CrossTower crypto exchange expands to India
US crypto exchange CrossTower is seeking to harness the opportunities in the growing Indian crypto market despite the uncertainty over the legal status of Bitcoin in the country. Despite the current legal ambiguity surrounding local crypto regulation, CrossTower, a cryptocurrency exchange based in the United States, is expanding its operations to India . According to […]
Former RBI Deputy Governor pushes for cryptocurrency acceptance in India
According to a former Deputy Governor of the Reserve Bank of India, cryptocurrencies are taxable assets or commodities. In an interview with the Financial Times, the former Deputy Governor of the Reserve Bank of India (RBI) spoke out against the country’s financial and crypto ecosystems, stating that digital assets must be embraced. According to Rama […]
CoinSwitch Kuber aims to become the second crypto unicorn in India
As a result of CoinDCX’s meteoric rise to unicorn status earlier this summer, cryptocurrency exchange CoinSwitch Kuber is thought to be the next in line, with a valuation that is over twice that of its predecessor. Despite the fact that India’s recent cryptocurrency history has been chaotic, the local sector is thought to be on […]
India CBDC preliminary trials may commence in December, says RBI governor
As CBDC exploration continues to gain traction around the world, India’s central bank is carefully weighing the advantages of releasing a digital rupee to the country’s citizens. A preliminary central bank digital currency (CBDC) trial by the Reserve Bank of India could begin before the end of the year, according to reports. In an interview […]
Indian crypto pundits recommend that industries be regulated
According to two anonymous sources, the Gujarat International Financial Services Centres Authority (IFSCA) controls bitcoin transactions. Crypto insiders in India have asked for the asset class to be regulated as commodities. Insiders in India’s blockchain and cryptocurrency industries have advised the ministry of finance to treat cryptocurrencies as commodities. Investors would be classified as commodity […]