Women from small cities contribute to 65% crypto sign ups in India
Mumbai-based WazirX crypto exchange’s latest data shows a 2,648% growth till date in user signups from smaller cities across India. Go to Source Powered by WPeMatico
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Indian crypto exchange becomes unicorn after $90M funding round
CoinDCX’s Series C funding was led by B Capital Group, a VC from Facebook co-founder Eduardo Saverin. Go to Source Powered by WPeMatico
Indian Government Clarifies Status of Cryptocurrency Trading, Regulation, Investor Protection
India’s Ministry of Finance has answered some questions regarding the status of cryptocurrency trading in the country as well as crypto regulation and investor protection. The minister of state for the finance ministry has indicated that the recommendations in the draft bill proposed by the interministerial committee are still being considered. Indian Government Answers Crypto … Read more
India Reportedly Investigating Binance in Chinese Money Laundering Case
Indian authorities are reportedly investigating cryptocurrency exchange Binance in connection with an ongoing Chinese money laundering case that raked in more than 10 billion rupees ($134 million). Binance’s Regulatory Troubles Continue India is reportedly investigating whether the global cryptocurrency exchange Binance had any role in a Chinese money laundering scheme involving betting apps, local media … Read more
Relief Fund Has a Difficult Time Cashing Out the $1B Worth of SHIB Vitalik Buterin Donated
In mid-May, the co-founder of Ethereum, Vitalik Buterin, donated $1 billion worth of shiba inu (SHIB) tokens to India’s Crypto Covid Relief Fund (CCRF). Close to three months later, the CCRF organizers say they have been having issues cashing out the SHIB tokens and so far, only $20 million has been paid out. It’s Not … Read more
Buterin’s $1B SHIB donation tricky to cash out, says fund manager
Realizing Vitalik Buterin’s $1 billion donation in Shiba Inu coins to the Covid Crypto Relief Fund in India has turned out to be a labyrinthine process for the fund’s creator. Go to Source Powered by WPeMatico
Solana hackathon aims to bolster crypto innovation in India
Solana invites students, Web2 & Web3 developers, engineers and anyone looking to get into crypto organized in collaboration. Go to Source Powered by WPeMatico
India to use Ethereum blockchain to verify diploma certificates
A new partnership with LegitDoc places India among early adopters to implement an e-governance system for higher education. Go to Source Powered by WPeMatico
Reserve Bank of India mulls first steps toward an eventual CBDC
RBI is looking for ways to test a CBDC while causing little to no disruption for the bank’s status quo. Go to Source Powered by WPeMatico
Indian regulator probes crypto exchange for alleged forex law violations
The Directorate of Enforcement issued a show-cause notice to the crypto exchange for allowing clients to transfer cryptocurrencies without following the law of the land. Go to Source Powered by WPeMatico