Wazirx Plans to Delist 3 Stablecoins, Leftover Balances Will Be Auto-Converted to BUSD

Wazirx Plans to Delist 3 Stablecoins, Leftover Balances Will Be Auto-Converted to BUSDThe crypto asset exchange Wazirx is following Binance’s move by delisting a number of stablecoins and automatically converting them to BUSD at a 1:1 ratio. Wazirx customers have until September 23 to withdraw their stablecoins if they don’t want the funds converted. Wazirx Plans to Drop 3 Stablecoins and Auto-Convert Them to BUSD by October […]

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Crypto Exchange Coinbase Launches in India — Quickly Runs Into Trouble With UPI Payment System

Crypto Exchange Coinbase Launches in India — Quickly Runs Into Trouble With UPI Payment SystemCryptocurrency exchange Coinbase has announced that it is launching full-scale crypto trading in India with Unified Payments Interface (UPI) support. However, moments later, the National Payments Corporation of India (NPCI), which developed UPI, stated that no crypto exchange is using the UPI system. Coinbase Launches in India, Hit With UPI Problem The Nasdaq-listed cryptocurrency exchange […]

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Indian Exchange Postpones Repaying Stolen Bitcoins – No Permission From Authorities

Indian Exchange Postpones Repaying Stolen Bitcoins - No Permission From AuthoritiesIndia’s cryptocurrency exchange Coinsecure has announced that it cannot repay customers their stolen bitcoins at this time. The exchange claims that while investigations are underway, permissions are needed from the authorities to start the claims process which it has not yet received. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Repayment Delayed Indian exchange […]

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Roles of Regulators Decided in India, Rules on Bitcoin Coming Soon

Roles of Regulators Decided in India, Rules on Bitcoin Coming SoonIndia will soon have its own rules on bitcoin. The responsibilities of various regulators have been determined, a high-ranking official revealed. Relevant institutions are currently finalizing a comprehensive government policy on cryptocurrencies. Representatives of the Indian crypto community, meanwhile, have quashed fears of an imminent ban. Also read: No Strong Case to Ban Crypto Trading, […]

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Indians Confused Over Crypto Taxation – Exchanges Ask Government to Clarify

Indians Confused Over Crypto Taxation – Exchanges Ask Government to ClarifyThe Indian government has been cracking down on cryptocurrency-related tax evasion. While the tax authority has notified crypto exchanges and wealthy traders that they must pay taxes, no clear guidelines have been provided. Indians are confused about how cryptocurrencies are taxed and seven bitcoin exchanges are asking the regulators for clarification. Also read: Russian Regulators Draft […]

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