India

India is set to soon introduce its revised crypto bill in the ongoing Winter Session of the Parliament. Meanwhile, there is a lot of chatter as to what that bill will incorporate. As per a local source-based report, the bill might restrict crypto exchange-to-exchange transfers. Therefore, a blanket ban on trade among bourses is whatContinue reading “Report reveals India may restrict exchange-to-exchange transfers, introduce crypto wallet”

India’s ongoing regulatory uncertainty regarding cryptocurrencies, has led to widespread FUD in the sector. However, another side of the regulatory narrative has come to the fore amid these circumstances. The Confederation of Indian Industries (CII) proposed that cryptocurrencies and other digital assets be designated as ‘securities of a special class,’ according to local media. The specialContinue reading “India trade association, CII wants crypto to be considered ‘securities of a special class’”

China’s digital yuan CBDC is seeing formidable rates of adoption. Meanwhile, Australia reported on the “successful completion” of its research for the Project Atom CBDC. Adding to that, Project Jura saw the Banque de France and the Swiss National Bank finishing up a cross-border wholesale CBDC transfer trial, which was also “successful.” Now, the ReserveContinue reading “India to explore wholesale, retail CBDCs, ‘will release pilot, whichever is ready first’”

A new era of technology is upon us and India surely does not want to miss out on this, especially when it can leverage it to boot its economy. This point was brought up in a report released by US India Strategic and Partnership Forum [USISPF] and CrossTower which suggested that $1.1 trillion of India’sContinue reading “India: Crypto, Web 3.0 and blockchain can help push India’s economy by $1.1 trillion”

One of the main FUDs revolving around the digital asset industry recently has been India’s supposed intention to ban private cryptocurrencies. While rumors of a complete ban have somewhat been rejected by the government, officials in the country still don’t seem completely sold on the idea of legalizing cryptocurrencies. During an interview with the EconomicContinue reading “India’s business, finance biggies disagree over crypto utility”

After days of panic selling in India due to rumors of a crypto ban, WazirX CEO Nischal Shetty has been pushing investors to learn more about the crypto industry, while urging Indian regulators to look at crypto use cases apart from payments. Appearing on the Mojo Story show, Shetty reiterated these points, but also spokeContinue reading “Are crypto ads next battleground for Indian regulators”

Looks like the Securities and Exchange Board of India (SEBI) will oversee the country’s crypto market, as per reports. There will be no ban on investors having exposure to private cryptos in India, a source-based report confirmed. These reports came in soon after an ORF report stated that a ban would be “technically impractical.” It alsoContinue reading “Securities regulator SEBI to oversee India’s crypto market, report reveals”

India’s crypto market is on the edge of a regulatory brink right now. Undoubtedly, investors’ sentiments are in flux. On 1 December, crypto exchange KuCoin published a report taking a look at the crypto scene in India to understand investors’ sentiments. In fact, the exchange also revealed which coins were a hit with Indian tradersContinue reading “KuCoin report shows Bitcoin is India’s favorite crypto, but a surprising hit is…”

India‘s crypto-sector has come under a lot of regulatory scrutiny recently. In a much-needed move, the watchdogs are now targetting indirect crypto-schemes. According to local reports, India is set to flag several crypto-investment funds launched by individuals and cryptocurrency exchanges. This will include chit funds, multi-level marketing (MLM) schemes, and systematic investment plans (SIP) inContinue reading “India: Govt. to target chit funds, MLM-like crypto-investment schemes”