Cryptocurrency Analysis and News Portal
India’s parliamentary committee on finance has held a meeting with representatives from the crypto industry and other stakeholders on cryptocurrency and its oversight. “There was an understanding that cryptocurrency can’t be stopped but it must be regulated” and “There was a consensus that a regulatory mechanism should be put in
Read More
India may seek to align itself with other countries/entities to regulate crypto, the sources told ANI, which said, “Since the issue cuts across individual countries’ borders, it was felt that it will also require global partnerships and collective strategies.” Original Source
Read More
“This is a case of intrigue, whitewash, concealment, and deception smack of a deep-rooted conspiracy. It is India’s biggest-ever ‘Bitcoin Scam Cover Up’ under the Karnataka BJP government,” Surjewala said in a press conference. “Instead of conducting a fair investigation, the BJP Government of Karnataka appears to be preoccupied with
Read More
India’s central bank, the Reserve Bank of India (RBI), still has “serious concerns” about cryptocurrency from a macroeconomic and financial stability standpoint. Furthermore, RBI Governor Shaktikanta Das says he doubts the veracity of the number of Indian crypto investors reported by the media. RBI Has Serious Concerns About Crypto, Governor Doubts
Read More
Binance-owned Indian crypto exchange WazirX said its userbase has grown by over 10 times to 10 million, this year.WazirX recorded trading volume of over $38 billion YTD, equating to an average month-on-month growth of 44%, the exchange announced on Friday.The company reported growth of 2,648% in user signups from Tier
Read More
A number of India’s most prominent crypto firms are set to meet with the government next week to provide their views on the industry.India’s Parliamentary Standing Committee on Finance has arranged for a meeting on Nov. 15 to “hear the views of associations/industry experts on the subject “CryptoFinance: Opportunities and
Read More
At the same time, the exchanges, which include WazirX, ZebPay, CoinDCX, CoinSwitch Kuber and others, committed in the ad in The Economic Times to complying with the Blockchain and Cryptocurrency Committee of India’s (BACC) self-regulatory code of conduct under the Internet and Mobile Association of India (IAMAI). Source
Read More
Coinbase, the largest cryptocurrency exchange in the United States, is working to improve its customer support while expanding in India by acquiring a new startup.Coinbase officially announced Tuesday the acquisition of Agara, an artificial intelligence-enabled support platform with operations in India and the United States.The acquisition aims to expand and
Read More
The Indian government may be looking into establishing a legal framework for crypto-based digital currencies as "assets" as early as February. According to a Tuesday report from Indian news outlet Business Today, officials with the country's Finance Ministry said the potential legal framework would treat cryptocurrencies closer to commodities than currencies.
Read More
Mohan Bhagwat, the head of the Rashtriya Swayamsevak Sangh, or RSS — a right-wing Hindu nationalist society — has urged India’s government to pursue crypto regulations “in the larger interest of society.”According to Asian News International, the RSS chief made these remarks during his speech marking the celebration of the
Read More