DEEPSEEK
Crypto GST 2.0: How New Tax Rules Could Reshape Web3 Business Models
In 2025, India implemented GST on crypto platform fees, adding an 18% tax on top of existing income taxes, reshaping Web3 business models and compliance strategies.
The Reserve Bank of India is Expanding CBDC While Dismissing Privately Issued Stablecoins
The Reserve Bank of India (RBI) is planning to increase the number of Central Bank Digital Currency (CBDC) transactions to one million per day by the end of 2023, according to Deputy Governor T Rabi Sankar.
RBI and Central Bank of UAE sign MOU on CBDC bridge
The Reserve Bank of India and the Central Bank of UAE have signed an MOU to collaborate on CBDC interoperability, specifically for the development of a CBDC bridge to facilitate remittances and trade.
India to Test Viability of Digital Rupee to Cut Fees When Trading Securities
The Reserve Bank of India is starting a whole pilot for its Digital Rupee project
RBI Releases Publication of CBDC to be Issued in India
The FinTech department of the Reserved Bank of India (RBI) recently released concept notes on the issuance of its Central Bank Digital Currency (CBDC) in India.
Reserve Bank of India Advocates for Crypto Ban
The Reserve Bank of India (RBI) has advocated for a blanket ban to be imposed on the digital currency ecosystem as the central bank believes this nascent asset class poses a threat to the rise of the country as a global power.
India Should Ban Cryptocurrencies, Says RBI Deputy
India should ban cryptocurrencies as they are related to Ponzi schemes or worse and they pose a threat to financial and macroeconomic stability, a deputy governor at the Reserve Bank of India (RBI) said.
RBI Says India Will Initially Go for Basic Model For CBDC
India’s central bank plans to launch a basic model of the CBDC before implementing a more sophisticated version.
Indian Payment Giant Paytm May Add Crypto Services if Regulations Improves
Indian payment unicorn Paytm has reiterated its willingness to add Bitcoin and crypto-related services if regulations around the nascent asset class become clearer.
India May Imposes 2% "Equalization Levy" on Offshore Crypto Exchanges
According to local media sources in India, the regulator intends to impose a 2% "equalization levy" on investors for cryptocurrency trading services from offshore exchanges that provide services to the Indian market.
