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India is working on a crypto regulatory framework based on the joint recommendations of the International Monetary Fund (IMF) and the Financial Stability Board (FSB) that could result in legal legislation in the next 5-6 months. Siddharth Sogani, the CEO of CREBACO that has worked with government agencies and ministries,
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"We stopped allowing new user sign-ups on our exchange product in India back in June of this year," a Coinbase spokesperson told CryptoX. "We maintain a robust tech hub in the country and offer live products, including our Coinbase Wallet. We are committed to India over the long term and
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Coinbase’s journey into the Indian crypto market has been marked by challenges since the beginning of its launch. Leading American crypto exchange Coinbase has issued a clarification regarding the termination of its exchange services for Indian users. In a move that has raised eyebrows within the virtual asset community, Coinbase sent
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Speaking to a scrum of journalists on the sidelines of the G20 leaders' summit, Ajay Seth, Secretary of the Department of Economic Affairs, said "India's position will be decided in the coming months." He added that since "the framework for assessing risk has been put together by the G20" we
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Coinbase has provided information that seemingly contrasts a media report suggesting that it would soon halt all operations for its Indian customers.According to a Sept. 11 report from TechCrunch, Coinbase India users were reportedly warned via email that all services would be discontinued by Sept. 25, and were urged to
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India is set to make a decisive move on cryptocurrency regulations following recent global discussions, leaning away from an outright ban. The nation plans to align its crypto regulations with recommendations of the International Monetary Fund (IMF) and Financial Stability Board (FSB). India rethinks ban India has consistently advocated for a unified
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The exchange recently partnered with blockchain platform Neo to bring its APAC Hackathon to the southern city of Bengaluru in an effort to understand the local culture and support the Web3 ecosystem. Global cryptocurrency exchange OKX has announced that it will be expanding to India despite the murky regulatory environment in
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The cryptocurrency exchange OKX plans to enter the Indian market and recruit local employees in an effort to expand the possibilities of Web3 applications, according to a CoinDesk report.OKX chief marketing officer Haider Rafique said the company plans to scale up its wallet services “exponentially” via entrance into India’s developer community.
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Peer-to-peer (P2P) cryptocurrency trading has been a staple of the cryptocurrency community since the industry’s early days. P2P trading refers to the direct exchange of cryptocurrencies between two users without the involvement of intermediaries. P2P exchanges link buyers and sellers while also adding an extra degree of security through an escrow
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" ... startups and businesses globally are going through challenging times due to tough macro conditions, more so in crypto because of the prolonged bear market and impact of TDS (tax deducted at source) on domestic exchanges," the company said. "These factors had a significant impact on our volumes and
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