"cryptocurrencies"

India and Switzerland already have an automatic exchange of information framework in place for bank accounts and other financial assets held by Indians in Switzerland, and vice versa

RBI Governor Sanjay Malhotra said the central bank is concerned about cryptocurrencies as it can hamper financial stability

Originating in China, the pig-butchering scams have gone on to target scores of individuals seeking companionship on social media platforms and dating apps world over.

Cryptocurrencies are blockchain-based digital or virtual currencies which operate independently of a central bank

Twitter has partnered with Israel-based social trading company eToro, which will allow users to access stocks, cryptocurrencies

The roundtable was attended by a diverse set of investors, including senior executives, private sector business leaders, venture capitalists, institutional investors, and representatives of pension and endowment funds.

United Nations: The UN Conference on Trade and Development (UNCTAD) called for action to curb cryptocurrencies in developing countries in three policy briefs. While private digital currencies have rewarded some, and facilitate remittances, they are an unstable financial asset that can also bring social risks and costs, the UN trade and development body warned on Wednesday. […]

New Delhi: Bitcoin on Sunday witnessed another round of free fall, slipping below $35,000 per coin, as the global crypto market went through a massive slump of over 4.5 per cent in the past 24 hours to $1.66 trillion. All cryptocurrencies were weighed down as central banks globally tried to control inflation by raising interest rates. […]

New Delhi: After serious concerns were raised on cryptocurrencies and their misuse for money laundering and hawala-based transactions by terror groups and criminals, a new report has claimed that money laundering through the buying and selling of non-fungible tokens (NFTs) is becoming a growing sector. According to a report by Blockchain data platform Chainalysis, they […]

Soon after presenting her shortest Budget speech yet that lasted for some 92 minutes, Finance Minister Nirmala Sitharaman addressed the media, directly. There were no opening statements. Sitharaman’s fourth Budget in a row neither tinkered with tax slabs nor raised the standard deduction, which was widely expected in view of elevated inflation levels and the […]

New Delhi: Giving clarity on taxation of cryptocurrencies and other virtual assets, Finance Minister Nirmala Sitharaman on Tuesday proposed a 30 per cent tax on income from transactions in such assets. Also, to bring such assets under the tax net, she proposed a 1 per cent TDS (tax deducted at source) on transactions in such […]

San Francisco/New Delhi: The banking regulators in the US have announced a plan to clarify the rules and regulations around how banks can use cryptocurrencies over the next year, at a time when governments the world over, including India, are weighing the risks associated with cryptocurrencies and safeguard investors. The Board of Governors of the […]

New Delhi: The government is likely to bring a bill in the ensuing winter session of Parliament to bar all but a few private cryptocurrencies and create a framework to regulate digital currency issued by the RBI. The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, is listed for introduction in the Lok Sabha […]

New Delhi: Indian business tycoon Anand Mahindra said that he has not invested a “single rupee” in cryptocurrencies. The billionaire shared some screen grabs which claimed that he has made tons of money using a cryptocurrency investment platform. The screenshots of the report stated that he made money using a crypto coins auto-trading programme Bitcoin Era. […]

With the Reserve Bank of India (RBI) taking a rather tough stand on cryptocurrencies, a question mark hangs over the fate of the unregulated virtual currency market. When RBI Governor Shaktikanta Das dubbed the cryptocurrencies as a threat to the financial system, at least till they are regulated, he was echoing the concerns raised by […]

Crypto cannot be a currency because the fundamental element of a currency — that it should be a legal tender — is missing in this case

There are some significant challenges inherent in dealing with cryptocurrencies

The number of unique modifications of Miners (malicious programs) more than quadrupled from 3,815 to 16,934 in Q1 2021.

The RBI had first come out with a circular on the issue in 2018, cautioning people about investing in cryptocurrencies, which do not have any sovereign character.

"Support for hardware wallets provides Galaxy blockchain with a consistent user experience of managing crypto assets from one convenient location," Samsung said.