India working on 5-point crypto legislation as ban is ruled out
Indian crypto platforms could attain similar status as authorized dealers (similar to banks) under the guidelines of the Indian Central Bank RBI. Go to Source
India
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G20 nations reaffirm responsible use and development of AI technology
The G20 member nations recommended addressing existing concerns around data protection, biases, appropriate human oversight, and ethics to ensure the responsible use and development of AI. Go to Source
NFT startup Rario loses founders after $120M funding last year: Report
As part of the reported restructuring efforts at Rario, a number of roles are also being eliminated, according to the report. Go to Source
India G20 confirms ‘active discussions’ around global crypto framework
Sitharaman said crypto was a “threat as well as an opportunity” while confirming that the G20 members are working toward this vision of establishing a global crypto framework. Go to Source
Indian central bank-backed NPCI begins blockchain recruitment
Singapore, Malaysia, the UAE, France, Benelux countries, Nepal and the U.K. have adopted the NPCI’s UPI payments system to varying degrees. Go to Source
Digital rupee gets big usability boost through Yes Bank integration with UPI
Yes Bank’s app UPI integration is the first for the Indian retail CBDC, which has seen a variety of projects since its pilot launch since December. Go to Source
OKX plans to enter India, hire local employees for Web3 exploration
The CMO of OKX says the company is looking into its entrance in the Indian market through hiring local employees and “understanding the culture.” Go to Source
Indian crypto exchanges CoinSwitch, CoinDCX cut staff amid market slump
Indian crypto exchanges like CoinSwitch and CoinDCX have been struggling to maintain headcount amid bear market and TDS. Go to Source
Indian PM Modi calls for global cryptocurrency framework at G20 Summit
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. Go to Source
Crypto P2P scams in India show digital asset education is needed
Scammers have made it impossible for Indian crypto traders to conduct P2P trades owing to several police complaints and bank account freezes that follow. Go to Source
