Missing word ‘Crypto’ in law sets off alarms

Broad definition of ‘virtual digital assets’ could cover digital assets of multinationals

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Krafton invests $5.4 million in Nautilus Mobile

​​The funding will help Nautilus deepen its penetration in more markets globally and broaden its scope to other games in addition to cricket.

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On crypto tax, investors and experts have more questions than answers

Many tax experts seem to have raised questions about what would happen to the gains made by investors in the past year. That is, whether the announcement on tax will be retrospective.

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Pine Labs in talks to acquire API infrastructure startup Setu

Setu’s technology stack is expected to help Pine Labs overhaul and refine its financial data infrastructure at a time when it is actively eyeing India’s digital lending space.

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Headout bags $30 million in funding led by Glade Brook Capital

Headout said it will use the funds to accelerate its journey to $1 billion in annual sales by expanding to 500 cities in the next 24 months, to launch new verticals for domestic short-haul travel and build the next generation of technology products.

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Cryptic no more: Cryptocurrencies, CBDC may get to coexist

Globally, central banks have been exploring CBDCs since 2019, but only China has taken the plunge. But, unlike China which has clamped down on trading and mining of cryptocurrencies, India has paved the way for both.

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Crypto’s bittersweet breakthrough, and other Budget 2022 highlights

While some in the crypto industry believe official recognition will bring in millions of users, including institutional investors who have been on the fence so far, others say the high tax rate could deter traders and cause them to flee Indian crypto exchanges.

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