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The government continues to hold deliberations while India's unregulated, burgeoning crypto industry watches closely.
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The government continues to hold deliberations while India's unregulated, burgeoning crypto industry watches closely.
While the market reality of popular crypto-assets like Bitcoin may undergo little change, the same can't be said for stablecoins.
The government had taken issue with promises of wild profits made by crypto ads that will now have to carry disclaimers.
It also gave the government pointers on how to decide taxation of crypto assets, starting with its classification under the law.
Bringing transactions related to crypto-assets within the tax net could make matters less fuzzy.
Loopholes in FEMA and the decentralised nature of crypto-assets point to a need for effective regulations.
The framework is proposed at a time when countries like India are pondering over how crypto can be regulated.
More robust, efficient, trusted, regulated and legal tender-based payments option is one among the many benefits of CBDC according to Finance Ministry.
The social media giant has expanded the number of regulatory licenses it accepts from 3 to 27; read the full list.
The revised guidelines are expected to temper the tone of wild profits in commercials about cryptocurrencies.
