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Indian Government Clarifies Status of Cryptocurrency Trading, Regulation, Investor Protection
3.8.2021
India’s Ministry of Finance has answered some questions regarding the status of cryptocurrency trading in the country as well as crypto regulation and investor protection. The minister of state for the finance ministry has indicated that the recommendations in the draft bill proposed by...
India Reportedly Investigating Binance in Chinese Money Laundering Case
1.8.2021
Indian authorities are reportedly investigating cryptocurrency exchange Binance in connection with an ongoing Chinese money laundering case that raked in more than 10 billion rupees ($134 million). Binance’s Regulatory Troubles Continue India is reportedly investigating whether the global...
Relief Fund Has a Difficult Time Cashing Out the $1B Worth of SHIB Vitalik Buterin Donated
28.7.2021
In mid-May, the co-founder of Ethereum, Vitalik Buterin, donated $1 billion worth of shiba inu (SHIB) tokens to India’s Crypto Covid Relief Fund (CCRF). Close to three months later, the CCRF organizers say they have been having issues cashing out the SHIB tokens and so far, only $20 million...
Buterin’s $1B SHIB donation tricky to cash out, says fund manager
28.7.2021
Realizing Vitalik Buterin's $1 billion donation in Shiba Inu coins to the Covid Crypto Relief Fund in India has turned out to be a labyrinthine process for the fund's creator
Solana hackathon aims to bolster crypto innovation in India
27.7.2021
Solana invites students, Web2 & Web3 developers, engineers and anyone looking to get into crypto organized in collaboration
India to use Ethereum blockchain to verify diploma certificates
27.7.2021
A new partnership with LegitDoc places India among early adopters to implement an e-governance system for higher education
India’s Central Bank RBI Unveils Plan to Launch Digital Currency in Phases
23.7.2021
The deputy governor of the Reserve Bank of India (RBI) has revealed that the central bank is planning to launch a state-backed digital currency in phases so that it would have “little or no disruption to India’s banking or monetary systems.” RBI Plans ‘Phased...
Reserve Bank of India mulls first steps toward an eventual CBDC
22.7.2021
RBI is looking for ways to test a CBDC while causing little to no disruption for the bank’s status quo
Indian regulator probes crypto exchange for alleged forex law violations
19.7.2021
The Directorate of Enforcement issued a show-cause notice to the crypto exchange for allowing clients to transfer cryptocurrencies without following the law of the land
Softbank leads $800M investment for banking app Revolut
15.7.2021
Now valued at $33 billion, Revolut didn’t rule out a potential IPO this year, but the firm's CFO suggested that it was unlikely
Indian high court seeks ad disclaimers from crypto exchanges
15.7.2021
India’s Delhi High Court is looking to put a clear voiceover and a disclaimer covering 80% of the screen on crypto ads on national TV
India’s ICICI Bank warns remittance users to steer away from Bitcoin
13.7.2021
The bank has also asked users to not any invest fiat currency that may have links to previous cryptocurrency investments
Indian Bank Blocks Use of RBI’s Remittance System for Crypto While Government Delays Bill
13.7.2021
Major Indian bank ICICI has asked customers not to use the Reserve Bank of India (RBI)’s liberalised remittance scheme (LRS) for any crypto-related investments. ICICI, a leading private sector bank in India, has updated its retail outward remittance application to include cryptocurrency. With...
Gold Spikes Higher as Fed’s Minutes Report Looms, Central Bank Bullion Purchases Begin to Swell
6.7.2021
After a long break, monthly purchasing data shows that central banks are buying gold again. The World Gold Council says throughout March and April, the organization recorded a higher level of central bank monthly gold purchases and the latest data from May shows the exact same trend. Gold Rises...
India’s Finance Minister Says Crypto Bill Ready for Cabinet
6.7.2021
India’s finance minister has provided a status update on the country’s cryptocurrency bill that the government has been working on. “We have done a lot of work on it. We have taken stakeholders’ inputs,” she was quoted as saying. Status of Indian Crypto Bill Indian...
Coinbase Actively Building Crypto Hub in India, Looking to Hire ‘Hundreds’ of People
6.7.2021
The Nasdaq-listed cryptocurrency exchange Coinbase is actively building a cryptocurrency hub in India. The company says it has “ambitious plans” for the South Asian crypto hub and is looking to hire for many positions, including hundreds of engineers. Coinbase Has ‘Ambitious...
Crypto exchanges in India still struggling to secure banking partners
1.7.2021
India’s crypto exchanges continue to cope with the burden of limited access to banking services
Slow, but not steady: India’s stance on Bitcoin and crypto is evolving
30.6.2021
India’s regulatory stance on crypto has been shaky at best and prejudiced at worst, but what is India actually doing about crypto?
Indians Hold $40 Billion in Cryptocurrency, Report Suggests
29.6.2021
Crypto investments in India have been gaining significant traction over the past year, blockchain data indicates. Despite the ambiguous regulatory situation in the country, more than 15 million Indians have bought or sold digital currencies. Indian Crypto Investments Increase Amid Regulatory...
WazirX Takes Significant Steps for Crypto Adoption in India
29.6.2021
WazirX Announces Partnership with SonyLIV WazirX, the Bitcoin trading platform of India, has entered into a partnership contract with SonyLIV to be the co-presenting sponsor at UEFA EURO 2020 that will begin to be live-streamed at SonyLIV from June 11, 2021. According to the WazirX Review,...