India
Indian TikTok Rival Chingari Raises $15M Round Led by Republic Capital: Report
Following a ban on TikTok in India, Chingari grew rapidly and now has over 35 million active users.
Indian Gaming Firm nCore Games Raises $10M for Web 3 Offerings: Report
The funding round was led by Animoca Brands and Galaxy Interactive and including participation from Polygon.
India’s Central Bank Creates Fintech Department That Will Address CBDC
The bank is working on a digital currency, and parliament is set to consider crypto regulations.
Industry Body for Indian Startups Seeks Crypto Rules
The group wants Parliament to provide more clarity on tax issues in its upcoming budget session.
The Inside Story of How India’s Crypto Exchanges Were ‘Inspected’ by Tax Agencies
Two agencies, five months, five crypto exchanges, 100-plus officers, more than Rs 700 million in tax recovery, and yet the scale of the misdemeanor, excused by “ambiguity,” remains unknown.
Bitcoin Turns 13, Raising Capital on the Blockchain
Indian tax authorities raid crypto businesses. Bitcoin matures as it becomes a teenager. Raising capital on the blockchain. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Half a Dozen of India’s Crypto Exchanges Searched After Alleged Rupee 700M Tax Evasion Detected: Sources
The sources said the searches were initiated after a Mumbai tax authority recovered funds from crypto exchange WazirX.
2021: The Year of Crypto Policy and Regulations
From the U.S. infrastructure bill to multiple Capitol Hill hearings on stablecoins, from Turkey banning crypto transactions to China banning crypto mining to India dabbling with tighter regulation, 2021 was a defining regulatory year for the industry.
India’s Central Bank Recommends Basic Version of CBDC
The bank calls the currency a “convenient alternative” to cash.
