India

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India CBDC Insider Reveals Current Stance of Country's Central Bank
India’s central bank is weighing CBDC privacy technology and crypto tax is not part of its domain, a senior official told CoinDesk.
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India Keeps Stiff Taxes on Crypto as Interim-Budget Is Revealed in Election Year
Expectations were low for a change in the stiff taxes on crypto transactions: a 30% tax on profits and a 1% TDS on all transactions.
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India flag (Shutterstock)
Binance, KuCoin, Other Exchanges, Served Notice by Indian Government Removed From Apple’s App Store
Binance, KuCoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global and Bitfinex were sent showcause notices by the Indian government.
India flag (Shutterstock)

Shaktikanta Das, Governor, Reserve Bank of India (left) and Nirmala Sitharaman, Indian Finance Minister at the G20 Annual Meetings, in Washington DC in October 2022. (Indian Ministry of Finance)
India's Digital Rupee Crossed a Million Transactions in 1 Day With Some Help From Banks
The retail CBDC pilot is active in more than 15 cities with more than a dozen banks participating.
Shaktikanta Das, Governor, Reserve Bank of India (left) and Nirmala Sitharaman, Indian Finance Minister at the G20 Annual Meetings, in Washington DC in October 2022. (Indian Ministry of Finance)

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India's Local Crypto and Web3 Advocacy Body Asked for Action Against Offshore Entities: Source
Bharat Web3 Association's (BWA) Chairman wrote the letter to the Indian government on Dec. 16.
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India to Block URLs of 9 Offshore Exchanges Including Binance After Issuing Compliance 'Show Cause' Notices
Binance, KuCoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global and Bitfinex are the nine exchanges.
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The Sandbox Wants to Make India Its Largest Market Within the Next Two Years
The Sandbox Wants to Make India Its Largest Market Within the Next Two Years
The Sandbox's SAND token has risen about 40% in the past month, as CoinDesk reports the metaverse platform is planning to make India its largest market within the next 2 years...
The Sandbox Wants to Make India Its Largest Market Within the Next Two Years

How Upcoming Elections Around the World Could Impact the Crypto Industry
How Upcoming Elections Around the World Could Impact the Crypto Industry
As 2023 comes to an end, CoinDesk managing editor for global policy and regulation Nikhilesh De looks ahead to the upcoming elections in the United States, European Parliament...
How Upcoming Elections Around the World Could Impact the Crypto Industry

Animation of The Sandbox and BharatBox (Courtest: BharatBox)
The Sandbox Aims to Make India Its Largest Market
The Sandbox's partnership with CoinDCX and Okto could make India its largest market.
Animation of The Sandbox and BharatBox (Courtest: BharatBox)

What India's Controversial Crypto Tax Means for Investors
What India's Controversial Crypto Tax Means for Investors
India introduced a 30% tax on crypto profits and the 1% TDS on all transactions in July, 2022, resulting in traffic taking a nosedive and many exchanges going into survival mo...
What India's Controversial Crypto Tax Means for Investors