Crypto Investors Panic As India Plans To Bar Private Cryptocurrencies
3 years, 1 month ago

Crypto Investors Panic As India Plans To Bar Private Cryptocurrencies

ABP News  

Mumbai: The crypto exchanges in India have requested the investors not to get into panic selling after investors started selling cryptocurrencies, leading some of the leading exchanges to crash. Crypto markets crashed following news of the central government introducing a Bill in Parliament to prohibit all private cryptocurrencies, barring a few, to “promote the underlying technology of cryptocurrency and its uses”. It was primarily driven by the news of the crypto Bill being introduced in the winter session of Parliament.” ALSO ON ABP LIVE | Most Existing Cryptocurrencies Won’t Survive, Says Former RBI Governor Raghuram Rajan The Bill’s description is the same as in January 2021 which induced immense fear in investors’ minds. “Due to increasing demand, the Indian crypto market has been trading at a slight premium of 5 per cent – 8 per cent above the global markets. This panic selling event led the Indian market to correct and trade at a discount of almost 15 per cent – 20 per cent compared to the global markets for a brief period.

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History of this topic

India's crypto industry expects Bitcoin surge to boost domestic business
1 month, 1 week ago

India's crypto industry expects Bitcoin surge to boost domestic business

Live Mint  

New Delhi: India’s battered cryptocurrency industry, which has seen retail trading volumes decline by over 90% in the past three years, is cautiously optimistic about the industry’s latest surge. “The exchange-traded funds in the US have further rationalized cryptocurrency investments around the world, and the US’s pro-cryptocurrency stance could boost a more favourable policy approach around the world including in …

Two to tango: The return of Bitcoins & Trump
1 month, 1 week ago

Two to tango: The return of Bitcoins & Trump

Live Mint  

As Donald Trump prepares to take charge as president, the talk of the town once again is cryptocurrencies, with analysts saying Bitcoin prices may cross $100,000 soon. Donald Trump’s victory is propelling Bitcoin to new highs almost every day, with the cryptocurrency breaching the $81,000 mark for the first time on Monday. Electric car maker Tesla, the fourth largest holder …

India’s Biggest Crypto Hack of 2000 Crores: What WazirX Hack Teaches Us
3 months, 1 week ago

India’s Biggest Crypto Hack of 2000 Crores: What WazirX Hack Teaches Us

ABP News  

Over 50 days have passed since the biggest crypto cyber hack of India- the WazirX hack- that resulted in the theft of Rs 2000 crores worth of cryptocurrencies from the exchange. What has transpired since the July 18 hack of WazirX exchange depicts a classic tale of denial and obfuscation by the exchange management, apathy of the Indian government towards …

Mudrex crypto exchange obtains court order against scam websites misusing its name
3 months, 3 weeks ago

Mudrex crypto exchange obtains court order against scam websites misusing its name

The Hindu  

The Indian cryptocurrency exchange Mudrex obtained a court order that will direct the Indian government to take down a number of scam websites misusing its name and brand, per its CEO and a report by crypto outlet CoinDesk. The scammers allegedly impersonated real Mudrex employees, lured victims through Telegram by promising them rewards or work, and ran fake investment websites …

WazirX CEO Nischal Shetty shares move to restore account balances and undo all platform trades post-withdrawal halt
4 months, 2 weeks ago

WazirX CEO Nischal Shetty shares move to restore account balances and undo all platform trades post-withdrawal halt

The Hindu  

Indian crypto exchange WazirX announced that all user balances would be restored to what they were on July 18, 1 PM IST, prior to a cyberattack against one of the company’s multi-signature wallets that led to the loss of over $230 million in assets at the time. “After careful consideration of the situation and the feedback received from numerous users, …

WazirX crypto hack | As CEO Nischal Shetty confirms FIR, rival exchange CoinDCX announces ₹50 crore investor protection fund
4 months, 2 weeks ago

