India
The Reserve Bank of India Has its Eyes on CBDC
The Governor of the Reserve Bank of India says the monetary authority is “very much in the game” to launch a CBDC.
India Cryptocurrency Ban Resurfaces, Traders and Miners to be Targeted This Time
India is out again to ban cryptocurrencies with a target on traders and miners.
LinkedIn: Blockchain Jobs Skyrocketing in India
According to LinkedIn’s 2020 Emerging Jobs Report, positions, such as blockchain developers, have skyrocketed to unprecedented levels in India. LinkedIn views emerging jobs as tasks that have witnessed incredible demand in a certain region.
India Darknet Policing Ramps Up Following Drug Racket Arrests
Law enforcement agencies in India are teaming up with national research and academic institutions to enhance their ability to police the darknet.
India Plans to Ban Private Cryptos like Bitcoin in Favor of National Cryptocurrency
India plans introducing a new bill to ban private cryptocurrencies as well as introduce a national digital currency.
India Considers Banning Crypto Trading Which Could Impact 1.7 Million Dependent Local Traders
The federal cabinet in India is expected to discuss a new bill that could once again ban cryptocurrency trading in the nation.
Reserve Bank of India Says Banks Are Authorized to Provide Accounts to Cryptocurrency Traders
The Reserve Bank of India recently responded to an information query, saying that Indian banks are not prohibited from dealing with crypto businesses.
India Taking a Step Towards CBDC After the Debut of its Blockchain-Based Payment System Vajra?
India has been taking multiple stances when it comes to blockchain and cryptocurrencies, as cryptocurrency has not been deemed legal, but not it is not considered illegal either. The National Payments Corporation of India (NPCI) recently designed and adopted a blockchain-based system for automating payment clearing and settlement processes.
The Coffee Board of India Views Blockchain-Driven Platform as the Holy Grail
At least 30,000 coffee farmers have signed up for a blockchain-driven electronic-market platform since it was launched by the Coffee Board of India (CBoI) in March
How the New Crypto Law in India Could Play Out
After the celebration seen in India’s Supreme Court as the verdict was given against the Reserve Bank of India (RBI) in its action of restricting financial institutions from providing banking services to cryptocurrency-based businesses, interested parties are wondering how the recent news will play out.
Indian Crypto Exchanges Seek Clarity on Legal Status and Taxability from the Reserve Bank of India
Crypto exchanges and companies in India are still seeking regulatory clarity and tax status from the Reserve Bank of India following a Supreme Court ruling in favor of the crypto industry earlier this year. India’s Supreme Court reversed the ban placed by the central bank on financial institutions offering crypto-related banking services. It is two months after lifting the ban, crypto exchanges and firms are now seeking clarification regarding the nature of their operations.
India IT Tech Firm Partners with Local Government to Introduce Blockchain Acceleration
Huge development talks originating from Pune City, shows that India IT services firm Tech Mahindra recently introduced the T-block Accelerator, the maiden accelerator program for the Telangana Blockchain District in partnership with the state government and IBC Media, an innovative management company.
Modi Urges Global Effort to Deal with Crypto, Indian Crypto Sector Remains in Uncertainty
The Indian Prime Minister has called for a collective global effort to tackle the challenges posed by cryptocurrencies as the country's crypto sector remains in uncertainty.
Government of India to Deploy Blockchain Technology at a National Level
The Indian government is eyeing the blockchain technology since it has a huge potential of being applied in various sectors such as banking, cybersecurity, education, and governance: securing the future of their economic development and growth. This strategic plan was made known in response to a question in the Lok Sabha as reported by the Indian Times on Nov. 27.
G20 Discusses Crypto Regulations Under India Presidency
G20 members reviewed technological advancements and dangers during the FMCBG conference on Feb. 24–25.
SVC Bank Caught in SVB Collapse Confusion
India's SVC Bank faced panic due to a mixup with collapsing Silicon Valley Bank, as their acronyms' similarity caused confusion among Indian citizens.
Tech Mahindra Developing India’s Blockchain Education with Idealabs Partnership
Tech Mahindra, an Indian multinational IT company, has inked a partnership with Idealabs, an education technology firm, to boost Indian students and aspiring tech professionals with notable blockchain skillsets. Through the strategic collaboration, curated blockchain professional certification courses will be offered made up of live online classes and expert sessions by gurus in the industry.
