Blockchain & crypto news from India
According to reports, PM Narendra Modi conducted a pivotal meeting on the way forward for crypto and related issues today. The important meeting comes after Shaktikanta Das, Governor of Reserve Bank of India (RBI) sounded serious on cryptos, warning investors of the possible risk of the digital currency. Das, on Wednesday, said that cryptos are…
A digital asset exchange based in Hong Kong, crypto.com has started issuing Visa crypto cards for its users in Brazil. The firm said that users receiving and applying for cards won’t be charged any annual, monthly, or ATM withdrawal fees. As opposed to normal Visa cards that provide a line of credit, these crypto Visa…
Twitter has always been the hot topic of all discussions around cryptos. It appears that the social media platform understands its importance in the crypto world, as it has now decided to operate on blockchain and crypto solutions for the platform. The announcement comes through a tweet by an engineer who has joined Twitter to…
According to officials, developed by foreign institutions, Central Bank Digital Currencies (CBDCs) are expected to become legal tender in the Eurozone. Board member of European Central Bank, Fabio Panetta confirmed the possibility of this outcome on Tuesday in Helsinki. With the implementation of legal tender status, foreign CBDCs will serve as any foreign currency. He…
The Centre is expected to move a revamped bill on crypto at the beginning of the Winter Session of the Parliament. According to sources, officials of the ministry of finance are working towards altering the recommended crypto legislation. A previous draft of the bill suggested a ban on the utilization of digital currency in India….
The famous video games retailer and trade-in outlet, GameStop is serious about its entry into the crypto-world and has posted 8 job listings in the previous week which indicate at a major blockchain and NFT (non-fungible token) expansions. The vision of GameStop for its future was also hinted in one of the listings where the…
On Thursday, the Delhi High Court asked for the reply of the State Bank of India and the Reserve Bank of India on a plea seeking to guide authorities to reverse the ban on the use of UPI platform in dealing and settling funds in the crypto exchange WazirX. A bench of Justice Jyoti Singh…
On Monday, Mastercard announced that the company has signed a deal with crypto firm Bakkt to make cryptocurrency options available to banks and merchants across its payments network. Banks on Mastercard’s global payments network will be able to offer crypto rewards on debit and credit cards and reward points on purchases like hotels or airlines…
On October 21, the Securities and Exchange Board of India declared that investment advisors are banned from advising on unregulated instruments. This practically prohibits the investment advisors from suggesting on digital gold, crypto and other unregulated products. The market regulator said that it has come to the notice of SEBI that some registered investment advisors…
Investing invariably in crypto became simple. Coinbase, in September, announced that its users will shortly be able to set up direct deposit with any percentage of their paychecks and can select for the money to be deposited as U.S. dollars or any of the more than 100 cryptos available at the exchange, with no fees….