WazirX crypto hack | As CEO Nischal Shetty confirms FIR, rival exchange CoinDCX announces ₹50 crore investor protection fund

The Hindu  

As WazirX cryptocurrency exchange users anxiously wait for updates regarding the more than $230 million in assets stolen from a breached multi-signature wallet, rival crypto exchange CoinDCX announced a ₹50 crore Crypto Investors Protection Fund. The company’s CEO Nischal Shetty repeatedly asked users to be patient as the incident was being investigated, and confirmed this week that an FIR had …

WazirX crypto exchange hack: how much of the assets was lost, CEO Nischal Shetty’s announcement, and what happens next
4 months, 3 weeks ago

WazirX crypto exchange hack: how much of the assets was lost, CEO Nischal Shetty’s announcement, and what happens next

The Hindu  

Indian crypto exchange WazirX said approximately 45% of its crypto assets was affected by a cyber attack on July 18 that led to the loss of more than $230 million from one of its wallets. “As of June 10, 2024, at 6:30 PM, WazirX’s total holdings stood at an impressive ₹4,203.88 Crores, marking a staggering 79% surge compared to the …

WazirX crypto exchange halts deposits and withdrawals after $230 million hack; reported incident to Indian regulators
5 months ago

WazirX crypto exchange halts deposits and withdrawals after $230 million hack; reported incident to Indian regulators

The Hindu  

Indian cryptocurrency exchange WazirX said that it had reached out to the Indian police, the Financial Intelligence Unit India, CERT-In, and over 500 other exchanges in order to respond to a hack of its wallet that led to the theft of more than $230 million. “On July 18, 2024, WazirX experienced a cyber attack on one of our multisig wallets, …

Indian crypto exchange WazirX hit by security breach leading to user fund loss and $230 million in withdrawals
5 months ago

Indian crypto exchange WazirX hit by security breach leading to user fund loss and $230 million in withdrawals

India Today  

Indian cryptocurrency exchange WazirX has faced a massive security breach. The crypto exchange has confirmed that the breach led to loss of user funds and $230 million in withdrawals. WazirX has shared the affected wallet address: 0x27fD43BABfbe83a81d14665b1a6fB8030A60C9b4 Screenshot: X/@lookonchain “The cyber attack stemmed from a discrepancy between the data displayed on Liminal's interface and the transaction's actual contents. Liminal Custody …

Trading volume on WazirX surges to over $400 mn in March 2024
8 months ago

Trading volume on WazirX surges to over $400 mn in March 2024

New Indian Express  

BENGALURU: Crypto exchange WazirX has witnessed the highest trading volume of over $400 million in March 2024, and in December 2023, it saw the highest sign-up rates. WazirX on Tuesday published its sixth Transparency Report for the period of October 2023 to March 2024, and it said trading volume saw an increase of 217% compared to the previous six months …

India's crypto woes persist despite Bitcoin surge
9 months, 1 week ago

India's crypto woes persist despite Bitcoin surge

Live Mint  

NEW DELHI : Indian cryptocurrency exchanges are only reaping partial benefits from the recent sharp rise in Bitcoin prices. Crypto exchange WazirX’s daily average trading volume recovered to $3.4 million in February from about $780,000 in September, show data from consultancy firm Crebaco Global. On Wednesday, WazirX’s daily crypto trades were at $13.2 million, the first time since May 2022 …

Crypto’s wild ride and should you be on it?
9 months, 2 weeks ago

Crypto’s wild ride and should you be on it?

