India

India’s State-Regulated Digital Payments Network Is Dominated by Google and Walmart
A shared payments infrastructure initiated by the state and joined by major Indian banks, the United Payments Interface (UPI) accounted for over 2.2 billion transactions in November.

India Plans to Tax Income From Bitcoin Investments: Report
The country's income tax authority is tracking investors making money amid the ongoing bitcoin price rally and is all set to demand taxes, two sources familiar with the matter told The Economic Times.

In India, a Clash of Digital Innovation and Internet Censorship
Among democracies, the Indian government tends to shut down the internet most frequently. Can crypto thrive in this environment?

DefiDollar Raises $1.2M to Be the Risk-Insured Stablecoin Layer for DeFi
India-based DefiDollar has raised $1.2 million in a seed round led by Divergence Ventures, Standard Crypto and Accomplice.

India Will Soon Have Crypto 'Banking' at 22 Physical Locations
Cashaa is teaming with a credit cooperative society to provide cryptocurrency financial services at 22 branches in the north of India.

Amid Confusion About Rules, Indian Crypto Community Pushes for Regulatory Sandbox
India's crypto businesses are proposing a regulatory sandbox to allow startups to grow while the nation builds rules around the nascent space.

Tim Draper Leads Targeted $5M Series A for India Crypto Exchange Unocoin
Draper Associates is backing the round for the Bangalore-based cryptocurrency exchange, with $3.6 million raised so far.

Cosmos Gains Traction in India Amid Broader Crypto Resurgence
Cosmos and its ATOM token are finding success among university students in India during the 2020 bull market.

Investors Flock to India's DeFi Scene Months After Central Bank Ban Overturned
DeFi protocols UniLend Finance and PlotX announced Tuesday they had both successfully completed their seed rounds.

India Said to Be Preparing to Ban Cryptocurrency Trading: Bloomberg
The federal cabinet is expected to shortly discuss a new bill before passing it to the parliament, people familiar with the matter told Bloomberg.

