Cryptocurrency India Weekly

Here are the top cryptocurrency news headlines from India this week:India’s crypto policy body does not plan legal challenge against RBI: https://www.coindesk.com/policy/2022/05/26/after-armstrong-tweet-indias-crypto-policy-body-says-no-contempt-of-court-challenge-vs-rbi/ ;New Finder’s report ranks India at number 1 for crypto adoption: https://www.outlookindia.com/business/india-tops-list-of-27-nations-surveyed-for-crypto-ownership-says-report-news-198943 ;RBI governor once again lashes out against crypto: https://www.news18.com/news/business/cryptocurrency/cryptocurrency-has-no-underlying-value-our-stance-clear-says-rbi-guv-know-more-5228755.html ;RBI proposes a graded approach for its CBDC: https://inc42.com/buzz/rbi-proposes-adopting-a-graded-approach-in-introducing-cbdc/ ;Cryptocurrencies a key focus at the World Economic Forum in Davos: https://www.ndtv.com/business/get-your-crypto-house-in-order-world-economic-forums-old-guard-tells-davos-debutantes-3014151 ;Binance APAC head calls for a better regulatory framework: https://inc42.com/buzz/binances-apac-head-calls-for-clear-regulatory-framework-in-india-to-attract-crypto-investments/ ;"Will Walk Cautiously Until Indian Govt Comes To Its Senses": Tim Draper On Investment Plans In Crypto Space: https://inc42.com/features/will-walk-cautiously-until-indian-govt-comes-to-its-senses-tim-draper-on-investment-plans-in-crypto-space/ ;CoinTracker enters India to help with tax compliance: https://inc42.com/buzz/crypto-platform-cointracker-enters-indian-market-to-help-with-tax-compliance/ ;Blockchain startup STAN raises $2.5 million: https://www.ndtv.com/business/blockchain-based-startup-stan-raises-2-5-million-3007214 ;Gather Network to launch its first commercial establishment in India: https://www.financialexpress.com/digital-currency/blockchain-based-gather-network-to-launch-its-first-commercial-establishment-in-india/2538326 ;CoinDCX launches ‘Earn’ feature that pays interest on crypto assets: https://www.livemint.com/companies/start-ups/coindcx-launches-earn-feature-that-pays-interest-on-crypto-assets-11653543660260.html ;Major Indian exchanges announce support for the Terra Network Airdrop and Migration plan;WazirX listed the Manchester City Fan Token (CITY) in its USDT market;Bitbns launches a crypto basics course on Unacademy;

Here are the top cryptocurrency news headlines from India this week;International crypto platforms may also be brought under GST ambit: https://www.fortuneindia.com/macro/govt-to-bring-foreign-crypto-platforms-under-gst/108274 ;RBI launches new offensive against crypto saying it could lead to dollarisation of Indian economy: https://timesofindia.indiatimes.com/business/cryptocurrency/blockchain/rbi-warns-crypto-can-lead-to-dollarisation-of-economy/articleshow/91672891.cms ;SEBI suggests celebrities should not endorse crypto: https://www.thehindubusinessline.com/money-and-banking/cryptocurrency/sebi-calls-for-no-celebrity-endorsement-of-cryptos/article65416520.ece ;Indian exchanges face valuation reality check amidst adverse markets: https://www.timesnownews.com/cryptonow/indian-crypto-exchanges-face-valuation-reality-check-amid-tougher-market-conditions-article-91683502 ;BitMEX enters the Indian market: https://economictimes.indiatimes.com/tech/technology/cryptocurrency-exchange-bitmex-launches-spot-trading-in-india/articleshow/91601317.cms ;Poloniex looking to expand in India: https://blockmanity.com/press-release-2/poloniex-looking-to-expand-in-india-collaborates-with-polygon-to-foster-web3-adoption/ ;Binance seeking an ideal point for India launch: https://www.coindesk.com/policy/2022/05/18/binance-seeking-ideal-point-for-india-launch/ ;TCS engages Tata group companies to deploy metaverse solutions: https://economictimes.indiatimes.com/tech/information-tech/tcs-engages-tata-group-companies-to-deploy-metaverse-solutions/articleshow/91580320.cms ;Eros Investments partners with Dubai’s crypto regulator: https://www.ndtv.com/business/indias-lulla-family-run-eros-investments-partners-with-dubais-crypto-regulator-2977159 ;Comic Con India enters the metaverse: https://www.financialexpress.com/digital-currency/now-comic-con-india-enters-the-metaverse/2530123/ ;WazirX releases the second edition of ‘Transparency Report’: https://wazirx.com/blog/over-95-of-crypto-associated-frauds-are-based-outside-the-blockchain-ecosystem-2nd-edition-of-wazirx-transparency-report/ ;CoinDCX has listed Klaytn (KLAY) on its platform.

