes to its controversial tax-deducted-at-source (TDS) policy on Tuesday when Finance Minister Nirmala Sitharaman reveals her budget for 2024-2025, experts predicted.

Binance Fined $2.2M by India’s Financial Intelligence Unit

[Jun 19 11:11 PM] Binance, the world's largest cryptocurrency exchange, has been fined approximately $2.2 million (18.82 crore INR) for providing services to Indian clients without adhering to the nation's anti-money laundering rules, India's anti-money laundering…

Instant Settlement Needed to Compete With Crypto, India's Markets Regulator Says

[Mar 13 4:09 AM] The chairperson of India's markets regulator has warned that if it doesn't offer instant settlement investors will move to spaces like the crypto industry.

South Korea Upholds Crypto ETF Ban Amid Country’s Rising Bitcoin Premiums

[Jan 11 10:30 AM] South Korea persists in its stance against allowing financial institutions to invest in digital currencies, effectively blocking the launch of any crypto exchange-traded fund (ETF) within its borders. A representative from the Financial Services…

Binance, KuCoin, Other Exchanges, Served Notice by Indian Government Removed From Apple’s App Store

[Jan 10 1:08 AM] Apple has removed Binance, KuCoin and other offshore cryptocurrency exchanges from its India app store days after nine such entities were sent compliance show cause notices by the Indian government.

India's Local Crypto and Web3 Advocacy Body Asked for Action Against Offshore Entities: Source

[Dec 29, 2023 9:49 AM] The Bharat Web3 Association's (BWA) Chairman wrote the letter to the Indian government on Dec. 16.

India to Block URLs of 9 Offshore Exchanges Including Binance After Issuing Compliance 'Show Cause' Notices

[Dec 28, 2023 10:39 AM] Binance, KuCoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global and Bitfinex are the nine exchanges.

India Will Decide on Its Crypto Stance in Coming Months

[Sep 11, 2023 1:26 AM] India's individual position on crypto will be analyzed and decided on in the coming months after considering what global leaders agreed to as an acceptable framework for crypto rules as part of the Group of Twenty (G20) deliberations.

G20 Set to Crystalize Global Crypto Rules as India Wraps Up Presidency

[Aug 15, 2023 10:30 AM] G20 nations are set to crystalize crypto policies, the closest we may have come to globally coordinated rules for the industry. India has been at the helm of the efforts as the current president of the G20 and is likely to celebrate the progress…

Russians Warned Against Saving in Crypto Amid Declining Savings in Foreign Fiat

[Jun 1, 2023 5:30 AM] A government official in Moscow has advised Russians to avoid cryptocurrencies now when interest in foreign fiat currencies is declining in the country. The high-risk assets are not suitable for the savings of most people and make sense only for…

Indian Crypto Exchanges Are in Survival Mode, Trying to Extend Their Runways

[May 28, 2023 8:00 PM] India’s CoinDCX, CoinSwitch, WazirX, BuyUCoin, ZebPay and Giottus all think they'll survive the current bear market – here’s how.

Putin Wants Limit on Currency Purchases for Russians Dealing With Foreigners

[May 23, 2023 4:30 PM] Russian citizens and firms doing business abroad may soon be restricted in the amount of foreign currency they are allowed to acquire, on order from Vladimir Putin. Russia’s head of state now wants his government to cap such purchases on the…

Tax Authority Slated to Become Main Crypto Regulator in Russia

[May 17, 2023 4:25 AM] Russia’s tax administration is going to be tasked with overseeing the crypto industry in the country, a high-ranking government official has indicated. According to the regulatory concept that’s currently under consideration, the revenue service…

Japan's Finance Ministry to Explore Digital Yen Feasibility: Report

[Mar 30, 2023 2:54 AM] The ministry plans to launch an expert panel next month to explore the feasibility of a central bank digital currency.

Bank of Russia Backs Crypto Mining Bill But Insists Minted Coins Should Be Exported

[Dec 10, 2022 5:30 AM] The monetary authority in Moscow has expressed support for the latest legislative attempt to legalize cryptocurrency mining. However, the regulator wants the extracted digital currency to be sold outside the country or only under special legal…