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The ED referred to 'fintech companies backed by Chinese funds,' further noting that Zanmai Labs, which owns WazirX, has created a web of agreements with offshore companies to obscure the ownership of the crypto exchange.
Finance Minister Nirmala Sitharaman addressed the house openly stating the Government's stance on Cryptocurrency and related regulations.
Taking the most recent drop into account, investors have lost over $2 trillion (approximately Rs 15.65 lakh crore) in the last eight months.
Coinbase Global Inc, a cryptocurrency exchange based in the United States, announced on Thursday that it will keep its hiring freeze in place for the time being.
The governor believes the Indian government agrees with the central bank's stance on cryptocurrency.
Buterin founded Ethereum in 2014 and is the owner of a digital wallet that had $1.5 billion in assets as recently as November.
In Asian trade on Monday, bitcoin plummeted 5% to roughly $29,700, following stock market declines due to concerns about soaring inflation and rising interest rates.
Over the last two weeks, the cryptocurrency market has been in freefall. Bitcoin, the world's first digital currency, plunged below $30,000 twice in a week, reaching its lowest level in 16 months.
Jassy stated in an interview with CNBC that he does not own either Bitcoin or NFTs, but is hopeful about the future of cryptocurrencies and NFTs.
According to the revisions to the Finance Bill, 2022 that have been circulated among Lok Sabha members, the ministry intends to delete the term 'other' from the provision dealing with the set-off of losses from gains in virtual digital assets.
Krafton and Solana Labs are preparing to form a long-term partnership for the creation and management of blockchain and NFT-based games and services.
MakeMyTrip promises that the revenues from the sale of those NFTs would be used to support programs aimed at promoting sustainable tourism in the country.
NFTs are any digital assets stored on a Blockchain distributed database, such as a drawing, painting, music, GIF, and so on.
According to Joe Biden's directive, the Treasury Department, the Commerce Department, and other major departments would be required to write reports on "the future of money" and the role that cryptocurrencies will play.
The question was addressed by a bench chaired by Justice DY Chandrachud while hearing a petition by one of the accused in the GainBitcoin fraud, Ajay Bhardwaj, wanting the charges against him to be dropped.
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