Gemini sets to establish engineering center in India
In a bid to expand institutional and individual customers in Asia Pacific, Gemini crypto exchange is making plans to establish a new engineering center in Gurgaon, India. Gemini’s global chief technology officer, Pravjit Tiwana, announced on April 20 that the exchange is “in the midst” of establishing an engineering center in Gurgaon, India. It was […]
India’s SVC Bank issues notice to clear mixup with SVB
The bankruptcy of Silicon Valley Bank (SVB Bank) has caused a mixup among a few Indian citizens due to the similarity in the short form of Mumbai-based bank SVC Bank. As soon as word of SVB’s impending closure surfaced on March 10, concern swept across the globe as one of the largest banks in the […]
India enforces anti-money laundering laws on crypto transactions
The government of India has taken yet another step toward regulating digital assets by imposing money laundering rules on the crypto industry. While needing Anti-Money Laundering (AML) requirements for cryptocurrency is nothing new, it is only now that the Indian government has chosen to inform all interested parties of the requirement to abide by the […]
Indian payment network UPI partners with Singapore’s PayNow
India is extending her payment capabilities with a new partnership between the nation’s payment network, the universal payments interface (UPI), and Singapore’s PayNow quick payment system. The service was inaugurated by Ravi Menon, managing director of the Monetary Authority of Singapore, and Shaktikanta Das, governor of the Reserve Bank of India, via token transactions using […]
India bans Crypto ads, sponsors from women’s cricket league
A 68-page advisory from the Board of Control for Cricket in India (BCCI) prohibits the women’s cricket teams from having direct or indirect involvement with commercial associations and other sponsorships in the crypto industry. The preemptive ban on cryptocurrency advertising and sponsorships in the local women’s cricket league was another example of how the Indian […]