Blockchain & crypto news from India
Whatsapp has introduced a new pilot that allows a ‘limited count’ of individuals in the United States to receive and send money from within a chat using crypto. The feature is powered by Meta’s digital wallet named Novi that introduced as a pilot 6 weeks ago. Also, the payments will be made using Pax Dollars…
According to reports, the latest Indian crypto bill will necessitate the requirement for sharing KYC (Know Your Customer) data of users with several regulators and government agencies for verification. The latest bill will command for a uniform KYC procedure for all cryptocurrency exchanges though they have their own process as of now. The new bill…
According to sources, suggested legislation that would prohibit the use of cryptos as a mode of payment in India also anticipates making those who violate the law subject to arrest without a warrant and being held without bail. The government of PM Narendra Modi has earlier indicated that it proposes to prohibit most cryptos –…
The Indian Government, as expected, is not looking to completely ban the use of cryptocurrencies in India. Extending on our previous post on the highly anticipated cryptocurrency bill, new information suggests that the Indian Government is looking to regulate cryptocurrencies as assets. According to a cabinet note, as seen by a media channel, all Indians…
India’s new crypto law is set to red-flag many investment schemes introduced by crypto exchanges and individuals that are akin to multi-level marketing (MLM), chit funds and systematic investment plans (SIP), as it looks forward to creating a robust regulatory system to safeguard vulnerable rural populations purchasing risky cryptocurrency assets. Regulators including the Securities and…
On Wednesday, Facebook announced its decision to end the much-awaited policy that obstructed many crypto firms from running advertisements on its services. The stance comes post the firm, which is now renamed as ‘Meta’, tried and failed to introduce crypto that could be utilized to send money online to anyone worldwide through Facebook products. On…
According to co-founder, Neeraj Khandelwal, India’s first crypto unicorn, CoinDCX, wishes to work towards an initial public offering as soon as government regulations permit it. Khandelwal said that akin to Coinbase Global Inc.’s U.S. listing earlier this year, the share sale would be a key vote of confidence for the country’s digital asset industry. He…
On Monday, Nirmala Sitharaman, Finance Minister said that the central government has no intention to accept Bitcoin as legal tender in India. Responding to whether the government is aware that Bitcoin transaction is quietly flourishing in the country in recent years, FM said that the Centre doesn’t gather any info on Bitcoin transactions in the…
As Parliament proceeds to discuss and debate norm or ban of cryptos and crypto exchanges in parliament from next week, India might have to be mindful that new global guidelines are being set on the management and permission of cryptos, especially given that terror financing and money laundering would become very easy without coordinated global…
The Tourism Authority of Thailand (TAT) is expecting to introduce its own crypto token called TAT Coin, as part of its ‘cryptourism’ campaign. It is an initiative intended to lure some of those rich crypto investors, who can increase the GDP of the country. According to reports, the CEO and founder of the crypto exchange…