cryptocurrencies

Over seven per cent of Indians owned digital currency in the form of cryptocurrency in 2021, the United Nations trade and development body UNCTAD revealed. UNCTAD highlighted that the use of cryptocurrencies globally, including the…

After a gut-wrenching bout of turbulence and existential angst, digital-asset investors are back to focusing on the mood of the US stock market as a gauge of whether the worst might be over. Stocks are mostly up over the last few weeks…

NEW YORK: Bitcoin rebounded after a brief sell-off late on Wednesday sparked by news that electric carmaker Tesla Inc had sold about 75% of its holdings of the virtual token. Tesla Chief Executive Elon Muskcited concerns about his…

NEW DELHI: Finance minister Nirmala Sitharaman on Monday said the RBIhas expressed concerns over cryptocurrencies saying that they should be prohibited as they can have destabilising effect on the monetary and fiscal stability. "In view…

Mumbai: It’s a triad of negative factors, and not only the new rules relating to crypto currencies that kicked in on July 1, that’s giving jitters to crypto investors and driving some out of the market. Veterans of the trading space…

MUMBAI: The Reserve Bank of India (RBI) has said that the banking system is sound and the economy is on the path to recovery, and the threats to the country are largely from global spillovers and geopolitical tensions. RBI governor …

Reserve Bank of India (RBI) Governor Shaktikanta Das said on Thursday that cryptocurrencies are a clear danger to the financial systems, adding that we must be mindful of the emerging risks on the horizon. In the RBI's annual 'Financial…

The Reserve Bank of India said the advancement in fintechs has helped take finance to remote corners and the poor of the nation, but the financial system has to be guarded from its potential to cause instability, signaling its intention…

NEW DELHI: A majority of Indians want the government to levy a 28% or higher goods and services tax (GST) on cryptocurrencies, online gaming, casino and horse racing. But they are against a GST hikeon household goods. Nearly eight out…

The income tax department has come out with detailed disclosure requirements for TDS deductions for virtual digital assets, under which date of transfer and mode of payment will have to be specified. From July 1, tax deducted at source…