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India Just Got Its First Crypto Unicorn
Despite the government’s nonchalance, the Indian cryptocurrency scene is becoming ever more exciting. On Tuesday, the country saw the emergence of the first crypto unicorn. CoinDCX, which was founded barely a few days before the RBI had imposed a ban on cryptocurrencies in India in 2018, has turned into a $1-billion company. CoinDCX Co-founder and […] дальше »
2021-8-11 16:54
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Meet 13-Year-Old Indian Whiz Kid Managing Millions Of Dollars In Crypto
Even as the Indian government is not ready to accord cryptocurrencies any space in the Indian financial system, the strength of the innovative technology behind cryptocurrencies is showing up in most unexpected places. дальше »
2021-8-9 15:45
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India might launch its CBDC model by December 2021, but here's the problem
While regulatory clarity on the question of cryptocurrencies is still lacking, India is ramping up its efforts to develop its own central bank digital currency [CBDC]. According to T Rabi Sankar, DepuThe post India might launch its CBDC model by December 2021, but here's the problem appeared first on AMBCrypto. дальше »
2021-8-6 18:00
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India's CoinDCX, WazirX take major steps despite lack of regulatory clarity
Popular Indian cryptocurrency exchange, CoinDCX, is looking to close a new financing round of $100-$120 million from investors. This round will reportedly be led by Facebook co-founder Eduardo SaverinThe post India's CoinDCX, WazirX take major steps despite lack of regulatory clarity appeared first on AMBCrypto. дальше »
2021-7-29 19:00
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India Still In Denial Mode Regarding Cryptocurrencies
The Indian government is in complete denial about cryptocurrencies. Replying to a question by a member of parliament (MP), Finance Minister Nirmala Sitharaman informed parliament on July 27 that the Indian government does not collect any data on the cryptocurrency market. дальше »
2021-7-30 18:19
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Indian crypto investors may not be charged this tax
India may not be charging a 2% equalization levy on crypto investors. Finance Minister of India, Nirmala Sitharaman was responding to a query by the deputy chief minister of the eastern state of BiharThe post Indian crypto investors may not be charged this tax appeared first on AMBCrypto. дальше »
2021-7-28 15:30
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Indian Startup Accepts Crypto Payments Despite Regulatory Uncertainty
The crypto fever seems to be steadily making its presence felt in India. Indian Startup Begins Accepting Crypto Payments The Rug Republic, a New Delhi-based startup recently announced it would begin accepting top 20 cryptocurrencies for payments but only from Indian customers. дальше »
2021-7-25 01:00
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India to Introduce ‘Digital Rupee’ In Wholesale and Retail Segments
The Reserve Bank of India (RBI) has finally unveiled its CBDC plans. It soon intends to launch an official digital currency in a phased manner, beginning with wholesale and retail segments. In a key-note speech at a webinar of a legal think tank on July 22, RBI Deputy Governor T. Rabi Shankar presented the central […] дальше »
2021-7-25 21:27
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Indi to Introduce ‘Digital Rupee’ In Wholesale and Retail Segments
The Reserve Bank of India (RBI) has finally unveiled its CBDC plans. It soon intends to launch an official digital currency in a phased manner, beginning with wholesale and retail segments. In a key-note speech at a webinar of a legal think tank on July 22, RBI Deputy Governor T. Rabi Shankar presented the central […] дальше »
2021-7-24 21:27
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Reserve Bank of India mulls first steps toward an eventual CBDC
RBI is looking for ways to test a CBDC while causing little to no disruption for the bank’s status quo.