10BedICU Leverages OpenAI's API to Revolutionize Critical Care in India
10BedICU is using OpenAI's API to enhance India's critical care infrastructure.
India Leverages NVIDIA AI to Automate Tollbooth Operations, Reducing Traffic Congestion
India implements NVIDIA AI to automate tollbooths, aiming to reduce traffic congestion and improve efficiency across the country's extensive road network.
NVIDIA Partners with Indian IT Giants to Propel AI Adoption
NVIDIA collaborates with Infosys, TCS, Tech Mahindra, and Wipro to accelerate AI adoption in India, creating jobs and training developers for the AI era.
India's AI Revolution: Tech Giants Expand AI Factories with NVIDIA
India's cloud providers and manufacturers, including Yotta and Tata, are expanding AI infrastructure with NVIDIA technology, aiming to boost economic growth and innovation.
NVIDIA's Nemotron-4 Hindi Model Transforms India's Healthcare AI Landscape
NVIDIA introduces the Nemotron-4 Hindi NIM microservice, enhancing AI applications in India's healthcare sector, impacting life sciences, medical imaging, and drug discovery.
NVIDIA CEO Jensen Huang to Highlight AI Innovation at India's Summit
NVIDIA's AI Summit in Mumbai will feature CEO Jensen Huang discussing AI's impact. The event, October 23-25, includes sessions on AI's role in various industries.
NVIDIA's AI Innovations Empower Indian Enterprises to Harness Local Language Models
NVIDIA's AI technology helps Indian enterprises develop multilingual models, enhancing accessibility for over a billion speakers of local languages, including Hindi.
India's Robotics Sector Leverages NVIDIA Platforms to Revolutionize Physical AI
Indian robotics firms are utilizing NVIDIA Isaac and Omniverse to spearhead advancements in physical AI, enhancing automation in industries like logistics and urban delivery.
Indian Startups Leverage NVIDIA Technology to Drive AI Innovation
Over 2,000 startups in India, part of NVIDIA Inception, are transforming industries with AI innovations, scaling globally and enhancing enterprise efficiency.
NVIDIA CEO Advocates for India's Autonomous AI Development
NVIDIA CEO Jensen Huang emphasizes India's potential in AI, urging the country to build its own AI infrastructure to leverage its data and talent.
ElevenLabs Expands AI Initiatives in Poland and India with $11 Million Investment
ElevenLabs invests $11 million to enhance AI ecosystems in Poland and India, focusing on talent development, technology localization, and regional growth.
Indian Supreme Court Expresses Discontent Over Lack of Crypto Regulations
The absence of defined rules and regulations governing cryptocurrencies in India has lately drawn the attention of the country's Supreme Court.
Is Bitcoin in India about to Boom? Paxful Survey Projection
Paxful, the peer-to-peer bitcoin marketplace, has released a survey that indicates India’s enthusiasm for Bitcoin has been reignited following the landmark decision to lift the ban on crypto trading.
India’s Telangana State to Stamp Out Fake Academic Certificates via Blockchain
Following concerns raised by the US Embassy that some employees and students were applying for visas using fake academic certificates, the Indian state of Telangana has made a broad move of addressing this menace through blockchain technology.
India Implements AML Standards on Crypto
The Indian government has imposed anti-money laundering (AML) standards on crypto, subjecting a range of crypto transactions to the Prevention of Money-Laundering Act (PLMA) 2002. The PLMA obliges financial institutions to maintain a record of all transactions for the last ten years, provide these records to officials if demanded, and verify the identity of all clients. The notification will complicate the life of crypto companies in India, as regulators worldwide are tightening AML standards for crypto.
India’s Apex Court Postpones Cryptocurrencies Ban Hearing to November
Back in April 2018, the Reserve Bank of India released a press release prohibiting banks from providing financial services to individuals and corporate bodies dealing in cryptocurrencies. This move by the Reserve Bank of India has received many criticisms from several individuals and the High Court of Delhi as the ban clearly violates the constitution.
First Bitcoin Car Heads to the 105th Running of the Indianapolis 500
The world's first Bitcoin car is ready to go public, bringing cryptocurrency to the racing world.
Algorand Foundation Expands its Presence in India
Algorand worked with Hyderabad-based innovation hub T-Hub to assist companies access global financing.