Here are the top cryptocurrency news headlines from India this week:Cryptocurrencies likely to attract 28% GST: https://www.cnbctv18.com/cryptocurrency/cryptocurrencies-may-soon-attract-28-gst-like-betting-and-casinos-in-india-13418192.htm ;Critics call govt’s move to levy 28% GST on crypto ‘demonic: https://inc42.com/buzz/critics-call-govts-move-to-levy-28-gst-on-crypto-demonic/ ;Trading volumes on Indian exchanges rise amidst crashing crypto prices: https://economictimes.indiatimes.com/tech/technology/volumes-on-indian-crypto-exchanges-jump-as-bitcoin-crashes/articleshow/91493699.cms ;Crypto rout sends portfolios of most new investors in red: https://economictimes.indiatimes.com/tech/technology/trading-volumes-jump-in-india-as-bitcoin-crashes-to-30000/articleshow/91476472.cms ;Indian exchanges and investors in a tizzy after LUNA’s dramatic collapse: https://economictimes.indiatimes.com/markets/cryptocurrency/indian-exchanges-delist-luna-after-100-crash-in-token/articleshow/91540765.cms ; Crypto exchanges want clarity on TDS liability if they move operations outside India: https://economictimes.indiatimes.com/tech/technology/cryptocurrency-exchanges-want-clarity-on-tds-liability-if-they-move-operations-overseas/articleshow/91523701.cms ;Coinbase CEO says firm halted services due to informal RBI pressure: https://www.cnbctv18.com/cryptocurrency/coinbase-ceo-says-exited-india-crypto-market-in-three-days-due-to-informal-pressure-from-rbi-but-will-return-13446072.htm ;Sonam Kapoor invests in a metaverse gaming platform: https://inc42.com/buzz/sonam-kapoor-invests-in-gaming-startup-irreverent-labs-metaverse-platform-mechafightclub/ ;CoinDCX has launched its venture investment arm CoinDCX Ventures: https://inc42.com/buzz/crypto-unicorn-coindcx-launches-investment-arm-to-deploy-inr-100-cr-in-web3-ecosystem/ ;CoinSwitch Kuber lists Ethereum Name Service (ENS) and Chiliz (CHZ);WazirX lists League of Kingdoms (LOKA), BarnBridge (BOND) and Measurable Data Token (MDT) in its USDT market.

Here are the top cryptocurrency news headlines from India this week:Finance Ministry meets crypto industry: https://www.coindesk.com/policy/2022/05/05/indias-parliamentary-finance-body-chides-crypto-industry-in-meeting-sources/ ;DeFi comes under tax department’s scrutiny: https://inc42.com/buzz/amid-ongoing-uncertainty-in-crypto-industry-defi-comes-under-tax-departments-scrutiny/ ;Reward points and e-vouchers not in crypto tax ambit: https://economictimes.indiatimes.com/news/economy/finance/reward-points-e-vouchers-out-of-crypto-tax-ambit/articleshow/91299526.cms ;India brings new cyber security rules for crypto businesses: https://www.coindesk.com/policy/2022/05/02/india-includes-crypto-businesses-in-new-rules-for-cyber-security/ ;NSDL launches blockchain-based platform for security and covenant monitoring: https://inc42.com/buzz/nsdl-launches-blockchain-based-platform-for-security-and-covenant-monitoring/ ;Pantera Capital to increase focus on India: https://economictimes.indiatimes.com/tech/technology/pantera-capital-to-increase-india-focus-as-it-closes-crypto-blockchain-funds/articleshow/91342252.cms ;Zebpay lists Paris Saint-German (PSG), Juventus (JUV), Manchester City (CITY), FC Barcelona (BAR) and Alpine F1 team (ALPINE) fan tokens;CoinDCX lists Storj (STORJ), STEPN (GMT) and LCX;WazirX lists Biswap (BSW), Linear Finance (LINA) and REI Network (REI) in its USDT market;CoinSwitch Kuber lists Origin Protocol (OGN)

Here are the top crypto news headlines from India this week:Finance Minister Nirmala Sitharaman says crypto regulation will not be rushed: https://news.bitcoin.com/indias-decision-on-crypto-regulation-will-not-be-rushed-says-finance-minister/ ;Banks ask NPCI to provide clarity on usage of UPI by crypto exchanges: https://economictimes.indiatimes.com/tech/technology/top-banks-ask-npci-to-clarify-its-stance-on-upi-for-crypto/articleshow/91056087.cms ;Payments Council Of India says payment gateways avoiding crypto exchanges due to RBI’s reservations: https://inc42.com/buzz/payment-gateways-avoiding-crypto-exchanges-due-to-rbis-reservations-payments-council-of-india/ ;Flipkart targets Web3 opportunities through new Flipkart Labs division: https://www.livemint.com/technology/tech-news/flipkart-to-test-web-3-0-metaverse-expansion-11651153527184.html ;Coinbase CEO Brian Armstrong questions India’s ‘shadow ban’ on crypto: https://inc42.com/buzz/coinbase-ceo-raises-questions-indias-shadow-ban-on-crypto-trading/ ;Amesten Capital raises $9 million to focus on DeFi: https://inc42.com/buzz/web3-crypto-focused-investor-amesten-capital-bags-9-mn-to-focus-on-defi-finance-gaming-space/ ;Mumbai-based Revise Network raises $3.5 million: https://inc42.com/buzz/revise-network-raises-3-5-mn-to-help-nfts-interact-with-apps-and-data/ ;Unicas expands physical presence in India: https://inc42.com/buzz/crypto-banking-platform-unicas-physical-presence-india/ ;Newrl launches new solution to help startups tokenise their ESOPs: https://inc42.com/buzz/how-blockchain-startup-newrl-aims-to-help-startups-tokenise-their-esops/ ;WazirX lists BinaryX (BNS), ForTube Token (FOR) and Green Metaverse Token (GMT) in its USDT market;CoinDCX lists JasmyCoin (JASMY), MahaDAO (MAHA), and Audius (AUDIO);