Cryptocurrency exchange Gemini has announced that it would open a new engineering center in India in order to take advantage of the country’s abundance of highly skilled IT professionals. The exchange is “in the midst” of constructing an engineering facility in Gurgaon, India, according to a statement released by CTO
On Wednesday, India and the UK discussed current affairs around crypto assets and emphasized the need for strong international strategies to address the risks involved. Participants from both countries provided updates on recent changes in their respective banking sectors at the second India-UK Financial Markets Dialogue, discussing banking trends and
WazirX, India’s most trusted Bitcoin and cryptocurrency exchange collects 30.43 USDT as a withdrawal fee for the minimum withdrawal amount of 60.80 USDT. That is equal to the actual withdrawal fund (50%). When users of the WazirX exchange attempt to withdraw money, the platform displays fees that are higher than
The government of India has always taken a relaxed approach to draft legislation for the nascent cryptocurrency sector. But this time, India’s Finance Minister Nirmala Sitharaman has emphasized the need for immediate awareness of the problems associated with crypto assets. Indian lawmakers, it has been said, pushed for quick action
India’s Finance Minister, Nirmala Sitharaman, raised concerns about the potential for crypto assets to cause “macroeconomic instability” at a press conference after her meeting with the G20 finance ministers and central bank governors. Speaking at the conference, Sitharaman emphasized: “There is a greater acceptance among all G20 members that any
Algorand (ALGO), the blockchain-based cryptocurrency protocol that uses proof-of-stake technology, is up more than 11% in 24-hour trading following the headlines of its partnership in India. The partnership agreement which it believes will help India’s growing economy as it transitions from Web2 to Web3. As per reports, the three main areas
India, until March 2023 for the financial year 2022–23, a total of Rs. 157.9 crore has been collected in direct tax or deducted at source (TDS) on payments made upon transfer of virtual digital assets (VDAs) and cryptocurrencies. Cryptocurrencies and other VDAs are entitled to 1% TDS, which went into
Floki (FLOKI) surges 10% following the listing announcement with KoinBX Exchange, targeting India’s booming crypto market. The listing is set to take place on March 31, 2023, at 11:30 AM UTC. According to CoinMarketCap, Floki price, at press time, was $0.00003565 with a 24-hour trading volume of $22,496,965, at the
India’s central bank, the Reserve Bank of India (RBI), announced its partnering with the Central Bank of UAE (CBUAE). This collaboration enhances both countries’ Central Bank Digital Currency (CBDC) transactions of remittances and trade. Both the central banks signed the Memorandum of Understanding (MoU) on Wednesday in Abu Dhabi to
When it comes to cryptocurrency, the Indian government has always been wary because of its decentralized aspect. The recent bankruptcies of many cryptocurrency enterprises, however, have only amplified the voices of others who disagree. To add insult to injury, crypto frauds have caused significant harm to individuals curious about cryptocurrency