Indian Cricket Regulator Bans Teams from Partnering With Crypto Firms
The Board of Control for Cricket in India (BCCI) has issued a directive to all franchises in the Indian Premier League (IPL) to desist from partnering with crypto exchanges in any form.
India Should Ban Cryptocurrencies, Says RBI Deputy
India should ban cryptocurrencies as they are related to Ponzi schemes or worse and they pose a threat to financial and macroeconomic stability, a deputy governor at the Reserve Bank of India (RBI) said.
OKEx Delves Deeper Into Indian Crypto Space with CoinDCX Partnership
OKEx, a leading Malta-based crypto exchange, has shown its resilience to penetrate the Indian crypto market despite the roaming uncertainties based on its partnership with CoinDCX, the nation’s biggest crypto trading platform.
Indian Government Deploys Blockchain and AI to Enhance Supply Chain
The Indian government has deployed high-end technologies like blockchain and artificial intelligence (AI) in its public procurement portal (GeM) to enhance trade.
Volkswagen's Skoda DigiLab Collaborates with Microsoft for Blockchain-Based Business Solutions
Skoda DigiLab, an innovation hub, has partnered with Microsoft and Lumos Labs for innovative blockchain-based solutions in the business arena.
India’s Central Bank Clears the Air on Cryptocurrencies not Being Outlawed
India’s central bank, the Reserve Bank of India (RBI), has stated that it had not prohibited cryptocurrencies, such as Ethereum and Bitcoin, in the nation as it only highlighted the risks linked to crypto trading to regulated entities like banks.
Ripple CEO Brad Garlinghouse Criticizes India’s New Bill Seeking to Ban Crypto Trading
Ripple CEO has responded to reports that India intends to introduce a ban on crypto trading.
Indian Bill To Ban Cryptocurrency Excluded From Winter Parliament Agenda
The bill to ban cryptocurrency trade in India has been left of its parliamentary winter session agenda, fueling speculation that there has been a change in strategy.
Indian Government Affirms to Regulate Digital Currencies instead of Banning
Affirming the prior speculations on the concerted efforts of the Indian parliament and government to regulate the developing world of cryptocurrencies.
Indian Couple Tie their Knot in the Metaverse, Offering 3D Experience for 500 Guests
Have you ever thought about getting married virtually? An Indian couple decided to arrange their first wedding of its kind in the metaverse.
Indian Exchanges are all Out on Crypto With Ads Ahead of Coming Festive Season
Indian crypto exchanges are planning huge ad campaigns to attract new users ahead of the upcoming festive seasons.
Indian Engineering Students Develop Blockchain-based Smart Voting System
Three Computer Engineering Students have created a Blockchain-based Voting System which will allows casting of votes online, instead of the manual means of standing in a poll.
Gemini Allocates $24 Million for Expansion in India
Gemini is set to invest $24 million in its Gurgaon development center in India, focusing on core platform areas like compliance and security. The move is part of Gemini's broader strategy to tap into India's burgeoning tech and startup ecosystem.
India UPI expanding services to Singapore
The eight-bank digital rupee pilot programme has processed 770,000 transactions.
India Sees a Step Backward as Lawmaker to Advocate Crypto Ban
An Indian Lok Sabha lawmaker, Nishikant Dubey, advocates that the nation should ban cryptocurrencies rather than embrace these nascent assets through regulation.
Neo-Banking Crypto Startup Juno Raises $18M in Series A Funding Round
The India’s neobank is seeking to use the funds towards accelerating its growth and launching more products.
Invesco Mutual Fund Files to the India‘s SEC to Invest in Blockchain Fund
The fund management giant Invesco Mutual Fund has submitted documents to the SEC of India to invest in Invesco Elwood Global Blockchain UCITS Exchange Traded Fund.
India May Imposes 2% "Equalization Levy" on Offshore Crypto Exchanges
According to local media sources in India, the regulator intends to impose a 2% "equalization levy" on investors for cryptocurrency trading services from offshore exchanges that provide services to the Indian market.
Reliance Retail accept digital rupee at one store
Reliance Retail has pledged to assist India's CBDC throughout its companies.
India Chooses to Regulate Crypto, Will Levy 30% Taxes on Income Earned from All Digital Assets
In a dramatic turn of events, India has decided to regulate cryptocurrencies with a major move introducing crypto taxation on all transactions involving digital assets.
