Indian Crypto Regulation Is Planned for February: Report 

The Indian government is planning to introduce crypto regulation in February next year, local news outlet Business Today reported, elaborating:The Budget 2022-23 is expected to be presented on February 1 during the first half of the parliament’s Budget session, which usually begins in the last week of January.Furthermore, the news outlet conveyed that the government is likely to regulate cryptocurrencies as an asset class, similar to how commodities are regulated, with appropriate taxation on transactions and gains. Indian crypto regulation is planned for February. In June, the government reportedly said that the Securities and Exchange Board of India (SEBI) would oversee regulations for the cryptocurrency sector after crypto is classified as an asset class.Another official told the publication that officials from the Finance Ministry and the Reserve Bank of India (RBI) are fine-tuning the regulatory framework for crypto. However, the central bank recently said it still has “serious concerns” about cryptocurrency.

Will Shiba Inu turn the numero uno meme coin despite Musk’s cold shoulder?

Despite a cold shoulder from Elon Musk, the richest person on the planet, meme cryptocurrency Shiba Inu continues to thrive higher with a spectacular rally.The meme token has soared over 35% in the last 24 hours and has doubled investors’ wealth in the last week. The recent run of Shiba Inu has crowned it as the 11th largest cryptocurrency as per Coinmarketcap.com.The Last run in Shiba Inu is more mind-boggling for the crypto enthusiast as Tesla boss Musk had snubbed the meme token. The mercurial technocrat said that he doesn’t own any Shiba Inu Tokens.