Indian government on cryptocurrency

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Govt Banning All Crypto Exchanges Again - Is This The End Of Crypto In India
The crypto industry in India anticipates a more balanced and forward-looking taxation system. The current 1% TDS on transactions and lack of. Cryptocurrency exchanges like Binance, Kraken, Kucoin and others were banned in India by the FIU. The Director FIU IND wrote to the Secretary of. In March, India's Finance Ministry mandated that crypto businesses will have to register with the FIU, the country's anti-money laundering unit.

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calendar_month 29.06.2020

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In contrast, the stance of the government towards VDAs, which was to become clearer once the proposed bill titled The Cryptocurrency and Regulation of Official Digital Currency Bill, became available to the public, is still awaited. These changes can be summarised as follows:. Panda Law.