Digital Assets

With rising crypto investments in India, knowing how to disclose and report digital assets in your income tax return (ITR) is crucial to stay compliant.

RBI's Sanjay Malhotra sticks to cautious approach on cryptos, backs local payments system

The remarks come at a time when the US administration led by President Donald Trump is moving rapidly to formalise crypto regulations

London Market Adopts Bitcoin As It Hits Record High Of $97K With Boost Over Trump's Policies | N18G

Bitcoin surged to a record high of $97,902 on November 21, 2024, driven by optimism surrounding a more crypto-friendly regulatory environment under President-elect Donald Trump. Investors speculated that Trump's promises of supporting digital assets would lead to less restrictive regulations, fueling a resurgence in the cryptocurrency market. This rally was also supported by news that Trump’s social media company, Truth Social, was in talks to acquire crypto trading firm Bakkt, which is backed by the NYSE's Intercontinental Exchange. As a result, Bitcoin’s value has more than doubled in 2024 and is approaching the $100,000 mark. The global cryptocurrency market surpassed a $3 trillion valuation, and some UK market vendors reported increased sales from Bitcoin payments. While Bitcoin’s volatility has limited its use as a mainstream payment method, its recent gains suggest it may be on the verge of broader adoption. Pro-crypto lawmakers in the U.S. Congress further support this trend.

US Elections: Donald Trump’s win may lead to a crypto rally

“Some optimists even predict that his presidency might push Bitcoin toward six-figure valuations,” said Balaji Srihari, Business Head, CoinSwitch.

Crypto world awaits Bitcoin's next move as global adoption grows

Bitcoin has shown little movement in recent months. After a strong start to the year, it has remained stagnant. Since July, the cryptocurrency fluctuated between $56,000 and $63,000.

Donald Trump unveils crypto platform World Liberty Financial, backed by sons

The Trump family has, however, not provided much detail about the business, in terms of how it was financed or what purpose would it serve.

Bitcoin, the world's biggest cryptocurrency, is down 20.3% from year's high of $73,794

Bitcoin fell 6.4% to $58,777 on August 27 alongside other assets, including global equities, in a broad selloff, as investors fear a US recession could be on the horizon, with rising geopolitical worries also weighing on sentiment. Watch for more. #bitcoin #cryptocurrency #bitcoinnews

How To Maintain Your Digital Legacy After Death | Digital Afterlife Decoded

We spend so many of our waking hours browsing the internet, scrolling through social media, sending emails, and uploading files to the digital cloud. So much of our identities and behaviour patterns are stored in the digital space. So, digital legacy is your personal identity that lives on the computer, as well as on the internet after your death. This includes your email, social media accounts, your e-commerce accounts, cloud storage accounts, streaming services or website domains or blogs. So, how to maintain digital legacy after your death? Watch to find out.

TV18 & E18's merger with Network18 creates India’s largest integrated news media entity

With an extensive presence across languages in both TV and Digital domains, the merger is poised to empower Network18 to consolidate and expand its business from a robust position

Anti-money laundering, CFT norms applicable to offshore crypto exchanges like Binance, Coinbase: MoS of Finance

The finance ministry said that the process of registration for off shore crypto exchanges and virtual digital asset service providers has been initiated

What happens to my digital assets when I am gone?

As digitisation continues to revolutionise our life and reshape our financial landscape, estate planning must adapt accordingly. It is advisable to consult a lawyer or estate planner before diving into succession planning due to legal complexities surrounding the domain.

Digital asset data platform PYOR raises $4 million in funding led by Castle Island Ventures

The company plans to use the fresh capital to expand its team, core infrastructure, and product platform.

CBDCs won’t replace money, will need to build trust: OECD analyst

India is among 18 of the G20 countries that are at an advanced stage of developing central bank digital currencies

Explained: Why were crypto intermediaries brought under PMLA

India has been prudent to take measures to safeguard its revenue interest by first bringing VDAs under the Income-tax Act, 1961 and now countering risks of money laundering and other economic offences by including them under PMLA.

Bahamas regulator says it assumed control of digital assets of FTX

"Urgent interim regulatory action was necessary to protect the interests of clients and creditors of FDM," the commission said in a statement.

JPMorgan leads a $20 million bet on digital asset startup Ownera

The move one of the top US banks assumes significance, on the back a severe turmoil in the cryptocurrency market, when a series of selloffs tempered prices from record highs earlier this year.

Understanding the challenges plaguing the metaverse and navigating the cacophony

While cryptocurrency experts are promoting an upbeat narrative, a number of obstacles threaten the metaverse's survival

Crypto exchanges see a surge in women investors

Traditionally, women have invested in gold and silver. But younger women are shifting towards digital assets such as cryptocurrencies, non-fungible tokens, or digital gold and silver as they see these assets outperforming traditional investment options.

Financial watchdogs should do more to protect crypto traders, top Swiss regulator says

Cryptocurrency trading increasingly resembles the U.S. stock market of the late 1920s, Switzerland's top market regulator said

Supreme Court ruling lays down the law on pledge of dematerialised shares

The Supreme Court ruling resolves tricky questions of law that could have implications even for other digital assets 

The promise and the peril of the Metaverse

India’s participation and contribution in the Metaverse is currently limited. However, it is extremely important for Indian legislators and decision makers to ensure that a legal framework is in place to ensure the safety of Indian users on the Metaverse 

FAQ on taxation of crypto, virtual digital assets in works

The set of Frequently Asked Questions (FAQ), which is being drafted by the Department of Economic Affairs (DEA), RBI and Revenue Department, would also be vetted by the law ministry, the official added.

Why Biden’s idea of digital dollar is good news for cryptocurrency investors in India

A month after India’s union Budget 2022 announced the arrival of a digital Rupee, US President Joe Biden signed an executive order in the US to lay out a national policy for digital assets and a digital dollar.