дальше »2021-7-23 00:30
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'Time for India's CBDC is nigh,' but why is the RBI keeping Bitcoin at bay
The Indian cryptocurrency community is fighting the lack of regulatory clarity actively, but the government seems to be more enthused about the development of its digital rupee. Today, the Reserve BanThe post 'Time for India's CBDC is nigh,' but why is the RBI keeping Bitcoin at bay appeared first on AMBCrypto. дальше »
2021-7-22 18:30
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Hopes of India’s Crypto Bill Dashed as Govt Doesn’t List for Parliament Discussion
Betraying the hopes of the crypto industry that the Indian government will introduce the cryptocurrency regulation bill in the upcoming Monsoon session that kicks off on July 19, 2021, the list of bills that may tentatively be taken up does not include cryptocurrency bills. дальше »
2021-7-20 19:56
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WazirX needs to explain why withdrawals from crypto wallets were NOT in violation of FEMA
Binance-owned Indian cryptocurrency exchange, WazirX was on the receiving end of yet another notice from the Enforcement Directorate [ED]. As per reports, the notice questioned "withdrawals from cryptThe post WazirX needs to explain why withdrawals from crypto wallets were NOT in violation of FEMA appeared first on AMBCrypto. дальше »
2021-7-19 14:32
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Indian Banking Giant ICICI Restricts Customers from Using Remittance for Crypto Investments
Since the inception of Bitcoin (BTC), India’s attitude on cryptocurrency adoption has been a grey area. In what appears to be yet another setback for the Indian crypto community, one of the country’s largest financial institutions, ICICI Bank, has issued a warning to customers not to use its remittance services to invest in any kindRead More дальше »
2021-7-14 23:01
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India May Discuss Crypto Bill In Coming Parliament Session
India is finally getting closer to having its first set of rules and regulations for the crypto industry. In an interview with a media outlet last week, Indian Finance Minister Nirmala Sitharaman has said that her ministry is ready with a proposal and it would be placed before the Cabinet for discussion. “We have done […] дальше »
2021-7-10 18:07
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India may see the crypto bill discussion in Monsoon session of Parliament
Indian crypto businesses may find some relief in the news that the cabinet note for the crypto bill is 'ready'. This information was disclosed by the Finance Minister, Nirmala Sitharaman during an intThe post India may see the crypto bill discussion in Monsoon session of Parliament appeared first on AMBCrypto. дальше »
2021-7-6 06:00
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Is India mulling the taxation of foreign crypto-exchanges to the tune of 18%?
The last few months of the year have been interesting yet dramatic for the cryptocurrency market. Not only due to the wider price volatility, but on the regulation front as well. On one hand, while ElThe post Is India mulling the taxation of foreign crypto-exchanges to the tune of 18%? appeared first on AMBCrypto. дальше »
2021-7-2 20:00
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Is Bitcoin The New Gold? Indians Pour Billions Into Crypto
Bitcoin maximalists have always been known to refer to Bitcoin as digital gold. There are speculations that Bitcoin will overtake gold in the coming years as a preferred store of value. This seems to be the case with each bull market as Bitcoin outperformed gold by 10 times in 2020. Gold has always been a […] дальше »
2021-7-4 20:00
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Indian Crypto exchanges: Getting to the bottom of 'the problem the industry is facing'
Indian crypto businesses have been struggling with unclear regulations and now, exchanges are seeking secure, viable, permanent payment solutions. This comes at a time banks and payment gateways beganThe post Indian Crypto exchanges: Getting to the bottom of 'the problem the industry is facing' appeared first on AMBCrypto. дальше »
2021-7-2 04:00
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Indian Investors Are Toppling Their Counterparts And Spearheading Crypto Adoption In Asia
Indians are favoring investing in cryptocurrencies as data has shown that crypto investments in the country have surged significantly in the past year. According to our recent report, data from Chainalysis has shown that crypto investments in India have grown approximately 900%. дальше »
2021-7-1 23:54
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Did the Indian govt's 'Bitcoin ban' campaign backfire?
India's stance towards cryptocurrencies has been steadily changing over the past year: indications of ebbing hostility towards this sector have been widely covered. Considering the sheer number of peoThe post Did the Indian govt's 'Bitcoin ban' campaign backfire? appeared first on AMBCrypto. дальше »
2021-6-29 04:00
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Indians Invested Over $200 Billion in Crypto Assets Over the Past Year
Indians continue to remain unfazed by the repeated threats of a blanket ban on crypto-assets. Indians Pour Billions Into Crypto Typically a country with a huge fascination toward gold, India is slowly but steadily starting to drip its feet in the volatile crypto waters as according to a report by Yahoo! Finance, investments in cryptoRead More дальше »
2021-6-28 13:00
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Indians Invested Over $40 Billion in Crypto Assets Over the Past Year
Indians continue to remain unfazed by the repeated threats of a blanket ban on crypto-assets. Indians Pour Billions Into Crypto Typically a country with a huge fascination toward gold, India is slowly but steadily starting to drip its feet in the volatile crypto waters as according to a report by Yahoo! Finance, investments in cryptoRead More дальше »
2021-6-28 13:00
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India: Crypto Investors Could Be Subject to 2% Levy on Purchases from Offshore Exchanges
A report posits that Indians might be charged a 2% levy on crypto purchased from overseas exchanges. Charges Could Be Imposed on Indian Crypto Enthusiasts According to a report by The Economic Times published on June 22, digital currencies bought from crypto exchanges outside India could be subject to a 2% levy charge. Dubbed ‘equalizationRead More дальше »
2021-6-23 08:30
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This could make buying Bitcoin and other cryptocurrencies more expensive for Indians
India introduced equalization levy in 2016 intending to tax digital transactions- the income accruing to foreign e-commerce companies from India. Although it aimed to tax business-to-business transactThe post This could make buying Bitcoin and other cryptocurrencies more expensive for Indians appeared first on AMBCrypto. дальше »
2021-6-22 14:00
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Top Indian crypto exchanges push for regulatory framework
ZebPay and other exchanges are reportedly joining IndiaTech to raise awareness and push for… The post Top Indian crypto exchanges push for regulatory framework appeared first on Coin Journal. дальше »
2021-6-22 13:40
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India's CBDC plan: Here's the how, when and why
India has had an interesting few months on the crypto front. Look at WazirX's journey - the largest Indian crypto exchange went live just three weeks before the Reserve Bank of India issued its ban onThe post India's CBDC plan: Here's the how, when and why appeared first on AMBCrypto. дальше »
2021-6-20 08:00
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India's latest bid to review its 'crypto-regulations' - What to expect?
