Fun

News Feed - 2023-07-28 09:07:51

Prashant Jha11 hours agoIndian Supreme Court raps Union government on crypto rules delay: ReportThe Supreme Court bench asked the union government to file a report on whether the latter is capable of setting up a federal agency to investigate crypto-related crimes.2216 Total views13 Total sharesListen to article 0:00NewsJoin us on social networksThe Indian Supreme Court on July 27 reprimanded the Union government for the lack of crypto regulations in the country, according to a report in a local media outlet. 


The Supreme Court in its observation noted that it is “unfortunate” that the government has yet to release any clear guidelines around cryptocurrencies. The observation from the court came amid growing instances of criminal activities involving cryptocurrencies and directed the Union government to bring on record whether it plans to set up any dedicated federal agency to investigate such crypto criminal cases, the local daily reported.


According to the report, Justices Surya Kant and Dipankar Datta said: “You still don’t have any law, unfortunately. Do you have an agency at the national level to understand these cases and investigate them properly? We want you to identify a national specialised agency, in the national interest.” 


The court’s observation came during the hearing of petitions booked in connection with cryptocurrency fraud cases in different states of India. The court asked the government to file a response on whether they are capable of setting up a mechanism to investigate such cases.


The fight for clear government-issued crypto regulations in India has been a long-drawn one. The government started working on a crypto bill on the instructions of the Supreme Court as early as 2018. However, the government is yet to introduce the final draft of the crypto bill despite assuring it would be completed repeatedly over the past four years.


Related:Taxman: India’s new tax policies could prove fatal for crypto industry


While the Indian government is yet to come up with crypto guidelines, it was very quick to impose crypto taxation laws, which came into effect in April 2022. The law was first introduced during the bull market when India became one of the leading crypto markets with a number of crypto unicorns and trading volumes soaring into billions of dollars. However, the tax laws had a drastic impact on the thriving crypto market as the majority of the established firms decided to move away from India due to a lack of regulatory clarity.


Collect this article as an NFTto preserve this moment in history and show your support for independent journalism in the crypto space.


Magazine:Hall of Flame: Wolf Of All Streets worries about a world where Bitcoin hits $1M# Bitcoin# Blockchain# Central Bank# India# Court# Reserve Bank of India# RegulationAdd reactionAdd reactionRelated NewsHow to use index funds and ETFs for passive crypto incomeGerman political parties split on how to regulate increasing AI adoptionBlockchain technology lets East African farmers sell globallySEC vs. Ripple: Huge win for cryptoUK government rejects lawmaker’s call to treat crypto like gamblingUS law protects institutions and exposes retail investors — Rep. Torres

News Feed

Pundit Gives Dogecoin Price 30-40% Chance Of Crash To $0.165 As RSI Enters Oversold Levels
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
UK Seizes First NFTs in $2 Million Fraud Crackdown — Arrests 3 People
UK Seizes First NFTs in $2 Million Fraud Crackdown — Arrests 3 People The U.K.’s. HM Revenue & Customs (HMRC) has made its first non-fungible token (NFT) seizure. British
USDT Towers Over 30 Stablecoins- Tether’s Market Cap Grew by 2 Million Percent in Just Four Years
USDT Towers Over 30 Stablecoins- Tether"s Market Cap Grew by 2 Million Percent in Just Four Years During the last two years since the initial bear market after t
US Senators Introduce Crypto Sanctions Bill — Expert Says It’s Overbroad, Unconstitutional
US Senators Introduce Crypto Sanctions Bill — Expert Says It"s Overbroad, Unconstitutional U.S. Senator Elizabeth Warren and 10 other lawmakers have introduced the “Digita
Prosecutor Seeks Thousands of Years of Prison for Missing CEO of Turkish Crypto Exchange Thodex
Prosecutor Seeks Thousands of Years of Prison for Missing CEO of Turkish Crypto Exchange Thodex Members of the team of the now defunct Turkish crypto exchange Thodex may receive th
Binance to Open Two Offices in Brazil, Company Hints at Debit Card Launch
Binance to Open Two Offices in Brazil, Company Hints at Debit Card Launch Binance, one of the biggest crypto exchanges by volume traded, has announced its expansion plans for Brazi
BRICS Emerges as the World’s Largest GDP Bloc, Propelled by China’s Rapid Expansion
BRICS Emerges as the World"s Largest GDP Bloc, Propelled by China"s Rapid Expansion BRICS, a set of countries grouped as an alternative to the G7, is now the world’s largest
John McAfee’s Widow Is Still Extremely Skeptical of Her Husband’s Alleged Suicide
John McAfee"s Widow Is Still Extremely Skeptical of Her Husband’s Alleged Suicide Following a report from John McAfee’s biographer, the former antivirus
Martin Young4 hours agoApple sued for blocking crypto tech for P2P paymentsApple faces a class-action lawsuit over alleged anti-competitive conduct in the iOS peer-to-peer payments market.2451 Total views8 Total sharesLi
Tom Mitchelhill3 hours agoPayPal stablecoin launch sparks wave of fake PYUSD tokensNearly 30 fake PYUSD tokens cropped up in the wake of PayPal’s most recent announcement.1304 Total views28 Total sharesListen to articl
Amaka Nwaokocha11 hours agoIndian government set to introduce rules against deepfake menaceIn talks with stakeholders, Minister Ashwini Vaishnaw aims to finalize the Indian government’s AI deepfake regulations in the c
SEC to Boost Access to Crypto Investments With Proposed New Accredited Investor Definition
SEC to Boost Access to Crypto Investments With Proposed New Accredited Investor Definition The U.S. Securities and Exchange Commission (SEC) has proposed amending the definition