Hindustan Times  

By now, most news headlines have reported a bull run in cryptocurrencies led by Bitcoin and Ethereum. Bitcoin cryptocurrency When asked for a perspective, Krishna Jha, a Bengaluru-based private investor, said, “The next bull run has started, and prices will go higher than they did earlier.” But Jha says he is unwilling to bet on cryptocurrencies. However, with the government …

Emerging markets cannot afford 'crypto mania', says RBI governer as ETFs begin trading in US
11 months, 1 week ago

Emerging markets cannot afford 'crypto mania', says RBI governer as ETFs begin trading in US

India TV News  

A day after the US Securities and Exchange Commission permitted bitcoin exchange-traded funds to be listed on exchanges, RBI Governor Shaktikanta Das said that his view remains unchanged that cryptocurrencies pose a significant threat to the financial stability of emerging markets. The SEC's approval includes 11 ETFs, opening the door to more widespread investments in the world's largest cryptocurrency without …

Vantage | What the first crypto crash of 2024 is telling you
11 months, 2 weeks ago

Vantage | What the first crypto crash of 2024 is telling you

Firstpost  

Cryptocurrencies tanked on Wednesday. There is an old saying: ‘The greater the risk, the greater the reward.’ These days, nothing quite epitomises this like crypto. The final decision is expected next week, but on Wednesday, a report said that these Bitcoin funds could get delayed by a few months, and that caused the market to crash. But it hasn’t worked …

India leads in grassroots cryptocurrency adoption: Report
1 year, 2 months ago

India leads in grassroots cryptocurrency adoption: Report

The Hindu  

India stands first when it comes to grassroots cryptocurrency adoption, according to blockchain analytics platform Chainalysis’ 2023 Global Crypto Adoption Index released this month. Chainalysis’ report pointed out that India’s crypto adoption rates had soared despite the country’s tax regime and regulatory environment, which it called “’challenging”. “While every exchange operating in the country is required to collect TDS taxes …

Crypto Week Ahead: FTX’s Looming Liquidation Of Crypto Assets Dampens Market Sentiment
1 year, 3 months ago

Crypto Week Ahead: FTX’s Looming Liquidation Of Crypto Assets Dampens Market Sentiment

ABP News  

FTX, the embattled company whose meltdown caused the ongoing crypto winter appears to be in the news once again, as it looks to liquidate its crypto assets worth $3.4 billion. However, the recently concluded G20 Summit in New Delhi offered a positive outlook on crypto regulation as benefits of central bank digital currency in its official leaders’ statement. Check Out …

Rising Stars of India's Crypto Revolution: Top 5 Crypto Projects to Trust in 2023
1 year, 4 months ago

Rising Stars of India's Crypto Revolution: Top 5 Crypto Projects to Trust in 2023

ABP News  

New Delhi, August 21: A revolution is underway in India's crypto landscape, and at its helm is a group of rising stars — projects that are reimagining traditional systems and catalyzing a paradigm shift in the nation's digital transformation. As the Indian counterpart of the world's second-largest derivatives exchange, Bybit India entices high-value traders, cementing its essential role in India's …

Invest, Hold, Safeguard: Tips & Tricks To Maximise Returns On Crypto Assets
1 year, 7 months ago

Invest, Hold, Safeguard: Tips & Tricks To Maximise Returns On Crypto Assets

ABP News  

In the ever-evolving world of finance, the crypto asset class has emerged as a promising investment vehicle. Conduct thorough research Prior to investing in any crypto asset, spend time analysing the project’s fundamentals, scalability, technological innovations, development team, market demand, and competitive landscape. Switch to long-term investing and wealth creation mindset Avoid frequent trades — it doesn’t help from a …

Understanding the current state of crypto assets in India
1 year, 8 months ago

Understanding the current state of crypto assets in India

Live Mint  

It is a sweeping wave for some and a conundrum for others but crypto is the new buzzword in the world of investment finance. On the whole, the government seems to be accepting crypto and the underlying blockchain technology rather than casting them away as ‘risky’ or even ‘banning’ them. Banking is still not a breeze given RBI’s concerns The …

Crypto advertisements and sponsors banned during Women's IPL 2023
1 year, 10 months ago

Crypto advertisements and sponsors banned during Women's IPL 2023

India Today  

Continuing its hard stance against crypto, the Board of Control for Cricket in India has decided to ban all forms of crypto-related According to a report by Planet Sport, BCCI sent a 68-page advisory to the team participating in this edition of the Women's IPL stating which ads and sponsors could not be advertised. BCCI Before the ban was imposed …

