Global #India

India is significantly enhancing its tax surveillance capabilities to combat evasion across the rapidly evolving digital landscape, specifically targeting digital banking, cryptocurrency, and cloud storage.

India's burgeoning crypto ecosystem has received a significant impetus with the introduction of the COINS Act (Crypto-systems Oversight, Innovation and Strategy Act), a groundbreaking model law designed by Web3 venture firm Hashed Emergent and policy group Black Dot.

As Bitcoin breaches the unprecedented $122,000 mark for the first time today, the global cryptocurrency job market is experiencing a significant boom.

Pradeep Bhandari, a senior spokesperson for India’s ruling Bharatiya Janata Party (BJP), has called for the launch of a Bitcoin reserve pilot project in India, signaling a potential step toward modernizing the country’s financial system and enhancing economic resilience.

India’s approach to cryptocurrency remains complex and cautious. While the government hasn’t outlawed digital assets, its regulatory posture includes some of the harshest tax rules in the world—creating a stifling environment for both investors and exchanges.

Jio Platforms, a leading digital services provider in India, has entered into a strategic partnership with Polygon, a leading blockchain platform.