One of the fastest-growing industries in the financial sector is the crypto industry which has escalated exponentially in the last decade. Significantly, the crypto buzz across India is gradually increasing every year. Crypto trading has become popular in India despite its regulatory issues and other challenges. It is clearly known
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
Coinbase-backed cryptocurrency exchange CoinDCX collaborated with Nansen to provide proof-of-reserves on November 24. This coincided with a rise in the need for exchanges to disclose their business practices among crypto investors worldwide. The information offers an overview of CoinDCX’s overall financial position. Including its token and protocol distribution, asset value,
CoinDCX founder Sumit Gupta joined the investigation. CoinSwitch Kuber was also part of the investigation. Under the Foreign Exchange Management Act (FEMA), India’s Directorate of Enforcement (ED) has sent notifications to cryptocurrency exchanges requesting additional information and documents as part of its ongoing investigation into any alleged foreign exchange crimes
Banks are reluctant to accept crypto transactions because of regulatory uncertainties. Trading volumes at CoinDCX have dropped 40% since the UPI ban. CoinDCX’s chief operating officer, Mridul Gupta, had joined the crypto exchange CoinDCX last year, where he hopes “to drive growth for CoinDCX business and build India’s leadership in
The CoinDCX, the most prominent cryptocurrency exchange is now all set to sponsor the power-packed cricket T20 series between India and Sri Lanka. The T20 series will take place in Sri Lanka. CoinDCX has tied up with the Sri-Lanka cricket officially to bring this up. The Sponsorship Yes, the news
