The currency is likely to have stable value, limiting appeal as an asset. It may be safer than holding cash, but tech, connectivity will pose issues, if meant for wide use by households.
The countries largest crypto bourse Binance-owned WazirX has seen daily sign-ups on its platform jump almost 30% since 1 February. At rival CoinSwitch, the daily increase was 35%.
Clearing the air on the legality of private digital currencies in the market, T.V. Somanathan noted that only 'digital rupee' of the Reserve Bank will be a legal tender in India.
Modi govt Tuesday largely ended the uncertainty over the future of cryptocurrencies in India with its Budget proposal to tax income from transfer of virtual digital assets at 30%.
Revenue Secretary Tarun Bajaj said Wednesday that govt will charge 30% tax plus cess and surcharges from 1 April on cryptocurrency transactions as it treats winnings from horse races.
Years are quietly being stripped off my lifespan, and somehow that doesn’t ruin my day. But getting scolded for one careless word in an email? That can send me spiralling.
ThePrint had previously reported that India & Russia are talking about 5 more regiments of the S-400, but no contracts are to be signed during the Russian president's visit.
The India-South Africa series-defining fact is the catastrophic decline of Indian red ball cricket where a visiting team can mock us with the 'grovel' word.
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