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Category: India

January 25, 2021

Reserve Bank of India ‘exploring the possibility’ of a digital currency

The bank still claimed that government bodies and regulators in India are both “skeptical” and “apprehensive” about crypto.…
January 25, 2021

Blockchain-aided voting trials to begin in India

Blockchain technology could provide the security needed to expand national voting beyond provincial borders. Trials of blockchain-aided voting in India that would enable voters to post ballots from outside their home provinces are to begin soon.Chief…
January 24, 2021

Breach at Indian exchange BuyUCoin allegedly exposes 325K users’ personal data

BuyUCoin initially denied the reports of a data breach, but added that all user funds are safe.…
January 20, 2021

Indian crypto exchanges record massive growth after Bitcoin’s ATH

TL;DR Breakdown: Indian crypto exchanges saw massive growth in users after Bitcoin’s ATH.The exchange said Bitcoin’s ATH was mostly influenced by institutional buys.…
January 15, 2021

Indian police seize $1 million Bitcoin from 25yo hacker

TL;DR Breakdown: The police in Karnataka have seized over $1 million worth of Bitcoin from a hacker.The…
January 1, 2021

Pluto exchange scammer nabbed in India

TL;DR Breakdown Pluto Exchange principal nabbed for fraudHow the scheme deceived people into investing25 million Ruppes lost to the scam Umesh Verma, Pluto Exchange principal, after pulling an exit scam back in September 2020, has been nabbed at Indira Gandhi International Airport in Delhi on Thursday.…
December 30, 2020

Indian crypto bank opens physical location, eyes 100 branches by 2022

India is now home to the world’s first physical crypto bank branch despite regulatory uncertainty surrounding digital currencies in the country.…
December 29, 2020

Why India wants to tax Bitcoin

TL;DR Breakdown India is looking into taxing Bitcoin users by 18%.India will put Bitcoin down as an intangible asset.The…
December 29, 2020

India ponders Bitcoin tax law to target $5B market

India’s government could levy taxes on Bitcoin trading despite the lack of legal clarity for the country’s crypto space.…
December 27, 2020

The pandemic year ends with a tokenized carbon cap-and-trade solution

Lowering CO2 emissions and lessening carbon-intensive approaches are the essential goals in global efforts to fight climate change.…
December 22, 2020

Block.one led CoinDCX $14 million Series B funding

TL;DR Breakdown: CoinDCX has completed its third fundraising round this year, bagging almost $20 million combined.In…
December 21, 2020

Indian crypto exchange CoinDCX raises $14M in its third round in 2020

Including the millions it collected in previous rounds, the company has raised approximately $19.4M. CoinDCX, the largest cryptocurrency exchange in India, continues to aggressively expand its business with a massive new fundraise.According…

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