India’s Central Bank Says It Could Launch Pilot Tests For Its CBDC In Q1 2022

The Reserve Bank of India (RBI), the nation’s central bank, is exploring the viability of a central bank digital currency (CBDC) and may launch pilot tests early next year, according to a report in local news outlet the Business Standard.

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India: RBI clamps down on illegal digital lending before CBDC pilot next year

As the regulatory landscape in India is expected to slowly gain clarity on the crypto front, officials appeared bullish on an Indian CBDC next year. As per local reports, a senior central bank officerThe post India: RBI clamps down on illegal digital lending before CBDC pilot next year appeared first on AMBCrypto.

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India to Launch First Version of CBDC Next Year

India to become one of the first countries to implement CBDCs starting from next year

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How India Sees Crypto: Large Exchange Shows 10x Growth In User Base

Indian crypto exchange WazirX reported a significant growth in its user base and trading volume over the year. They claimed the platform’s user base grew to 10 million during 2021, which represents a tenfold increase.

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WazirX claims its client base has grown 10 times since the start of 2021

WazirX, the leading crypto exchange in India, has seen its userbase grow tenfold since the start of the year. A report unveiled this news earlier today, noting the Binance-owned exchange recorded a trading volume exceeding $38 million (£28.

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India’s Version of TikTok, Chingari is Having a Public Token Sale

2021 has been a momentous year of capital inflow for startups inside the blockchain industry. Until the third quarter, a mammoth $17 billion was injected into blockchain projects and protocols. Notably, the emphasis has moved from crypto laser-focused investment funds, to VCs that generally fund consumer tech startups, as venture capitalists at large seem to […]

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Over 85 Million Downloads, Chingari’s Infotainment Platform Now Offering its Token in a Public Sale

Last year India banned TikTok and 59 other apps from China, as the country claimed that the apps were storing Indian users’ data and using it inappropriately. This was clearly bad news for the apps, which got to enjoy a huge target market of around 1.

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India’s 13-Year-Old Coder Raises $300,000 for New DeFi Project

Indian teenager Gajesh Naik made headlines earlier this year when he built Gaj Finance, a multichain decentralized finance (DeFi) protocol, which currently manages some $1. 2 million in crypto of user funds.

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India: Here's the latest update on Buterin's Shiba Inu donations

India's second Covid-19 wave earlier this year proved especially harrowing for the country, leading to many international personalities donating huge relief funds. Among them was Ethereum co-founder VThe post India: Here's the latest update on Buterin's Shiba Inu donations appeared first on AMBCrypto.

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Indian crypto exchanges urge customers to buy and give during the festivals

This is an important time of the year for India, as the country just entered its holiday season. However, as the festivities are starting, the local crypto exchanges have actually gone ahead and started a rather aggressive marketing campaign that aims to increase giving away crypto.

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India: Blockchain-Based Startup RealX Offers Fractional Ownership of Real Estate

Blockchain-based real estate platform RealX launches in India. Enabling Fractional Ownership of Real Estate According to a report by The Economic Times published on September 10, RealX – a blockchain-based service that allows users to own real estate in fractions – has opened its platform to the Indian public. Notably, RealX launched last year butRead More

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MetaMask’s Active Users Reaches 10.35 Million as it Gains Traction in the Philippines, Vietnam, China & India

The number of users actively using crypt wallet MateMask has now reached 10 million, increasing 18x over the last year, driven by a surge of interest in decentralized finance (DeFi), stablecoins, and non-fungible tokens (NFT).

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Reports Show 45% Surge In Stock And Cryptocurrency Sign-Ups Across Rural Areas In India

The high jump in new registrations is on 45% increase, equivalent to 70 million compared to the previous year. The BSE stock exchange revealed this information was in their data. There had been an increasing number of users, mostly young investors in remote locations across India last year.

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Worldwide Crypto Adoption Sees Massive Upsurge As Vietnam, India Lead Parade

The global adoption of cryptocurrency has skyrocketed over the last year when it registered a growth of 881%. As per the 2021 Chainalysis Global Crypto Adoption Index, crypto adoption in India has been the second-largest in the world over the last year.

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India Mints its First Crypto Unicorn

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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.

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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%.

