Search
India's Central Bank Launches Wholesale CBDC Pilot For Inter-Bank Borrowing
20.10.2023
The Reserve Bank of India has initiated a wholesale Central Bank Digital Currency (CBDC) pilot program for inter-bank borrowing.
The central bank had earlier announced its plans to test the wholesale CBDC, with the pilot now underway as of October. RBI’s executive director Ajay Kumar Choudhary...
India state refiner HPCL uses blockchain to verify purchase orders
19.10.2023
Hindustan Petroleum, one of India’s largest oil and gas companies, is launching a blockchain system to enable automated verification of purchase orders
Avalanche Blockchain Developer Looks to Expand in India, Hires Key Positions
19.10.2023
Ava Labs, the crypto firm supporting the Avalanche blockchain, is reportedly having plans to partner with Indian government agencies and institutions to expand its operations and help build applications on Avalanche (AVA).
As a part of its expansion plans, the firm has hired Devika Mittal of...
India’s Central Bank RBI Launches CBDC Pilot in Call Money Market
14.10.2023
India’s central bank, the Reserve Bank of India (RBI), has initiated a pilot for a second use case of its wholesale central bank digital currency (CBDC), focusing on the call money market. The Indian central bank reportedly plans to expand its e-rupee testing to cover the entire wholesale...
G20 adopts IMF-FSB Synthesis paper on crypto regulation
13.10.2023
The Group of Twenty accepted the regulatory roadmap proposed in a joint Synthesis paper of the International Monetary Fund and the Financial Stability Board in September
G20 Finance Leaders Release Joint Communique Adopting Crypto Regulation Roadmap
13.10.2023
G20 Finance Ministers and Central Bank Governors have issued a joint communique in Marrakech, Morocco announcing unanimous adoption of a comprehensive roadmap aimed at regulating crypto assets.
The joint communique was released during the fourth and final G20 FMCB meeting under India’s...
Crypto Stolen From Indian Businessman Used by Hamas in Attacks on Israel
12.10.2023
Nearly 4 crore INR ($480,000) crypto stolen from a businessman in Delhi, India has been traced back to crypto accounts linked to Hamas by Indian police.
Indian authorities received input from Israeli intelligence agency Mossad regarding some suspect wallets that were being used by terror...
Indian Government Collects Over $12 Million From Crypto Taxes
11.10.2023
India’s Central Board of Direct Taxes (CBDT) has collected more than 100 crore INR ($12 million) from one percent TDS (Tax Deducted at Source) on crypto transactions in this financial year.
The Indian government had implemented one percent direct tax on all crypto transactions from July...
Gemini Appoints Sachin Ranlani as Vice President and Head of India for Market Expansion
10.10.2023
Leading global cryptocurrency exchange Gemini has taken significant steps in its Indian expansion strategy by hiring Sachin Ranglani, a former senior vice-president of product management at fintech giant Paytm, as the head of operations for its Indian subsidiary....
Read More: Gemini Appoints...
India to Push Crypto Regulation Talks at Final FMCBG Meet in Morocco
9.10.2023
Finance ministers and central bank governors are all set to meet for the final time under India’s G20 presidency on October 12 and 13 in Marrakesh, Morocco.
The roadmap for crypto regulations is expected to be one of the major key agendas during the meeting. India will seek to ensure that...
Mastermind Behind India's $24 Million Crypto Fraud Flees Country
6.10.2023
The mastermind behind a massive $24 million crypto fraud scheme in India has managed to evade Indian security agencies and escape from the country.
The criminal, identified as Subhash Sharma, fled the nation just as authorities were closing in on him, authorities confirmed to local media. ...
Read...
CoinDCX exchange expands self-custody wallet to support 155 countries
5.10.2023
With Transak's integration, CoinDCX’s Okto wallet has increased the number of previously supported 60 countries to more than 155 jurisdictions
Exclusive: India Will Be Core Hub for Web3 Innovation, Says Gemini APAC CEO
5.10.2023
In an exclusive interview with CryptoNews, Gemini APAC CEO and Global Chief Technology Officer (CTO), Pravjit Tiwana, shared insights into the company's strategic vision for India as their core hub for Web3 innovation.
Tiwana believes that India will play a pivotal role in leading web3 innovation...
Head of Portugal central bank deems crypto unsustainable, calls for global regulation
3.10.2023
Mário Centeno praised the European Union’s first comprehensive crypto framework, MiCA, but insisted on further international consolidation of regulatory efforts
India Planning to Launch Global Database of Crypto Exchanges by Next Year
3.10.2023
India is planning to introduce a comprehensive global database of cryptocurrency exchanges to help law enforcement agencies combat crypto-related crimes.
This initiative comes as part of India's push to align itself with international standards for regulating cryptocurrency assets.
As per...
Gemini invests $24M for expansion in India
26.9.2023
Launched in May, the Gemini Gurgaon Hub has since added over 70 staff
Crypto Exchange Gemini Unveils $24 Million Investment Plan to Expand Presence in India
26.9.2023
Crypto exchange Gemini has unveiled plans to significantly expand its presence in India by investing INR 200 crore (approximately $24 million USD) over the next two years.
The move comes as Gemini inaugurates its office within the Cyber Hub at Campus Cyber Greens in Gurgaon.
Currently, Gemini...
Indian Crypto Investment Platform Mudrex Expands to Italy
25.9.2023
Mudrex successfully registered with Italy's Organismo Agenti e Mediatori (OAM), a mandatory step for crypto firms, on Sept. 1, according to the CEO
India Struggles to Curb Rising Crypto Frauds, Victims Left in a Legal Abyss Amid Regulatory Ambiguity
25.9.2023
India is currently witnessing an alarming surge in cryptocurrency-related frauds, leaving investors in despair and criminals largely unchecked.
The absence of clear regulations in the cryptocurrency space can largely be attributed to the encouragement of these illicit activities. ...
Read More:...
India to develop dark net monitoring tool to combat crypto fraud: Report
22.9.2023
The tool will monitor crypto wallets and alert the Indian Ministry of Home Affairs about irregular transactions, according to a report