Recent years have seen a sharp increase in the acceptance and popularity of cryptocurrencies, resulting in a thriving market with enormous potential. However, a complex network of tax laws and high tax rates have been impeding the growth and innovation…
Reserve Bank of India Gives a Serious Warning to Indian Crypto Enthusiasts
A severe warning has just been issued to everyone in India who invests in cryptocurrency by Reserve Bank of India governor Shaktikanta Das. He wants people to be aware that investing in these virtual currencies has some extremely high dangers.…
Supreme Court of India Asks Union Government’s Input on Crypto
The union government informed the Supreme Court on January 20 that they had not yet decided on a framework for regulating cryptocurrencies and thoroughly investigating any offenses associated with them. The bail request of Ganesh Shiv Kumar Sagar, who was…
Probe Confirms Money Moved Back to India via Hawala Network: Himachal Crypto Scam
The Special Investigation Team of Himachal Pradesh police completed their investigation in the crypto scam, and a charge sheet was created. It is a list of accusations made against the individuals they believe were responsible for the fraud. The prosecution…
Indian State, Uttar Pradesh Spearheads Innovation by granting Funding for 100+ AI and Blockchain Research Projects
Technology in Uttar Pradesh is being promoted by the Department of Science and Technology. More than 100 relevant research projects, including those involving blockchain technology and artificial intelligence, have recently been approved. These programs are overseen by prestigious universities including…
Scammers Exploit Charity to Perpetrate $250 millions (₹2,000 Crore) Fraud in Himachal – India
The special police squad continued to investigate and discovered that the fraud had an estimated value of ₹2,000 crore. This team is now requesting support from the income tax department and the Ministry of Finance’s Financial Intelligence Unit. Their goal…
Ava Labs Expands in India with Strategic Hires to Accelerate Growth
Ava Labs, a leading blockchain platform, is making significant strides in its expansion efforts in India by bringing onboard key strategic hires, Devika Mittal and Kamakshi Arjun. This strategic move aims to further strengthen Ava Labs’ presence and drive growth…
Police and government employees among victims of a crypto scam in Himachal Pradesh, India
Over one thousand police personnel were duped by a cunning cryptocurrency fraud in the Mandi region of Himachal Pradesh. Both Korvio Coin and DGT Coin were the official names of this hoax. It deceived several law enforcement officials into parting…
Crypto Unicorn’s Outlook Brightens in India as Tax Relief on the Horizon
The Indian crypto community is facing a serious issue because of the hefty taxes. For them, trading digital assets is extremely difficult due to these levies. The industry is being prevented from expanding by these levies, which is even worse.…