The question about crypto-regulations has become a never-ending game of plucking out a daisy which ends up growing an extra petal right when you think you've arrived at an answer. Such is the situatioThe post India's latest bid to review its 'crypto-regulations' - What to expect? appeared first on AMBCrypto. дальше »
2021-6-16 16:16
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Binance’s Subsidiary WazirX Under Probe In India
WazirX, which is one of the biggest cryptocurrency exchanges in India and a subsidiary of Binance is under investigation by the country’s financial-crimes investigative agency for allegedly violating trading rules involving transactions worth around Rs. дальше »
2021-6-11 19:12
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Major Crypto Exchanges Looking to Enter the Indian Market
Kraken, KuCoin, and Bitfinex are reportedly working towards establishing a business presence in India’s crypto market. The move is despite the lack of clarity in the country’s approach to virtual currency regulations and the central bank’s continued criticism of the industry. дальше »
2021-6-11 15:00
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Will India classify Bitcoin as an asset class soon?
Even though India was still deliberating regulations for cryptocurrencies, some top officials from the industry believed that the country could be looking at classifying Bitcoin as an asset class. дальше »
2021-6-10 14:19
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Major Cryptocurrency Exchanges Now Eying India Market Despite Stand-Off Between Crypto Businesses and Banks
Coinbase, Kraken, Hong Kong-based Bitfinex, and KuCoin are among exchanges eying the Indian crypto market despite unclear regulation hindering regulated banks and financial institutions from offering services to crypto exchanges and businesses. дальше »
2021-6-10 18:46
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Infosys Chair Urges India to Embrace Crypto as Asset Class
Nandan Nilekani believes the acceptance of crypto as a commodity would be beneficial to… The post Infosys Chair Urges India to Embrace Crypto as Asset Class appeared first on Coin Journal. дальше »
2021-6-7 13:21
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Hold your horses! India's central bank is still not a fan of crypto
After issuing a circular on Monday about cryptocurrencies, the Reserve Bank of India [RBI] has now clarified that it still retains concerns about the asset class, concerns which it has conveyed to theThe post Hold your horses! India's central bank is still not a fan of crypto appeared first on AMBCrypto. дальше »
2021-6-4 19:00
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‘There’s No Change In RBI’s Position’: Indian Central Bank Still Has Grave Concerns Over Cryptocurrencies
RBI’s notorious circular back in 2018 prohibiting banks from offering services to crypto firms may have been revoked in March 2020, but the central bank is showing no signs of changing its tune on crypto-assets. дальше »
2021-6-5 18:56
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Relief For Crypto Community As India’s Central Bank Sets The Record Straight On Cryptocurrency Ban
In April 2018, the Reserve Bank of India (RBI) asked local banks to stop providing services to cryptocurrency exchanges and related businesses, subsequently halting fiat-to-crypto trading in the country. дальше »
2021-6-1 21:59
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Finally, India's RBI breaks its silence on 'crypto ban'
Indian cryptocurrency holders and users can finally breathe a sigh of relief as RBI released its objection to banks using its old circular to refrain from processing crypto payments. As per the ReservThe post Finally, India's RBI breaks its silence on 'crypto ban' appeared first on AMBCrypto. дальше »
2021-6-1 18:44
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Binance Charity Fund's latest efforts 'should help save about 12,000 lives' in India
As part of their #CryptoAgainstCOVID campaign, Binance Charity confirmed the safe arrival of 2 cryogenic liquid oxygen tanks, equivalent to 6,000 reusable cylinders, to India. They have been working cThe post Binance Charity Fund's latest efforts 'should help save about 12,000 lives' in India appeared first on AMBCrypto. дальше »
2021-5-23 14:00
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India Rethinking Anti-Crypto Stance, Likely to Set Up Panel to Suggest Regulations
In what could be a major development, the Indian government is rethinking its stance on the country’s fledgling but promising crypto industry. Official sources have informally confirmed that the government is planning to set up a new committee to study the latest developments in the field of cryptocurrencies and blockchain technology and suggest proper regulations. […] дальше »
2021-5-21 16:14
