Legalize cryptocurrency and stablecoins in India, don’t drive investments offshore: Raghav Chadha

Rajya Sabha MP Raghav Chadha has urged the government to legalize virtual digital assets (VDAs) such as cryptocurrency and stablecoins, highlighting that the absence of a clear regulatory framework is pushing Indian investors and crypto companies to shift operations offshore. “India taxes VDAs (virtual digital assets) like they are legal. But regulate it like they…

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US Banking Giant ‘Global Trust’ Announces Launch of Fully Regulated Stablecoin ‘USTrust’

The line between Wall Street and the world of digital assets blurred significantly today as ‘Global Trust Bank’, a financial institution with over $2 trillion in assets under management, announced its foray into the stablecoin market. The bank revealed plans to issue its own stablecoin, named ‘USTrust’ with the ticker USTT, which will be fully…

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