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Finance Ministry

Indian President Droupadi Murmu (fourth from right), Finance Minister Nirmala Sitharaman (third from right), Ajay Seth, Economic Affairs Secretary (fifth from right), and other minister before presentation of budget. (DD News)
Policy
Regulations
India to Release Its Crypto Policy Stance by September After Stakeholder Consultations: Report
“The policy stance is how does one consult relevant stakeholders, so it is to come out in the open and say here is a discussion paper these are the issues and then stakeholder...
Indian President Droupadi Murmu (fourth from right), Finance Minister Nirmala Sitharaman (third from right), Ajay Seth, Economic Affairs Secretary (fifth from right), and other minister before presentation of budget. (DD News)
By Amitoj Singh
Jul 25, 2024 at 7:29 a.m. UTC
Jul 25, 2024
RegulationsIndiaTaxFinance MinistryLegislation
Indian President Droupadi Murmu (fourth from right), Finance Minister Nirmala Sitharaman (third from right), Minister of State for Finance Pankaj Chaudhary (fifth from right) before the budget presentation. (DD News)
Policy
Regulations
India Keeps Controversial Crypto Tax Rules Unchanged, Finance Minister's Budget Speech
The budget is the first since Prime Minister Narendra Modi was elected for a third straight term.
Indian President Droupadi Murmu (fourth from right), Finance Minister Nirmala Sitharaman (third from right), Minister of State for Finance Pankaj Chaudhary (fifth from right) before the budget presentation. (DD News)
By Amitoj Singh
Jul 23, 2024 at 7:08 a.m. UTC
Jul 23, 2024
RegulationsIndiaFinance MinistryNirmala SitharamanNarendra ModiCryptoBudgetTax
Finance Minister Nirmala Sitharaman (center) (Indian Ministry of Finance)
Policy
Regulations
India Unlikely to See Crypto Tax Reduction in Tuesday's Budget
An unexpected election result and last week's $230 million hack of crypto exchange WazirX appear to have dented any hopes of a reduction in the tax.
Finance Minister Nirmala Sitharaman (center) (Indian Ministry of Finance)
By Amitoj Singh
Jul 22, 2024 at 9:41 a.m. UTC
Jul 22, 2024
RegulationsIndiaBudgetNirmala SitharamanFinance MinistrytaxesCryptoNarendra Modi
Binance (Nikhilesh De/CoinDesk)
Policy
Regulations
Binance Fined $2.2M by India’s Financial Intelligence Unit
Binance became the first offshore crypto-related entity, along with KuCoin, to be approved by India’s Financial Intelligence Unit (FIU) in May, conditional to paying a penalty...
Binance (Nikhilesh De/CoinDesk)
By Amitoj Singh
Jun 20, 2024 at 5:11 a.m. UTC
Jun 20, 2024
RegulationsBinanceIndiaCryptoFinance Ministry
(Shutterstock)
Policy
Regulations
Instant Settlement Needed to Compete With Crypto, India's Markets Regulator Says
If traditional regulated markets cannot also offer tokenization and instantaneous settlement, investors could move to crypto, SEBI Chief Madhabi Puri Buch said.
(Shutterstock)
By Amitoj Singh
Mar 13, 2024 at 10:09 a.m. UTC
Mar 13, 2024
RegulationsSEBIIndiaFinance MinistryCryptoSettlements
India flag (Shutterstock)
Policy
Regulations
Binance, KuCoin, Other Exchanges, Served Notice by Indian Government Removed From Apple’s App Store
Binance, KuCoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global and Bitfinex were sent showcause notices by the Indian government.
India flag (Shutterstock)
By Amitoj Singh
Jan 10, 2024 at 7:08 a.m. UTC
Jan 10, 2024
RegulationsBinanceKuCoinOKXCryptoExchangesFinance MinistryIndiaApple
New Delhi, India (Unsplash)
Policy
Regulations
India's Local Crypto and Web3 Advocacy Body Asked for Action Against Offshore Entities: Source
Bharat Web3 Association's (BWA) Chairman wrote the letter to the Indian government on Dec. 16.
New Delhi, India (Unsplash)
By Amitoj Singh
Dec 29, 2023 at 3:49 p.m. UTC
Dec 29, 2023
RegulationsIndiaFinance MinistryCryptoBinanceKuCoinHuobiTaxComplianceExclusive
(L-R) Shaktikanta Das, Governor, Reserve Bank of India and Nirmala Sitharaman, Indian Finance Minister at the G20 Annual Meetings, in Washington DC in October 2022. (Indian Ministry of Finance)
Policy
Regulations
India to Block URLs of 9 Offshore Exchanges Including Binance After Issuing Compliance 'Show Cause' Notices
Binance, KuCoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global and Bitfinex are the nine exchanges.
(L-R) Shaktikanta Das, Governor, Reserve Bank of India and Nirmala Sitharaman, Indian Finance Minister at the G20 Annual Meetings, in Washington DC in October 2022. (Indian Ministry of Finance)
By Amitoj Singh
Dec 28, 2023 at 4:39 p.m. UTC
Dec 28, 2023
RegulationsIndiaCryptoFinance MinistryBinanceKuCoinHuobi
(Shutterstock)
Policy
Regulations
28 Indian Crypto Service Providers Have Registered With Country’s Anti-Money Laundering Unit
In March, India's Finance Ministry mandated that crypto businesses will have to register with the Financial Intelligence Unit (FIU).
(Shutterstock)
By Amitoj Singh
Dec 4, 2023 at 12:24 p.m. UTC
Dec 4, 2023
RegulationsIndiaFinance MinistryParliamentCryptoKYC
(L-R) Shaktikanta Das, Governor, Reserve Bank of India and Nirmala Sitharaman, Indian Finance Minister at the G20 Annual Meetings, in Washington DC in October 2022. (Indian Ministry of Finance)
Policy
Regulations
India Will Decide on Its Crypto Stance in Coming Months
India's individual position on crypto has been under further scrutiny since it steered the G20 towards endorsing a global framework for crypto.
(L-R) Shaktikanta Das, Governor, Reserve Bank of India and Nirmala Sitharaman, Indian Finance Minister at the G20 Annual Meetings, in Washington DC in October 2022. (Indian Ministry of Finance)
By Amitoj Singh
Sep 11, 2023 at 7:26 a.m. UTC
Sep 11, 2023
RegulationsIndiaCryptoFinance MinistryG20