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India's Central Bank Governor Calls Crypto "Gambling," Asks for Blanket Ban Again!
15.1.2023
India’s central bank governor has once again expressed skepticism toward cryptocurrencies, saying these assets are “nothing but gambling” and asking for a blanket ban.
Speaking at a Business Today event, Shaktikanta Das claimed cryptocurrencies don't have any intrinsic value and their perceived...
Trust is key to crypto exchange sustainability — CoinDCX CEO Sumit Gupta
13.1.2023
With all eyes on crypto exchanges, rebuilding trust — through increased transparency, safety and effective policies — has become the top agenda for entrepreneurs worldwide
WazirX releases proof of reserves with majority of funds in Binance wallets
11.1.2023
The cryptocurrency exchange released its proof of reserves and proclaimed to be India’s largest exchange both in volume and reserve funds
Today in Crypto: Expelled Chinese Communist Party Official Shamed on TV for Supporting Crypto Mining, Nigeria Considering a Regulatory Framework for Stablecoin Implementation
10.1.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Expelled Chinese Communist Party Official Shamed on TV for Supporting Crypto Mining, Nigeria Considering...
Gold Prices Expected to Soar in 2023: Experts Predict Record Highs for Precious Metal
8.1.2023
Gold is on the rise in 2023 and in the first week of the new year alone, the precious metal has jumped 2.36% against the U.S. dollar. Over the past 65 days, gold has soared 14.55% while silver has skyrocketed 22.31% against the greenback since Nov. 3, 2022. According to the head of metals strategy...
Today in Crypto: Indonesia to Launch Crypto Exchange, India's Exchanges Lost 81% of Trading Volume, UK’s National Crime Agency Forming a 'Crypto Cell'
4.1.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Indonesia to Launch Crypto Exchange, India's Exchanges Lost 81% of Trading Volume, UK’s National Crime...
India's Crypto Space Has Been "Crippled" Under Crypto Tax Laws: Report
4.1.2023
India's crypto industry has been "crippled" under the country's controversial tax laws in 2022.
According to a new report by Esya Centre, a Delhi-based technology policy think tank, Indian crypto investors have moved over $3.852 billion (INR 32,000 crore) worth of digital assets from local...
Indian Government Launching Crypto Awareness Campaign
4.1.2023
The government of India is launching a crypto awareness campaign that will educate investors about the legality of cryptocurrencies in the country while highlighting the risks of investing in crypto assets. Indian Government’s Cryptocurrency Awareness Campaign The Indian government...
Car Manufacturer Maruti Suzuki Launches Metaverse Showroom Experience in India
3.1.2023
Maruti Suzuki, one of the biggest car manufacturers in India, has announced that it is taking its customer retail experience to the metaverse. The company announced on Jan. 1, it would launch a VR (virtual reality) network for its Arena showroom series, allowing its users to experience the Maruti...
Indian Central Bank: Developing Global Crypto Regulation Is a Priority for G20 Under India’s Presidency
1.1.2023
The Reserve Bank of India (RBI) says one of the priorities for the G20 under India’s presidency is to “develop a framework for global regulation, including the possibility of prohibition, of unbacked crypto assets, stablecoins, and defi.” The Indian central bank warned that...
Bank of India report calls for regulatory coordination on crypto market challenges
29.12.2022
The RBI’s latest financial stability report accentuated the negative about cryptocurrency and reminds the world that India is looking for global action on crypto regulation
Indian Crypto Market Suffers Significantly — Experts Say Trading Volumes Unlikely to Recover Anytime Soon
27.12.2022
Crypto trading volumes in India have plunged significantly this year. The FTX meltdown has exacerbated the problem, hurting “the sentiment across crypto tokens.” Local crypto experts are not expecting a recovery in the near future “Unless something dramatic happens” in...
India’s Central Bank Chief: Cryptocurrencies Will Cause Next Financial Crisis if They’re Not Banned
23.12.2022
The governor of India’s central bank, the Reserve Bank of India (RBI), has warned that the next financial crisis will come from cryptocurrencies, like bitcoin and ether. The central bank chief added that cryptocurrencies pose “huge inherent risks” to India’s macroeconomic...
'Don't Regulate - Ban Crypto Before It Triggers Financial Crisis', Indian Central Bank Head Says
22.12.2022
The governor of the Reserve Bank of India (RBI), Shaktikanta Das, suggested that cryptocurrencies should not be regulated - they should be banned altogether, lest they lead to the next financial crisis.
Speaking at the Business Standard BFSI Insight Summit on Wednesday, and asked about the war...
Crypto could spark the next financial crisis, says India’s RBI head
22.12.2022
Reserve Bank of India Governor Shaktikanta Das warned that if crypto becomes regulated and is allowed to grow, it could cause the next financial meltdown
Indian Government Updates Parliament on Cryptocurrency Bill and Investigations of Crypto Exchanges
20.12.2022
The government of India has provided some updates on its cryptocurrency bill and investigations of crypto exchanges in Lok Sabha, the lower house of India’s parliament. “Crypto assets are by definition borderless and require international collaboration to prevent regulatory...
What Will 2023 Bring for CBDCs?
19.12.2022
Even as CBDC rollouts intensify, the future of these centrally backed currencies around the world is uncertain
G20 Countries to Build Crypto Policy Consensus for Better Global Regulation
18.12.2022
The G20 countries aim to build a policy consensus on crypto assets for better global regulation. “After the crypto meltdown which we have seen recently, it is clear that we need internationally agreed standards on regulation,” said the International Monetary Fund (IMF)’s deputy...
India Looks to Coordinate Global Crypto Rulemaking as It Assumes G-20 Presidency
9.12.2022
India has taken over the G-20 – an intergovernmental forum of some of the world’s largest economies – just as much of the world is pondering whether stricter regulation of crypto is needed
India’s Central Bank Digital Currency Should Be Able to Do Anything Cryptocurrency Can Do With No Risk, Official Claims
6.12.2022
An Indian central bank official claims that if there is anything cryptocurrencies like bitcoin and ether can do, the Reserve Bank of India (RBI) should be able to create a product that will do the same job without the associated risks. “This is essentially what we are doing in the CBDC...