Ashneer Grover, former co-founder and managing director of BharatPe, has moved the National Company Law Tribunal (NCLT) in the Capital against the fintech major, alleging oppression and mismanagement at the firm.
Shah’s comments come at a time when the Reserve Bank of India (RBI) has been upping the ante in regulating fintechs in the country.
PeepalCo will house the following brands: CoinSwitch, the crypto retail app, and CoinSwitch PRO, the advanced trading platform; a soon-to-be-launched platform featuring newer investment classes; and a wealth-management division catering to High-Net-Worth Individuals (HNIs). The restructuring will empower each of these business units to maintain agility and drive innovation while upholding the utmost compliance and …
In India, where the crypto market has seen a remarkable surge, the government’s move to register these service providers is a balanced approach to ensure transparency and accountability while fostering innovation. The registration process involves rigorous checks and balances, ensuring these service providers adhere to stringent anti-money laundering (AML) and combating the financing of terrorism …
India’s Financial Intelligence Unit Registers Over Two Dozen Crypto Service Providers Read More »
Bitcoin has bounced pluckily in the face of depressed crypto prices, low trading volumes and tough economic conditions. It even found a second wind in October following a summer slump. The king of cryptocurrencies has leapt 164% since Jan. 1 and is trading above $40,000. It has outpaced traditional assets, including gold which has risen …
Cryptoverse: Bitcoin defies its doubters in 2023 Read More »
Major crypto tokens were trading mixed on Tuesday ahead of key inflation data and the US Federal Reserve policy decision. Bitcoin (-1.1%), Ethereum (-0.9%), XRP (-0.6%), and Dogecoin (-2.3%) were trading in the red, while BNB (7%), Solana (2.1%), Cardano (4.2%), and Avalanche (15%) were trading in the green. Read more:
Abu Dhabi attracts crypto companies as it becomes a popular destination for global expansion. Companies like Copper Technologies, Paxos Trust, and eToro Group have secured licenses or established parts of their businesses in the emirate’s economic zone. Phoenix Group’s shares have surged since their debut on public markets in Abu Dhabi. Abu Dhabi offers advantages …
Why Abu Dhabi is becoming a popular destination for crypto companies Read More »
Singh, who in the past has been also the chief executive of Axis Bank subsidiary and digital payments app Freecharge, will be responsible to scale up Indifi’s core platform, and will overlook key functions including product, distribution, lending partnerships, treasury, risk and technology.
While there has been a funding winter in startups over the past year, funding has seen an uprise in early stage deal funding and decline in late stage deals funding. FinTechs across the globe raised about USD 2.53 billion in November, while the top 20 deals summed up to about USD 1.94 billion.
Compared to most countries, India imposes a high tax rate on cryptocurrency activities. There is a 30% tax on gains, surpassing rates for other investments like equities. There is also a 1% TDS, which all the crypto platforms are supposed to deduct from every trade. Read on to know more:
