Indian cryptocurrency exchange CoinDCX announced on Tuesday a $135 million Series D funding round. The company’s valuation in the new round has nearly doubled to $2.15 billion from $1.1 billion in Aug...
Tag: Indian
Crypto May Be Used To Fund Terror, Indian Finance Minister Says
Nirmala Sitharaman, India’s finance minister, presented a compelling argument Tuesday for the global regulation of crypto in order to limit the risk of money laundering and terrorist financing. Her re...
Indian Crypto Exchange WazirX To Shift Base To Dubai
WazirX, one of India’s largest crypto exchanges, is planning to shift its headquarters to Dubai, reports showed on Tuesday. The exchange’s co-founders, Nischal Shetty and Siddharth Menon, have alread...
Indian minister wants global crypto rules to curtail money laundering risk
In her address to the International Monetary Fund, Indian Finance Minister Nirmala Sitharaman called for a global cryptocurrency framework to keep a check on the use of cryptocurrencies for illicit ac...
Indian FinMin Bashes Crypto Over Money Laundering, Terrorist Risks
Indian Finance Minister Nirmala Sitharaman reiterated her strict approach to crypto at an International Monetary Fund (IMF) meet in Washington D.C. on Monday. The finance minister bashed crypto for it...
Crypto exchange CoinDCX raises $135M funding to support Indian Web3
Crypto exchange CoinDCX became India’s first crypto business to complete a Series D funding round, raising $135 million in support of various Web3 and crypto initiatives in the country. The latest fu...
Money Laundering and Terror Financing Biggest Risk of Crypto as per Indian Finance Minister
13 mins ago | 2 mins read Editors News As a result of the COVID-19 epidemic, India’s digital adoption rate increased. Reserve Bank of India (RBI) is working on introducing India’s own digital currency...
Indian exchanges moving to P2P: Is it a temporary fix or a permanent solution
Almost a week after cryptocurrency exchanges in India halted all payments, traders in the India started using the peer-to-peer (P2P) payment system for the buying and selling of tokens. P2P payments e...
Indian Crypto Exchanges Go P2P to Skirt Payment Channel Restrictions
India’s crypto industry is constantly seeking ways to circumvent government and banking restrictions to serve the increasing demand for digital assets in the country. A number of Indian cryptocurrency...
Traders Perplexed As Top Indian Crypto Exchanges Disable Fiat Deposits ⋆ ZyCrypto
Advertisement     The development comes in the wake of the denial of instant payment service UPI by NPCI. Exchanges are also witnessing a sharp fall in transaction vol...
Indian Centralized Exchanges Share Traders Data With The Government, Redditor Claims – crypto.news
Just a while ago, a Redditor posted that Indian centralized exchanges are sharing investors’ private data illegally with the government. The Redditor mentioned that many investors have started receivi...
After Coinbase, Top Indian Crypto Exchanges Disable Deposits Citing Regulatory Hurdle
Two of India’s largest crypto exchanges – CoinSwitch Kuber and WazirX – have halted deposits in Indian rupees citing regulatory problems, triggering a wave of angry protests by investors on social med...
Indian Backdoor for Russian Oil Weakens Calls for European Ban
(Bloomberg) — Growing calls for the European Union to ban Russian oil imports may be overlooking a crucial flaw in its strategy to punish Moscow: India. Most Read from Bloomberg The South Asian ...
Major Indian Crypto Exchanges Halt Deposits Amid Regulatory Uncertainty: Report
In brief Two major exchanges in the country have now disabled deposits via a popular payment system. Cryptocurrency regulation in India has been unclear for a while now. Two major Indian cryptocurrenc...
Indian traders frustrated over UPI deposit suspension 1
TL; DR Breakdown Indian traders show concerns over UPI deposit suspension Users can only withdraw funds Traders want a timeframe to solve the issue Indian traders are presently in panic mode going by ...
Some Indian Payment Processors Cut Off Local Crypto Exchanges
In April 2018, the Reserve Bank of India (RBI) effectively banned banks through a notification from supporting or engaging in crypto transactions until the Supreme Court overturned the restriction two...
Indian crypto investors in panic mode as bitcoin exchanges deactivate transfer network
According to reports, two large Indian cryptocurrency exchanges have stopped deposits via a popular payment method, causing worry in a country where regulatory certainty is still lacking despite Bitco...
Major Indian Crypto Exchanges Blocked All Transfers and Deposits: Details
Arman Shirinyan Large Indian cryptocurrency exchanges have issues with state-backed transfer network Two major cryptocurrency exchanges, CoinSwitch Kuber and WazirX, have currently limited their rupee...
Oil Traders Selling Pricey Russian Crude Chafe Indian Refiners
(Bloomberg) — Indian refiners that are among the few remaining eager buyers of Russian oil are baffled as to why they’re paying nearly full cost for cargoes that are being offered at record disc...
Indian Government Twitter Accounts Hacked With NFT Ads Posted
Hackers hit the Twitter accounts of several Indian political and government entities over the past three days, with some of the compromised accounts posting NFT-related ads on their feeds. The affecte...
Indian crypto exchanges’ volume plunges down as 30% tax goes into effect
Fresh data on Indian crypto exchanges’ trading volume reveals a significant decline in trading practices among Indians just ten days after the tax rule implementation. India’s new 30% cryp...
Hacked Indian Official Twitter Accounts Posted NFT Advertisements
A series of cyberattacks breached multiple Twitter accounts associated with the administrative and legislative bodies of India in the past few days. NFT-related content that promoted a project called ...
Coinbase Halts Buy Option After Indian Regulators Decline Payments Services ⋆ ZyCrypto
Advertisement     The Nasdaq-listed exchange launched trading services in India on April 7. It had claimed support for retail payments and settlement system UPI. NPCI ...
Indian origin CEOs leading American companies — Quartz India
These days, if you fling a stone into Silicon Valley, you are most likely to hit an Indian-origin CEO. Until a decade ago, there was only a handful of them, mostly in consumer goods, tech, and finance...
Indian Lawmaker Calls For Higher Taxes On The Crypto Market ⋆ ZyCrypto
Advertisement     An Indian lawmaker has asked for higher crypto gains and GST tax. The government is yet to decide on a regulatory approach for the nascent market. An...
Coinbase Exchange Opens its Doors to Indian Users Amidst Regulatory Uncertainties – crypto.news
Coinbase (COIN) has officially launched its crypto trading service in India, making it possible for residents to buy/sell bitcoin (BTC) and 156 other cryptocurrencies with the Indian rupee (INR). The ...
Indian Parliament Member Insists Crypto Is Like Gambling — Wants to Tax at 50% – Regulation Bitcoin News
An Indian parliament member says crypto is like gambling and must be taxed at a very high rate, such as 50%. “We need to discourage and disincentivize” trading and investing in the asset class, he str...
Crypto Taxes Drive Indian Crypto Exchanges To Loss of Transaction Volume ⋆ ZyCrypto
Advertisement     In the first two days after the newly-introduced crypto taxes became effective on April 1, Indian cryptocurrency Exchanges have registered a drastic ...