Cryptocurrency

Govt mandates companies to disclose investments in cryptocurrenci

The Ministry of Corporate Affairs (MCA) has made amendments to rules in the Companies Act, mandating firms to disclose their investments in cryptocurrencies, spend on corporate social responsibility (CSR), and benami property transactions, among others, in their financial statements from the next financial year. Companies will also have to disclose their relationship with struck-off firms…

Best of BS Opinion: Future shock, a new case for peace with Pakis

What explains Pakistan Army Chief General Qamar Ahmed Bajwa’s call for India and Pakistan to bury the hatchet and make a new beginning? Is the overture for real? How should India respond given past disappointments? Shekhar Gupta assesses the geo-strategic options for both countries here Other views this weekend examine the implications of tectonic technology…

Nascent but growing crypto-universe under threat from proposed cr

Fears are rife about the future of cryptocurrency industry in India. Offering little foresight, the government is working on a cryptocurrency legislation that may or may not allow cryptocurrencies like Bitcoin to flourish here. There is, however, some confidence that the Centre will allow, rather, promote, innovations around blockchain, the underlying technology for Bitcoin “We…

India’s proposed ban on cryptocurrencies not in line with m

India’s impending regulations on cryptocurrencies, which in all likelihood will not be favourable, have spurred a comparison with laws in other countries. Sure, bitcoin and cryptocurrencies are a Western phenomenon (which the Chinese caught onto) and it is understandable that friendly regulations have been behind their organic growth. An overview reveals that in most major…