India has tightened its noose around crypto-related businesses, mandating sector firms to comply with certain legal requirements. Failing to comply with these rules, crypto exchange OKX has decided to exit India’s crypto sphere. The Seychelles-headquartered exchange informed its Indian community on March 21 that they should close their accounts on…
The US Securities and Exchange Commission on Friday denied a petition by Coinbase Global seeking new rules from the agency for the digital asset sector, which the country’s largest crypto exchange said it plans to challenge in court. The five-member commission, in a 3-2 vote, said it would not propose…
India is standing on the cusp of embracing the crypto sector, but well within a concrete legal framework to safeguard its nationals against any financial risks. Before that happens, the country is laying focus on assessing the impacts and risks that crypto could pose on its existing financial systems. This…
After India and other G2O nations decided to adopt a crypto roadmap framed with suggestions from global financial bodies, one would have thought the deployment of these laws were just around the corner. That, however, is not the case. A senior government official has recently claimed that a Web3-specific crypto…
Marrakesh, Morocco is hosting the G20 Finance Ministers and Central Bank Governors (FMCBGs) for their fourth and final meeting under India’s Presidency on October 12 and 13. The finance ministry of India posted updates from the meeting on X, disclosing that FMCBGs have adopted the G20 roadmap on crypto assets….
India will be finalising its public opinion on cryptocurrencies in the coming days, Ajay Seth, the secretary of the department of economic affairs recently affirmed in an interview. During the recently held G20 Summit in Delhi, international policymakers as well as officials from global financial institutions like the International Monetary…
Prime Minister Narendra Modi has stressed that a comprehensive set of rules are necessary govern the crypto sector. PM Modi, during an exclusive interview with Business Today said that it is only wise to keep up pace with advancements in the technological sector. The regulation of cryptocurrencies has been among…
Brian Armstrong, the CEO of Coinbase crypto exchange, is looking to meet with policymakers from the US. The agenda of Armstrong’s rendezvous with the Democrats revolves around opening discussions on the future of the digital assets sector in the US. Valued at $1.2 trillion (roughly Rs. 98,47,344 crore) as of…
The Financial Stability Board (FSB), a body that oversees recommendations about the global financial systems, has called for a global set of rules to govern the crypto sector. The FSB has evidently chimed-in with India’s vision as well. Under its ongoing G20 presidency, India has been working with international financial…
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