India

India

Consensus Magazine

India Has Clamped Down on Crypto. What Will It Do With Its G-20 Power?

As this year's president of the intergovernmental forum, India can dictate how developed countries think about the future of crypto regulation, says CoinDesk's Amitoj Singh.

(Rachel Sun/CoinDesk)

Policy

Indian Government Launches Blockchain Initiative With 5ire, Network Capital

5ire said in July it raised $100 million in Series A funding from U.K.-based conglomerate Sram and Mram.

(Shubham Dhage/Unsplash)

Policy

Crypto Speculation Has Had Its 'Comeuppance': Raghuram Rajan

But that shouldn’t disqualify blockchain technology. Regulators should steer clear of extreme measures, the former governor of India’s central bank told CoinDesk in Davos.

Former RBI governor Raghuram Rajan speaking at a WEF panel on the 2023 macroeconomic outlook in Davos. (Sandali Handagama/CoinDesk)

Videos

WazirX's Proof-of-Reserves Report Shows 90% of User Assets Are in Binance Wallets

Indian crypto exchange WazirX released its proof of reserves report that disclosed 90% of its user assets are held in Binance wallets. "The Hash" panel discusses the Twitter drama between WazirX and Binance CEO Changpeng "CZ" Zhao.

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Policy

90% of WazirX's User Assets Are in Binance Wallets, According to Proof-of-Reserves Report

"We are not only India's largest crypto exchange by volume but also India’s largest crypto cxchange by reserves," a WazirX blog post said.

WazirX CEO Nischal Shetty (WazirX)

Videos

India’s Crypto Outlook

WazirX executive warns last year’s troubles may spillover into 2023. That story and other news shaping the cryptocurrency world in this episode of "The Daily Forkast."

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Policy

Indians Moved Over $3.8B to Foreign Exchanges Since Crypto Tax Rules

A study from the Esya Centre provides the first monetary estimate of what effect the country's crypto taxes has had on domestic trading platforms.

The Internet and Mobile Association of India has disbanded its body representing India's crypto industry. (Laurentiu Morariu/Unsplash)

Policy

FTX, Congress, Stablecoins: What 2023 May Bring for Crypto Regulations

CoinDesk’s policy team predicts the issues and topics that may take center stage over the next 12 months.

(Alexi Rosenfeld/WireImage/Getty Images)

Videos

Next Financial Crisis Could Stem From Crypto, Indian Central Bank Governor Warns

India's central bank Governor Shaktikanta Das has predicted that the next financial crisis will come from "private cryptocurrencies" if they are allowed to be regulated instead of being banned outright. "The Hash" panel discusses the latest in India's state of crypto and its potential global impact.

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Policy

Next Financial Crisis Will Be From Crypto if It's Not Banned: Indian Central Bank Governor

India currently holds the presidency of the G-20, giving the nation powers to determine the agenda around discussions regarding global crypto rule-making.

Reserve Bank of India (Shutterstock)