India

India

Politiche

Crypto India Looks for Relief but Holds Out Little Hope in Budget Speech

India is unlikely to make any crypto related tax cuts, multiple sources said.

Nirmala Sitharaman (right) with U.S. Treasury Secretary Janet Yellen (Indian Finance Ministry)

Finanza

WazirX Says Binance Lied About Ownership as Dispute About India’s Largest Exchange Escalates

The back-and-forth about the ownership of WazirX could have a devastating effect on the Indian exchange and its users.

Changpeng Zhao, CEO of Binance, at Consensus Singapore 2018 (CoinDesk)

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)

Politiche

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)

Politiche

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)

Video

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.

Recent Videos

Politiche

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)

Video

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."

CoinDesk placeholder image

Politiche

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)

Politiche

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)