Tag: Cryptocurrency

Evasion of Rs 81.54 crore was detected and Rs 95.86 crore was recovered (including interest and penalty), he said.

No advertisement for crypto/digital asset products or exchanges may show a minor, or someone who appears to be a minor, directly dealing with the product, or talking about the product, said the advertising watchdog.

As Turkey's inflation hit 48.69 per cent in January amid the dramatic fall in the value of its currency, lira, desperate and helpless citizens are now switching to crypto currencies.

The tax proposals will come into effect from April 1 after the passage of the Union Budget in Parliament.

The authority warned that trading cryptocurrencies is "highly risky" and not suitable for the general public, as the prices of crypto are subject to sharp speculative swings.

Internet Is Facing A Great Risk! So How BIG Is The BUG. Millions of devices are at hacking risk as Internet is facing one of the most serious vulnerabilities in recent years.

Rao, who served as the governor of RBI from 2008 to 2013, said CBDC also needs robust data protection laws.

"The cryptocurrency bill may have little impact on FII flows as the FIIs are not expected to deal in these while investing in any markets going by current trends."

The most common method for producing crypto-assets requires enormous amounts of electricity and generates large CO2 emissions.

In India, the upcoming Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 seeks to prohibit all private cryptocurrencies in India.

Centre on Tuesday listed a new bill for the upcoming Winter Session of Parliament which will seek to ban all private cryptocurrencies in the country, while allowing an official digital currency to be issued by the RBI.

Some of the most high-profile ransomware attacks of the year involved ransomware-as-a-service (RaaS), including an attack against Colonial Pipeline in the US by a 'DarkSide' affiliate.

"It is important that all democratic nations work together on this and ensure it does not end up in wrong hands, which can spoil our youth," PM Modi said referring to cryptocurrency.

A recent advertisement by the Blockchain and Crypto Assets Council (BACC), a part of Internet and Mobile Association of India (IAMAI), and industry players like CoinSwitch Kuber, CoinDCX, WazirX and Zebpay, claimed that crores of Indians have invested over Rs 6 lakh crore in crypto assets.

The high-level meeting comes after RBI Governor Shaktikanta Das sounded an alarm on cryptocurrencies, cautioning investors on the potential pitfalls of the digital currency.