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D Central Launches Innovative03

JP Morgan partners with six Indian banks for blockchain-based interbank dollar settlements

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied JP Morgan Chase & Co. has partnered with six Indian banks to launch a blockchain-powered platform for settling interbank dollar transactions in India’s emerging international financial center.  The pilot program commenced June 5 and is expected to run for several months, […]
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crypto news india low poly style

New turmoil swings Indian crypto exchanges in balance

India’s stringent crypto taxation and shadow banking ban have driven crypto exchanges into survival mode. Despite this challenge, the industry is adapting, with exchanges exploring innovative strategies to stay afloat. India‘s imposing a stringent 30% tax on crypto profits and a 1% TDS on transactions in March 2022, coupled with the shadow banking ban later, […]
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crypto news india low poly style

Indian government announces new crypto regulations

India’s stance on cryptocurrency and token transactions has been a topic of much discussion in recent times. Now, the country’s finance ministry has issued a notice outlining its plan to regulate virtual digital assets and clarifying the application of anti-corruption regulations in the Prevention of Money Laundering Act (PMLA) to the crypto industry. The notice states […]
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Indian minister has no beef with regulated crypto

The Minister of Information Technology in India, Rajeev Chandrasekhar, said that there would be no problems using cryptocurrencies inside the nation provided the relevant regulations are adhered to. Chandrasekhar commented on cryptos while speaking at an event in the city of Bengaluru, located in the southern part of the country. He claimed that there is “nothing […]
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Top five CeFi in India

Indian crypto industry calls for tax cuts amid investors’ exodus

India’s local crypto institutions have collectively demanded tax reliefs on crypto investments as investors flocked to foreign exchanges following the unfavorable tax policies imposed on digital asset investments. The local industry is calling on authorities to reduce the TDS rate from the current 1% to 0.1%-0.001% and allow loss offsets. Indian investors flock to international […]
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Indian government updates parliament on crypto legislation and exchange probes

The Indian government has updated the Lok Sabha, India’s lower house of parliament, on the status of its cryptocurrency bill and investigations into crypto exchanges. Indian government responds to concerns regarding the crypto bill On Dec. 20, the Indian government responded to various questions concerning cryptocurrency and its regulation from members of the Lok Sabha, India’s lower […]
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