Decoding Indian crypto investors’ love for meme coins
1 year, 11 months ago

Decoding Indian crypto investors’ love for meme coins

The Hindu  

Indian crypto exchange WazirX recently published its proof of reserves statement, that shows its customers’ cryptocurrency holdings and their respective storage locations. WazirX’s top crypto holding, according to its PoR posting, was Shiba Inu, a whimsical dog-themed token that was the fifteenth biggest crypto by market cap as of January 17. By proportion, WazirX’s top crypto holdings for its customers …

Indian crypto exchange WazirX publishes proof of reserves
1 year, 11 months ago

Indian crypto exchange WazirX publishes proof of reserves

The Hindu  

Indian crypto exchange WazirX has published its proof of reserves, or data that shows the assets it holds, according to a company press release on Wednesday. The crypto exchange that serves over 15 million customers shared that its total holdings equalled around 284.82 million USDT, via the Coin Gabbar analytics platform. By total value and percentage of holdings, WazirX’s top …

Budget 2023: What Awaits The Crypto Sector? Everything You Need To Know
1 year, 11 months ago

Budget 2023: What Awaits The Crypto Sector? Everything You Need To Know

ABP News  

The 2023 Union Budget is nearly here and the biggest question that’s haunting the mind of crypto enthusiasts is simple — how will the Finance Ministry treat the virtual digital assets sector this time around? While 2022 saw several important milestones for the crypto sector, from the taxation of gains to the introduction of a central bank digital currency, the …

Cryptocurrency Price Today: Dogecoin, Ripple, Litecoin All In Red While Solana Registers Gain
2 years ago

Cryptocurrency Price Today: Dogecoin, Ripple, Litecoin All In Red While Solana Registers Gain

ABP News  

Cryptocurrency still remains a mystical subject for many keen investors in India. While cryptos are slowly gaining recognition from investors and regulators alike, with countries and leading brands adopting it as an official tender, there are still a sizeable number of people who wish to invest in crypto, but aren't able to closely track breaking and developing news in the …

FTX Crash Aftermath: What More Regulation Could Mean For The Future Of Digital Currencies
2 years, 1 month ago

FTX Crash Aftermath: What More Regulation Could Mean For The Future Of Digital Currencies

ABP News  

Coventry: The founder of the world’s largest cryptocurrency exchange, Binance CEO Changpeng Zhao, has called for more regulatory clarity after a week of crypto market chaos and a year in which investors are estimated to have lost US$2 trillion. Decentralised exchanges are non-custodial, so they allow individual investors full access to their crypto wallet balances and they can withdraw or …

Why Is Crypto Market Down? Here’s What Investors Should Keep In Mind Amidst Current Bear Trends
2 years, 1 month ago

Why Is Crypto Market Down? Here’s What Investors Should Keep In Mind Amidst Current Bear Trends

ABP News  

Cryptocurrency prices have been in a freefall over the past couple of days. On November 8, Binance CEO Changpeng Zhao tweeted that FTX asked Binance to help in dealing with a “significant liquidity crunch.” He said, “To protect users, we signed a non-binding LOI, intending to fully acquire FTX and help cover the liquidity crunch.” This afternoon, FTX asked for …

High tax on crypto may kill industry in India: Binance CEO
2 years, 1 month ago

High tax on crypto may kill industry in India: Binance CEO

Live Mint  

NEW DELHI: High taxes on cryptocurrency transactions in the country may “kill the industry” in India, Binance chief executive Changpeng Zhao said on Thursday. Addressing an event on the global fintech industry in Singapore, Zhao said the tax rate will likely be the cause for India’s crypto industry to be stifled. For instance, on WazirX, India’s largest crypto exchange by …

Cryptocurrency trading, user signups spike in India on stable Bitcoin
2 years, 2 months ago

