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A KuCoin survey estimates that some 115 million Indian citizens are invested in cryptocurrencies, while many are still concerned about the government’s stance towards the sector. Go to Source Powered by WPeMatico
New data shows a 10-fold increase in the return correlations between Bitcoin and stocks in some regions. Go to Source Powered by WPeMatico
The Indian police launched an investigation against BitConnect co-founder Satish Kumbhani months after the U.S. SEC said he relocated from India. Go to Source Powered by WPeMatico
India’s finance minister has cautioned investors about cryptocurrency as the country’s Enforcement Directorate (ED) investigates a number of crypto exchanges and freezes the assets of some trading platforms. Indian Finance Minister Cautions About Crypto Indian Finance Minister Nirmala Sitharaman reportedly warned about cryptocurrency Saturday at an event organized by the BJP Economic Cell. She cautioned … Read more
The ownership of WazirX became a hot topic as CZ claimed the deal never went through, but three years later, there’s still no clarity. Go to Source Powered by WPeMatico
Binance denied any equity ownership in the India-based crypto exchange after the latter came under regulatory scrutiny. Go to Source Powered by WPeMatico
The Directorate of Enforcement of India alleged that WazirX “actively assisted around 16 accused fintech companies in laundering the proceeds of crime using the crypto route.” Go to Source Powered by WPeMatico
While inflation data in Europe and the U.S. has risen significantly higher last month, Russia and members of the BRICS countries revealed leaders in the five major emerging economies are in the midst of “creating an international reserve currency.” Analysts believe the BRICS reserve currency is meant to rival the U.S. dollar and the International … Read more
India’s finance minister has informed parliament that the central bank, the Reserve Bank of India (RBI), wants cryptocurrencies to be prohibited. However, she noted that “any legislation for regulation or for banning can be effective only after significant international collaboration.” Indian Finance Minister on Crypto Ban and Regulation Indian Finance Minister Nirmala Sitharaman answered some … Read more
Indian finance minister reiterated RBI’s stance on the crypto market, claiming it’s driven by speculation. Go to Source Powered by WPeMatico
