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Four months after the high-profile acquisition of Indian crypto exchange WazirX by Binance, BitMEX invested in a $3 million funding round for another local cryptocurrency exchange in India called CoinDCX.
Binance has partnered with cryptocurrency exchange WazirX to create a “Blockchain for India” fund worth $50 million.
India’s Supreme Court released the long-awaited ruling on the crypto ban imposed by the Reserve Bank of India (RBI) in favor of the cryptocurrency industry.
Binance, one of the world’s largest cryptocurrency exchanges by daily volume, has announced the acquisition of major Indian crypto exchange WazirX and plans to launch fiat-to-crypto services in India within days.
With Hong Kong facing a shortage of cash due to defunct ATMs and the crash of PMC Bank in India leaving almost a million people without access to their accounts, Bitcoin could emerge as the savior of those facing financial crises.
InstaDApp, a portal that simplifies interactions between major DeFi protocols, raised $2.4 million in seed funding from a line-up of high profile strategic investors.
Nischal Shetty, founder of WazirX, shares his story building one of the only crypto exchange left standing in a country hostile to cryptocurrency. By engineering the first auto-matching P2P engine he was able to dodge regulatory pressure that shuttered many other major exchanges in India.
This week, the inter-ministerial committee (IMC) of India officially recommended the imposition of what has been considered a blanket ban on crypto assets like bitcoin.
Eleven Indian banks have joined an initiative that may change the way small businesses obtain loans, via blockchain.
The Financial Stability Board, a global inter-governmental body with over 20 member countries, has ruled that virtual currencies are not a threat to the world economy.
The Reserve Bank of India has shelved its plan to launch a state-backed cryptocurrency amidst increased government pressure and concerns around money laundering.
India’s government has continued its “undecided” stance on regulation around the cryptocurrency ecosystem.
As countries around the world find their feet in the cryptocurrency market, governments have jumped on board in attempts to regulate the use of digital assets.
Only a week after India’s first Bitcoin ATM was launched to much fanfare, regional authorities have confiscated the two-way crypto machine and arrested the initiative’s founder, reported Times of India on October 24.
The Internet Mobile Association of India (IMAI) announced October 15 that it would be forming a committee to push more government involvement in the blockchain ecosystem.
Indian cryptocurrency exchange Unocoin is launching the country’s first digital assets ATM, even as other nations grapple with stringent regulations and a ban on banks providing services to exchanges.
Despite an infamous crackdown on digital assets, the Reserve Bank of India (RBI) has created a task force to explore avenues and unique use-cases pertaining to blockchain technology, artificial intelligence and cryptocurrencies.
Despite continuing to maintain an unfavorable stance for cryptocurrencies and citing their potential role in money laundering, Indian government officials revealed they are looking at tokenized datasets and other cryptographic forms of blockchain technology.