Indian Crypto Companies’ Response to the FTX Collapse
The quick downfall of FTX with an $8-10 billion deficit in its balance sheet has left the broader cryptocurrency market reeling under its cascading effects. Besides Proof of Reserves (PoR)…
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The Reserve Bank of India to launch a retail CBDC pilot in December
The digital rupee is intended as a supplement to the current payment system and not its replacement.
Binance Has No Big Plans for India Due to High Taxation, Says CZ
Binance CEO Changpeng Zhao (CZ) has all but given up on India. Pointing out the 1% transaction tax that came into force on 1 July 2022, CZ said it makes…
Indian Authority Freezes 150 Bitcoins Held at Binance Crypto Exchange
India’s Enforcement Directorate (ED) says that it has frozen 150.22 more bitcoins held at cryptocurrency exchange Binance. The freeze is part of an investigation into mobile gaming application E-nuggets, which…
High Taxes Can Kill the Crypto Industry in India, CZ Cautions
India’s anti-crypto policy came into sharp focus at the prestigious Singapore Fintech Festival (2-4 November), where Binance CEO flagged high tax rates as undoing the fledgling crypto business in the…
Crypto regulation is 1 of 8 planned priorities under India’s G20 presidency, says finance minister
Nirmala Sitharaman's comments came amid the Reserve Bank of India launching its digital rupee pilot program for the wholesale segment.
Indian Central Bank RBI Begins First Digital Rupee Pilot Today
India’s central bank, the Reserve Bank of India (RBI), is launching its first digital rupee pilot on Nov. 1. with the participation of nine banks. “Settlement in central bank money…
India’s Tax Authority Asks Crypto Exchanges for Details of Coins Traded on Their Platforms
India’s tax authority has reportedly asked major cryptocurrency exchanges in the country to provide information pertaining to the coins traded on their platforms. The tax authority is also evaluating the…
Reserve Bank of India to reportedly launch digital rupee pilot in November
Now debuting the wholesale CBDC, the RBI plans to launch the digital rupee for the retail segment within a month in select locations.
3 Indian Crypto Exchanges on Investigators’ Radar for $3.5B Illegal Drug Transactions
Indian investigation agencies are probing three crypto exchanges for their roles in illegal drug trade transactions after they were alerted by the Financial Intelligence Unit (FIU), which has zeroed in…
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