IT Giant TCS Launches Smart Solution For Cryptocurrency Trading
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- July 8, 2020
To create returns, CoinDCX will deploy the assets under ‘Earn’ across a variety of yield-generating options such as margin trading, lending, and staking. With no lock-in periods and withdrawals at any moment, the functionality provides customers with complete flexibility and control over their cryptocurrency. The tenor must be at least seven days. This capability is
READ MOREFollowing the collapse of Terra’s UST and LUNA, RBI governor Shaktikanta Das noted in a local media interview that the central bank has been right to warn against cryptocurrencies. On Monday, Das told CNBC TV18 that if cryptocurrency had been regulated in India before the recent crisis involving the Terra ecosystem, investors would have questioned
READ MOREIndia CoinSwitch CEO Ashish Singhal claimed that the country needs to enact legislation on cryptocurrency to solve regulatory ambiguity, protect investors, and expand India’s crypto economy. Despite the fact that India’s central bank has campaigned for a ban on cryptocurrencies owing to concerns to financial stability, the cryptocurrency industry has interpreted the federal government’s proposal
READ MOREIn a Tuesday earnings call, Coinbase CEO Brian Armstrong admitted that the exchange stopped the unified payments interface (UPI) in India due to “informal pressure” from the state bank. Armstrong’s remarks came a month after Coinbase’s India services were banned three days after their launch. Despite the Supreme Court’s decision in 2020 to overturn the
READ MOREThe GST Council is expected to consider imposing a 28 percent GST on cryptocurrencies. The government wants cryptocurrency to be on par with lotteries, casinos, racetracks, and betting. The GST Council has appointed a law committee to consider the idea to impose a 28% Goods and Services Tax on all services and activities related to
READ MOREWhile hailing blockchain as “extremely necessary,” Indian Finance Minister Nirmala Sitharaman stated that the “inherent risk” of this nascent technology necessitates prudence. Private cryptocurrencies like as bitcoin, on the other hand, are “pretty well disseminated” in India, according to her. Sitharaman explained that while the Indian government supports the use of distributed ledger technology (DLT),
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