India’s central bank wants to ban cryptocurrencies, government says

India’s crypto tax pushing traders to foreign exchanges

India’s tax rules on crypto, which went into effect last April, has resulted in local exchanges ceding the lion’s share of the market to those operated by foreign players, according to a new report. Binance, Coinbase and other foreign exchanges commanded 67.6% of the crypto market share in India as of October 2022, up from […]

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Crypto’s biggest powerhouse flexes on its competition

Binance chief says crypto exchange doesn’t see viable business in India

Scores of crypto-focused venture capital firms have raced to India in the past two years, hoping to turn the world’s second largest internet market’s large developer community into a key web3 power house. But what does Changpeng “CZ” Zhao, arguably the most powerful and influential figure in the crypto industry, think about the potential of […]

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CoinDCX launches Okto to make DeFi apps accessible to masses

CoinDCX launches Okto to make DeFi apps accessible to masses

The complex onboarding and user experience is the price people pay to use decentralized apps – and it’s also one of the reasons why most people are not using those services. A top Indian crypto exchange wants to fix that for users worldwide. CoinDCX on Friday launched Okto, a mobile platform that will host other decentralized […]

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India authority is searching offices of a16z-backed CoinSwitch Kuber

India authority is searching offices of a16z-backed CoinSwitch Kuber

India’s financial crime-fighting agency is searching multiple premises of the Bengaluru-headquartered crypto exchange startup CoinSwitch Kuber over suspicion of violation of the South Asian market’s local foreign exchange management act, two people familiar with the matter said. The Enforcement Directorate began the searches on Thursday and the probe is ongoing, the people said, requesting anonymity […]

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India’s central bank wants to ban cryptocurrencies, government says

Top Indian tech advocacy group drops crypto over regulatory uncertainty

The leading influential technology lobby group in India is turning its back on advocating for crypto in a major setback for the local ecosystem in the South Asian nation. Internet and Mobile Association of India, an 18-year-old lobby group, said Thursday it is dissolving the Blockchain and Crypto Assets Council, its four-year endeavor to support […]

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