Category: India




Netflix Announces Documentary About Quadrigacx’s Downfall


netflixNetflix, the world’s largest video streaming company, has announced it is working on a documentary that deals with the aftermath of the Quadrigacx saga. According to brief descriptions, the documentary titled; “Trust No One: The Hunt for the Crypto King,” deals with how the users affected by the death of Quadrigacx’s CEO Gerry Cotten try […]



Cryptocurrency Is Picking up Steam in Small Cities in India: Report


indiaCryptocurrency usage and trading are experiencing a boom in India, and most of this growth is coming from small cities. According to reports from local exchanges, the growth has been exponential. The profile of these new participants has also been interesting, as they are highly educated, not only focused just on bitcoin, and are open […]


State Bank of India Blocks Payments to Cryptocurrency Exchanges on UPI Platform


State Bank of India SBI Blocks Funds to Crypto Exchanges on UPI PlatformState Bank of India (SBI) has reportedly blocked payments to cryptocurrency exchanges using its Unified Payments Interface (UPI). Payment processors have been told to disable the bank’s UPI for crypto merchants. Payment Processors Instructed to Disable SBI UPI for Crypto Firms State Bank of India, the country’s largest bank, has reportedly “blocked the receipt of […]





India’s Central Bank RBI Still Has ‘Serious Concerns’ About Cryptocurrency


India's Central Bank RBI Still Has 'Serious Concerns' About CryptocurrencyThe governor of the Reserve Bank of India (RBI), Shaktikanta Das, has once again expressed concerns regarding the impact of cryptocurrencies on India’s financial stability. Crypto Presents ‘Serious Concerns’ to RBI The Indian government is currently awaiting the Cabinet to take up the crypto bill. However, the country’s central bank, the Reserve Bank of India […]



India’s Cryptocurrency Legislation Will Be ‘Distinct and Unique,’ Says Lawmaker


Indian Cryptocurrency Legislation Will Be 'Distinct and Unique,' Says LawmakerThe chairman of India’s Parliamentary Standing Committee on Finance explains that cryptocurrency legislation in India will be “distinct and unique.” He added, “We have to balance stability and growth but we recognize how important this whole area of crypto is.” Lawmaker Provides an Update on Crypto Legislation Jayant Sinha, a lawmaker of the ruling Bharatiya […]





India Has New Plan to Regulate Cryptocurrencies: Report


India Has New Plan to Regulate Cryptocurrencies: ReportIndia is reportedly working on a new way to regulate cryptocurrencies. “The government is planning to define cryptocurrencies in the new draft bill that also proposes to compartmentalise virtual currencies on the basis of their use cases,” according to a report. How India Will Regulate Cryptocurrencies India is reportedly planning to regulate cryptocurrencies as commodities […]




Mi Store Portugal Reveals Crypto Acceptance, Xiaomi Says ‘Decision Was Made Without Knowledge or Approval’


Mi Store Portugal Reveals Crypto Acceptance, Xiaomi Says 'Decision Was Made Without Knowledge or Approval'On August 5, the Mi Store in Portugal announced that it was accepting cryptocurrencies including bitcoin, ethereum, tether, and dash. At the time, the Mi Store Portugal said it was working with the blockchain payments company Utrust in order to be more “inclusive.” However, the Mi Store parent company Xiaomi Corporation, which stems from China, […]



Finder’s Poll Shows Vietnam Holds the Highest Percentage of Crypto Ownership Worldwide


Finder's Poll Shows Vietnam Holds the Highest Percentage of Crypto Ownership WorldwideOn Friday, the product comparison website Finder published the company’s August Cryptocurrency Ownership Report, which surveyed 42,040 citizens across 27 countries. The report ranks countries by digital currency adoption and it shows regions like Vietnam, Indonesia and India have the highest number of people who reported owning cryptocurrency. In Terms of Crypto Ownership Vietnam, Indonesia, […]




Indian Government Clarifies Status of Cryptocurrency Trading, Regulation, Investor Protection


Indian Government Clarifies Status of Cryptocurrency Trading, Regulation, Investor ProtectionIndia’s Ministry of Finance has answered some questions regarding the status of cryptocurrency trading in the country as well as crypto regulation and investor protection. The minister of state for the finance ministry has indicated that the recommendations in the draft bill proposed by the interministerial committee are still being considered. Indian Government Answers Crypto […]