In an era where disruptive technologies are redefining financial boundaries, cryptocurrency, particularly Bitcoin, has emerged as a game-changer. No country illustrates this paradigm shift better than India, which has witnessed an astounding 2700% increase in new Bitcoin users over the past three years. According to reports, the dawn of India’s
Bitcoin, the largest cryptocurrency by market capitalization, has transitioned from being an esoteric fascination to a commonly recognized monetary instrument. While its hype extends globally, some countries are at the forefront, experiencing an extraordinary leap in the number of crypto users and owners. Crypto Craze: 2018-2022 Growth in Key Global
India’s cryptocurrency industry is mobilizing for reform as a wave of proposals seeks to restore access to the immensely popular Unified Payments Interface (UPI) for crypto-related transactions. According to insiders, the Indian government and central bank have been inundated with these proposals, while the newly established crypto policy advocacy group,
Amid the anticipation of India unveiling its crypto regulatory framework, the seizure of numerous Binance P2P-linked bank accounts triggered a noisy shockwave in the community. A netizen from the community posted a tweet thread to publicize the seizing of her bank account and her subsequent communication with the Cyber Crime.
India’s recent completion of its first blockchain-enabled letter of credit transaction on the Contour Network marks a significant milestone in the digitization of trade finance processes. The transaction, valued at $3 million by Citibank, is expected to reduce transaction time and costs for clients, paving the way for more efficient
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
This year has seen a lot of headlines regarding the rising economic dominance of the BRICS bloc of countries. According to a recent Bloomberg report, the BRICS countries are expected to grow their economies faster than the G7 nations. The collective country will grow economically to shift the global power
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