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Dogecoin Becomes Most Searched Financial Term On Google In India
According to the number of searches this month, Dogecoin is the most searched financial term on Google in India, ahead of Sensex, Nifty, Bitcoin, or Mutual Fund, reported the country’s leading financial daily The Economic Times. дальше »
2021-5-20 16:13
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India Set to Review its Murky Crypto Rules with New Committee
India is looking to adopt a friendlier approach regarding digital assets amid uncertainty of… The post India Set to Review its Murky Crypto Rules with New Committee appeared first on Coin Journal. дальше »
2021-5-20 14:01
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India Reportedly Considering Regulating Cryptocurrencies Instead of Outright Ban
Cryptocurrency regulations could finally be coming in India. India to Consider Regulating Cryptocurrencies According to a report by The Economic Times published today, the Indian government is considering forming a fresh panel to study the possibility of regulating digital currencies in India. дальше »
2021-5-19 13:16
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Indian Crypto Investors Express Outrage As Multiple Exchanges Face Challenge With Banks Stopping Transactions
Indian cryptocurrency investors are all fire and fury as some of the banks are reported to have blocked payments to and from cryptocurrency exchanges. This has led to a sudden disruption in cash flow for the investors as well as the exchanges. дальше »
2021-5-14 19:26
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Chiliz, Socios announce partnerships with three major Indian cricket franchises
In what is a major development, Chiliz and Socios.com, two of the leading entities in the space of fan engagement, have announced partnerships with three franchises of the Indian Premier League. The tThe post Chiliz, Socios announce partnerships with three major Indian cricket franchises appeared first on AMBCrypto. дальше »
2021-5-13 13:44
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India’s Crypto Ban Implementation Will Now Be Decided By Individual Banks
The National Payments Corporation of India (NPCI) – an umbrella organization in charge of operating retail payments and settlement systems in India – has made a decision not to place a ban on crypto trading in India, leaving it to banks to make that choice according to their various inclinations. This public revelation is necessary […] дальше »
2021-5-8 17:23
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Dogecoin gave this Indian exchange a 'ruff' time: what went wrong?
Dogecoin, without a doubt, gave one of India's largest crypto trading platforms a "ruff" time with its price surge. Did the exchange bite more than it can chew? On May 4, WazirX, a prominent IndianThe post Dogecoin gave this Indian exchange a 'ruff' time: what went wrong? appeared first on AMBCrypto. дальше »
2021-5-6 16:30
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Binance charity fund is the latest to contribute to India's COVID relief efforts
Binance charity recently announced its efforts to contribute to the India COVID relief efforts, by aiding with oxygen supply operations. India recently recorded the highest one-day tally of fresh COVThe post Binance charity fund is the latest to contribute to India's COVID relief efforts appeared first on AMBCrypto. дальше »
2021-5-3 18:00
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Ethereum’s Vitalik Buterin Donates $600K For India Covid Relief Campaign
Ethereum’s Polygon co-founder Sandeep Nailwal started a crypto campaign relief for India on April 24th. Due to the breakout in the number of Covid-19 cases, the country is undergoing a severe crisis. дальше »
2021-4-27 18:03
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Coinbase Appoints Google Pay’s Pankaj Guta as VP for India Operations
Leading US Crypto Exchange Coinbase has appointed Pankaj Gupta, Lead Google Pay Engineer for India and the Asia Pacific, as Vice President of Engineering and Site Lead for India. Pankaj who had sent a farewell note to his Google colleagues on April 15, 2021, announced his resignation on Twitter on April 21. The same day […] дальше »
2021-4-24 22:58
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India Is Scoring Big On The Crypto Front Despite Looming Government Crackdown
In the past few days, there has been a rapid pace of developments on the cryptocurrency front in India. These developments make the cryptocurrency story in India queerer. Background Earlier this year, the central government was planning to bring a bill in the parliament to ban cryptocurrencies and introduce necessary policy frameworks for the launch […] дальше »
2021-4-18 22:37
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