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Indians Hold $40 Billion in Cryptocurrency, Report Suggests

Crypto investments in India have been gaining significant traction over the past year, blockchain data indicates. Despite the ambiguous regulatory situation in the country, more than 15 million Indians have bought or sold digital currencies.

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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.

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Indian Investments In Crypto Grow Rapidly As $40 Billion Milestone Is Reached

India is seeing explosive growth in crypto investments compared to last year as the $40 billion milestone is crossed. Rapid Growth In Cryptocurrency Compared To Last Year As per a Bloomberg report, Indian investors now hold $40 billion in virtual assets, a massive increase from $200 million a year ago.

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Are cryptocurrencies the new gold in India? Investors bought $40B in cryptos last year

Indian households are known for their affinity for gold but 2020 brought in a notable shift in investment allocation. While Indians own more than 25,000 tons of gold, investments in cryptocurrencies soared from about $200 million to almost $40 billion in the past year despite a proposed trading ban and outright hostility toward the asset […] The post Are cryptocurrencies the new gold in India? Investors bought $40B in cryptos last year appeared first on Invezz.

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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

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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

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India’s Central Bank RBI Confirms Crypto Banking Ban ‘No Longer Valid’ — Asks Banks to Stop Quoting It

Indian central bank, the Reserve Bank of India (RBI), has officially advised banks that its banking ban circular is no longer valid as it was set aside by the country’s supreme court more than one year ago.

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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 […]

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India Considers Crypto Experiments Instead of Ban

India has been in the spotlight regarding cryptocurrency regulations for over the last year. The country appears to be unsure, though, of what stance to take towards the growing popularity of blockchain technology.

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Crypto bank opens physical location in India's capital as potential regulatory ban looms

Unicas is planning to open 50 banks in India by the end of the year, but a proposed bill banning crypto could complicate matters.

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Here’s why DeFi will future-proof India’s crypto ecosystem

After less than a year of Indian cryptocurrency users enjoying unfettered access to the cryptocurrency markets, it now looks likely that the authorities will intervene once again. The post Here’s why DeFi will future-proof India’s crypto ecosystem appeared first on CryptoSlate.

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India Renews Crypto-Hostility With New Proposed Ban

India announced plans to pass new legislation that seeks to ban all private cryptocurrencies in India during the first parliamentary budget session of the year which resumed on 30 January 2021. According to an official statement by the lower house of parliament, the proposed bill will feature a framework for the development of an official […]

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India to introduce an 18% Bitcoin trading tax

Less than a year ago, India’s Supreme Court decided to overrule the central bank’s decision to forbid all other banks in the country to serve crypto businesses. With this rule revoked, the country’s crypto industry began to flourish, which led the government to the idea of introducing crypto taxes.

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India's CoinDCX raises $13.9M from Block.one, Coinbase Ventures, etc.

CoinDCX, India’s largest cryptocurrency exchange, has raised Rs 100 crores ($13. 9 million) from investors to complete the exchange's third round of funding for the year 2020. The Series B round wThe post India's CoinDCX raises $13.

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Where Peer-to-Peer Finance Grabbed Hold This Year

Nigeria, China, India, the U.S. and Vietnam were leading markets for peer-to-peer finance. South Africa and Turkey saw more stablecoin use.

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India welcomes UAE's digital asset exchange Bitex

India has noted an uptick in crypto users over the past year. This surge in the crypto users can mainly be attributed to the Supre Court's decision to quash the Central Bank's circular that called forThe post India welcomes UAE's digital asset exchange Bitex appeared first on AMBCrypto.

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India’s Bitcoin Revival May Be Short-Lived as Government Mulls New Ban

The Indian government is planning to ban cryptocurrency trading in the country, which would stymy all progress made since March of this year.

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Latest Update on India’s Proposed Law to Ban Crypto Trading

A proposed government ban on cryptocurrency trading is back on the cards after an anonymous official said on Tuesday that authorities will soon propose a new law. The move is seen as a blow to the country’s crypto investors, despite a supreme court decision earlier this year to lift a central bank crypto ban.

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Indians Five Times More Likely to Suffer Crypto-Related Hacks: Report

People in India are five times more likely to suffer a cryptocurrency mining hack because of poor consumer awareness, according to a new security report by Microsoft. In its findings published July 29, Microsoft notes that although the number of similar attacks declined by 35% in 2019 from a year earlier, Indians, together with Sri […] The post Indians Five Times More Likely to Suffer Crypto-Related Hacks: Report appeared first on Bitcoin News.

