Indian crypto platforms could attain similar status as authorized dealers (similar to banks) under the guidelines of the Indian Central Bank RBI.
India expands national payment network to Singapore: What’s in it for crypto?
One of the banking partners in the cross-border remittance service is also part of the government’s CBDC program.
WazirX releases proof of reserves with majority of funds in Binance wallets
The cryptocurrency exchange released its proof of reserves and proclaimed it to be India’s largest exchange both in volume and reserve funds.
Indian authorities unfreeze millions in locked WazirX bank accounts
The Indian crypto exchange was under investigation by local authorities for money laundering allegations which caused a freeze on over $8.1 million in bank account funds.
Bollywood A-lister-backed GARI token plunge sparks rug pull rumors
GARI token was launched by Salman Khan, an A-list celebrity from Bollywood, with an aim to help Indian creators monetize their content over a short video application Chingari.
India cooperates with IMF on crypto consultation paper
The document, which could define a national framework for digital assets, is almost ready.
India to roll out CBDC using a graded approach: RBI Annual Report
Halfway through 2022, at the proof of concept stage, RBI is in the process of verifying the feasibility and functionality of launching a CBDC.
Indian central bank’s ‘informal pressure’ disrupted payments: Coinbase CEO
“I guess we have a concern that [the Reserve Bank of India] may be actually in violation of the Supreme Court ruling,” said Coinbase CEO Brian Armstrong.
Indian IT Ministry directs crypto exchanges to store user data for 5 years
The new directives for VPN service providers and crypto exchanges would require them to collect critical private information as well as the ownership patterns of customers.
Binance to drive crypto and blockchain awareness among Indian investors
Binance also highlighted that Indian regulators and policymakers cite the lack of education as an area of concern, hindering crypto’s widespread adoption in the region.
Coinbase to invest in Indian crypto and Web3 amid tax regulation clarity
Coinbase Ventures will conduct an in-person pitching event in Bengaluru to help accelerate India’s financial inclusion goals via crypto and Web3 investments.
Indian state gov’t uses Polygon to issue verifiable caste certificates
In partnership with LegitDoc, the Maharashtra government is in the process of rolling out 65,000 caste certificates to aid the process of delivering governmental schemes and benefits.
Five key takeaways from the official Indian crypto ads guideline
The new guidelines regulate the size and language of disclaimers while prohibiting portraying the market as a ‘get rich quick scheme.’
India’s finance minister waiting for consultations to decide whether to ban or regulate crypto
The country’s finance minister admitted to not having enough information to make a fateful call.
Indian couple celebrates blockchain wedding with NFT vows, digital priest
Anil Narasipuram, the husband, was initially motivated by blockchain marriages done in other countries.
Crypto tax doesn’t legalize trading, says Indian tax department chief
The Indian tax department head said crypto taxation will help the department evaluate the exact depth of the digital asset market.
Indian taxman recovers $6.62M from WazirX for evading tax on commission
Government officials from CGST Mumbai Zone recovered the funds from crypto exchange WazirX after detecting a GST evasion of $5.43 million on trade commissions.
SEBI chief warns Indian mutual funds on investing in cryptocurrency offerings
While the regulatory environment for cryptocurrencies in India is currently murky, the country has already witnessed an exponential rise in crypto popularity.
Indian police commissioner issues a public warning against crypto frauds
On behalf of the Hyderabad City Police, Addl. Commissioner Shikha Goel asked Indian citizens to invest in crypto only through reputed and long-established players in this field.
Indian state government to accredit Web2 and Web3 blockchain startups
Telangana will launch the blockchain accelerator program in partnership with CoinSwitch Kuber and Lumos Labs.