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Crypto exchange CoinSwitch Kuber has deactivated all modes of payment to buy cryptos in Indian rupees on its platform, thereby leaving users with very limited options to buy cryptos. CoinSwitch Kuber is one of the two crypto-based unicorns in India, along with CoinDCX. The Bengaluru-headquatered crypto firm has disabled rupee deposits via Unified Payments Interface UPI or

State regulators soon will begin charging cryptocurrency companies for the time inspectors spend examining them, according to a provision in the recently passed $ billion state budget. The change brings the regulation of crypto companies in line with that of banks and insurers. Companies that wish to facilitate trading cryptocurrency in New York are required to receive

Government regulations related to cryptocurrency are slowly evolving to keep up with the fast-growing industry. In his recent budget proposal, President Joe Biden included several provisions related to digital currencies, some of which could generate up to $ billion in government revenues. Here s a breakdown of what cryptocurrency enthusiasts may want to know. Proposed changes to

The Senate passed its fiscal year budget early Saturday, which included a provision tasking NYDFS with developing a new “assessment” or charge for the cryptocurrency companies it oversees, to bring its oversight mandate in virtual currencies in line with how the regulator oversees more traditional banks and financial services firms. The assessments are meant to “defray operating

President Biden wants to go after crypto wealth as a way to help close the budget gap, figuring Uncle Sam could net $ billion in new income through by modernizing accounting rules around the asset class, according to his budget proposal released March . Why it matters: Giving crypto investors access to some of the same flexibility

Tucked inside President Biden’s proposed budget are four new tax reporting requirements on crypto. The U.S. Treasury is proposing to expand tax treatment for securities lending involving crypto, require more tax reporting on foreign owners in crypto transactions, expand reporting tax requirements for foreign crypto accounts in excess of $,, and allow actively traded digital assets to