Cryptocurrency trading, user signups spike in India on stable Bitcoin

Live Mint  

Crypto trading volume as well as user signups have witnessed a jump of up to 45% in recent weeks because of stability in bitcoin price and a weak rupee. Bitcoin prices have consolidated in an increasingly narrow range while global equity and bond markets continued to tread challenging ground with growing stress developing in sovereign debt and currency markets this …

Crypto trading, user signups see jump in India on stable bitcoin
2 years, 2 months ago

Crypto trading, user signups see jump in India on stable bitcoin

Live Mint  

Indian crypto activity has seen a spike in recent weeks with trading volume and user signups witnessing a jump of up to 45% thanks to stable bitcoin price and weakness in the rupee. BuyUcoin has seen a spike of 40-45% in BTC-INR trading pair and a 30% jump in new user signups in the second quarter of the financial year …

Future Of Crypto: What India's Digital Coin Market May Look Like In 2047
2 years, 2 months ago

Future Of Crypto: What India's Digital Coin Market May Look Like In 2047

ABP News  

The cryptocurrency industry has grown from a small pool of developers to a community generating a trillion-dollar economy lately. Cryptocurrencies have now slowly started to emerge as a new investment class in India, as today's youth are also looking at crypto as a means to achieve financial freedom. Here is how the Indian crypto market is expected to shape up …

Weekly Crypto Roundup: Indian search parties, stolen NFTs, and courtroom battles
2 years, 3 months ago

Weekly Crypto Roundup: Indian search parties, stolen NFTs, and courtroom battles

The Hindu  

Project founders and executives experienced greater turbulence than crypto traders. According to some reports, an Indian crypto exchange CoinSwitch Kuber, which was valued for around $1.9 billion last year, was searched by the Enforcement Directorate, as the exchange allegedly violated forex laws by acquiring shares to the tune of over ₹ 20 billion. The company’s newly released 2022 NFT report …

Indian government sources say WazirX Binance issue reveals the dark side of cryptocurrency
2 years, 4 months ago

Indian government sources say WazirX Binance issue reveals the dark side of cryptocurrency

The Hindu  

The ED probe into alleged money laundering by crypto exchange WazirX and the subsequent squabbling among its promoters has revealed the 'darker side' of cryptocurrencies, a top government source said on Thursday. The agency has frozen Rs 64.67 crore worth bank deposits as part of an ongoing money laundering probe against some fraud smartphone-based loan apps "backed" by Chinese funds. …

WazirX-ED Money Laundering Probe Reveals Darker Side Of Crypto In India: Govt Sources
2 years, 4 months ago

WazirX-ED Money Laundering Probe Reveals Darker Side Of Crypto In India: Govt Sources

ABP News  

New Delhi: The ED probe into alleged money laundering by crypto exchange WazirX and the subsequent squabbling among its promoters has revealed the 'darker side' of cryptocurrencies, a top government source said on Thursday. In the episode of WazirX, people got to know many darker sides, caution is necessary in crypto transaction," the source said. The agency has frozen Rs …

Understanding cryptocurrencies
2 years, 5 months ago

Understanding cryptocurrencies

Hindustan Times  

There is a need for a broader international collaboration before cryptocurrency regulations can be drawn up in India, finance minister Nirmala Sitharaman told Parliament this week. In May, an entire currency — known as the Terra/Luna stablecoin pair — and a crypto-based lending platform known as Celsius crashed, wiping out tens of millions of dollars of wealth. Searching with just …

Crypto Tax Rule Makes Indian Investors Lose Interest as Trading Activity Falls: Survey
2 years, 5 months ago

Crypto Tax Rule Makes Indian Investors Lose Interest as Trading Activity Falls: Survey

News 18  

Crypto trading is experiencing a decline in its frequency due to the cryptocurrency tax regimes devised by the government of India for the digital assets, revealed a survey. Twenty-nine per cent of the total respondents said that their trading activity has decreased since the government introduced the new tax implementation system on cryptocurrency. The survey also suggested that going with …

