Tag Archives: india

The cryptocurrency platform Bitbns intends to open a systematic investment plan (SIP) in digital assets for Indian athletes who win medals at the ongoing Tokyo Olympics. The exchange will reportedly grant around $2,700 in crypto for gold medal winners. ‘Faster, Higher, Stronger’ And Earn Crypto The Economic Times reported that Indian athletes at the Olympic Games could receive cryptocurrencies as a gift if they manage to win a medal at the tournament in Tokyo. The trading...

To support the Indian blockchain development ecosystem, Solana, a high-performance blockchain network, has revealed that it will be rolling out a new hackathon exclusively for Indian developers and entrepreneurs. Solana Unveils Hackathon with Over $80k in Prizes  In a tweet on Tuesday, Solana noted that the hackathon, dubbed “Building Out Loud,” will last for 3 weeks and registration for it is open to students, Web2 and Web 3 developers, engineers, and basically anyone who is...

Banking platform Cashaa is launching in India. Among the many crypto-based services and tools the company plans to offer users include crypto savings accounts, loans for purchasing bitcoin and other forms of digital assets, card services, and lending against crypto. Cashaa Is Unveiling All Its Latest Crypto Offerings All this might sound dandy. There is just one problem… The state of crypto in India is very up and down at the time, and it is unclear if Cashaa will even...

The residents of India, known to be a gold-loving nation, increased their digital assets investments from $200 million last year to $40 billion this year. The exponential growth sounds impressive having in mind the hostile crypto restrictions, which the central bank maintains. Indians Admire Gold but Love Crypto The blockchain analysis company Chainalysis reported that the Indian population has started investing massively in crypto in 2021. According to the data, last year’s...

India’s Narcotics Control Bureau (NCB) arrested Makarand Pardeep Adivirkar, better known as the ”Crypto King”, on suspicion of purchasing drugs from the Darknet using bitcoin. Apart from Indian peddlers, the criminal also bought narcotics from European ones. LSD for BTC The NCB announced that it arrested a suspect who allegedly exchanged bitcoin for LSD. He was later identified as Makarand Pardeep Adivirkar, a.k.a. the ”Crypto King”. The criminal operated on the notorious...

India’s Enforcement Directorate (ED) has purportedly sent a show-cause notice to the founder of the popular exchange – Nischal Shetty, and the director – Sameer Mhatre. The agency has requested the duo to explain suspicious transactions worth nearly $400 million. According to a Reuters report, India’s financial crime-fighting organization, the ED, has contacted the two executives in regards to transactions worth 28 billion rupees ($382 million). The agency accused the...

Despite calling them volatile and energy-intensive to use as a means of payment, the Indian tech executive Nandan Nilekani advised the local government to accept cryptocurrencies as an asset class. He opined that the move would boost the country’s economy. Crypto Like a Commodity In a recent interview for the Financial Times, the Indian billionaire Nandan Nilekani – co-founder and chair of Infosys – appealed to the local authorities to embrace cryptocurrencies as an asset...

As we know by now, India is unaware of where it will be in a few years when it comes to cryptocurrency. However, it looks like many regulators are now potentially looking to oversee crypto activity within the country rather than outright ban it like everyone has feared over the past several months. India Can’t Decide Where to Go with Crypto India is presently setting up a panel of crypto experts who will discuss the regulation of crypto in the region. Artur Schaback –...

Although the Reserve Bank of India recently issued a new circular clarifying that digital assets are not outlawed in the country, the entity still believes they carry significant risks. As such, the RBI has taken its concerns to the government, asserted the bank’s governor – Shaktikanta Das. The world’s second-most populated nation has always had a complicated relationship with the cryptocurrency space. An RBI directive from 2018, which most people considered as an all-out...

Cryptocurrency has never been looked at through a positive lens by India, and the Asian country has always had a certain sense of animosity towards it. Nevertheless, cryptocurrency exchanges and related firms have continually put their money into India, hoping that things will change in the coming future. India Is Getting a Lot of Financial Attention India really set itself up on the “crypto enemies” list back in early 2018 when it was announced that the country was...