News
“What Axie Infinity did for gaming, we want to do for social media,” Chingari co-founder and CEO Sumit Ghosh says.
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India News
India today is no stranger to the concept of Bitcoin (BTC) and cryptocurrency. Home to over 1 billion people, the South Asian country touts a population rivaling that of China. India, officially known as the Republic of India, is the second-largest country by population after China. The industry of cryptocurrency in India today still shows a country that is uncertain about the asset class.
In India, government bodies have discussed the country’s stance on cryptocurrencies for years. Although headlines have mentioned various possible cryptocurrency-related bans and regulatory moves — with people often asking, “Is Bitcoin legal in India?” — the country has yet to officially outlaw crypto on the whole. Companies focused on digital assets could not work with banks for a time, thanks to a 2018 ruling from the Reserve Bank of India, or RBI — the country’s central bank — but those restrictions were removed in 2020.
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Valued at $1.9 billion, CoinSwitch Kuber has become the largest crypto company in India, CEO Ashish Singhal said.
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When it comes to cryptocurrency transactions, the region of Central and Southern Asia and Oceania, or CSAO, is growing rapidly.
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Banking mogul Jamie Dimon has been a notorious detractor of Bitcoin since 2017, in contrast to his firm’s overt desire to capitalize from the ecosystem’s growth.
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India’s SMS regulation requires businesses to comply with pre-registered messaging templates to counter spam and fraud.
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The Indian Institute of Technology Madras will test use cases around the Hedera Token Service, a public blockchain for payments.
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Indian entrepreneurs believe crypto tax laws are foundational to mainstream crypto acceptance by governments.
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Indians exchanges are urging locals to buy and give Bitcoin during the upcoming holiday season.
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RealX blockchain-based platform allows Indian investors to buy and sell “direct deeded co-ownership” of holiday properties.
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CrossTower is betting on the growing crypto market in India despite uncertainty over the legal status of Bitcoin in the country.
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A former deputy governor of the RBI sees cryptocurrencies as a taxable asset or commodity.
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Following crypto exchange CoinDCX’s breakthrough to unicorn status this summer, CoinSwitch Kuber is rumored to be next in line — at a valuation close to twice that of its forerunner.
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India’s central bank is carefully considering the merits of issuing a digital rupee, while CBDC exploration continues to gather steam across the globe.
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Mumbai-based crypto unicorn CoinDCX has become a member of the Advertising Standards Council of India, a non-governmental self-regulatory organization.
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According to Xiaomi India managing director Manu Jain, cryptocurrency is an “extremely interesting” area that is doing “exceptionally well.”
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