Cryptos Are 'Clear Danger'; Value Is Based On Make-Believe, Says RBI Governor Das
2 years, 5 months ago

Cryptos Are 'Clear Danger'; Value Is Based On Make-Believe, Says RBI Governor Das

News 18  

Reserve Bank of India Governor Shaktikanta Das has said cryptocurrencies are a “clear danger” and anything that derives value based on make-believe, without any underlying, is just speculation under a sophisticated name. As the financial system gets increasingly digitalised, cyber risks are growing and need special attention,” Das said in the RBI’s ‘Financial Stability Report, June 2022’. “Technological advances powered …

Cryptocurrencies clear danger, says RBI Governor
2 years, 5 months ago

Cryptocurrencies clear danger, says RBI Governor

The Hindu  

The government is in the process of finalising a consultation paper on cryptocurrencies after gathering inputs from various stakeholders and institutions. In the foreword to the 25th issue of the Financial Stability Report released on Thursday, Das also said that as the financial system gets increasingly digitalised, cyber risks are growing and need special attention. In the foreword of the …

Crypto Crash: Indian Investors Wary As Mega Sell-Off Continues
2 years, 6 months ago

Crypto Crash: Indian Investors Wary As Mega Sell-Off Continues

ABP News  

New Delhi: As foreign portfolio investors continue to pull out money from the Indian equity market, the sell-off in the crypto market and the digital asset space has also accelerated in the wake of global economic meltdown. More than $200 billion were wiped off the entire cryptocurrency market this week and the globally crypto market capitalisation fell below $1 trillion …

Crypto markets down nearly 70% from peaks: Will the carnage continue?
2 years, 6 months ago

Crypto markets down nearly 70% from peaks: Will the carnage continue?

Business Standard  

The meltdown across global equity markets is casting a spillover effect on the crypto markets as well.With the global central bankers turning hawkish to abate inflationary pressures, lack of liquidity is resulting in fund vacuum in the crypto sphere too. Reduced risk appetite, coupled with strengthening dollar, has also made investors exit crypto funds with outflows surging over $100 million …

Weekly Crypto Roundup: firings, freezing, and falls
2 years, 6 months ago

Weekly Crypto Roundup: firings, freezing, and falls

The Hindu  

Crypto is chaotic on its best days, but this week saw a global descent into panic as crisis after crisis hit those invested in the sector. Coinbase CEO Brian Armstrong admitted that the company had hired too many people as Bitcoin’s price rose to an all-time high to over $67,000 in 2021. But with prices falling since then, Armstrong said …

Bubble in the air: The Hindu Editorial on the need for regulating cryptocurrencies
2 years, 6 months ago

Bubble in the air: The Hindu Editorial on the need for regulating cryptocurrencies

The Hindu  

The crash in the price of cryptocurrencies is a timely reminder to retail investors to stay far away from this highly speculative asset class. Since the supply of a lot of cryptocurrencies is limited by design, investing in them seemed like a good way to protect one’s wealth from inflation fuelled by central banks. There is little reason to believe …

The reasons behind the crashing crypto market
2 years, 6 months ago

The reasons behind the crashing crypto market

The Hindu  

The story so far: Bitcoin and many other cryptocurrencies have been crashing since they hit an all-time high late last year. Some sceptics have also argued that even though private cryptocurrencies can rise to the status of alternatives to fiat currencies over time, governments and central banks may not allow this to happen. If cryptocurrencies became widely acceptable, it would …

Crash of the Crypto: Why are cryptocurrency investors fleeing?
2 years, 6 months ago

Crash of the Crypto: Why are cryptocurrency investors fleeing?

