India


Policy

BRICS Will Create Payment System Based on Digital Currencies and Blockchain: Report

For some time now, the BRICS grouping has been making efforts to reduce its reliance on U.S. dollars in settlement.

(Christiann Koepke/Unsplash)

Policy

India CBDC Insider Reveals Current Stance of Country's Central Bank

India’s central bank is weighing CBDC privacy technology and crypto tax is not part of its domain, a senior official told CoinDesk.

(L-R) Shaktikanta Das, Governor, Reserve Bank of India and Nirmala Sitharaman, Indian Finance Minister at the G20 Annual Meetings, in Washington DC in October 2022. (Indian Ministry of Finance)

Policy

India Keeps Stiff Taxes on Crypto as Interim-Budget Is Revealed in Election Year

Expectations were low for a change in the stiff taxes on crypto transactions: a 30% tax on profits and a 1% TDS on all transactions.

(L-R) Shaktikanta Das, Governor, Reserve Bank of India and Nirmala Sitharaman, Indian Finance Minister at the G20 Annual Meetings, in Washington DC in October 2022. (Indian Ministry of Finance)

Policy

Binance, KuCoin, Other Exchanges, Served Notice by Indian Government Removed From Apple’s App Store

Binance, KuCoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global and Bitfinex were sent showcause notices by the Indian government.

(Shutterstock)

Policy

India's Digital Rupee Crossed a Million Transactions in 1 Day With Some Help From Banks

The retail CBDC pilot is active in more than 15 cities with more than a dozen banks participating.

Shaktikanta Das, Governor, Reserve Bank of India (left) and Nirmala Sitharaman, Indian Finance Minister at the G20 Annual Meetings, in Washington DC in October 2022. (Indian Ministry of Finance)

Policy

India's Local Crypto and Web3 Advocacy Body Asked for Action Against Offshore Entities: Source

Bharat Web3 Association's (BWA) Chairman wrote the letter to the Indian government on Dec. 16.

New Delhi, India (Unsplash)

Policy

India to Block URLs of 9 Offshore Exchanges Including Binance After Issuing Compliance 'Show Cause' Notices

Binance, KuCoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global and Bitfinex are the nine exchanges.

(L-R) Shaktikanta Das, Governor, Reserve Bank of India and Nirmala Sitharaman, Indian Finance Minister at the G20 Annual Meetings, in Washington DC in October 2022. (Indian Ministry of Finance)

Videos

The Sandbox Wants to Make India Its Largest Market Within the Next Two Years

The Sandbox's SAND token has risen about 40% in the past month, as CoinDesk reports the metaverse platform is planning to make India its largest market within the next 2 years after entering the nation earlier this year through a joint venture with a local entity. CoinDesk's Amitoj Singh presents "The Chart of the Day."

Recent Videos

Videos

How Upcoming Elections Around the World Could Impact the Crypto Industry

As 2023 comes to an end, CoinDesk managing editor for global policy and regulation Nikhilesh De looks ahead to the upcoming elections in the United States, European Parliament, and India. De explains how these political results might impact the crypto industry.

Recent Videos

Web3

The Sandbox Aims to Make India Its Largest Market

The Sandbox's partnership with CoinDCX and Okto could make India its largest market.

Animation of The Sandbox and BharatBox (BharatBox)