Tag: india

Jan 15 2021

MahaDAO’s Algorithmic ‘Valuecoin’ Goes Live on Ethereum

Jan 15 2021 Published at CoinDesk under tags  business defi india stablecoins tech

ARTH tries to maintain its value over time compared to other stablecoins that lose value as the dollar is inflated.

Bitcoin Worth $1.2M Seized From India Hacker

Jan 15 2021 Published at CoinDesk under tags  crime crypto seizures hackers india news

"Shreeki" allegedly hacked government portals, bitcoin exchanges and poker sites.

Indian Police Seize $1.2 Million Bitcoin from Arrested Crypto Hacker

The police arrested the hacker for breaking into a government website but discovered his Bitcoin hacks during an investigation.

Jan 08 2021

Internet Shutdowns Cost India $2.8B in 2020: Report

A 2020 report by Top10VPN found India to be the country that suffered the most economic damage from internet disruptions.

Jan 01 2021

Proposed Indian Crypto Tax Might Kill the Local Industry

The government is expecting to gain $1 billion in taxes from Bitcoin trades.

Dec 30 2020

World’s First Physical Cryptocurrency Bank Opens in India

Cashaa partnered with United Multistate Credit Cooperative Society to open a physical cryptocurrency banking branch in Jaipur.

Dec 29 2020

India Mulls Imposing 18% Tax on Bitcoin Transactions

Dec 29 2020 Published at CoinDesk under tags  bitcoin india markets news policy & regulation

The move is viewed by some as a sign the Indian government is warming up to cryptocurrencies.

India to Impose 18% Tax on Bitcoin Trading

The Government is planning to categorize Bitcoin as an intangible asset to collect $1 billion in BTC trading tax.

Dec 28 2020

Lending Platform Vauld Raises $2M to Grow Into a Full Crypto Bank

Vauld, formerly called Bank of Hodlers, raised $2 million in a round led by Pantera Capital to expand its crypto banking platform.

Dec 22 2020

Indian Cryptocurrency Exchange CoinDCX Receives $13.9 Million Funding

CoinDCX raised 100 Crore INR worth nearly $14 million from investors including Coinbase Ventures and Block.one.

India’s Leading Bitcoin Exchange Raises $13.9M From Block.One, Coinbase Ventures

India's largest cryptocurrency exchange, CoinDCX, has raised $13.9 million in a Series B funding round led by Block.one.

Dec 21 2020

India’s State-Led Payment Network Is Growing. Now India Wants to Export It

India’s state-led payments system, United Payments Interface (UPI), was first rolled out in 2016 and is currently used by 175 million people.

Dec 11 2020

India’s Banks Are Once More Serving Crypto Traders and Exchanges

Dec 11 2020 Published at CoinDesk under tags  banks business exchanges india markets

Indian banks have started doing business with select cryptocurrency exchanges and their customers, CoinDesk has confirmed.

Dec 09 2020

India’s State-Regulated Digital Payments Network Is Dominated by Google and Walmart

Dec 09 2020 Published at CoinDesk under tags  digital payments google india news 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.

Dec 05 2020

India Plans to Tax Income From Bitcoin Investments: Report

Dec 05 2020 Published at CoinDesk under tags  india markets news policy & regulation tax

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.

Nov 25 2020

In India, a Clash of Digital Innovation and Internet Censorship

Nov 25 2020 Published at CoinDesk under tags  censorship coindcx digital payments india media

Among democracies, the Indian government tends to shut down the internet most frequently. Can crypto thrive in this environment?

Nov 11 2020

CoinDCX Launches Ethereum Staking before Ethereum 2.0 Launch

The Indian crypto exchange will enable small investors to participate in staking with as low as 0.1 ETH.

Oct 20 2020

The Rush To Own India’s Bitcoin Market Is Back On

Oct 20 2020 Published at Bitcoin Magazine under tags  adoption india investing regulation

While the volume and scale may not be huge by current industry standards, venture capital inflows into Indian Bitcoin companies have been hard not to notice this year. Long considered an obviously ripe market for Bitcoin adoption, the regulatory and banking establishments in India have, at times, hamstrung growth of a local commercial Bitcoin ecosystem, leading to...

Oct 13 2020

India’s First Bitcoin Exchange Proposes Regulatory Sandbox Over Ban

Oct 13 2020 Published at Crypto Briefing under tags  analysis india regulations

As regulators in India mull over a new Bitcoin ban, the country's first crypto exchange, BuyUcoin, and industry leaders have come together to propose an alternative. Indian Government Balances Bitcoin Ban Founded in 2016, one of India's first crypto exchanges, BuyUcoin, quickly became a multi-million dollar platform. Though volumes evaporated following the banking ban in...

Oct 05 2020

‘Morris Coin’ Ponzi Scheme Busted: 36-Year-Old Man Arrested in India

Police were tipped off by someone who was not directly involved in the Ponzi scheme.

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