India

India's HDFC Bank Calls Bitcoin a Fad as Exchanges Mull Legal Fight Over Restrictions
HDFC noted a link between bitcoin prices and searches on Google.

Sandeep Nailwal: India Crypto Covid Relief Fund 'Kind of Exploded' After Buterin's Donation
Sandeep Nailwal, a co-founder of Polygon, started a crypto relief fund for India as it battles a deadly second wave of COVID-19. The fund attracted several big names in crypto, including Ethereum creator Vitalik Buterin, who donated approximately $1 billion n SHIB tokens. Nailwal joins "First Mover" to discuss the success of the relief fund and whether it is shifting government opinion of crypto in India. Plus, will he be liquidating all the donated SHIB?

Ripple to Deliver First Real-Time Payments From Oman to India Using Blockchain
Customers of BankDhofar will be able to use its mobile app to send real-time payments to IndusInd accounts.

India’s Government May Form Panel to Study Regulating Crypto: Report
The news comes amid the view that proposals for a blanket ban are outdated.

India's Developers Are Web 3's Sleeping Giant
Regulatory uncertainty has held back India's 4.2 million-strong developer base from embracing blockchain tech, says our columnist.

Banks Are Already Cracking Down on Crypto, Indian Traders Say
Indian crypto traders are receiving account closure notes from banks, and exchanges see issues with bank transfers

Binance's Indian Crypto Exchange Lists SHIB Token as Vitalik Gift Garners Local Press
The new listing comes a day after Ethereum's founder donated $1 billion in SHIB to India Covid Relief Fund.

Reserve Bank of India Discourages Lenders From Dealing With Crypto Exchanges: Report
India’s central bank has been unofficially asking banks why they are dealing with crypto businesses.

India's Central-Bank Owned Retail Payments Platform Refuses to Ban Crypto Transactions
The agency told banks they should consult their legal and compliance departments on whether they should block transactions on their own systems.

‘Everyone Has Been Bitten By The Chia Bug’; Indian Banks Puzzle Crypto
The Indian crypto industry speaks out after banks try to block crypto transactions based on a banking ban that no longer exists. The Chia bug keeps on biting. The “green” alternative crypto coin has one exchange calling the first week of trading “crazy.”