CoinDCX Suspends Deposits and Withdrawals, Citing Compliance Requirements
CoinDCX has suspended withdrawals. The exchange said compliance, risk and monitoring requirements necessitated the decision. All users are expected to follow an enhanced due diligence process to enable crypto deposits and withdrawals.
India Considers New Law to End Crypto Trading Despite Numerous Overturns by the Supreme Court
The Indian government is planning to bring in a new law to ban cryptocurrency trading, following the prohibition of banks and financial services to provide services related to crypto.
India’s Demand for Blockchain Developers Soars by 700%
India's demand for blockchain developers has increased by more than 700% because it is viewed as an incredible blockchain destination.
Bithumb Touts Indian Alliances for its New Blockchain Protocol
Bithumb Global, one of the biggest cryptocurrency exchanges globally, has announced its intent of availing its new blockchain protocol in India. Dubbed 'Bithumb Chain,' the South Korea based exchange seeks to avail it to Indian startups, companies and even the administration for developing products and services on the foundation of blockchain technology.
Indian Woman Caught After Stealing 63.5 Bitcoins From Company She Co-Founded
Ayushi Jain, a 26-year-old Indian woman, has been arrested by police after she stole 63.5 Bitcoins worth approximately $420,000 from Bengaluru-based BitCipher Labs LLP, a company she co-founded with Ashish Singhal.
India's Central Bank Slammed with a Two Week Crypto Ban Ultimatum
India's central bank has been slammed by the nation's supreme court about the stance it took in banning cryptocurrency business. It was given two weeks to give a concrete response to justify its actions.
Coinbase to Host Crypto Community Event in India to Support Entrepreneurs
As contained in a Blog post shared by Coinbase Global Inc, it will be hosting a crypto community event in Bangalore to discuss the future of crypto and web3 in the country.
Coinbase Finally Sets Up Crypto Trading Services in India
The establishment of a local foothold follows Coinbase’s acquisition of the Indian-based AI-powered support platform Agara.
India’s WazirX Lays Off 40% Of Workforce, Triggered by Market Hardship
WazirX has joined the growing list of crypto firms reducing headcount amid the ongoing market crash
India's Proposed 30% Tax on Digital Asset Implies Recognition of Cryptos
India's decision to regulate cryptocurrencies by introducing a high crypto tax rate of up to 30% on all transactions involving digital assets is an indication that the government recognizes cryptocurrency transactions as valid.
India’s Central Bank Aims to Undo the Supreme Court Ruling on Lifting the Crypto Ban
India’s central bank, the Reserve Bank of India (RBI) has planned to report a review petition on the recent Supreme Court’s cryptocurrency ruling, according to the Economic Times.
India’s Election Commission Proposed Using Blockchain for Remote E-Voting
India’s Election Commission proposed using blockchain technology as a solution for bringing transparency for remote voting in a discussion on addressing geographical voting issues.
Indian State to Generate 20,000 Blockchain Professionals by 2021
Kerala, a southwestern Indian state, seeks to churn out 20,000 blockchain experts in the next two years. This development is expected to revolutionize the blockchain space in India.
India Advocates for Global Cryptocurrency Framework at G20 Summit
India's Prime Minister, Narendra Modi, emphasized the need for international collaboration in creating cryptocurrency guidelines at the G20 summit, aiming to align regulations with global standards, despite the ambiguous regulatory environment.
India's Largest Shipping Port Operator Adopts Maersk-IBM Blockchain Platform
In the latest development, India’s largest port operator announced on May 27 it is adopting blockchain technology through its shipping and invoicing business.
India Passes Controversial Crypto Tax Laws, Effective on April 1
India’s parliament on Friday passed a law designed to tax digital assets including cryptocurrencies. Users will begin paying capital gains taxes of 30% on crypto transactions from 1st April 2022.
India tests offline functionality of digital rupee
The Reserve Bank of India is testing the offline functionality of its recently launched digital rupee, which has completed 800,000 transactions worth $134 million since its wholesale segment pilot launched on Nov. 1, 2022.
Dubai’s Free Zone to Bridge the UAE-India Agriculture Trade Gap with Blockchain
Dubai Multi Commodities Centre has established a blockchain agriculture trading and sourcing platform to link India's rural farmers with the UAE food sector.
Indian FM says Crypto Taxation is "Sovereign Right"
India's Finance Minister Nirmala Sitharaman came out guns blazing to clarify that cryptocurrency taxation is a "sovereign right" and a "corrective action".
