news4global
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • VideosHot
    Bitcoin At MAJOR Crossroads (IS BTC PRICE ABOUT TO CRASH?)

    Bitcoin At MAJOR Crossroads (IS BTC PRICE ABOUT TO CRASH?)

    Could the FIRST Cryptocurrency Pre Sale Altcoin of 2023 EXPLODE?

    Could the FIRST Cryptocurrency Pre Sale Altcoin of 2023 EXPLODE?

    ये Coins कर सकते बर्बाद ‼️  Solana Bad news | 30 दिसंबर को बड़ी हलचल | Cryptocurrency | crypto news

    ये Coins कर सकते बर्बाद ‼️ Solana Bad news | 30 दिसंबर को बड़ी हलचल | Cryptocurrency | crypto news

    Quant QNT Price News Today Technical Analysis – Price Now! Quant Price Prediction 2022

    Quant QNT Price News Today Technical Analysis – Price Now! Quant Price Prediction 2022

    🔥 100X POTENTIAL? 🔥 LONG TERM BNB PRICE PREDICTION – Crypto News Today

    🔥 100X POTENTIAL? 🔥 LONG TERM BNB PRICE PREDICTION – Crypto News Today

    Gravitas: Cryptocurrency: New tool for money laundering

    Gravitas: Cryptocurrency: New tool for money laundering

    Last Chance to Buy Ada (Cardano) || Ada (Cardano) Price Prediction || Ada News Today || Ada Update

    Last Chance to Buy Ada (Cardano) || Ada (Cardano) Price Prediction || Ada News Today || Ada Update

    20/12/2022 Cryptocurrency Tamil news today | Shiba inu coin news | luna crypto news | Bitcoin Tamil

    20/12/2022 Cryptocurrency Tamil news today | Shiba inu coin news | luna crypto news | Bitcoin Tamil

    🚀Binance ने Cryptowalo को Goodnews दी ✅️🚀| Cryptocurrency | Shiba inu news today

    🚀Binance ने Cryptowalo को Goodnews दी ✅️🚀| Cryptocurrency | Shiba inu news today

No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • VideosHot
    Bitcoin At MAJOR Crossroads (IS BTC PRICE ABOUT TO CRASH?)

    Bitcoin At MAJOR Crossroads (IS BTC PRICE ABOUT TO CRASH?)

    Could the FIRST Cryptocurrency Pre Sale Altcoin of 2023 EXPLODE?

    Could the FIRST Cryptocurrency Pre Sale Altcoin of 2023 EXPLODE?

    ये Coins कर सकते बर्बाद ‼️  Solana Bad news | 30 दिसंबर को बड़ी हलचल | Cryptocurrency | crypto news

    ये Coins कर सकते बर्बाद ‼️ Solana Bad news | 30 दिसंबर को बड़ी हलचल | Cryptocurrency | crypto news

    Quant QNT Price News Today Technical Analysis – Price Now! Quant Price Prediction 2022

    Quant QNT Price News Today Technical Analysis – Price Now! Quant Price Prediction 2022

    🔥 100X POTENTIAL? 🔥 LONG TERM BNB PRICE PREDICTION – Crypto News Today

    🔥 100X POTENTIAL? 🔥 LONG TERM BNB PRICE PREDICTION – Crypto News Today

    Gravitas: Cryptocurrency: New tool for money laundering

    Gravitas: Cryptocurrency: New tool for money laundering

    Last Chance to Buy Ada (Cardano) || Ada (Cardano) Price Prediction || Ada News Today || Ada Update

    Last Chance to Buy Ada (Cardano) || Ada (Cardano) Price Prediction || Ada News Today || Ada Update

    20/12/2022 Cryptocurrency Tamil news today | Shiba inu coin news | luna crypto news | Bitcoin Tamil

    20/12/2022 Cryptocurrency Tamil news today | Shiba inu coin news | luna crypto news | Bitcoin Tamil

    🚀Binance ने Cryptowalo को Goodnews दी ✅️🚀| Cryptocurrency | Shiba inu news today

    🚀Binance ने Cryptowalo को Goodnews दी ✅️🚀| Cryptocurrency | Shiba inu news today

No Result
View All Result
news4global
No Result
View All Result
Home Regulation

Investors Seek Regulatory Clarity On Crypto After Exchanges Disable Deposits

April 13, 2022
Reading Time: 2 mins read
0
Investors Seek Regulatory Clarity On Crypto After Exchanges Disable Deposits
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Deutsche Bank’s DWS eyes 2 German crypto firms for investment: Report – Cointelegraph

February 8, 2023
Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

The bigger the economy, the bumpier it gets – POLITICO

February 8, 2023

Indian crypto exchanges, CoinSwitch Kuber and WazirX have joined the bandwagon of disabling rupee deposits using the United Payments Interface (UPI) for buying cryptocurrencies. This has alarmed Indian investors as they seek more clarity on crypto regulations.

CoinSwitch Kuber which has more than 15 million users, was not allowing users to load deposits on its applications, although, withdrawals of funds were still allowed.

Rival WazirX through its Twitter account informed its users that UPI is not available. It also added that they had no estimated time limit to fix the issue.

Further, WazirX in a statement mentioned its deposit facility via UPI had been disabled in December, however, the exchange did not elaborate.

The move of the two crypto exchanges comes after when Coinbase and MobiKwik disabled INR deposits using UPI.

Coinbase on its website has alerted that “As of April 10, buys are currently disabled due to an ongoing issue we’re experiencing with the UPI system. We’re working hard to resolve the issue, and we advise that you check your account periodically to see if the issue is fixed.”

