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Crypto Market falls; Bitcoin down by more than 10% Fear of tapering, inflation and other negative cues hit the Crypto market as well. Bitcoin even touched $42K. Ether and other cryptocurrencies also are down. The market participants are in fear of the Bear market. US lawmaker urges congressional action on crypto as government avoids shutdown […]
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Crypto will not be banned; SEBI to regulate The Union government has decided to bring cryptocurrencies under a regulatory framework instead of banning them. Cryptocurrency will be renamed crypto-asset under the new law and will be regulated by SEBI. SEC rejects WisdomTree’s application for spot Bitcoin ETF The United States Securities and Exchange Commission has […]
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India’s new cryptocurrency law set to red-flag chit fund, MLM business models India is set to red flag several investment schemes launched by individuals and cryptocurrency exchanges that are similar to chit funds, multi-level marketing (MLM), and systematic investment plans (SIP). The government seeks to build a robust regulatory framework to protect vulnerable rural populations […]
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Vladimir Putin says cryptocurrencies come with risk Vladimir Putin, the President of Russia, said that cryptocurrencies bear high risks and the nation needs a better regulatory framework. The regulation is weak in Russia now, with no laws surrounding crypto mining. Coinbase will establish presence in Israel  Coinbase will purchase Unbound to gain access to its […]
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Kazakhstan runs short of power due to crypto mining Kazakhstan, a country with a large number of leading crypto miners, is facing a massive power outage. The country is currently importing electricity from Russia at a higher tariff. The government had earlier commented on mining a few weeks earlier saying there is no revenue generation […]
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UK Digital services tax targets crypto exchanges According to a report, crypto exchanges in the United Kingdom will have to pay a 2% digital services tax. Britain’s tax authority, HMRC, does not recognize digital assets as financial instruments and therefore exchanges are not eligible for financial exemptions. The digital services tax on revenue was introduced […]
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New German government cites crypto in the coalition agreement Three German political parties agreed to a coalition deal this week where they said that they will advocate for an equal playing field between traditional finance and cryptocurrency. The coalition calls for a new “dynamic in relation to the opportunities and risks from new financial innovations” […]
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More Than 50% of Indians Surveyed Don’t Want Crypto Legalized More than half of the people surveyed in India are against legalizing cryptocurrencies, according to an opinion poll published on Wednesday. The report comes on the back of the Indian government proposing a law to regulate the use of crypto and to create an official digital […]

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At the recent United Nations Climate Change Conference at Glasgow (COP26), India pledged to achieve net-zero carbon emissions by 2070. The Centre has committed to installing a non-fossil fuel electricity generation capacity of 500 gigawatts (GW) and sourcing 50% of India’s energy requirement from renewable sources by 2030. The government also aims to reduce 1 […]

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