JP Morgan Chase & Co. has partnered with six Indian banks to launch a blockchain-powered platform for settling interbank dollar transactions in India’s emerging international financial center. The pilot program commenced June 5 and is expected to run for several months, as stated...
Global financial giant JPMorgan has announced a strategic partnership with six major Indian banks to launch a blockchain-based platform to settle interbank dollar transactions. This latest move is part of a broader effort to promote the growth of Gujarat International Finance Tec-City (GIFT...
India’s stringent crypto taxation and shadow banking ban have driven crypto exchanges into survival mode. Despite this challenge, the industry is adapting, with exchanges exploring innovative strategies to stay afloat. India‘s imposing a stringent 30% tax on crypto profits and a 1% TDS...
Minister Chandrasekhar highlighted the primary objective of the Digital India Act (DIA) to provide a secure and reliable online environment for all digital projects, emphasizing the importance of ensuring a safe internet experience. As India’s internet user base is set to reach 1.3...
An Indian crypto exchange and a policy firm have independently made appeals to the government, urging the restoration of access to the national Unified Payments Interface (UPI) for crypto firms following its apparent suspension in 2022. While the proposals were not coordinated, they...
India’s stance on cryptocurrency and token transactions has been a topic of much discussion in recent times. Now, the country’s finance ministry has issued a notice outlining its plan to regulate virtual digital assets and clarifying the application of anti-corruption regulations in the Prevention...
The Minister of Information Technology in India, Rajeev Chandrasekhar, said that there would be no problems using cryptocurrencies inside the nation provided the relevant regulations are adhered to. Chandrasekhar commented on cryptos while speaking at an event in the city of Bengaluru, located...
India’s local crypto institutions have collectively demanded tax reliefs on crypto investments as investors flocked to foreign exchanges following the unfavorable tax policies imposed on digital asset investments. The local industry is calling on authorities to reduce the TDS rate from the current...