Crypto investors seek clarity on reporting assets in I-T returns

Wealthy Indian investors who have moved their crypto holdings to wallets with exchanges and vaults abroad to escape a hostile regime at home are in a Catch22 situation - unsure…

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Bitcoin poised for biggest quarterly drop in more than a decade

Bitcoin is on track for its worst quarter in more than a decade, as more hawkish central banks and a string of high-profile crypto blowups hammer sentiment. The 56% drawdown…

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DeFi can’t hold a candle to the centuries-old trust-based system called hawala

In the history of dangerous naivety, the decentralized finance mania of 2021 will hold its own against the 2007 boom in collateralized debt obligations. It took a financial crisis for…

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Cryptos can lead to dollarisation of economy: RBI officials to parliamentary panel

Cryptocurrencies can lead to "dollarisation" of a part of the economy which would be against India's sovereign interest, top officials of the RBI have told a parliamentary panel, according to…

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India to take a considered view on crypto: Nirmala Sitharaman

India will not rush into any decision on cryptocurrencies and will take a well-considered view, finance minister Nirmala Sitharaman has said. "It has to take its time for all of…

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Rario to bring NFTs of Australian cricket

Rario and BlockTrust have signed an official licensing deal with Cricket Australia and the Australian Cricketers’ Association (ACA) that will see digital collectibles or NFTs (non-fungible tokens) from Australian cricket…

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India’s digital currency needs nuanced approach: RBI deputy governor

A nuanced and calibrated approach is essential for the launch of India's maiden digital currency as it would have various implications for the economy and monetary policy, Reserve Bank deputy…

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