India

India

CoinDCX in Talks With Facebook Co-Founder to Raise Up to $120M: Report

Jamie CrawleyJul 29, 2021

The funding round would accord the Indian company unicorn status, with a valuation of more than $1 billion.

Funding

India’s ICICI, Axis and HDFC Bank Take Stakes in Blockchain Startup IBBIC: Report

Tanzeel AkhtarJul 27, 2021

All three have holdings in excess of 5% in the company, which develops distributed ledger technology products for Indian financial services.

Binance

Indian Authorities to Question Binance on Laundering of Betting Proceeds: Report

Jamie CrawleyJul 30, 2021

The Enforcement Directorate is investigating Chinese-operated betting apps that have collected more than $134 million over the last 10 months.

Opinion

NFTs Are Coming to India’s Flourishing Art Market

Ruchir DalmiaJul 24, 2021

Auction houses are struggling to cater to India’s growing appetite for art. With 624 million internet users in India, NFTs could be the perfect disruptor.

India

India’s Central Bank Considering Pilot Programs for CBDC: Report

Jamie CrawleyJul 22, 2021

Deputy Governor T. Rabi Sankar said a CBDC would reduce the use of cash and protect citizens from the volatility of cryptocurrencies.

India

India

Indian High Court Seeks Disclaimers on Crypto Advertising

Jamie Crawley

The High Court of Delhi is seeking responses and has scheduled the matter for discussion in August.

Investments

India’s ICICI Bank Stops Customers From Making Overseas Crypto Investments

Omkar Godbole

ICICI Bank is telling customers not to use foreign remittances to invest in cryptocurrencies.

Cryptocurrency Exchanges

Indian Exchanges Unfazed by Current Crypto Bear Market: Report

Sebastian Sinclair

Despite the downturn, exchanges say they are looking to build up their infrastructure for when the next big boom in crypto rolls around.

Coinbase

Coinbase to Woo India Recruits With $1,000 in Crypto

Jamie Crawley

The exchange's aim is that recruits will use the incentive to learn about crypto.

Blockchain Technology

Tech Mahindra Joins StaTwig in Global Vaccine-Tracing Blockchain

Sandali Handagama

The firms say the blockchain can improve transparency and prevent failures in global vaccine supply chains.

Exchanges

India Could Hit International Crypto Exchanges With Additional 18% Tax: Report

Jamie Crawley

Most Indian exchanges pay the goods and services tax on their profits and commissions in the absence of clarity from the country's tax authority.

Opinion

India May Have Quietly Shown Its Hand on Crypto Regulation

Tanvi Ratna

A recent enforcement action against Wazir-X, India's largest exchange, offers a glimpse of how regulators might eventually treat cryptocurrency there.