Indian crypto platforms could attain similar status as authorized dealers (similar to banks) under the guidelines of the Indian Central Bank RBI.
Category: indian crypto
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India expands national payment network to Singapore: What’s in it for crypto?
One of the banking partners in the cross-border remittance service is also part of the government’s CBDC program.
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WazirX releases proof of reserves with majority of funds in Binance wallets
The cryptocurrency exchange released its proof of reserves and proclaimed to be India’s largest exchange both in volume and reserve funds.
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Indian authorities unfreeze millions in locked WazirX bank accounts
The Indian crypto exchange was under investigation by local authorities for money laundering allegations which caused a freeze on over $8.1 million in bank account funds.
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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.
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India cooperates with IMF on crypto consultation paper
The document, which could define a national framework for digital assets, is almost ready.
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India to roll out CBDC using a graded approach: RBI Annual Report
Halfway through 2022, at the proof of concept stage, RBI is in the process of verifying the feasibility and functionality of launching a CBDC.
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Indian central bank’s ‘informal pressure’ disrupted payments: Coinbase CEO
“I guess we have a concern that [the Reserve Bank of India] may be actually in violation of the Supreme Court ruling,” said Coinbase CEO Brian Armstrong.
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Indian IT Ministry directs crypto exchanges to store user data for 5 years
The new directives for VPN service providers and crypto exchanges would require them to collect critical private information as well as the ownership patterns of customers.
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Binance to drive crypto and blockchain awareness among Indian investors
Binance also highlighted that Indian regulators and policymakers cite the lack of education as an area of concern, hindering crypto’s widespread adoption in the region.
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