Capitalize Financial
No Result
View All Result
  • Home
  • World
  • Economy
  • Business
  • Markets
  • Real Estate
  • Cryptocurrency
Capitalize Financial
  • Home
  • World
  • Economy
  • Business
  • Markets
  • Real Estate
  • Cryptocurrency
No Result
View All Result
Capitalize Financial
No Result
View All Result
Home Cryptocurrency

India May Have Quietly Shown Its Hand on Crypto Regulation

by capitalizefinancial
July 2, 2021
in Cryptocurrency
0

June was a dramatic month for cryptocurrency – not only in terms of price fluctuations but also regulations. While we saw good tidings like the declaration of bitcoin as a legal tender in El Salvador, regulatory crackdowns in countries like China have turned the market bearish. More quietly, in India a seismic regulatory development has passed by relatively unnoticed.

The past few months have seen some positive regulatory moves by the government here. In March, the Finance Minister denied the possibility of a blanket ban “shutting off all options” and outlined the government’s plans to take a “calibrated” approach towards cryptocurrencies in the country. She went on to emphasize the need for experimentation in blockchain and cryptocurrency.

Later, the Ministry of Corporate Affairs (MCA) declared it mandatory for companies to declare their crypto investments during the financial year – considered by some as a step towards regulations, even hinting towards the possibility of upcoming tax regulations. All these developments have led to a major boom in the Indian crypto industry. A recent Chainalysis report indicated that crypto investments in India this quarter have gone up 19,900% from $200 million to $40 billion.

Read more…

Previous Post

U.S. employment likely accelerated in June as companies boost perks

Next Post

‘We’re prisoners’: Australia locks out thousands more citizens as virus slip-ups mount

Next Post
‘We’re prisoners’: Australia locks out thousands more citizens as virus slip-ups mount

‘We’re prisoners’: Australia locks out thousands more citizens as virus slip-ups mount

Search…

No Result
View All Result

Subscribe Us

By clicking on Subscribe, I confirm that I have read and agree to the terms set forth in the Privacy Policy and Terms of Service including Capitalize Financial’s ability to use and share my information and Capitalize Financial, or third-party companies and business partners, may send me offers for products and services at the email address I have provided. I understand that my information may be supplemented with additional information obtained from other sources.

Recent News

Ric Flair sets date, location for his final wrestling match

Ric Flair sets date, location for his final wrestling match

Congress holds historic public UFO hearing, as military struggles to understand ‘mystery’ flying phenomena

Congress holds historic public UFO hearing, as military struggles to understand ‘mystery’ flying phenomena

Categories

  • Business
  • Cryptocurrency
  • Economy
  • entertainment
  • finance
  • Georgia
  • health
  • Markets
  • Music
  • Politics
  • Real Estate
  • receipe
  • Science
  • science
  • Sports
  • Sports
  • Tech
  • Travel
  • World

Site Navigation

  • Contact Us
  • Privacy Policy
  • Terms Of Service
  • Unsubscribe

Capitalize Financial, a news portal which provides the financial news global wide.

  • Contact Us
  • Privacy Policy
  • Terms Of Service
  • Unsubscribe

© 2021 Capitalize Financial All Rights Reserved

No Result
View All Result
  • Advertisement
  • Contact Us
  • Homepages
    • Home 1
    • Home 2
    • Home 3
    • Home 4
    • Home 5
  • World
  • Economy
  • Business
  • Markets
  • Real Estate

© 2021 Capitalize Financial All Rights Reserved