India

India is formulating regulations to oversee deepfakes, the country’s Minister for Railways, Communications, Electronics and Information Technology Ashwini Vaishnaw said on Nov. 23, expanding on Prime Minister Narendra Modi’s statement the day before about his concerns about the technology. ...

The Indian Supreme Court declined to consider a Public Interest Litigation (PIL) that aimed to establish regulations and a framework of guidelines for cryptocurrency trading in India.According to a report, the bench headed by the Chief Justice of India (CJI), after listening to the plea, r ...

The annual report from India’s Ministry of Home Affairs (MHA) revealed that officials from various cybercrime and police departments were trained in cryptocurrency forensics and investigation during the financial year 2022-23.The MHA, or the Home Ministry, highlighted that under the Narcot ...

India’s state-run refiner Hindustan Petroleum (HPCL), one of India’s largest oil and gas companies, is launching a blockchain system to enable automated verification of purchase orders (POs).HPCL has partnered with the blockchain software firm Zupple Labs to integrate its blockchain-based ...

Mário Centeno, the Governor of Banco de Portugal, has joined the growing number of regulators advocating for a global framework to regulate cryptocurrencies effectively. In his opening speech at the 2023 Banco de Portugal Financial Stability Conference on October 2, Centeno emphasized the need for i ...

Rupert Schaefer, the Executive Director of Strategy, Policy and Control at the German Federal Financial Supervisory Authority (BaFin), has emphasized the importance of global regulation for the cryptocurrency industry. In a blog post, Schaefer likened regulators to air traffic controllers, and he hi ...

India is currently in the process of crafting a comprehensive cryptocurrency regulatory framework. This framework is being developed based on the joint recommendations of the International Monetary Fund (IMF) and the Financial Stability Board (FSB). Unlike the previous consideration of an outright b ...

Coinbase's Exit Strategy: Indian Users Urged to Secure Their Funds Before September 25! Coinbase, the USA's largest cryptocurrency exchange, known for its rigorous regulatory compliance, has dropped a bombshell on its international operations, specifically in India. The bombshell came in the f ...

Rario, a Polygon-based platform issuing cricket-related nonfungible tokens (NFTs), has reportedly seen its founders leaving the firm after two years since launch.Founders of Rario, including Rario CEO Ankit Wadhwa and chief technology officer Sunny Bhanot, are being pushed out as investors ...

Under India's G20 presidency, active discussions around establishing a global framework for cryptocurrencies are underway, India’s minister of finance Nirmala Sitharaman has said. On Aug. 28, Indian Prime Minister Narendra Modi pushed for global collaboration on formulating crypto reg ...

The National Payments Corporation Of India (NPCI), an initiative led by the Reserve Bank of India (RBI) and 247 Indian banking companies, is on the look out for a seasoned blockchain technologist to head and investigate opportunities for blockchain in current-day payment systems.NPCI owns ...

The Reserve Bank of India (RBI) central bank digital currency (CBDC), the digital rupee, will have enhanced usability, Yes Bank announced Aug. 30. This was thanks to Yes Bank’s integration of the Unified Payments Interface (UPI) with the RBI digital rupee app. Now Yes Bank account holders w ...

reportThe cryptocurrency exchange OKX plans to enter the Indian market and recruit local employees in an effort to expand its possibilities of Web3 applications, according to a CoinDesk report. OKX’s CMO, Haider Rafique, said it plans to scale up its wallet services “exponentially” vi ...

CoinSwitch crypto exchange is the latest crypto trading platform in India that cut its workforce amid the prolonged cryptocurrency winter, the local news agency Moneycontrol reported on Aug. 28.The Indian crypto exchange has reportedly laid off 44 employees from its customer support divisi ...

Macroeconomist Lyn Alden has cast doubt on a proposal that would see five countries work together to develop a common BRICS currency — arguing it will likely struggle to get off the ground and fail to dethrone the United States dollar. In an interview with Cointelegraph just days before the BRICS ...

The lower house of India’s parliament voted in approval of a bill that would ease data compliance regulations for Big Tech companies on Aug. 7, according to a report from Bloomberg. The Digital Personal Data Protection Bill 2023 would ease storage, processing and transfer standards fo ...

The Indian Supreme Court on July 27 reprimanded the Union government for the lack of crypto regulations in the country, according to a report in a local media outlet. The Supreme Court in its observation noted that it is “unfortunate” that the government has yet to release any clear g ...

The Aptos blockchain has seen a surge of activity following its integration with Chingari, an Indian social media platform previously powered by Solana. According to on-chain data, the number of new users jumped 900% over the previous month, up to nearly 90,000 onboarding on-chain daily.  ...

Stablecoins have a lot of potential to harm emerging markets and developing economies, the Reserve Bank of India (RBI) claimed in its latest Financial Stability Report, released June 28. The report listed six threats that stablecoins present.The RBI has been a steadfast critic of cryptocur ...

Ethereum co-founder Vitalik Buterin is working with India-based crypto fund Crypto Relief and Polygon co-founder Sandeep Nailwal to send $100 million toward COVID-19 research and medical infrastructure development in India. Buterin and Nailwal will receive $90 million in USD Coin (USDC) fr ...

India's federal cyberattack technology arm, CERT-In, has warned of the Royal ransomware encryption program. Hackers attack critical facilities, demanding ransom in bitcoins. Ransomware attack telecom and manufacturing companies, healthcare organizations and educational in ...

Gemini, a leading cryptocurrency exchange, has announced the launch of a new derivatives trading platform, which will be accessible to users across several countries worldwide. The platform's first product will be a perpetual contract for BTC paired with the Gemini stablecoin (GUSD). Later on, th ...

Gemini, the popular cryptocurrency exchange, has announced that it will be expanding its operations in the Asia-Pacific region by opening a new office in India. The exchange's co-founders, Cameron and Tyler Winklevoss, have appointed Gemini's CTO, Pravjit Tiwana, as the chief executive of the Ind ...

India's Finance Minister has urged the G20 states to establish uniform standards for regulating cryptocurrencies worldwide. Nirmala Sithamaran asserts that the collapse of cryptocurrency companies, which has adversely affected investors across the globe, could not have been avoided through scatte ...

According to Jeffrey Sachs, a renowned economics professor and the director of the Columbia University Center for Sustainability, state-backed digital currencies will eventually replace the US dollar in the payment sphere. Sachs emphasized that up to 60% of foreign trade settlements are presently ...

The Indian government has recently introduced a new foreign trade policy guideline that allows the use of the digital rupee for international transactions. According to India's Commerce Minister, Sunil Barthwal, the new policy will make cross-border payments much more accessible for countries who ...

India's cryptocurrency trading scene has taken a hit due to the high tax rates, making it difficult for traders to turn a profit. The presence of crypto exchanges and trading operations seems to be of little use, as India's tax authorities have collected a significant sum of $19 million from cryp ...

The UAE Central Bank has announced a strategic partnership with G42 Cloud and R3 to facilitate the implementation of their CBDC (Central Bank Digital Currency) strategy. The CBUAE (Central Bank of the United Arab Emirates) representative has confirmed the successful completion of preliminary test ...

WazirX, an acclaimed cryptocurrency exchange operating in India, recently released a report stating that a total of 2,431 accounts were blocked on their platform between October 2022 and March 2023 for breaching platform policies and regulations. Over this period, the exchange was also contacted ...