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Analysis
Payments
Analysis
UPI in India: Is It Better than Other Mobile Payments?
It processed $133 billion in transactions in May 2022.
The network is also expanding internationally.
Monday, 27/06/2022 | 10:26 GMT
by
Arnab Shome
CryptoCurrency
Crypto Exchanges in India Explore P2P Payments to Bypass UPI
A crypto exchange official said that 'there is no violation of any regulation or law'.
Bank transfers in exchange for crediting clients' wallets is also being considered.
Monday, 18/04/2022 | 07:29 GMT
by
Matti Williamson
CryptoCurrency
CoinSwitch and WazirX Disable Cryptocurrency Deposits via Rupee Using UPI
Bank transfers through NEFT/RTGS/IMPS were disabled on CoinSwitch.
An Indian Parliament member insists that the crypto tax should be raised to 50%.
Wednesday, 13/04/2022 | 07:53 GMT
by
Matti Williamson
CryptoCurrency
Coinbase Halts UPI Deposits in India Following the NPCI Statement
'Currently unavailable' error is displayed when users in India are attempting to deposit.
Local reports are suggesting India may not announce crypto regulations anytime soon.
Sunday, 10/04/2022 | 15:09 GMT
by
Matti Williamson
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CryptoCurrency
Mixed Reactions Trail India’s Passage of 30% Crypto Tax Law
Finance Minister says the government is taxing crypto because people are profiting from it.
The crypto taxes will come into effect on April 1 while the TDS will start on July 1.
Friday, 25/03/2022 | 21:29 GMT
by
Solomon Oladipupo
News
India’s Niyo Raises $100 Million in Series C Funding Round
Niyo is a neo-banking platform based in India.
The investment round was led by Accel & Lightrock India.
Friday, 25/02/2022 | 11:01 GMT
by
Bilal Jafar
Regulation
Indian Ads Regulator Brings Strict Guidelines for Crypto Promotions
Ads cannot compare cryptos and other regulated assets.
References of returns within the past 12 months cannot be made.
Wednesday, 23/02/2022 | 10:01 GMT
by
Arnab Shome
CryptoCurrency
RBI Governor Shaktikanta Das Warns Crypto Is ‘Not Even a Tulip'
Shaktikanta Das has warned locals against investing in crypto
The Governor of India’s Central Bank said that cryptos have no underlying value
Sunday, 13/02/2022 | 11:00 GMT
by
Nicholas Otieno
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FinTech
Revolut Acquires India’s Arvog Forex as Expansion Plans Accelerate
The acquisition provides a quick way for Revolut to expand its services in India
The fintech has already pumped over $45 million into the Indian market
Sunday, 13/02/2022 | 08:29 GMT
by
Nicholas Otieno
Regulation
The Indian Central Bank Warns against Unregulated FX Trading Platforms
Offshore forex platforms are targeting Indians with aggressive ad campaigns.
The regulator is trying to curb the deposits to these unregulated platforms.
Friday, 04/02/2022 | 06:58 GMT
by
Arnab Shome
CryptoCurrency
India’s 30% Crypto Tax: Good or Bad?
The tax rate is on par with gambling and lottery.
Indian traders with a cent in crypto profits will now have to pay tax and file returns.
Thursday, 03/02/2022 | 12:42 GMT
by
Arnab Shome
News
India to Tax Crypto Gains at 30%, No Exemption Is Allowed
There will be a 1 percent tax deductible at source (TDS) for all transactions.
The central bank is also planning to launch a digital currency.
Tuesday, 01/02/2022 | 08:01 GMT
by
Arnab Shome
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News
Raids on Six Indian Crypto Exchanges Uncovered $9.4M in Unpaid Taxes
WazirX alone evaded $6 million in taxes.
The tax authorities will intensify their searches in the coming months.
Monday, 03/01/2022 | 06:59 GMT
by
Arnab Shome
News
Zwipe Partners with Easy Pay and KL HI-TECH to Pilot Biometric Payment Cards
The companies are planning to introduce an efficient payment experience in India.
Payment cards will be commercially launched by summer 2022.
Monday, 27/12/2021 | 09:15 GMT
by
Bilal Jafar
News
India’s Razorpay Receives $375 Million in Series F Round
The company’s valuation hits $7.5 billion.
The round was co-led by Lone Pine Capital, Alkeon Capital and TCV.
Tuesday, 21/12/2021 | 13:08 GMT
by
Bilal Jafar
News
Indian Crypto Bill Proposes Jail Term for Rule Violations
The bill is expected to be tabled for voting in the coming days.
Tuesday, 07/12/2021 | 13:25 GMT
by
Arnab Shome
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News
India Bans Cricket Teams from Engaging in Deals with Crypto Exchanges
The Board of Control for Cricket (BCC) in India enacted the order.
Tuesday, 30/11/2021 | 16:28 GMT
by
Felipe Erazo
Regulation
India’s Minister Says There Are No Plans to Recognize Bitcoin as Currency
Sitharaman confirmed that the government does not collect data on crypto transactions.
Monday, 29/11/2021 | 15:37 GMT
by
Felipe Erazo
Regulation
India’s Government Seeks to Ban Private Cryptocurrencies with a New Bill
The next session of parliament starts on November 29 where the bill will be discussed.
Tuesday, 23/11/2021 | 20:37 GMT
by
Felipe Erazo
Regulation
India Might Classify Crypto Exchanges as e-Commerce Platforms
The exchanges will likely fall under the GST regime of the country.
Wednesday, 17/11/2021 | 07:25 GMT
by
Arnab Shome
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FinTech
Paytm Gets Green Light from Regulators to Launch IPO
The IPO is set to be the biggest ever held in India.
Friday, 22/10/2021 | 17:23 GMT
by
Felipe Erazo
Regulation
Indian Regulator Bans Advisors from Dealing with Unregulated Assets
The warning came when retail crypto investments in the country have been skyrocketing.
Friday, 22/10/2021 | 11:38 GMT
by
Arnab Shome
Thought Leaders
Chingari Launches India’s First Crypto Social Token $GARI
Salman Khan joins Chingari as Brand Ambassador following the launch of its crypto token.
Tuesday, 19/10/2021 | 15:28 GMT
by
Finance Magnates Staff
News
MAS and RBI to Link Singapore’s PayNow and India’s UPI
The linkage between PayNow and UPI will enable users to execute instant and low-cost fund transfers.
Tuesday, 14/09/2021 | 10:31 GMT
by
Bilal Jafar
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Exchanges
Crypto Exchange CrossTower Opens Its First Branch in India
The firm hired 150 people in the initial launch with expectations to expand it further.
Tuesday, 07/09/2021 | 00:44 GMT
by
Felipe Erazo
Next
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