TL;DR Breakdown • Since 2018, the RBI has tried to ban Bitcoin in India.• Bitcoins in India are an alternative trading source. India has been on and off regarding Bitcoin and decentralized currencies in general. The government has issued warnings against crypto investments. Based on this many people wonder if their commercialization is legal. History […]
The rise of Ripple in the global remittance market is putting excessive competitive pressure on the Indian banks. A report by consultancy firm Ernst & Young states that blockchain-based Ripple payments, particularly in the remittance and cross-border sector, can increase the competition for Indian banks. The report has been prepared for the Competition Commission of […]
TL:DR Breakdown:  The WRX value hype can be traced to the update that WarizX is set to launch an  NFT platform. Data from CoinGecko indicates that WRX value has reached $5.90, which is a new all-time high. Following the news of an NFT (non-fungible token) platform launch, WRX value has experienced a high increase. WRX, […]
TL;DR Breakdown: Indian exchange, WazirX has launched an NFT marketplace. The platform is designed to enable Indian artists and creators to easily participate in the growing NFT market. The Binance-owned Indian cryptocurrency exchange, WazirX, has joined the list of companies looking to extend the growth of the non-fungible token (NFT) market. A report on Monday […]
TL;DR Breakdown India entrepreneur, Raj Chowdry, says the incoming ban will affect India’s economy. Amid the crisis, India pushes for its central bank-issued currency, the digital Rupee. Indian crypto experts speak out over crypto ban Amid the controversy in India over the looming ban concerning cryptocurrency, Industry experts have spoken up about the collateral damage […]
TL;DR Breakdown Crypto advocate calls for improved regulation in India Nilekani indifferent about CBDC in India Nandan Nilekani, a crypto advocate in India and co-founder of major Indian tech company Infosys, has called on the government to improve crypto regulation in the country. This is as regulatory uncertainties emanate from the Reserve Bank of India, […]
TL;DR Breakdown India crypto adoption surge by 30 percent Crypto future in India uncertain Crypto sporadic upsurge in 2021 has seen Bitcoin price surge by over 400 percent this year. This has played hugely in India crypto adoption rise, which has moved up by 30 percent since March 2020 till now. Bitcoin (BTC), Ripple (XRP), […]
TL;DR Breakdown: Indian first crypto exchange, Unocoin, has announced support for blockchain domains with Unstoppable Domain. This will help Indians to send and receive cryptocurrencies easily while also reducing the cost of remittance.  Cryptocurrency exchanges in Indian are readily working to make the crypto experience in the country better, despite the regulatory uncertainties. In a […]
TL;DR Breakdown: RBI conveys major concerns about cryptocurrency to the Indian government. The bank is readily looking to launch a central bank digital currency while they prohibit private cryptocurrencies. The Indian government is yet to conclude on the fate of cryptocurrencies in the country. In recent days, several authorities in the country issued warnings concerning […]
TL;DR Breakdown: IAMAN says an Indian CBDC shouldn’t result in the ban of private cryptocurrencies. They can co-exist as they are meant to serve different purposes. Recent reports confirmed that the government of Indian is looking to launch its central bank digital currency (CBDC), which was seen as a welcome development by many crypto enthusiasts […]