Search
Indian state governments spur blockchain adoption in public administration
19.9.2023
Numerous initiatives by local and state governments in India — from data management systems to verifiable certificate issuances — currently use blockchain technology
Indian Crypto Exchanges Expect Clear Regulations Following G20 Declaration
15.9.2023
The recent push by G20 members to establish a global framework to regulate crypto has sent a wave of optimism among Indian crypto firms and investors.
India’s intention to work with global consensus on regulating the crypto industry has come as good news for domestic crypto exchanges, which have...
India to Finalize Crypto Stance in Coming Months, Economic Affairs Secretary Says
12.9.2023
India’s economic affairs secretary says the Indian government will decide on the country’s crypto position “in the coming months.” He explained that the government will consider all the recommendations presented at the G20 summit regarding crypto regulation “very carefully...
India working on 5-point crypto legislation as ban is ruled out
11.9.2023
Indian crypto platforms could attain similar status as authorized dealers (similar to banks) under the guidelines of the Indian Central Bank RBI
India’s Central Bank Digital Currency Has 1.5M Users, 300K Merchants, Says RBI Chief
11.9.2023
Reserve Bank of India (RBI) Governor Shaktikanta Das has revealed that India’s central bank digital currency (CBDC) now has around 1.5 million users. In addition, over 300,000 merchants are currently accepting payments in digital rupees, and the pilot is being operated through 13 banks in...
IMF and FSB Release ‘Policies for Crypto Assets’ at G20 Request
9.9.2023
The International Monetary Fund (IMF) and the Financial Stability Board (FSB) have published their synthesis paper titled “Policies for Crypto Assets,” which was developed at the request of the Indian G20 Presidency. The global organizations “have set out a roadmap to ensure effective...
G20 Nations Actively Discussing Crypto Framework, Says Indian Finance Minister
6.9.2023
The G20 countries are actively discussing a global framework for crypto assets under India’s presidency, Finance Minister Nirmala Sitharaman has revealed. “India’s presidency has put on the table key issues related to regulating or understanding that there should be a framework...
Indian central bank-backed NPCI begins blockchain recruitment
4.9.2023
Singapore, Malaysia, UAE, France, BENELUX countries, Nepal and the UK have adopted the NPCI's UPI payments system in varying degrees
Indian crypto exchanges CoinSwitch, CoinDCX cut staff amid market slump
29.8.2023
Indian crypto exchanges like CoinSwitch and CoinDCX have been struggling to maintain headcount amid bear market and TDS
Indian Crypto Layoffs Continue as CoinSwitch Fires 44 Employees Citing Redundancy in Roles
29.8.2023
CoinSwitch, an Indian crypto unicorn, has become the latest in the crypto layoff spree in India, announcing job cuts in its customer support and operations teams.
In a recent update from the company, a spokesperson told MoneyControl that CoinSwitch has laid off 44 employees as a part of company...
Indian Crypto Exchange CoinSwitch Cuts Support Team, Citing Market Doldrums
29.8.2023
The crypto investment platform laid off 44 people, or nearly 7% of its employees, about three weeks ago
Indian Billionaire Mukesh Ambani's Firm Will Explore Blockchain Platforms and CBDCs
28.8.2023
Reliance Industries Ltd. is entering the world of blockchain and central bank digital currencies (CBDCs), its Chairman and Asia's richest man, Mukesh Ambani, announced on Monday
Indian PM Modi calls for global cryptocurrency framework at G20 Summit
28.8.2023
India has advocated for a global crypto framework for years, however, back home, the crypto ecosystem is still looking for a clear regulatory framework and simpler taxation
India’s Prime Minister Calls for Global Crypto Framework With Focus on Unified Approach, Adoption, Democratization
28.8.2023
India’s Prime Minister Narendra Modi says crypto needs “a global framework and regulations.” He stressed: “The rapid pace of change of technology is a reality — there is no point in ignoring it or wishing it away. Instead, the focus should be on adoption, democratization, and a unified approach.”...
Indian Official: De-Dollarization Remains Distant, Rupee Should Become Dominant Currency
27.8.2023
India’s oil and gas minister says de-dollarization is a long way away. The official emphasized his desire to conduct all transactions in rupees, expressing his wish for the Indian currency to become “the lead currency in the world.” Indian Official on De-Dollarization India’s Minister...
BRICS Countries Can Use India’s UPI Instant Payment System, Prime Minister Modi Suggests
24.8.2023
Member states of the BRICS bloc can follow the example of other nations and start using India’s Unified Payments Interface (UPI) system, according to Prime Minister Narendra Modi. The country is a leader in digital transactions, the head of the Indian government said in South Africa where...
BRICS Bank to Issue First Indian Rupee Bond — Plans to Boost Local Currency Lending
23.8.2023
The New Development Bank (NDB), also known as the BRICS Bank, is reportedly planning to issue its first Indian rupee bond by October. Last week, the bank issued its first South African rand bond. “NDB is seeking to increase its presence in the local capital markets of its member countries,...
Indian Crypto Exchange CoinDCX Lays Off 12% of Staff Citing Prolonged Bear Market and TDS
22.8.2023
Indian Crypto exchange CoinDCX, backed by Coinbase Ventures, fired 12% of its workforce on Tuesday, citing ongoing macroeconomic conditions and the TDS on crypto transactions.
The company clarified that it is the first time CoinDCX is laying off employees. Earlier in Jan, it announced an internal...
Indian Crypto Exchange CoinDCX Is Cutting 12% of Jobs as Bear Market, Taxes Take Their Toll
22.8.2023
As many as 71 people are losing their jobs
BRICS Not Focusing on Creating Common Currency, Indian Official Says
22.8.2023
A top Indian official has downplayed the creation of a shared BRICS currency. Emphasizing that “common currency discussions have several prerequisites before you can even talk about a common currency framework,” the official stressed that the BRICS nations have focused on boosting settlements...