Blockchain & crypto news from India
On Monday, financial authorities in Mexico told that crypto assets aren’t legal tender and aren’t considered currencies under current laws. The authorities further cautioned financial institutions that operate with them are subject to sanctions. The joint statement by banking regulators, the Bank of Mexico and the the Bank of Mexico after Ricardo Salinas Pliego, a…
India’s super-rich people and family offices are becoming part of the crypto bandwagon. On their part, crypto exchanges are rolling out the red carpet for them with personalized services. Crypto funds and exchanges have experienced an increase in investments – skywards of Rs. 1 crore – by rich people and family offices, amid rising global…
Encountering hostility from the World Bank, opposition parties and IMF to his stand to make bitcoin legal tender in EI Salvador, President Nayib Bukele has promised $30 for each netizen who endorse the crypto. Began by Bukele, this month EI Salvador’s parliament accepted a law to allow the crypto money to be accepted as tender…
Trading on crypto exchanges based out of India may get more expensive as the country’s regulator pondering over a 2% equalization tax on crypto dealings. The new equalization tax – a levy that the nation charge on foreign companies – would apply to other cryptocurrencies and Bitcoin purchased off exchanges that are based out of…
On June 22, Visa and PayPal led a $300 million fundraising in Blockchain Capital, a crypto venture capital (VC) firm. Additionally, a few other investors and the 2 payments giants will participate in the firm’s strategic partnership program. The organization’s 5th funding round, called ‘Fund V’, was oversubscribed at its $300 million hard limits. According…
Crypto exchanges in India are coming together to make a new lobby in the country as regulatory uncertainty still appears overhead. This new lobby will be under the guidance of IndiaTech – an industry body showcasing leading internet startups in India including MakeMyTrip, Ola, Dream11, Nykaa and so on. While other exchanges are yet considering…
On Monday, Bitcoin dived more than 10% after China widened a clampdown on its huge crypto mining industry with a ban on mines in a main southwestern province. Mines in China power nearly 80% of the global trade in crypto in spite of a trading ban since 2017. But in recent months many provinces have…
The US’ NRCC (National Republican Congressional Committee), the United States House Republicans’ campaign arm told it will be receiving donations in digital currency. The organization told it would be the first national party committee to accept donations via virtual currency like Bitcoin, which it told would aid it to support Republican candidates in midterm elections…
Bitcoin is getting more privacy features as scrutiny increases over the use of crypto during a current series of ransomware attacks. This past weekend the most important update in 4 years to the computer software that supports the world’s largest digital token was accepted with a small fanfare. In previous years, fights among the groups…
Some of the prominent Indian banks are coming together to create a new company that will leverage the potential of blockchain tech to accelerate the processing of Letters of Credit (LCs). IBBIC (Indian Bank’s Blockchain Infrastructure Company Private Limited) is an alliance of 15 banks including HDFC, ICICI, RBL, Canara and SBI Bank. The system…