India

There are a total of 29 articles associated with India.

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Though global grassroots adoption is well off its all-time highs, the data shows relative strength in parts of Asia and Oceania, as well as in lower middle income countries

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Coinbase said it will deactivate accounts not meeting new standards, but will allow users to update their information later

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Prime Minister Narendra Modi stressed that the suggested framework should transcend national boundaries and blocs

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The Reserve Bank of India reported that results of both digital rupee pilots have so far been satisfactory and aligned with expectations

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“KYC norms are no longer a best practice but a legal obligation,” one tech lawyer said about India’s latest directive for the crypto industry

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“The onus of deducting TDS has been on crypto exchanges or on the user (if using P2P or other means), but until now there was no penalty for non-deduction,” CoinSwitch’s CEO said

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The central bank of India reckons cryptocurrencies pose a threat to financial stability and it’s pushing a CBDC as one potential fix

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Blockworks joined crypto developers, Web3 venture capitalists and aspiring entrepreneurs caught up in Bengaluru at an event hosted by CoinDCX

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The move highlights discord over behavior of WazirX developer Zanmai Labs, which claims Binance acquired its exchange

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Binance CEO’s comments follow an investigation by India’s financial crimes regulator, accusing WazirX of evading authority oversight

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India’s “first and only sustainable unicorn born out of India” has picked up considerable funding at a time when others firms face layoffs

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Volumes on WazirX, ZebPay, CoinDCX, BitBNS have tumbled between 10% to 70% in the last seven days, data from CoinGecko shows

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Companies are opting to relocate to destinations with friendlier tax codes, including Dubai and Singapore

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CoinSwitch CEO Ashish Singhal told Blockworks prohibitive taxes are likely to unsettle investors

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Investors in India can get exposure to cryptoassets through Grayscale’s investment products on Vested Finance

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A16z-backed Indian crypto exchange launches the first rupee-based crypto benchmark index, which lists eight of the top assets by market cap

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India is expected to release a consultation paper on cryptocurrency regulation with input coming via the World Bank and the IMF

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Blockworks Exclusive: The startup, which runs on the Polygon blockchain, rolled out its own crypto wallet earlier this year

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One tweet prompted Twitter users to click on a dubious link aimed at “holders of Azuki” and other NFTs in a “BEANZ” airdrop

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Some fear India’s crypto tax, which took effect on Thursday, will cause the nascent industry’s companies to relocate offshore

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The deputy governor of India’s central bank said cryptocurrency had no place in his country’s economy and likened them to a Ponzi scheme

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Indians will not be allowed to deduct expenses or allowances when calculating crypto income except the cost of acquiring them

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Research firm estimates that by 2032, Web3 will add $1.1 trillion of economic value to India’s GDP.

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The Indian billionaire chairman and managing director of Reliance Industries, endorsed blockchain technology and DeFi at a recent event as India’s parliament debates a crypto bill.

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Indian broadcaster NDTV obtained a draft of a bill being circulated throughout Cabinet, which suggests the Securities and Exchange Board of India will create an extensive regulatory framework for crypto in the country.

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