India

India

Finance

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.

Indian Supreme Court, New Delhi (iMetal21/Shutterstock)

Policy

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.

Hyderabad, India (Shutterstock)

Markets

Tech Mahindra to Offer Blockchain Solutions on AWS

The Indian tech giant will offer blockchain solutions built on Amazon-managed blockchain.

(MajestiX B/Shutterstock)

Policy

Bitcoin Should Be Regulated Like Stocks in India, Says Think Tank Founder

Because it is similar to other financial assets, India should legitimize bitcoin by regulating it like a corporate stock, according Deepak Kapoor.

Indian Supreme Court, New Delhi (iMetal21/Shutterstock)

Markets

Hacker Hijacks Twitter Account of Indian Prime Minister's Relief Fund, Asks Followers for Crypto

Prime Minister Narendra Modi has become the latest victim of a Twitter hack undertaken to trick social media users into sending crypto to the attackers.

Indian Prime Minister Narendra Modi

Finance

Crypto Banking Firm Cashaa Eyes India Expansion After $5M Raise

The crypto-friendly banking firm raised $5 million from Dubai-based blockchain investment and advisory firm 01ex.

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Finance

Binance Taps DeFi Excitement to 'Fuel' Expansion Strategy in India

Binance is looking to accelerate business development in India during the local 2020 bull run – with an acute focus on decentralized finance.

Binance CEO Changpeng Zhao

Markets

Binance-Owned WazirX Announces DeFi Project With Matic

The exchange has opted for Matic instead of Ethereum’s network, which is currently dominating the DeFi space because of "high gas costs."

The Gateway of India in Mumbai.

Policy

India May Be Starting Its Biggest Bitcoin Bull Run Yet

India’s crypto trade volumes have soared since the Supreme Court of India lifted banking restrictions for exchanges in March. According to Coin Dance's Paxful and LocalBitcoins volume data, India’s bitcoin peer-to-peer trade volume reached an all-time high in July.

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Markets

CoinDCX Becomes First India Exchange to Offer Users Crypto Staking

Mumbai-based cryptocurrency exchange CoinDCX launched its new product on Friday, allowing users to stake cryptocurrencies from Harmony, Qtum and Tron.

The Gateway of India in Mumbai