In India, adoption metrics don’t match on-ground reality
There is a key disconnect between India’s top crypto adoption metrics and the lack of widespread cryptocurrency use. Go to Source
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BitGo in talks to launch services in India
India is a leading country on crypto adoption, with digital asset revenues expected to surpass $6 billion in 2024. Go to Source
Binance, WazirX among crypto firms evading taxes in India, says gov’t
India has recovered $14 million in goods and services tax from crypto firms like WazirX, but Binance has yet to pay its $85 million tax evasion liabilities, the minister said. Go to Source
AI training consent a ‘perfect use case’ for blockchain — Aptos co-founder
Aptos co-founder Avery Ching said at the India Blockchain Week that controlling which content can be trained on by AI is something blockchain can help with. Go to Source
Crypto thrives in India despite ‘discouraging’ taxes — Local community
India’s crypto community has shown resilience to harsh taxation requirements, with its crypto ecosystem gaining momentum, although not at its full potential. Go to Source
Reserve Bank of India expanding cross-border payments platform
According to the Atlantic Council, 134 countries are currently exploring CBDCs in different phases — including every G20 country. Go to Source
Indian Official Expresses Doubts About Crypto: ‘I Am Very Skeptical’
India’s financial services secretary expressed deep skepticism about cryptocurrency, calling it a doubtful scheme, despite the nation’s top crypto adoption ranking. Indian Official Speaks Out: ‘Very Skeptical of Cryptocurrency’ M. Nagaraju, Secretary of India’s Department of Financial Services (DFS), expressed strong doubts about cryptocurrencies during the SBI Banking & Economics Conclave on November 18, 2024. … Read more
India Urged to Embrace Bitcoin as Strategic Reserve Asset Amid Global Unrest
Investment firm Bernstein has urged India to recognize bitcoin as a strategic reserve asset, highlighting its potential as “digital gold” amid global financial risks like inflation, U.S. debt, and geopolitical instability. Bernstein argues that India’s current focus on central bank digital currencies (CBDCs) and its classification of bitcoin as a “private currency” overlook BTC’s key … Read more
Bitcoin scammers impersonate police, Sunray Finance $2.7M drain: Crypto-Sec
Scammers pretended to be police and demanded BTC for missing court dates, while an attacker minted a huge number of SUN tokens and dumped them. Go to Source
India Reclaims 102 Tonnes of Gold From Bank of England as Global Risks Rise
The Reserve Bank of India has repatriated 102 tonnes of gold from the UK, bolstering domestic reserves as global instability fuels demand for secure assets. 102 Tonnes of Gold Returned: RBI Shifts Assets From Bank of England India’s central bank, the Reserve Bank of India (RBI), has returned 102 tonnes of gold from the Bank … Read more