“Note that we don’t support another payment method to buy crypto at this time. Thank you for your patience and understanding,” Coinbase had added.

Coinbase which debuted in the Indian market on April 7, had intimated that they accept payments through UPI. However, right after that National Payments Corporation of India (NPCI), which oversees UPI operations, clarified in a statement that they weren’t aware of any crypto exchange using UPI.

On April 7, NCPI clarified saying, “With reference to some recent media reports around the purchase of Cryptocurrencies using UPI, National Payments Corporation of India would like to clarify that we are not aware of any crypto exchange using UPI.”

“Regulatory clarity is the need of the hour,” said Abhishek Malhotra, a founding partner of TMT Law Practice. “There are currently a lot of conflicting signals on the regulatory regime, leading to lack of certainty, ” reported Reuters.

From April 1, under the Finance Bill 2022, a 30% capital gains tax is imposed on crypto transactions. Further, a loss incurred during the transfer of the virtual asset will no longer be allowed to set off against any income calculated under the “other” provision of the IT Act as the word “other” has been removed.

Also, 1% TDS will be deducted from crypto-assets starting in July.

On Wednesday, as per CoinMarketCap, the global crypto market cap is $1.87 trillion, a 0.27% increase over the last day. The total crypto market volume over the last 24 hours is $89.46 billion, which makes a 11.78% decrease.

Further, the total volume in DeFi is currently $9.78 billion, 10.93% of the total crypto market 24-hour volume. The volume of all stable coins is now $74.36 billion, which is 83.12% of the total crypto market 24-hour volume.

As per the CoinMarketCap live trading performance, Bitcoin’s price is currently $40,015.97. Bitcoin’s dominance is currently 40.77%, a decrease of 0.26% over the day.

Subscribe to Mint Newsletters

* Enter a valid email

* Thank you for subscribing to our newsletter.

Tags: CoinbaseCoinbase UPI depositsCoinbase UPI deposits disabledCoinSwitch KuberCoinSwitch UPI depositCoinSwitch UPI deposits disabledcrypto indian tax rulescrypto tax rulesCryptocurrency UPI deposits disabledIndian crypto regulationsMobiKwikMobiKwik UPI depositsMobiKwik UPI deposits disabledNational Payments Corporation of IndiaNPCI UPINPCI UPI cryptocurrencyWazirXWazirX UPI depositsWazirX UPi deposits disable
Share76Tweet47

Related Posts

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Deutsche Bank’s DWS eyes 2 German crypto firms for investment: Report – Cointelegraph

by admin
February 8, 2023
0

Deutsche Bank’s DWS eyes 2 German crypto firms for investment: Report  Cointelegraph

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

The bigger the economy, the bumpier it gets – POLITICO

by admin
February 8, 2023
0

The bigger the economy, the bumpier it gets  POLITICO

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

SEC Directs Examiners To Focus on How US Broker-Dealers Are Pitching Crypto – CoinDesk

by admin
February 7, 2023
0

SEC Directs Examiners To Focus on How US Broker-Dealers Are Pitching Crypto  CoinDesk

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Long-standing crypto project vs. scam: Ava Labs CEO shares key difference – Cointelegraph

by admin
February 7, 2023
0

Long-standing crypto project vs. scam: Ava Labs CEO shares key difference  Cointelegraph

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Crypto News: What is happening in the World of Cryptocurrency … – Forbes

by admin
February 7, 2023
0

Crypto News: What is happening in the World of Cryptocurrency ...  Forbes

Load More
  • Trending
  • Comments
  • Latest

Bitcoin’s Main Rival Ethereum Hits A Fresh Record High: $425.55

March 3, 2022

Bitcoin Is ‘Definitely Not a Fraud,’ CEO of Mobile-Only Bank Revolut Says

March 2, 2022
How online shopping has changed over the last 30 years | National

How online shopping has changed over the last 30 years | National

April 6, 2022
Protocon Announces ‘Contract Model’, an Alternative

Protocon Announces ‘Contract Model’, an Alternative

April 6, 2022

US Commodities Regulator Beefs Up Bitcoin Futures Review

0

Bitcoin Hits 2018 Low as Concerns Mount on Regulation, Viability

0

India: Bitcoin Prices Drop As Media Misinterprets Gov’s Regulation Speech

0

Bitcoin’s Main Rival Ethereum Hits A Fresh Record High: $425.55

0
Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Crypto ATM Operator Cash Cloud Files for Bankruptcy – PYMNTS.com

February 9, 2023
Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Coinbase's CEO Cites 'Rumors' the SEC May Ban Crypto Staking for Retail Customers – CoinDesk

February 8, 2023
Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Deutsche Bank’s DWS eyes 2 German crypto firms for investment: Report – Cointelegraph

February 8, 2023
Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Former employees lift curtain on troubled crypto operation in Park Falls – PBS Wisconsin

February 8, 2023

Latest News

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Crypto ATM Operator Cash Cloud Files for Bankruptcy – PYMNTS.com

February 9, 2023
Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Coinbase's CEO Cites 'Rumors' the SEC May Ban Crypto Staking for Retail Customers – CoinDesk

February 8, 2023

Categories

Site Navigation

  • Home
  • About us
  • Contact us
  • Privacy policy
  • Terms and services
  • Home
  • About us
  • Contact us
  • Privacy policy
  • Terms and services

© 2022 Designed by news4global

No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • Videos

© 2022 Designed by news4global