Tag Archives: india

Narendra Modi – the Prime Minister of India – urged democratic countries to work together and design a comprehensive regulatory framework for cryptocurrencies. Without it, the asset class can be employed unlawfully and can even spoil the younger generations, he added. Regulations Are Necessary In a recent appearance at the Sydney Dialogue, India’s leader highlighted the importance of implementing regulatory policies in the digital asset industry. He opined that the process...

The last couple of years have witnessed explosive growth in the mainstream acceptance of cryptocurrencies as aggregate global digital asset capitalization surged past $3 trillion in market capitalization amid a flood of institutional demand and expanded use cases. Digital assets like bitcoin (BTC), ether (ETH), and several other altcoins have come a long way, gradually transitioning from speculative investments to crypto portfolio stablemates. As cryptocurrencies continue...

Nordik Coin – a cryptocurrency exchange based in Estonia – is moving deeper into Asia. Nordik Coin Is Moving To Asia and Oceania Asia is a continent that has had a very mixed relationship with bitcoin and other cryptocurrencies. For example, China – one of the largest nations on the continent – has pushed all crypto miners off its turf, and now, regulators have announced that crypto transactions are fully illegal within China’s borders. Thus, anyone who engages in crypto...

Coin Switch Kuber – a crypto asset platform centered on providing digital currency services within India – has garnered more than $250 million in Series C funding. Kuber in India Gets Dough from Coinbase and Many Other Investors The funding round was led by investors from Andreessen Horowitz (a16z). Other companies to get involved and provide money to the firm included Coinbase Ventures, Paradigm, Ribbit Capital, and Tiger Global. The firm is now officially valued at...

China has banned cryptocurrency. As one of the largest territories in Asia, one would think that the nation of China is setting the stones in place for a continent that has no desire or use for the world’s number one digital asset, but apparently, the situation has led to the exact opposite. Asia Is Moving Ahead as a Crypto Haven Despite China’s sudden hate for BTC, it looks like crypto activity in Asia has grown by more than 700 percent over the past few months, almost...

Teenagers in India are becoming the world’s newest cryptocurrency fans. India Has Had a Weird Relationship with Crypto India has had a very up and down relationship with digital currency. In the year 2018, for example, the nation’s central bank decided that crypto companies could not get access to bank accounts, and that standard financial institutions would not be permitted to work with any firm that delved in bitcoin or blockchain technology. After two years, however,...

What occurred in India’s cryptocurrency space a few years ago is now at risk of also occurring in Australia. The country’s financial laws have failed to keep up and include cryptocurrency, and thus many startup ventures delving in blockchain and in digital currencies are now at risk of losing the money and support they receive from standard banks. Australia Is Having Trouble in Its Crypto Space India saw a situation like this occurring just a few years ago. Many news...

Shaktikanta Das – the governor of the Reserve Bank of India – said the financial institution could launch its first trial programs for a digital rupee by December this year. The initiative would determine the security of the Indian CBDC and its impact on the local economic network. India’s Approach to a CBDC In a recent interview for CNBC, Shaktikanta Das revealed the Reserve Bank of India’s plans to begin trials for a central bank digital currency before the end of this...

India’s securities and commodity market regulator, the Securities and Exchange Board of India (SEBI) has revealed intentions to increase the use cases of blockchain technology in monitoring financial instruments in the country. Indian Regulator to Adopt Blockchain Next Year In a press release published on the regulator’s official website, SEBI announced it is currently making plans to launch a new platform for “Security and Covenant Monitoring” of non-convertible securities...

India has never had an easy time when it comes to crypto, but that hasn’t stopped it from secretly opening its arms to the growing financial space. India Has Moved Far When It Comes to Crypto According to a recent study conducted by blockchain analysis company Chainalysis, India currently ranks second in the 2021 Global Crypto Adoption Index, meaning there is presently only one other country that has done better when it comes to pushing and accepting digital currency...