Binance distances from WazirX as Indian regulators keep chasing crypto
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
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Binance sides with Indian regulators in WazirX fallout, to cease support for off-chain transfers
Binance denied any equity ownership in the India-based crypto exchange after the latter came under regulatory scrutiny. Go to Source Powered by WPeMatico
Indian authorities freeze $8.1M in WazirX funds as part of AML investigation
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
Targeting the US Dollar’s Hegemony: Russia, China, and BRICS Nations Plan to Craft a New International Reserve Currency
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
Indian Finance Minister: Crypto Ban, Regulation Effective Only With Significant International Collaboration
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
India needs global collaboration to decide on crypto’s future, says finance minister
Indian finance minister reiterated RBI’s stance on the crypto market, claiming it’s driven by speculation. Go to Source Powered by WPeMatico
The regulatory implications of India’s crypto transactions tax
India’s introduction of new crypto taxes had a negative impact on overall trading, forcing entrepreneurs to move to friendlier jurisdictions. Go to Source Powered by WPeMatico
Indian blockchain firm 5ire secures $100M to fund sustainability-focused project
An Indian development firm looks to create a bridge between sustainability and blockchain technology with a proprietary layer-1 protocol incentivizing the use of United Nations sustainable development goals. Go to Source Powered by WPeMatico
Bollywood A-lister-backed GARI token plunge sparks rug pull rumors
GARI token was launched by Salman Khan, an A-list celebrity from Bollywood, with an aim to help Indian creators monetize their content over a short video application Chingari. Go to Source Powered by WPeMatico
Vladimir Putin Says West’s Attempt to ‘Crush the Russian Economy’ Did Not Succeed
Last week the Russian ruble hit a seven-year high against the U.S. dollar and while analysts have downplayed the rise, one economist said people should not “ignore the exchange rate.” American economists have been perplexed about the ruble’s market performance and Russian officials have been quoted as saying that a strong ruble “makes Russian exports … Read more