India
A16z Invests $500M in Indian Startups
According to a TechCrunch report, venture capital firm Andreessen Horowitz (a16z) plans to invest $500 million in India’s rapidly growing startup ecosystem. “The Hash” group discusses India’s budding crypto community, being the home of noteworthy projects like Polygon, and how VC interest could curb heavy regulation in the country.
Andreessen Horowitz Commits $500M for Indian Startups: Report
The move comes as more VCs target India’s growing startup ecosystem.
India Includes Crypto Businesses in New Rules for Cyber Security
The move is seen as a positive step that gives clarity to the crypto industry on several fronts.
India to Give Clarity on Tax Provision Within Two Months: Sources
The 1% tax deducted at source has been the biggest pain point in the new tax rules for India's crypto industry.
India Needs a Single Crypto Regulator, Says Polygon Co-Founder
A collective authority could encourage projects like Polygon to set up shop in India, co-founder Sandeep Nailwal told CoinDesk.
NFT Cricket Platform Rario Raises $120M Round Led by Dream Capital
With the investment, Rario can access Mumbai-based fantasy sports platform Dream Sports and its users to further propel both companies into Web 3.
Australia to List Crypto Spot ETFs; WazirX Founders Leave India
Bitcoin and Ethereum spot ETFs landing in Australia next week. India’s WazirX founders move to Dubai. Memecoin fans hope to head to the moon on “Dogecoin Day.” Those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Indian Crypto Exchange CoinDCX Raises Over $135M in New Funding Round
The raise brings CoinDCX's valuation to more than $2 billion, said co-founder and Chief Executive Sumit Gupta.
Some Indian Payment Processors Cut Off Local Crypto Exchanges
The moves follow a new tax on crypto profits and come as regulators pressure the payments companies, sources say.
