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CRYPTOCURRENCY TRANSACTIONS MONITORING
Parliamentary panel may recommend stricter monitoring of crypto transactions in IndiaA committee in Parliament is in the process of exploring the legal avenues for regulating cryptocurrency transactions and assets within Ind...- Govt left with a losing hand as offshore RMG sites find a cheat codeMultiple users on social media platforms like X continue to complain that their money is stuck on offshore platforms such as Parimatch, 1Xb...
- Cash no king, but don't stash it: India wants a digital economy, but cash still holds the power of choiceDespite government promotion of digital transactions like UPI and e-Rupee, cash remains prevalent, especially in rural areas and for large-...
- Binance gave Moscow client details used to charge Russian over Ukraine donations, documents showWhile it is normal for companies like Binance to comply when law enforcement agencies in countries where they operate make legitimate reque...
- Ethereum surged significantly in 11 years. What's next for the second-largest cryptocurrency?Completing 11 years since its 2015 launch, Ethereum has evolved from a $2.77 asset into the backbone of Web3 and DeFi. With institutional b...
- Crypto exchanges to collect tax residency, ID details of users under new CBDT frameworkIndia now requires crypto exchanges to collect user tax residency details. Digital asset intermediaries must share transaction data annuall...
- Explainer: How the Clarity Act could transform crypto regulation in the USU.S. Senate Republicans have introduced the long-awaited Clarity Act, a landmark bill aimed at creating a comprehensive regulatory framewor...
- Rs 437 crore tax collection: For crypto traders, evading income tax is getting difficult as Tax Dept uses AI, data analytics toolsThe Income Tax Department is intensifying its scrutiny of cryptocurrency transactions. They are using AI and data analytics to detect tax e...
- Intel agency pins 'suspicion' of crypto being used for terror financing, drugs trafficking in IndiaA federal financial intelligence unit in India suspects that cryptocurrency is being used for serious criminal activities such as terrorist...
- How global crypto exchanges database aims to transform crypto regulationThe objective is to monitor and curb the use of cryptocurrencies in illegal activities like crime and money laundering. The goal is to augm...
- The future of cryptocurrencies and its legalisation in IndiaA report from Statista shows that the Indian cryptocurrency market is likely to touch $222.70 million by 2023 making it crystal clear that ...
- Integrating cryptocurrency payments: A comprehensive guide for businessesAs businesses embrace the digital revolution, the potential benefits of incorporating cryptocurrencies are becoming increasingly evident.
- WazirX blocked 2,431 accounts in past six monthsDuring the October-March duration, the cryptocurrency exchange received 431 requests from law enforcement agencies, against a total transac...
- About Cryptos, OECD gets less crypticThe Reserve Bank of India (RBI) is readying pilots ahead of the launch of its own digital currency. The scope for tax evasion could diminis...
- Russia's Sberbank executes first digital asset issue on its platformSberbank, which received its licence in March, said in a statement that digital assets are issued on its platform using blockchain technolo...
- Russia to improve crypto transaction monitoring as regulation draws closerThe Bank of Russia has long voiced scepticism over cryptocurrencies, citing financial stability concerns, and has advocated for a complete ...
- Full ban or limited nod? India confronts a cryptocurrency Catch-22Several finance ministry officials, the RBI, tax departments and investigating agencies including the Financial Intelligence Unit (FIU) hav...
- Crypto bill to give power to Sebi, RBI, taxman to scrutinise KYC data of exchangesGovernment could also put in place a uniform KYC process for exchanges
- Chinese banks promise to step up cryptocurrency banChina's biggest banks have promised to refuse to help customers trade Bitcoin and other cryptocurrencies after the central bank said execut...
- Buying bitcoin? SBI Card may soon ban customers from purchasing cryptocurrenciesThe RBI has been periodically issuing notifications cautioning various stakeholders regarding the risks of virtual currencies.
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