Indian State Eyes Blockchain Technology to Facilitate Remote Voting
The government of Telangana, a southern Indian state, is moving forward with its objective of making the voting process seamless and trustworthy with the help of blockchain technology.
China Financial Institutions Bars Crypto as Payment Tools
Three major regulatory bodies in China have prohibited banks and financial firms to provide cryptocurrencies transaction services.
Belgian Blockchain-Platform-as-a-Service Company Sets Foot in the Indian Market
The Indian blockchain sector is ripe for investment based on the rapid growth witnessed to the tune of at least $20 billion as this technology is being deployed in different industries. As a result, SettleMint, a Belgian blockchain-platform-as-a-service company, has revealed its penetration into the Indian market.
India’s Finance Minister Says Crypto Ban May not Happen and Government May Experiment with New Technologies
India’s Finance Minister, Nirmala Sitharaman, has revealed that the government is not intending to completely ban cryptocurrencies.
CBI and Liminal Collaborate for Digital Asset Security in India Amid Crypto Scams
The Central Bureau of Investigation of India is partnering with Singapore-based Liminal to secure digital assets seized during investigations amid rising cryptocurrency frauds in India.
XRP Price Slumps as SEC’s Ripple Lawsuit Worries India’s Crypto Exchanges
US lawsuit against Ripple blockchain company worries crypto exchanges in India.
Indian State Plans to Combat Fake COVID-19 Vaccines with Blockchain
The administration of Telangana, a southern Indian state, intends to avert any attempt of hoarding or black-marketing of COVID-19 vaccines using blockchain technology.
RBL Bank Partners with Accenture to Build A Digital Bank Infrastructure
RBL Bank announced that it will partner with Accenture, who envisions that it will enhance the bank’s information technology (IT) network and services.
India Reportedly Postpones to Test Digital Rubee in Q1 in 2023, Amid Banning Private Cryptos
Reportedly, the Indian government has postponed the trial date of testing digital Rubee until Q1 of 2023, the digital form of central bank digital currency (CBDC), according to local media outlets.
The Reserve Bank of India Clarifies Stance About Crypto Ban
RBI has eased off its harsh grip on crypto activities for banks and other regulated institutions in India.
India Accuses WazirX of Tax Evasion, Future of Local Crypto Sector Remains Unclear
India’s largest cryptocurrency trading platform, WazirX, has been accused by the country's authorities of tax evasion worth $5.4 million.
Indian Supreme Court Rejects Crypto Petition: Legislative Nature Emphasized
The Indian Supreme Court's decision not to accept a PIL for cryptocurrency regulation underscores the legislative nature of such regulations and the ongoing regulatory uncertainty in the crypto sector.
India to Consider Levying 28% Tax on Crypto Transaction
Through the Goods and Services Tax (GST) body, India is mulling the idea of levying a 28% tax on transactions bordering on digital currencies in the Asian nation.
Crypto Tax Automation Platform Koinx Secured a $1.5M Seed Round
On July 5, Koinx, a crypto tax platform focused on providing tax automation for crypto users, announced the completion of a $1.5 million seed round.
GoSats Pairs with NPCI to Launch a New Bitcoin Cashback Reward Card in India
The Bitcoin Rewards app GoSats has partnered with the National Payments Corporation of India (also known as NPCI) to launch a new cash-back reward card in India.
Hopes Dashed for India's Crypto Community
The Indian crypto community was upset that the budget did not address crypto, hoping for a 30% tax decrease.
G20 To Establish Standards For Global Crypto Regulatory Framework
The Financial Stability Board, IMF, and BIS will propose worldwide crypto regulations.
India’s Telangana State Partners with CasperLabs for Seamless Blockchain-Powered Government Processes
To stimulate more secure, efficient, and sustainable government processes, India’s Telangana State has joined hands with CasperLabs to revamp operations using blockchain technology.
60-Year-Old Man Cons Over 50 People with Indian Crypto Scam
Police have revealed another crypto scam in India has left more than 50 people counting losses.
The RBI will pilot retail CBDC in December
The RBI is planning to test the "digital rupee" in retail. Within a month, the pilot will debut. Digital rupees will augment the present payment system, not replace it. Each bank testing CBDC will utilize 10,000 to 50,000 people.
