Indian Business Times - Latest Business News from India

Amazon to accept Bitcoin and other popular crypto currencies: Jeff Bezos

According to reports, Amazon plans to accept bitcoin as a form of payment after which the company will add support for other major cryptocurrencies. “Jeff Bezos himself is giving the directive.”

As regulators crack down on crypto groups, groups shelter in Singapore

Binance founder among those moving to city-state as it rolls out red carpet for industry

Founder of cryptocurrency exchange Binance doubles his compliance team in response to global regulatory scrutiny

Cryptocurrency exchange Binance plans on doubling its compliance team by year's and said it will "humbly welcome more capable talents" as it faces a blizzard of global regulatory probes. Authorities in Britain, Japan, Germany, and Thailand have raised concerns about the exchange, one of the largest, amid a worldwide crackdown on cryptocurrencies this year. Binance

New crypto regulations are ready for India’s monsoon session of parliament, says the country’s finance minister

India is getting closer to regulating cryptocurrencies within its borders. Deputy Finance Minister Nirmala Sitharaman told The Hindu that India's crypto bill is ready and the government has taken input from industry stakeholders. "We have worked hard on it. Taking stakeholder inputs into account. It is ready to go to Cabinet. "We need to wait

Philippines and Vietnam are considering crypto-friendly legislation, unlike India

Indian Business Times February 25 2025 03

The fate of cryptocurrencies in Asian countries is not solely determined by China and India. As the popularity of digital tokens continues to increase, smaller players such as the Philippines and Vietnam are getting involved. According to the Philippines Stock Exchange (PSE), cryptocurrencies are an asset class they can no longer ignore. The crypto framework would make the existing exchange safer than foreign exchanges, they believe. Meanwhile, Vietnam’s Prime Minister – Pham Minh Chinh – has reportedly asked the country’s central bank to conduct a study of cryptocurrency in order for the government to run a pilot program in 2021 to 2023. During the last year, both of these countries have seen a massive increase in their citizens’ use of cryptocurrencies. According to the results of the Statista Global Consumer Survey they have the highest rate of cryptocurrency use after Nigeria.