Browsing: Crypto Regulation
RBI Governor Sanjay Malhotra said India supports blockchain and tokenisation but remains cautious about cryptocurrencies over risks to monetary policy, currency control and capital flows. He identified central bank digital currencies as a possible option for improving cross-border payments.
Top 10 Regulatory Risks Facing Crypto Investors in India Amid Tighter Tax Rules and a Pending Parliamentary Report
India’s 30% crypto tax and 1% TDS are reshaping trading activity, with many users moving to offshore platforms. WazirX VP Rajagopal Menon says tax policy may influence India’s crypto market more than new regulation over the next year.
A federal jury convicted Brent Kovar of running a $24 million crypto Ponzi scheme through Profit Connect. Prosecutors said the company used false AI mining claims and fixed-return promises to defraud at least 400 investors.