India
Polygon Co-Founder on What’s Next for Web 3
Polygon, a layer 2 (L2) solution for the Ethereum blockchain, raised $450 million in its latest funding round to build Web 3 applications and invest in zero-knowledge technology.
PBOC Pushes E-CNY Standardization; CoinDCX Hits 10M Users
China’s central bank works on E-CNY standardization. India’s excitement for crypto grows despite tax. Are memecoins becoming more than a joke? We’ll have more on those stories — and other news shaping the cryptocurrency and blockchain world — in this episode of The Daily Forkast.
Bithumb Goes for Olympic Gold; India Crypto Tax Questions
Japanese megabank to take advantage of stablecoin law. Korea’s Bithumb gets in on Winter Olympics action. Lack of clarity clouds India crypto tax. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Paxful CEO on Launching Bitcoin Educational Center in El Salvador
Crypto trading platform Paxful has opened “La Casa del Bitcoin,” a bitcoin educational center in El Salvador to enable free learning opportunities related to BTC and boost adoption. Paxful CEO Ray Youssef shares insights into the launch, addressing concerns BTC could be too volatile to serve as a national currency.
India’s 30% Crypto Tax Proposal Explained
Indian Finance Minister Nirmala Sitharaman announced the nation’s budget Tuesday, revealing it will tax digital assets at a 30% rate and launch a digital rupee by 2023.
Indian Budget Provision Allows Government to Define NFTs
A clause in India's 2022 budget announced Tuesday by Finance Minister Nirmala Sitharaman suggests the Modi government may be seeking to define what is or is not a non-fungible token (NFT). CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses the regulatory implications for the future of NFTs in India.
Indian Budget Provision Allows Government to Define NFTs
A clause in India’s 2022 budget announced Tuesday by Finance Minister Nirmala Sitharaman suggests the Modi government may be seeking to define what is or is not a non-fungible token (NFT). CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses the regulatory implications for the future of NFTs in India.
India Edges Toward Crypto Legalization With 30% Tax, Announces Digital Rupee Launch
Indian Finance Minister Nirmala Sitharaman announced a 30% tax on any income from the transfer of digital assets on Tuesday. She also said the digital rupee will most likely be issued by 2023, despite the lack of regulatory clarity.