Cryptocurrency, like many other emerging technologies, was first ignored in India. It seemed as if Indians were hesitant to even acknowledge the industry existed. Lately, the government’s attitude on VDAs (virtual digital assets) has changed significantly due to widespread usage both internationally and in India. In 2022, this was formalized
With just days remaining until CoinDCX’s Unfold 2023, the most anticipated summit in the Indian Web3 ecosystem, here are seven compelling reasons why you simply can’t afford to miss it: As CoinDCX Unfold 2023 approaches, the excitement is palpable. It’s a must-attend event for anyone looking to dive into the
When India’s largest cryptocurrency exchange, CoinDCX, raised over $90 million from investors led by B Capital Group last month, it became the first cryptocurrency unicorn in the nation. The exchange announced lately that it has become a member of the renowned ARIFAC alliance. The CEO of CoinDCX Sumit Gupta announced
Bollywood actor of India Govinda is under investigation for his participation in a bogus crypto scheme by the Economic Offences Wing (EOW) of the Odisha police. In July, Govinda was in Goa for a promotional event for Solar Techno Alliance (STA-Token), a cryptocurrency-looking MLM scam. To further understand Govinda’s involvement
Blockchain analysis platform Chainalysis unveiled its Global Crypto Adoption Index for 2023, revealing that India has surged to the top spot in terms of cryptocurrency adoption despite grappling with a challenging regulatory and tax environment. This marks a two-spot rise from its position in the previous year’s rankings. The report
In recent developments, Coinbase, a prominent cryptocurrency exchange, has been at the center of speculation regarding the suspension of its services for Indian customers. However, the company has provided a much-needed clarification on the matter. The controversy began when American online newspaper TechCrunch published a report hours ago, suggesting that
India has taken center stage as it currently presides over the G20, a pivotal forum comprising the world’s major economies. Amidst its diverse initiatives encompassing startups, cybersecurity, and disaster risk management, India’s call for a unified approach to address the complexities of cryptocurrencies has caught the attention of the global
Yes Bank recently stated that the Reserve Bank of India’s (RBI), the digital rupee, will have improved usage. This will be made possible by the bank’s integration of digital rupee with UPI. Customers of Yes Bank may now use their smartphones to pay for goods and services using the digital
Crypto exchange OKX, aims to join the Indian market and hire locals to help grow the scope of Web3 apps. OKX’s chief marketing officer, Haider Rafique, has said that the business intends to “exponentially ” expand the availability of its wallet services by engaging with the Indian developer community. He
In a significant announcement at the G20 summit, Prime Minister of India, Narendra Modi advocated for a global framework to regulate the rapidly evolving cryptocurrency landscape. PM Modi’s proposal emphasizes the need for a unified approach that transcends individual national boundaries, echoing the sentiments expressed in a series of tweets
