Fri, March 29

India’s G20 Presidency Propels Global Crypto Regulation

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

September 5, 2023 2 mins read

Yes Bank Boosts Digital Rupee Usage in India With UPI Integration

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

September 2, 2023 1 min read

Indian Exchange WazirX Halts INR Withdrawals

WazirX, the Indian crypto exchange, has temporarily halted fiat withdrawals from its trading platforms. Indian crypto users have not been able to withdraw Indian rupees (INR) for over 24 hours. The suspension is due to complications with the crypto exchange’s payment provider. According to the withdrawal page on the trading

August 26, 2023 2 mins read

NC Global Media Partners With TechiLaw To Empower Indian P2P Scam Victims

NC Global Media, the Dubai-based blockchain media company, has partnered with and supported the legal team of TechiLaw, an emerging law firm, in efficiently assisting over 100 victims of peer-to-peer (P2P) scams in navigating the intricate landscape of frozen bank accounts in India. Since mid-April, a sense of uncertainty has

August 22, 2023 4 mins read

RBI’s Request to Include “Ban” in Reports Denied by FSB & IMF

G20, an intergovernmental forum supported by the FSB and IMF under the Indian Presidency, set to introduce the first global crypto regulations ahead of the next summit in September. This announcement comes after the G20 revealed global rules for crypto firms with no options. Adding to that, the RBI wants

August 17, 2023 2 mins read

Indian Supreme Court Slams Lack of Crypto Legislation by Government

According to a local media source, the Indian Supreme Court criticized the Union government on July 27 for the country’s lack of crypto legislation.  As the Supreme Court pointed out, it is “unfortunate” that the government has not issued any concrete regulations regarding cryptocurrencies. The court’s remark was made in

July 28, 2023 1 min read

Jio Financial Services Brings BlackRock Back to India after 5 Years for a $300M JV

Reliance Industries’ financial services arm, Jio Financial Services (JFS), has announced its partnership with the US-based firm BlackRock to launch asset management services in India. The joint venture will run on 50:50 ownership to offer investment solutions. Moreover, both firms will make an initial investment of $150 million each in

July 27, 2023 2 mins read

FSB Proposes Stringent Crypto Regulation Standards to G20 Nations

Finance Minister Nirmala Sitharaman of India, which is now holding the G20 chair, said on Tuesday that the G20 embraced the recommendations of the Financial Stability Board (FSB) on crypto asset activity and global stablecoin arrangements. After several claims of criminal behavior surfaced during crypto’s recent rocky year. The international

July 18, 2023 1 min read

Game-Changing Crypto Regulations and Financial Reforms to be Discussed in G20

The crypto market has experienced significant growth and developments over the past few years. As every country is developing and adopting crypto, the G20 is to discuss a game-changing move for crypto regulations, international taxation, and bank finances. Moreover, the G20 finance ministers and central bank governors came up with

July 13, 2023 2 mins read

2 Engineers in India Lose 43 Lakh INR ($52,054) to Crypto Fraud

Two Cuttack engineers have reportedly been scammed out of 43 lakh INR ($52,054) by crypto investment fraudsters. The two engineers from the Purighat and CDA regions reportedly lost money after investing in a fraudulent website. Both of these regions are located in Cuttack, Odisha, India. The victims have filed a

July 10, 2023 2 mins read