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FinTech
Revolut Acquires India’s Arvog Forex as Expansion Plans Accelerate
2022-02-13T10:29:34.248+02:00
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
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Regulation
The Indian Central Bank Warns against Unregulated FX Trading Platforms
2022-02-04T08:58:32.284+02:00
Offshore forex platforms are targeting Indians with aggressive ad campaigns.
The regulator is trying to curb the deposits to these unregulated platforms.
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CryptoCurrency
India’s 30% Crypto Tax: Good or Bad?
2022-02-03T14:42:56.392+02:00
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.
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News
India to Tax Crypto Gains at 30%, No Exemption Is Allowed
2022-02-01T10:01:04.219+02:00
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.
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News
Raids on Six Indian Crypto Exchanges Uncovered $9.4M in Unpaid Taxes
2022-01-03T08:59:39.176+02:00
WazirX alone evaded $6 million in taxes.
The tax authorities will intensify their searches in the coming months.
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Zwipe Partners with Easy Pay and KL HI-TECH to Pilot Biometric Payment Cards
2021-12-27T11:15:41.853+02:00
The companies are planning to introduce an efficient payment experience in India.
Payment cards will be commercially launched by summer 2022.
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India’s Razorpay Receives $375 Million in Series F Round
2021-12-21T15:08:41.889+02:00
The company’s valuation hits $7.5 billion.
The round was co-led by Lone Pine Capital, Alkeon Capital and TCV.
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Bilal Jafar
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Indian Crypto Bill Proposes Jail Term for Rule Violations
2021-12-07T15:25:00.956+02:00
The bill is expected to be tabled for voting in the coming days.
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News
India Bans Cricket Teams from Engaging in Deals with Crypto Exchanges
2021-11-30T18:28:00.000+02:00
The Board of Control for Cricket (BCC) in India enacted the order.
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Felipe Erazo
Regulation
India’s Minister Says There Are No Plans to Recognize Bitcoin as Currency
2021-11-29T17:37:00.000+02:00
Sitharaman confirmed that the government does not collect data on crypto transactions.
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Regulation
India’s Government Seeks to Ban Private Cryptocurrencies with a New Bill
2021-11-23T22:37:04.000+02:00
The next session of parliament starts on November 29 where the bill will be discussed.
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Regulation
India Might Classify Crypto Exchanges as e-Commerce Platforms
2021-11-17T09:25:40.000+02:00
The exchanges will likely fall under the GST regime of the country.
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FinTech
Paytm Gets Green Light from Regulators to Launch IPO
2021-10-22T19:23:03.000+02:00
The IPO is set to be the biggest ever held in India.
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Regulation
Indian Regulator Bans Advisors from Dealing with Unregulated Assets
2021-10-22T13:38:26.000+02:00
The warning came when retail crypto investments in the country have been skyrocketing.
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Thought Leaders
Chingari Launches India’s First Crypto Social Token $GARI
2021-10-19T17:28:09.000+02:00
Salman Khan joins Chingari as Brand Ambassador following the launch of its crypto token.
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News
MAS and RBI to Link Singapore’s PayNow and India’s UPI
2021-09-14T12:31:01.000+02:00
The linkage between PayNow and UPI will enable users to execute instant and low-cost fund transfers.
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Exchanges
Crypto Exchange CrossTower Opens Its First Branch in India
2021-09-07T02:44:47.000+02:00
The firm hired 150 people in the initial launch with expectations to expand it further.
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Felipe Erazo
News
India Plans to Launch CBDC Pilot by December 2021
2021-08-27T12:22:48.000+02:00
The Reserve Bank of India is studying various aspects of digital currencies.
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Bilal Jafar
Retail FX
Indian Stock Exchanges Warn against Unregulated CFDs, Binary Options
2021-08-24T11:52:25.000+02:00
Many foreign brokers are offering CFDs and binary options under their offshore licenses.
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Arnab Shome
News
Indian Fintech Platform Slice Secures $20 Million in Funding
2021-06-28T11:28:35.000+02:00
Gunosy and Blume Ventures participated in the latest funding round.
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Bilal Jafar
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News
Indian Crypto Investments Grew 19,900% in 12 Months Despite Regulatory Issues
2021-06-28T11:22:20.000+02:00
18 to 35-year-olds showed the most interest in cryptocurrency investments in India.
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News
Payments Firm FamPay Raises $38 Million
2021-06-17T14:58:06.000+02:00
The Series A funding round was led by Elevation Capital.
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Regulation
India Is Reportedly Reviewing Proposed Bill to Ban Crypto
2021-06-16T14:28:13.000+02:00
The government is in discussion with regulators and other stakeholders too.
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Regulation
India Is Reportedly Considering to Label Bitcoin as an Asset
2021-06-10T13:52:41.000+02:00
If confirmed, the securities market regulator will oversee Bitcoin, not the central bank.
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Regulation
Indian Central Bank Issues Statement as Local Banks Caution against Cryptos
2021-05-31T18:15:46.000+02:00
The RBI said its circular "DBR.No.BP.BC.104/08.13.102/2017-18" dated April 06, 2018 cannot be cited.
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