Narendra Modi


Policy

India's CBDC Has 5M Users, Can be Phased in Gradually: Central Bank Governor

Governor Shaktikanta Das said there should not be in any rush to roll out a system-wide CBDC.

(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 Controversial Crypto Tax Rules Unchanged, Finance Minister's Budget Speech

The budget is the first since Prime Minister Narendra Modi was elected for a third straight term.

Indian President Droupadi Murmu (fourth from right), Finance Minister Nirmala Sitharaman (third from right), Minister of State for Finance Pankaj Chaudhary (fifth from right) before the budget presentation. (DD News)

Policy

India Unlikely to See Crypto Tax Reduction in Tuesday's Budget

An unexpected election result and last week's $230 million hack of crypto exchange WazirX appear to have dented any hopes of a reduction in the tax.

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 Springs Election Surprise, Sends Equity Market Crashing With Uncertain Implications for Crypto

Any plans for comprehensive crypto legislation could be kicked further down the road after a weaker-than-forecast showing for the governing party.

Narendra Modi greets supporters in May. (Elke Scholiers/Getty Images)

Policy

What’s at Stake for Crypto in India as the World’s Largest Democracy Is in the Midst of Its National Election?

Crypto’s significance as an election issue remains non-existent or at best negligible.

Indian flag, elections, ballot box, casting vote. (Gettyimages/btgbtg)

Policy

G20 Set to Crystalize Global Crypto Rules as India Wraps Up Presidency

G20 nations, supported by the FSB and IMF under India’s presidency, are set to bring into implementation perhaps the first global crypto regulations ahead of the Leaders’ Summit in September.

Indian fFnance Minister Nirmala Sitharaman (right) with U.S. Treasury Secretary Janet Yellen (Indian Finance Ministry)

Videos

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.

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Videos

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.

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Videos

India Unveils 2022 Budget Proposing 30% Crypto Tax, Digital Rupee Launch

In her presentation of the Modi government’s budget to Parliament, Indian Finance Minister Nirmala Sitharaman announced plans to launch a digital rupee by next year, and tax income from the transfer of virtual assets at 30%. This comes amid talks of a potential crypto ban in the country.

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Videos

India's Modi Says Crypto Should Empower Democracies, Not Undermine Them

Indian Prime Minister Narendra Modi has called for a global cryptocurrency standard, claiming emerging technologies such as crypto should empower democratic societies. This contrasts an earlier report which stated the country was planning to adopt harsh policies towards digital assets. "The Hash" hosts break down the potential implications for mainstream adoption of crypto and the role of government in DeFi.

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