India Today  

The digital assets industry is under strain. Bitcoin and other cryptocurrencies tumbled after the $12 billion lender Celsius Network halted customer withdrawals Layoffs in cryptocurrency companies like Coinbase, Gemini, and BlockFi after weeks of plummeting coin prices Crypto investors fear the Federal Reserve tightening money will suck out liquidity from the market, which will increase downtrend volatility Why it matters …

EXPLAINED | Cryptocurrency: What Is It? How Does It Work?
2 years, 6 months ago

EXPLAINED | Cryptocurrency: What Is It? How Does It Work?

ABP News  

Cryptocurrency still remains a mystical subject for many keen investors in India. ALSO ON ABP LIVE: Uncertainties On Crypto Regulation In India Must Be Resolved: CoinSwitch Kuber CEO Cryptocurrencies are essentially borderless. ALSO ON ABP LIVE: Bitcoin Price May Still Take 6-8 Months To Hit Its Lowest, Crypto Analyst Predicts Based on Historical Data There are two kinds of crypto …

Crypto revolution is here to stay. What about India’s regulatory stance
2 years, 11 months ago

Crypto revolution is here to stay. What about India’s regulatory stance

Live Mint  

Cryptocurrencies have caught attention as an asset class in the last few years and have gone mainstream on the back of their sharp rally despite famed for their volatility and uncertainties around regulations in many countries including India. India became the second-highest nation in terms of crypto adoption, and given the current purview, experts believe that 2022 might arguably see …

CryptoWire Releases India's First Cryptocurrency Index to Help Users 'Learn Before Earn'
2 years, 11 months ago

CryptoWire Releases India's First Cryptocurrency Index to Help Users 'Learn Before Earn'

News 18  

CryptoWire, a crypto super app on Monday announced the launch of India’s first index of cryptocurrencies, IC15 with a view to empowering knowledge on blockchain ecosystem. The index tracks and measures the performance of the top 15 widely traded liquid cryptocurrencies listed on leading crypto exchanges of the world, CryptoWire said in a statement. Launching IC15, CryptoWire Managing Director Jigish …

Expect in 2022: Regulations on cryptocurrencies in India coming but no outright ban
2 years, 11 months ago

Expect in 2022: Regulations on cryptocurrencies in India coming but no outright ban

India Today  

2021 was the biggest year for cryptocurrencies. Bitcoin was already popular, but the past 12 months have seen greater adoption of other crypto coins like Ethereum, Cardona, Dogecoin and even distant spin-offs like Shiba Inu. The past year saw El Salvador accept Bitcoin as legal tender, a lot of companies started accepting payments in cryptocurrencies, major celebrities bought NFTs and …

Private cryptocurrencies pose immediate risks to customer protection, prone to frauds: RBI
2 years, 11 months ago

Private cryptocurrencies pose immediate risks to customer protection, prone to frauds: RBI

The Hindu  

Private cryptocurrencies pose immediate risks to customer protection and are prone to frauds and extreme price volatility, given their highly speculative nature, the Reserve Bank of India said in its financial stability report released on Wednesday. The latest report noted that the proliferation of private cryptocurrencies across the globe has sensitised regulators and governments to the associated risks. "Private cryptocurrencies …

The crypto phenomenon
3 years ago

The crypto phenomenon

The Hindu  

A bulletin that announces issues to be discussed in the winter session of Parliament, which began in early December, had on its list the proposed cryptocurrency Bill. Following interviews with people knowledgeable on the subject, Frontline found that the collective opinion is that India should not lose out on this opportunity which, a crypto investor says, “is India’s Crypto moment”. …

Govt may not ban cryptocurrencies, regulation likely: Reports
3 years ago

Govt may not ban cryptocurrencies, regulation likely: Reports

India Today  

Cryptocurrencies may not be completely banned in India and the government may create a framework to regulate highly risky virtual assets, as per multiple reports. The development comes at a crucial time as the government’s upcoming cryptocurrency bill has spooked investors and other stakeholders. Read | Cryptocurrency Bill: Raining on India's crypto parade A few days ago, Finance Minister Nirmala …

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