‘Wait is Frustrating’: Indian Crypto Players Fear Losing Web3 Talent, Funding Amid Legal Delays

‘Wait is Frustrating’: Indian Crypto Players Fear Losing Web3 Talent, Funding Amid Legal Delays

The next eighteen months could seem like a lifetime for Web3 firms, waiting to take their operations full scale in the most populated country of the world, India. Despite a crypto roadmap having been finalised by G20 this year, India is still at least a year-and-a-half away from deploying these…

‘Wait is Frustrating’: Indian Crypto Players Fear Losing Web3 Talent, Funding Amid Legal Delays

India’s 1 Percent TDS on Crypto Transactions Needs to be Slashed to 0.01 Percent: Study

India, that has levied a one percent TDS on each crypto transaction, is again facing suggestions regarding a change in the law. In its latest study, Delhi-based think tank Esya Centre has advised the government to slash its 1 percent TDS on crypto transactions to 0.01 percent. In doing so,…

Binance Said to Be Under Investigation in France for Illegal Canvassing, Money Laundering

Binance Said to Be Under Investigation in France for Illegal Canvassing, Money Laundering

Binance, the largest cryptocurrency exchange, is under preliminary investigation by the Paris prosecutors office for both illegal canvassing of clients and aggravated money-laundering, French daily Le Monde reported on Friday. “In France, on-site visits by regulators and inspectors are part of regulatory obligations to which all financial institutions must adhere….

Binance to Launch Japan-Centric Crypto Exchange Soon, Vouches Regulatory Compliance

Binance to Launch Japan-Centric Crypto Exchange Soon, Vouches Regulatory Compliance

Japan, which in recent months has emerged as a top global contender to become a Web3 hotspot, is attracting industry players to go the extra mile and set up operations in the Asian nation. One of world’s biggest crypto exchanges, Binance, is now inching closer to launching a new exchange…

‘Wait is Frustrating’: Indian Crypto Players Fear Losing Web3 Talent, Funding Amid Legal Delays

India Being Urged to Restore UPI Access for Users of Crypto Exchanges: Report

India is reportedly reconsidering to let crypto investors use Unified Payments Interface (UPI) to purchase digital assets like cryptocurrencies and non-fungible tokens (NFTs). The financial authorities of India have received multiple proposals, urging them to allow the integration of UPI for crypto transactions. These proposals have been sent by crypto…

April to July Period Crucial for Global Crypto Regulations, Hints Nirmala Sitharaman

April to July Period Crucial for Global Crypto Regulations, Hints Nirmala Sitharaman

India, under its ongoing G20 Presidency, is spearheading the process of formulating crypto laws that would work uniformly on an international level and make the sector safer against crimes and misuse. In a fresh development, Indian finance minister Nirmala Sitharaman has disclosed that the three-month period between April and July…

IMF Teams up with India to Formulate Global Level Crypto Laws Under G20 Framework

IMF Teams up with India to Formulate Global Level Crypto Laws Under G20 Framework

India has welcomed the International Monetary Fund (IMF)’s aid in its quest to formulate crypto laws that would work on an international level. The development has been confirmed by Ajay Seth, Secretary of India’s Department of Economic Affairs. India took over the presidency of the G20 group of nations in…

Israel Opens Proposed Crypto Rulebook for Public Comments, Here’s What We Know

Israel Opens Proposed Crypto Rulebook for Public Comments, Here’s What We Know

The first week of 2023 has already seen several nations make strides in formulating laws to oversee the crypto sector. After the UK, Italy, and Morocco — Israel has moved a step closer to finalising a regulatory framework for cryptocurrencies and other sorts of virtual digital assets. The authorities there have…

Brazil Gets Crypto Laws, Industry Players Get 180 Days to Comply: Details

Brazil Gets Crypto Laws, Industry Players Get 180 Days to Comply: Details

Brazil has emerged among the first nations now, that has officially outlined the rules and laws to govern the virtual digital assets sector. Jair Bolsonaro, the President of Brazil has signed the previously proposed crypto bill into a law. The parliament of Brazil had given this draft crypto ruleset a…

Bank of Israel Seeks Task of Supervising Stable Crypto Assets, Here’s What’s Brewing

Bank of Israel Seeks Task of Supervising Stable Crypto Assets, Here’s What’s Brewing

The stir around crypto regulations has intensified around the globe. Israel is the latest nation to join the list of countries that have accelerated their efforts around regulating the digital assets sector. Israel’s ministry of finance is now assessing the threats and challenges associated with the volatile industry, in order…