Category: India crypto bill

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Indian Finance Minister Pushes for International Cooperation on Crypto Regulation — Discusses Awareness Campaign

February 23, 2023

Indian Finance Minister Nirmala Sitharaman has stressed the importance of international cooperation in order to regulate the crypto sector. She also confirmed that Indian regulators’ crypto awareness campaign will continue to alert people about the risks of investing in crypto. Indian Finance Minister on Crypto Regulation, Bill, and Awareness Campaign India’s finance minister, Nirmala Sitharaman,…
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India to Impose Ban on Crypto Payments, Deadline for Declaring Crypto Assets, KYC Rules: Report

December 8, 2021

The Indian government has reportedly proposed banning the use of cryptocurrency for payments and setting a deadline for investors to declare their crypto holdings. Violators may be arrested without a warrant and held without bail. In addition, the crypto bill may call for a uniform know-your-customer (KYC) process for all crypto exchanges. Proposed Rules in…
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India to regulate, not ban, crypto: Cabinet documents

December 3, 2021

Indian crypto investors will reportedly be given a certain time frame to declare their crypto holdings, and must then hold their assets on crypto exchanges regulated by SEBI. According to reports from local media, the Indian government will not move for an outright ban on crypto and will instead regulate the sector. On Nov. 23,…
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