Crypto Industry On Wait-and-Watch Mode, Says WazirX’s Nischal Shetty

“I do not agree with the idea of ​​entry barriers in terms of money being a parameter for entry into crypto. That would be an elitist approach,” says Nischal Shetty, Founder and Chief Executive Officer, WazirX. Are we expecting further taxation for crypto investments? Is this something the industry is ready for now?Taxation is certainly … Read more

Cryptocurrency exchange Coinstore enters India despite pending restrictions on trading

MUMBAI: Singapore-based virtual currency exchange Coinstore has commenced operations in India at a time when the Indian government is preparing legislation to effectively ban most private cryptocurrencies. Coinstore has launched its web and app platform and plans to have branches in Bangalore, New Delhi and Mumbai that will serve as its base in India for … Read more

Fear, Uncertainty, Doubt: The FUD Reality Of Crypto Users

Gopal Somani, a 26-year-old Delhi-based textile exporter and part-time crypto trader, spent Tuesday night trying to sell a portion of his cryptocurrency portfolio, but the trade didn’t work out. He could not buy any more coins as the money was not added to the wallet. The panic sell-off started after a government bulletin announced that … Read more

Bitcoin retreats 20% from record, joins risk-asset sell-off

by Joanna Osinger and Emily Graffio Bitcoin fell 20 per cent from record highs earlier this month as a potentially worrying new version of the coronavirus prompted traders to dump riskier assets around the world. The world’s largest cryptocurrency fell 9 per cent to $53,552 on Friday. Ether, the second-largest digital currency, fell more than … Read more

Cryptocurrency Prices Today: Binance Coin Climbs 4%; Solana, Polkadot down up to 5 percent

New Delhi: Cryptocurrency counters were mixed on Thursday amid a growing cautious mood towards banning private cryptocurrencies in India. However, many traders took this as an opportunity to buy at lower levels. In dollar terms, Binance Coin was the biggest gainer, gaining over 4 percent. Data from CoinMarketCap showed that Bitcoin climbed more than one … Read more

What is Private Cryptocurrency? Unocoin’s Satwik Vishwanath explains

The government may be talking about a situation where a company or a group of companies or a group of banks wants to launch some kind of blockchain and if there is a token for it, it may be an exception, say Huh Sathvik Vishwanath, CEO and Co-Founder, Unocoin. The government talks about banning private … Read more

We need to wait and see how the government proceeds on crypto: Nischal Shetty

Most importantly, crypto as a topic is now being discussed nationally and there is a far greater understanding of the subject and subject matter across the country and within lawmakers, says Nischal Shetty, Founder and Chief Executive Officer, WazirX. If you go by the details, it looks like the government is going to ban all … Read more

Government Plans Bill To Ban Private Cryptocurrency, RBI Allows Digital Coinage

The government will introduce a bill to make rules for cryptocurrencies with the aim of prohibiting private coinage while providing a framework for the creation of an official digital currency to be issued by the Reserve Bank of India (RBI). According to a bulletin issued by the Lok Sabha on Tuesday, the bill has been … Read more

Government lists cryptocurrency bill to be passed in winter session

MUMBAI: The government has listed a cryptocurrency bill in its legislative action plan for the winter session of Parliament beginning November 29. ‘Govt lists ‘Cryptocurrency and Regulation of Official Digital Currency Bill 2021’ for winter session When India introduces a Cryptocurrency and Regulation Bill in the winter session of Parliament, it seeks to ban all … Read more

Explained: All About El Salvador’s Volcano-Powered Bitcoin Bond

The country’s President Nayib Bukele said on Saturday that El Salvador plans to build the world’s first “Bitcoin City” with money from $1 billion worth of bitcoin-backed bonds. Here’s what we know about the proposed bond and some details that still need to be filled. what do we know Bukele said El Salvador plans to … Read more