India’s Government Plans to Bring Back Law to Ban Cryptocurrencies
A report revealed that the Finance Ministry is now inviting other ministries to have a discussion of its earlier draft on the crypto ban introduced a year ago.
India Crypto Exchanges Restrict Rupee Deposits to Buy Crypto
Indian cryptocurrency exchanges CoinSwitch Kuber and WazirX have banned users from making rupee deposits to buy cryptocurrencies due to issues with the United Payments Interface (UPI), Reuters reported.
15% Indians Set Foot in the Crypto Space, KuCoin Study Shows
As of June 2022, the number of crypto investors in India had clocked 115 million, representing 15% of the nation’s population aged 18 to 60 years, according to a survey by crypto exchange KuCoin.
Google Announces Support for the 2024 Indian General Election
Google announces its support for the 2024 Indian General Election, leveraging AI and partnerships to provide voters with reliable information, combat misinformation, and ensure a fair and transparent election process.
Crypto Trading in India Soared by 400% During COVID-19 Lockdown
With the ongoing COVID-19 pandemic, India’s cryptocurrency trading industry has seen an increase of 400 percent over the last few months.
CoinDCX Becomes India's First Crypto Unicorn after Receiving $90M Financing Led by the Founder of Facebook
CoinDCX, India’s largest crypto-enabled financial services company, has raised $90 million in financing led by Facebook co-founder Eduardo Saverin’s fund B Capital,becoming the first Indian crypto unicorn.
Tim Draper Plans to Capitalize on Indian Cryptocurrency Renaissance
Tim Draper is a billionaire investor best known to the crypto community for his participation in the FBI’s 2014 Silk road auctions where he won thousands of Bitcoin. The venture capitalist has revealed the he is now honing in on India's emerging cryptocurrency sector and hopes to fund many of the region's startups.
Cashing Out Vitalik Buterin’s Crypto Donation Proves Difficult for India’s Covid Relief Fund
Ethereum co-founder Vitalik Buterin donated $1 billion worth of cryptocurrency to a crypto Covid relief fund in India.
Binance Bans WazirX From Using Its Services
Indian cryptocurrency exchange WazirX was given an ultimatum to withdraw incorrect assertions about Binance ownership or lose access to its wallets.
Bitcoin and Libra’s Ultimate Underlying Value to be Determined by Central Banks, says Ex-RBI Governor
Former Indian central bank governor said that Bitcoin and Libra could play a role in a world where central banks are issuing their own digital currencies.
India’s Tea Board Contemplates Using Blockchain to Stamp Out Tea Adulteration
India’s Tea Board seeks to mitigate the problem of tea adulteration by using blockchain technology as this will enhance consumers’ experience, as well as preserve the reputation of the Indian tea. Moreover, the consumption of tea in this nation will be boosted through an improved experience.
India's Crackdown on Crypto Exchanges: Binance, Kraken, Mexc, and Kucoin Delisted from App Store
India's FIU removes apps of major crypto exchanges, including Binance and Kraken, from the App Store, enforcing compliance with anti-money laundering laws amid new crypto tax policies.
India’s Supreme Court Turned the Tables on Crypto Ban in Landmark Ruling
In a momentous ruling, India’s Supreme Court has lifted the ban made by the Reserve Bank of India (RBI), the nation’s central bank, on banks and other regulated entities dealing with cryptocurrencies. The court noted that preventing regulated entities from offering banking services to crypto trading stakeholders did not hold any water.
India’s Telangana State Keeps the Ball Rolling with Blockchain-Centered Incubator
The administration of Telangana, a Southern Indian State, has announced the setting up of an incubator meant for startups in the blockchain technology field
India’s Crypto Bill Hearing Postponed by Supreme Court
The Indian supreme court has set a new date to hear the crypto case, which was originally scheduled for July 23. The purpose of the hearing was to address the writ petitions against the central bank’s crypto restriction.
India Consults Stakeholders Related to Cryptocurrency Ban
The Indian government is exploring an alternative approach to handling digital currencies, rather than a blanket ban.
India's Government Plans to Bar Cryptocurrency Transactions, but Allow Holding as Assets
India’s government believes that cryptocurrency is here to stay and the focus should entirely be on regulating it, not banning it.
Indian Securities Regulator Urges Mutual Fund Companies To Avoid Investing In Crypto, Until Regulations Set In
SEBI urges mutual fund companies in India to avoid investing in cryptocurrencies as the government is still considering new crypto rules.
