Interestingly, the web 3.0 wallet MetaMask has now announced that it would support bank transfers for customers in India. Users in India may now utilize the country’s premier payments system, Unified Payments Interface (UPI), to have immediate access to crypto assets. MetaMask users will be able to buy cryptocurrency using
Indian Finance Minister, Nirmala Sitharaman presented the Finance Budget 2023 for the nation on the 1st of February in Lok Sabha. And the blockchain, or cryptocurrency, or on a whole the digital assets have not gained any special mentions. But Tax Deducted at Source (TDS) penalty introduction does have an
Indian executives are opening up their thoughts about cryptocurrencies and digital assets to the world. One such personality is the Minister of State for Electronics & Information Technology and Skill Development & Entrepreneurship, Shri Rajeev Chandrasekhar. India’s Electronics and IT Minister at the Itech Law International Conference 2023 informed, the
When it comes to Bitcoin and other digital currencies, the Reserve Bank of India (RBI) has issued a strong warning. Governor of the Reserve Bank of India Shaktikanta Das said, in light of the FTX disaster, that such illiquid instruments “are nothing but gambling” and that their apparent value is
WazirX, India’s biggest cryptocurrency exchange, said on Wednesday that it had disclosed its proof-of-reserves (PoR) and had a reserves-to-liabilities ratio of more than 1:1. Among the $286.10 million in reserves reported by WazirX. The Shiba Inu (SHIB) token is the largest at about $54 million. WazirX, a cryptocurrency exchange, said
AR Rahman, a world-famous musician and music director, turned 56 on Friday. On the occasion of his birthday party, Oscar-winning composer AR Rahman announced the release of his metaverse platform “Katraar.” Moreover, he shared the clip across his various social media platforms with a witty remark. The famous artist is
CoinSwitch, a cryptocurrency trading platform, has released its proof of reserves, revealing that the total value of user assets held as of January 6, 2023, is approximately $131.096 million, or 1,083.45 crores. Amounts held in the wallets indicated total about $112.99 million, or 933.83 crores. Reveals $131.09 Million in Assets
The prominent cricket team “Mumbai Indians” known as ‘MI’ enters the realm of digital collectibles ‘Non-Fungible Tokens‘ (NFTs). The franchise’s parent company, Indiawin Sports Private Limited (ISPL), announced the issuance of the Request for Proposal (RFP) on Jan 2nd 2023. Also, the five-time IPL champion MI is the first IPL
The Indian government is initiating a crypto awareness campaign to educate investors on the legality of cryptocurrencies. In India, while highlighting the risks of investing in crypto assets. And the effort is said it is a first-of-its-kind crypto awareness campaign. It will be operated by the Investors Protection and Education
This past Thursday, the Reserve Bank of India (RBI), India’s central bank, published its monthly Financial Stability Report (FSR) for the month of December. The 172-page report touches on topics including blockchain-based assets, CBDCs issued by governments, and decentralized finance (DeFi). The RBI report acknowledges the difficulty of attempting to