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India to Significantly Increase Crypto Market Share This Year: Report

India’s cryptocurrency market is set to gain significant market share this year, according to an industry report. The regulatory environment, the instability of the rupee, and remittances are key drivers that will send the Indian crypto industry soaring.

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Bitcoin Now Open To 1.38 Billion People In India As RBI Clarifies Stance On Crypto

India’s Supreme Court lifted the infamous bitcoin ban sometime in March this year. This ban had been imposed by the Reserve Bank of India (RBI), restricting banks from servicing crypto-related businesses in the country.

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India: Conducive Regulations Aid Crypto Firm CoinDCX Raises $2.5 Million from Polychain Capital

Indian cryptocurrency firms are leaving no stone unturned in recent times. The country’s government, which is rather slow in adopting technology, okayed cryptocurrency businesses to continue earlier this year, leading to a flurry of investment and technological activity.

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Crypto Exchange Zebpay Announces Relaunch in India Ahead of Supreme Court Decision on RBI Ban

Zebpay is returning to India more than a year after closing down local crypto exchange operations due to the banking ban imposed by the central bank, the Reserve Bank of India (RBI). Under a new leadership team, the exchange has also revealed a number of upcoming new services, including a crypto-to-crypto exchange and a way […] The post Crypto Exchange Zebpay Announces Relaunch in India Ahead of Supreme Court Decision on RBI Ban appeared first on Bitcoin News.

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What’s Going to Happen with Bitcoin in India in 2020?

Last year was pretty dismal for the bitcoin and crypto industry in India. Regulatory procrastination and a negative outlook from politicians have stifled the ecosystem and innovation, will 2020 be any better? BITCOIN BATTLING IN INDIA The Reserve Bank of India (RBI) has been relentless with its disapproval towards bitcoin and the crypto industry over the past couple of years.

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Wazirx CEO on 2020 Outlook, RBI Ban, Crypto Regulation for India

The Indian crypto community has had an eventful year, with a bill on the horizon, the RBI ban’s supreme court hearing, and the community’s efforts toward positive crypto regulation. News.

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Quadrigacx Founder Dead or Alive? Request for Exhumation and Autopsy Filed

The founder of now-defunct crypto exchange Quadrigacx may still be alive, even though he supposedly died in India about a year ago. A court-appointed law firm is seeking an answer on behalf of affected users.

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India’s Unclear Regulations Leave Blockchain And Crypto Startups In Dismay, Is There Still Hope?

The year 2019 hasn’t been so great for the Indian blockchain and crypto industry, seeing favorable regulations haven’t been circulated and central banks have had a hostile attitude. At the beginning of the year, some crypto exchanges have shut down, not to mention there have been many layoffs.

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India Ends Disappointing Year in Crypto, Will 2020 Be Better?

Regardless of crypto market price action, some countries have had a better 2019 than others. India has been on the back foot for most of it as the central bank and regulators procrastinated with the new technology and stifled further innovation.

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Indian Supreme Court Wraps up Crypto Hearing for the Year

The Supreme Court of India called on for hearing on Monday the writ petitions challenging the banking restriction by the Reserve Bank of India (RBI). After hearing from the RBI’s counsel, the court wrapped up the case for the year.

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India’s Blockchain Coffee Platform Onboards 30,000 Farmers

The Indian government’s blockchain platform for tracking coffee has seen significant adoption. Over 30,000 coffee farmers have signed up just a few months after the launch. Back in March this year, the Coffee Board of India (CBoI) partnered with software company Eka Software Solutions to launch a blockchain platform.

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190 Indian Bank Locations Raided in Massive Fraud Crackdown

India’s Central Bureau of Investigation has reportedly raided over 190 bank locations nationwide in an effort to crack down on fraud involving at least 15 banks. As many as 1,000 officers were involved in what is now one of the largest coordinated searches in India this year.

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190 Indian Bank Branches Raided in Massive Fraud Crackdown

India’s Central Bureau of Investigation has reportedly raided over 190 bank locations nationwide in an effort to crack down on fraud involving at least 15 banks. As many as 1,000 officers were involved in what is now one of the largest coordinated searches in India this year.

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