Indian PM Modi Urges Democratic Nations to Cooperate on Making Crypto Safe
India’s Prime Minister Narendra Modi urged cooperation between the world’s democracies to ensure that crypto coins such as Bitcoin and Ethereum do not finance criminals and terrorist groups.
Indian film studio Zee Studios has Partnered with Nftically to Launch the First NFT Drop on Polygon Blockchain
Indian film studio Zee Studios announced that it has partnered with the Software as a Service (SaaS) platform Nftically to launch its first-ever NFT drop on Polygon blockchain.
Indian Finance Minister Urges Banks to Use Web3 Technology to Detect Fraud
Indian Finance Minister Nirmala Sitharaman called on banks to use technologies such as Web3 and AI to detect fraud and generate early warning signs at the 75th Annual General Meeting of the Indian Banks Association in Mumbai on September 18.
Crypto Traders Exodus from Indian Exchanges due to High Tax Rate
With Binance app downloads skyrocketing to 429K in August, traders are leaving Indian crypto exchanges based on a fallout triggered by a significant tax change.
Jay-Z and Jack Dorsey to Fund Bitcoin Development in Africa and India with $24.5M
To enable the penetration and adoption of Bitcoin on African and Indian soils, Jay-Z and Jack Dorsey are to give away $24.5 million in BTC.
India's Largest Crypto Exchange CoinDCX Raises $2.5 Million in New Growth Capital to Increase User Base
CoinDCX, India’s largest crypto exchange, has announced that it has raised $2.5 million from investors like Polychain Capital and Coinbase Ventures. Polychain Capital led the funding round with support from Coinbase Ventures, the investment arm of the US cryptocurrency exchange Coinbase. CoinDCX had raised a $3 million Series A round earlier in March, which was also led by Polychain Capital and included HDT Group (operator of BitMEX) and Bain Capital Ventures. The company’s other main investor, Coinbase Ventures, has also made investments in other crypto businesses like BlockFi, Messari, Compound, Securitize, and Etherscan.
Indian Minister Reveals Crypto Regulatory Measures to Tame Terrorism
G. Kishan Reddy, India’s Union Minister of State (MoS) for Home Affairs disclosed that the nation would incorporate the standards of the Paris-based Financial Action Task Force (FATF) to deter terrorism by cutting off funding sources, especially cryptocurrencies.
India's Proposed Crypto Tax Rules May Become Law
India's proposed crypto tax rules may become law tomorrow through parliament.
India Proposes Effective Ban for All Private Crypto Assets, Except a Few In Forthcoming Bill
Most cryptocurrencies appear to be on their last lap in India. The country is set to propose a ban for most digital assets starting at the end of this month.
India’s Central Bank to Begin Testing Its CBDC in December
The governor of India’s central bank recently said that the regulator is preparing to start trial programs for its digital rupee by December. The central bank revealed that it will examine the functionality of the national central bank digital currency to ascertain the suitability of the underlying technology.
Indian Banks Seeking Clarity from NPCI on the Use of UPI for Crypto Transactions
NPCI’s formal directive on the use of UPI payment method for crypto transactions is unlikely to come soon.
Indian Tech Giant Infosys and Matic Network to Reinvigorate Dapp User Experience
In a pivotal technological partnership, Infosys joins Matic network as an early transaction validator. This synergy will offer a strong tech structure to the Matic operations with DApps.
Indian Crypto Taxation Leads to Increase in Daily Sign-ups for Exchange Platforms
Indian crypto-asset exchange platform WazirX witnessed a 30% jump in its daily sign-ups since the country decided to impose a 30% tax on profits from cryptocurrency trading, according to co-founder Nischal Shetty.
Crypto Ads in India to Brandish with "Highly Risky" Disclaimer
The Advertising Standards Council of India (ASCI), the sovereign regulatory body for advertisements, has published a new set of guidelines for stakeholders in the digital currency ecosystem.
RBI Says India Will Initially Go for Basic Model For CBDC
India’s central bank plans to launch a basic model of the CBDC before implementing a more sophisticated version.
Indian Finance Minister Sees "Clear Advantages" in CBDC
India’s Finance Minister, Nirmala Sitharaman, has hailed the Central Bank Digital Currency (CBDC) being developed by the Reserve Bank of India (RBI).