Patrick Hillmann, Binance's chief communications officer, and Bill Chin, head of Binance Labs, its venture capital arm, will join the Forbes board when the transaction closes
Budget announcements on taxing digital assets and creating a digital rupee involve complex issues that need to be addressed first
Move to help the users track their crypto portfolios across wallets and exchanges, and manage taxes on their transactions
'We are left with some open issues which need clarifications on the VDA', said Aravind Srivatsan
Several crypto investors and traders Business Standard spoke with said the attraction of the asset class is its volatility
The move, though limited to income tax, has sent the ball rolling for a regulatory framework of crypto assets
We are not taxing a currency (digital rupee) that is yet to be issued
'India is finally on the path to legitimising the crypto sector in India,' Nischal Shetty, founder and chief executive of crypto exchange WazirX, said
The largest cryptocurrency by market value has notched only about a dozen up days this month
Bitcoin was last hovering around $35K mark, after falling as low as $34,000
The market capitalisation of the token currently is $31 million.
The world's largest cryptocurrency rebounded this week after falling below $40,000 for the first time since September on Monday
The largest cryptocurrency declined as much as 4.9 per cent to $41,008
The companies that were raided include Bengaluru-based Long Rich Technologies, Longrich Global, and Morris Trading Solutions, among others
Newcomers have been drawn to the promise of quick gains touted by crypto backers, as well as hopes that bitcoin offers a hedge against soaring inflation
Polytrade MD and founder Piyush Gupta said this has come as a giant leap towards the compay's goal of providing real-world borrowers access to low interest and swift financing
Those opposed to regulation cited concerns ranging from heavy taxation to a potential outright ban on non-exchange-traded tokens
Even as prices swung wildly, investors large and small dived into Bitcoin and Ethereum as well as non-fungible tokens
That's almost quadruple the previous high of around $8 billion in 2018