Latest from Amitoj Singh
India's Crypto Industry Awaits New Budget
The challenge of regulating cryptocurrencies may mean the industry won't even be mentioned in the budget speech on Feb. 1.

Indian Prime Minister Calls for Global Cooperation on Cryptocurrency
Narendra Modi likened crypto to supply-chain disruptions, inflation and climate change, saying they can't be tackled by nations in isolation.

Pakistan Plans to Ban Cryptocurrencies as Stance Hardens: Reports
A central bank and government report recommends declaring all cryptocurrencies illegal.

Pakistan’s Investigation Agency Contacts Binance About $100M Scam
At least 11 allegedly fraudulent applications linked to Binance, and several thousand investors were hit.

India’s Central Bank Creates Fintech Department That Will Address CBDC
The bank is working on a digital currency, and parliament is set to consider crypto regulations.

Industry Body for Indian Startups Seeks Crypto Rules
The group wants Parliament to provide more clarity on tax issues in its upcoming budget session.

The Inside Story of How India’s Crypto Exchanges Were ‘Inspected’ by Tax Agencies
Two agencies, five months, five crypto exchanges, 100-plus officers, more than Rs 700 million in tax recovery, and yet the scale of the misdemeanor, excused by “ambiguity,” remains unknown.

Thailand’s Crypto Traders to Be Subject to 15% Capital Gains Tax: Report
The report quotes a person in the Finance Ministry who also said cryptocurrency traders should prepare for increased surveillance.

Jamaica Completes CBDC Pilot, Expects Rollout Later This Year
The Bank of Jamaica completed the eight-month pilot on Dec. 31, 2021.

Half a Dozen of India’s Crypto Exchanges Searched After Alleged Rupee 700M Tax Evasion Detected: Sources
The sources said the searches were initiated after a Mumbai tax authority recovered funds from crypto exchange WazirX.
