India, under its ongoing G20 Presidency, is spearheading the process of formulating crypto laws that would work uniformly on an international level and make the sector safer against crimes and misuse. In a fresh development, Indian finance minister Nirmala Sitharaman has disclosed that the three-month period between April and July will be crucial in giving … Read more
The crypto community in India is set to surpass the US, UK, Russia, and Japan in terms of adoption this year. As per a recent report by Statista, India’s crypto community is expected to envelop over 156 million users by the end of 2023. The lack of a uniform and high yielding banking system is … Read more
Giottus, a home-grown crypto exchange based in Chennai, has decided to keep a ‘zero-risk approach’ in India, where crypto companies find themselves in trouble with the law time and again. WazirX, for instance, was recently served a show cause notice to justify crypto transactions worth Rs. 289.28 crores carried via its accounts. The government of … Read more
France is moving ahead in terms of structuring and lightning the crypto industry to fit well with its existing financial system. In a fresh development, France’s National Assembly voted and passed stricter rules that would be enforced on crypto firms, that are seeking an entry into France’s crypto market. In the coming days, these rules … Read more
India has welcomed the International Monetary Fund (IMF)’s aid in its quest to formulate crypto laws that would work on an international level. The development has been confirmed by Ajay Seth, Secretary of India’s Department of Economic Affairs. India took over the presidency of the G20 group of nations in December last year. The countries … Read more
Australia, in a bid to protect its crypto investors from financial risks, has devised a three-stage plan. Australian government’s new plan aims to bring laws to govern crypto token mapping, strengthen legal oversight on crypto transactions, and ensure crypto user protection. The three-point plan seeks to further regulate the cryptocurrency sector in the country. The … Read more