India

10 Countries Actively Regulating Cryptocurrency Despite Global Crisis

</header> <strong>Despite the coronavirus pandemic and the resulting financial crisis, at least 10 countries have made announcements regarding cryptocurrency regulation since our last regulatory roundup. </strong><strong>They include Japan, Malaysia, Singapore, China, Spain, Germany, India, the Philippines, the U.S., and South Korea.</strong> Also read: IMF Declares Global Recession, 80 Countries Request Help, Trillions of Dollars Needed …

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Mobikwik to Offer 100 Million Indian Users Direct Cryptocurrency Trading Via Buyucoin Integration

</header> <strong>Mobile payment platform Mobikwik, which has about 107 million users in India, has partnered with Delhi-based cryptocurrency exchange Buyucoin. News.Bitcoin.com talked to the CEO of the crypto exchange to find out how Mobilkwik users can soon buy and sell cryptocurrencies within the Mobikwik app.</strong> Also read: 2x Bitcoin — Wanna Double Your BTC to …

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Indian State Ministry Discusses Cryptocurrency Plans With Founders of Crypto Bulls Roadshow

</header> <strong>An Indian state official recently met with the founders of the “India Crypto Bulls” initiative and discussed cryptocurrency development, investment, and innovation in India. News.Bitcoin.com talked to Kumar Gaurav, one of the founders, to find out more about the meeting.</strong> Also read: 2x Bitcoin — Wanna Double Your BTC to the Moon? Forget About …

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India Crypto Renaissance: Industry Sees Rebirth as RBI Crypto Ban Lifts

Among industry participants and investors, India is emerging as a market to watch for following the overturn of a crypto ban that was placed by the Reserve Bank of India back in April 2018. The prominent investors looking to get a piece of India’s nascent crypto space include Tim Draper, a billionaire investor who obtained …

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Regulatory Roundup: Crypto Regulations Advance Despite Global Crisis, Cash Shortages, Bank Closures

</header> <strong>In this roundup, we cover crypto regulatory developments amid the global crisis effected by the coronavirus outbreak, bank closures, interest rate cuts, and plunging stock markets. Through it all, governments worldwide are still focusing on cryptocurrency regulation, including the U.S., South Korea, India, and Russia.</strong> Also read: Bitcoin Legal in India — Exchanges Resume …

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Indian Crypto Exchange CoinDCX Raises $3 Million in Series A Round

A recent funding round has just added quite a bit to an Indian crypto exchange’s coffers. Mumbai-based exchange CoinCDX announced on March 24 it had received $3 million in new funding. The Series A round was led by Bain Capital Ventures, Polychain, and HDR Group.  CEO and Co-founder of CoinDCX, Sumit Gupta, said that the …

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Indian Government Engages RBI to Discuss Cryptocurrency Regulation

</header> <strong>The government of India is reportedly discussing a regulatory framework for cryptocurrencies with the central bank, the Reserve Bank of India (RBI), and the Securities and Exchange Board of India (SEBI). Furthermore, the government is awaiting the outcome of another cryptocurrency case at the supreme court to </strong><strong>make its final decision on crypto regulation.</strong> …

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Binance Launches $50M ‘Blockchain for India’ Fund

Binance and its local subsidiary have set up a new fund to reinvigorate growth in blockchain startups in India following a Supreme Court decision to allow banks to service crypto firms. Binance and India-based bitcoin exchange WazirX – which Binance acquired last November – announced Tuesday their new “Blockchain for India” fund would incubate and …

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Bitcoin Price Correlates With Traditional Assets, but Not Entirely

Since coming to power back in 2016, President Trump seemed to have reinvigorated the United States stock market after it showed signs of slowing down throughout the first half of the previous decade. Just three weeks ago, the American market witnessed a combined gain of 58% compared with the last three or so years. However, …

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Kraken Exchange Pledges India Expansion as Nation Reopens for Crypto Business

Digital assets spot and derivatives exchange Kraken has made a pledge to rebuild services in India, after the country’s supreme court overturned a two-year banking ban for cryptocurrency firms a week ago. In a somewhat vague blog post Monday, the San Francisco-based exchange recommitted to the potentially massive market, which has seen its crypto industry …

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