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The proposed flat tax on crypto may be the talk of the town, but there's more to the government's budget plans around tech.
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The proposed flat tax on crypto may be the talk of the town, but there's more to the government's budget plans around tech.
While most crypto exchanges in India welcomed the announcement, lawyers urged to consider the exact implications.
The CBDC is seen as the RBI's response to the rapid growth in adoption of private cryptocurrencies among Indian investors.
Rebranding and restructuring efforts couldn't save the Diem stablecoin which faced staunch opposition right from the start.
The lack of norms makes it difficult to judge the legality of crypto transfers abroad, lawyers speaking to MediaNama noted.
The Russian central bank took stock of the trends, risks, and global regulations around crypto to arrive at the proposal.
In the past, the Prime Minister has similarly appealed for global efforts on preventing the misuse of cryptocurrencies.
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.
