Blockchain & crypto news from India
The retail pilot for RBI’s CBDC, launched December last year, is now in its fifth month. With over five thousand merchants enrolled to participate by eight banks, the e-Rupee is the answer to the rise of cryptocurrencies as a payment medium, and will be the national digital currency of India with the use of a…
While the Western world is in no hurry with the CBDC, two more countries have announced their upcoming CBDC pilots. Japan has been experimenting with the CBDC technology for some time, and will now launch a pilot CBDC in April 2023. The testing phase was done by PoCs, and the pilot will further test the…
Japan has been among the first countries to legalize and adopt cryptocurrencies. In Web3, it is quickly learning the potential use cases in both public and private sectors. The latest development is that of telecom operator NTT Docomo planning to invest in the new technology to address social issues. For this the company has signed…
When NFTs began selling for millions of dollars, a new industry was created in the crypto universe. The ongoing recessionary trend in worldwide markets have impacted this industry too, and at OpenSea, there was a drop of 99% between May-August this year, says DappRadar. If patents are an indication of signs of life and thriving,…
While the developing world grapples with how to treat cryptocurrencies and their businesses, Japan is eager to adopt them into mainstream economy and make things easier. The country is looking into reducing the tax burden on crypto ventures that list new coins, as well as crypto investors who currently pay a high capital gains tax….