All news related to the category "India"
Binance Cryptocurrency Exchange acquired Mumbai Digital Asset Platform Wazirx. Starting October 25, users from India will be able to buy and sell cryptocurrency through the Binance Fiat Gateway, the exchange’s official blog informed just a few hours ago.
The Government of India will not ban crypto exchange and cryptocurrencies in general - a bill has been removed from the agenda of the upcoming winter session.
Times Of India reported that on the night of August 28-29, five men brought the body of 35-year-old Abdul Shakur to the hospital in Dehradun (India). The victim turned out to be the organizer of the cryptocurrency pyramid, the damage from which was estimated at approximately 4.5 billion Indian rupees ($62.5 million).
According to the CEO of the blockchain company Crebaco Global Inc, Sidharth Sogani, the Indian economy will lose about $12.9 billion if operations with cryptocurrencies in this country are forbidden.
India and South Korea expressed a negative opinion regarding Libra stablebcoin. Regulators of the countries assume that coin success and distribution will affect the work of central banks and influence the common economic condition of the countries.
India's largest cryptocurrency exchange, Koinex, is closing due to problems with banking support and legal uncertainty in the country regarding digital money. The company said that they can not continue to work because of legal uncertainty and problems with the support of banks, accounts in which were used to store user funds.
The government of India is said to be renewing its efforts to completely outlaw public cryptocurrencies. Reported to CoinDesk.
The National Payments Corporation of India (NPCI) – a bank consortium-owned umbrella organization for retail payments and settlements – is planning to use blockchain technology to boost digital transactions. Reported to CoinDesk.
Plans to issue a state-backed cryptocurrency in India have stalled, months after the country’s central bank gave indications that it was considering the idea. Reported to CCN.