India’s central bank has put forward a recommendation for banks to embrace artificial intelligence and blockchain technology in order to achieve sustainable growth and ensure stability. Deputy Governor Mahesh Kumar Jain, at a conference organized by the Reserve Bank of India (RBI) for directors of Indian banks, led a discussion on
In an era where disruptive technologies are redefining financial boundaries, cryptocurrency, particularly Bitcoin, has emerged as a game-changer. No country illustrates this paradigm shift better than India, which has witnessed an astounding 2700% increase in new Bitcoin users over the past three years. According to reports, the dawn of India’s
India’s cryptocurrency industry is mobilizing for reform as a wave of proposals seeks to restore access to the immensely popular Unified Payments Interface (UPI) for crypto-related transactions. According to insiders, the Indian government and central bank have been inundated with these proposals, while the newly established crypto policy advocacy group,
The second edition of FinTech Festival India (FFI) is set to take place from 16 to 18 May 2023 at the Jio World Centre in Mumbai with a focus on FinTech advancements and predictions. Micro experiences, gathering key stakeholders in the Fintech sector were held throughout the year in Delhi,
In a significant development for the crypto trading community, leading cryptocurrency exchange WazirX has announced the introduction of the Indian Rupees (INR) market for trading the popular token, Injective (INJ). This move allows users to seamlessly buy, sell, and trade INJ with INR on the WazirX platform, offering enhanced accessibility
NEAR Foundation, the blockchain operating system, has partnered with Shemaroo Entertainment, one of the leading players in India’s media and entertainment industry. The collaboration is to improve Web3 innovation in the entertainment industry across India and beyond. The partnership is expected to have a greater future for NEAR and the
Amid the anticipation of India unveiling its crypto regulatory framework, the seizure of numerous Binance P2P-linked bank accounts triggered a noisy shockwave in the community. A netizen from the community posted a tweet thread to publicize the seizing of her bank account and her subsequent communication with the Cyber Crime.
To empower India’s Crypto Adoption, the global fiat-crypto payment service provider, Alchemy Pay has started supporting India’s Unified Payment Interface (UPI) for all domestic payments and transfers. This enables consumers to buy or sell cryptocurrencies with the Indian rupee for a minimum purchase of INR 1,250. 📢#AlchemyPay's On-Ramp now supports
India’s recent completion of its first blockchain-enabled letter of credit transaction on the Contour Network marks a significant milestone in the digitization of trade finance processes. The transaction, valued at $3 million by Citibank, is expected to reduce transaction time and costs for clients, paving the way for more efficient
Shiba Inu has been grabbing the attention of investors worldwide, with a particular surge of interest seen in India. Recent reports suggest that Shiba Inu has been the most frequently traded digital asset in India this week, according to a tweet by SHIB KNIGHT. 📌 #Shiba Inu Most Traded Asset
