International Crypto Platforms May Be Brought Under GST Ambit + RBI Warns that Crypto Could Lead to Dollarisation of Indian Economy

Cryptocurrency India Weekly

Here are the top cryptocurrency news headlines from India this week;
International crypto platforms may also be brought under GST ambit: https://www.fortuneindia.com/macro/govt-to-bring-foreign-crypto-platforms-under-gst/108274 ;
RBI launches new offensive against crypto saying it could lead to dollarisation of Indian economy: https://timesofindia.indiatimes.com/business/cryptocurrency/blockchain/rbi-warns-crypto-can-lead-to-dollarisation-of-economy/articleshow/91672891.cms ;
SEBI suggests celebrities should not endorse crypto: https://www.thehindubusinessline.com/money-and-banking/cryptocurrency/sebi-calls-for-no-celebrity-endorsement-of-cryptos/article65416520.ece ;
Indian exchanges face valuation reality check amidst adverse markets: https://www.timesnownews.com/cryptonow/indian-crypto-exchanges-face-valuation-reality-check-amid-tougher-market-conditions-article-91683502 ;
BitMEX enters the Indian market: https://economictimes.indiatimes.com/tech/technology/cryptocurrency-exchange-bitmex-launches-spot-trading-in-india/articleshow/91601317.cms ;
Poloniex looking to expand in India: https://blockmanity.com/press-release-2/poloniex-looking-to-expand-in-india-collaborates-with-polygon-to-foster-web3-adoption/ ;
Binance seeking an ideal point for India launch: https://www.coindesk.com/policy/2022/05/18/binance-seeking-ideal-point-for-india-launch/ ;
TCS engages Tata group companies to deploy metaverse solutions: https://economictimes.indiatimes.com/tech/information-tech/tcs-engages-tata-group-companies-to-deploy-metaverse-solutions/articleshow/91580320.cms ;
Eros Investments partners with Dubai’s crypto regulator: https://www.ndtv.com/business/indias-lulla-family-run-eros-investments-partners-with-dubais-crypto-regulator-2977159 ;
Comic Con India enters the metaverse: https://www.financialexpress.com/digital-currency/now-comic-con-india-enters-the-metaverse/2530123/ ;
WazirX releases the second edition of ‘Transparency Report’: https://wazirx.com/blog/over-95-of-crypto-associated-frauds-are-based-outside-the-blockchain-ecosystem-2nd-edition-of-wazirx-transparency-report/ ;
CoinDCX has listed Klaytn (KLAY) on its platform.