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UPI in India: Is It Better than Other Mobile Payments?

  • It processed $133 billion in transactions in May 2022.
  • The network is also expanding internationally.
Monday, 27/06/2022 | 10:26 GMT by Arnab Shome
CryptoCurrency

Crypto Exchanges in India Explore P2P Payments to Bypass UPI

  • A crypto exchange official said that 'there is no violation of any regulation or law'.
  • Bank transfers in exchange for crediting clients' wallets is also being considered.
Monday, 18/04/2022 | 07:29 GMT by Matti Williamson
CryptoCurrency

CoinSwitch and WazirX Disable Cryptocurrency Deposits via Rupee Using UPI

  • Bank transfers through NEFT/RTGS/IMPS were disabled on CoinSwitch.
  • An Indian Parliament member insists that the crypto tax should be raised to 50%.
Wednesday, 13/04/2022 | 07:53 GMT by Matti Williamson
CryptoCurrency

Coinbase Halts UPI Deposits in India Following the NPCI Statement

  • 'Currently unavailable' error is displayed when users in India are attempting to deposit.
  • Local reports are suggesting India may not announce crypto regulations anytime soon.
Sunday, 10/04/2022 | 15:09 GMT by Matti Williamson
CryptoCurrency

Mixed Reactions Trail India’s Passage of 30% Crypto Tax Law

  • Finance Minister says the government is taxing crypto because people are profiting from it.
  • The crypto taxes will come into effect on April 1 while the TDS will start on July 1.
Friday, 25/03/2022 | 21:29 GMT by Solomon Oladipupo
News

India’s Niyo Raises $100 Million in Series C Funding Round

  • Niyo is a neo-banking platform based in India.
  • The investment round was led by Accel & Lightrock India.
Friday, 25/02/2022 | 11:01 GMT by Bilal Jafar
Regulation

Indian Ads Regulator Brings Strict Guidelines for Crypto Promotions

  • Ads cannot compare cryptos and other regulated assets.
  • References of returns within the past 12 months cannot be made.
Wednesday, 23/02/2022 | 10:01 GMT by Arnab Shome
CryptoCurrency

RBI Governor Shaktikanta Das Warns Crypto Is ‘Not Even a Tulip'

  • Shaktikanta Das has warned locals against investing in crypto
  • The Governor of India’s Central Bank said that cryptos have no underlying value
Sunday, 13/02/2022 | 11:00 GMT by Nicholas Otieno
FinTech

Revolut Acquires India’s Arvog Forex as Expansion Plans Accelerate

  • The acquisition provides a quick way for Revolut to expand its services in India
  • The fintech has already pumped over $45 million into the Indian market
Sunday, 13/02/2022 | 08:29 GMT by Nicholas Otieno
Regulation

The Indian Central Bank Warns against Unregulated FX Trading Platforms

  • Offshore forex platforms are targeting Indians with aggressive ad campaigns.
  • The regulator is trying to curb the deposits to these unregulated platforms.
Friday, 04/02/2022 | 06:58 GMT by Arnab Shome
CryptoCurrency

India’s 30% Crypto Tax: Good or Bad?

  • The tax rate is on par with gambling and lottery.
  • Indian traders with a cent in crypto profits will now have to pay tax and file returns.
Thursday, 03/02/2022 | 12:42 GMT by Arnab Shome
News

India to Tax Crypto Gains at 30%, No Exemption Is Allowed

  • There will be a 1 percent tax deductible at source (TDS) for all transactions.
  • The central bank is also planning to launch a digital currency.
Tuesday, 01/02/2022 | 08:01 GMT by Arnab Shome
News

Raids on Six Indian Crypto Exchanges Uncovered $9.4M in Unpaid Taxes

  • WazirX alone evaded $6 million in taxes.
  • The tax authorities will intensify their searches in the coming months.
Monday, 03/01/2022 | 06:59 GMT by Arnab Shome
News

Zwipe Partners with Easy Pay and KL HI-TECH to Pilot Biometric Payment Cards

  • The companies are planning to introduce an efficient payment experience in India.
  • Payment cards will be commercially launched by summer 2022.
Monday, 27/12/2021 | 09:15 GMT by Bilal Jafar
News

India’s Razorpay Receives $375 Million in Series F Round

  • The company’s valuation hits $7.5 billion.
  • The round was co-led by Lone Pine Capital, Alkeon Capital and TCV.
Tuesday, 21/12/2021 | 13:08 GMT by Bilal Jafar
News

Indian Crypto Bill Proposes Jail Term for Rule Violations

  • The bill is expected to be tabled for voting in the coming days.
Tuesday, 07/12/2021 | 13:25 GMT by Arnab Shome
News

India Bans Cricket Teams from Engaging in Deals with Crypto Exchanges

  • The Board of Control for Cricket (BCC) in India enacted the order.
Tuesday, 30/11/2021 | 16:28 GMT by Felipe Erazo
Regulation

India’s Minister Says There Are No Plans to Recognize Bitcoin as Currency

  • Sitharaman confirmed that the government does not collect data on crypto transactions.
Monday, 29/11/2021 | 15:37 GMT by Felipe Erazo
Regulation

India’s Government Seeks to Ban Private Cryptocurrencies with a New Bill

  • The next session of parliament starts on November 29 where the bill will be discussed.
Tuesday, 23/11/2021 | 20:37 GMT by Felipe Erazo
Regulation

India Might Classify Crypto Exchanges as e-Commerce Platforms

  • The exchanges will likely fall under the GST regime of the country.
Wednesday, 17/11/2021 | 07:25 GMT by Arnab Shome
FinTech

Paytm Gets Green Light from Regulators to Launch IPO

  • The IPO is set to be the biggest ever held in India.
Friday, 22/10/2021 | 17:23 GMT by Felipe Erazo
Regulation

Indian Regulator Bans Advisors from Dealing with Unregulated Assets

  • The warning came when retail crypto investments in the country have been skyrocketing.
Friday, 22/10/2021 | 11:38 GMT by Arnab Shome
Thought Leaders

Chingari Launches India’s First Crypto Social Token $GARI

  • Salman Khan joins Chingari as Brand Ambassador following the launch of its crypto token.
Tuesday, 19/10/2021 | 15:28 GMT by Finance Magnates Staff
News

MAS and RBI to Link Singapore’s PayNow and India’s UPI

  • The linkage between PayNow and UPI will enable users to execute instant and low-cost fund transfers.
Tuesday, 14/09/2021 | 10:31 GMT by Bilal Jafar
Exchanges

Crypto Exchange CrossTower Opens Its First Branch in India

  • The firm hired 150 people in the initial launch with expectations to expand it further.
Tuesday, 07/09/2021 | 00:44 GMT by Felipe Erazo
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