India
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India’s Financial Intelligence Unit moved to block the URLs of nine crypto exchanges
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The crypto exchange database is expected to launch by the end of this fiscal year
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Gemini highlighted India’s reputation as a talent hub for top tech companies as a key factor for establishing its presence in the country
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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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