India

Report: Asia’s Cryptocurrency Landscape the Most Active, Most Populous Region ‘Has an Outsize Role’

<div class=”featured_image_container”> </div> <strong>Recently, Messari Crypto Researcher, Mira Christanto published a report that looks into Asia’s cryptocurrency landscape in-depth, as 60% of the world’s population resides in the region. Christanto’s study shows that six out of the top ten largest cryptocurrency unicorns are located in Asia. Moreover, 98% of ethereum-based futures and 94% of bitcoin …

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India’s largest crypto exchange adopts decentralized Unstoppable Domains

India’s largest cryptocurrency exchange, Unocoin, has adopted the blockchain-based Unstoppable Domains, which simplifies crypto transactions by turning blockchain addresses into human-readable web URLs. Announced on Wednesday, the partnership between Unocoin and Unstoppable Domains — both funded by Silicon Valley investor Tim Draper — is expected to reduce remittance costs and simplify the transaction process for …

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Amazon begins using three-wheeled EVs for deliveries in seven Indian cities

Amazon has started using electric three-wheelers for deliveries in India, a growing market for the online retailer, as part of its push to add more eco-friendly vehicles to its fleet. The company has deployed almost 100 auto rickshaws, made by Indian electric car manufacturer Mahindra Electric, across seven cities including New Delhi, Bengaluru, Hyderabad, Ahmedabad, …

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India securities regulator to reportedly bar IPO promoters from holding crypto

In what seems to be another anti-crypto move by regulators in India, IPO promoters may soon be forced to sell their crypto holdings before being allowed to participate in raising funds. According to a report by the Economic Times, the Securities Board of India may disqualify IPO promoters from raising funds if they hold cryptocurrencies. …

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New Emerging Markets Fund Targets Blockchain, DeFi Startups

Asset management firms Alpha Innovations and Arcanum Capital have launched a $10 million venture capital fund focused on driving blockchain innovation in emerging markets.   The Arcanum Emerging Technologies Fund is to be the first of a series, with an initial close expected in late February, according to a company statement. The fund will provide seed …

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India Grants Crypto Holders Reprieve Ahead of Likely Ban: Report

Policymakers in India will provide a transition period if a proposed ban on cryptocurrency usage is passed as expected. According to a report by Bloomberg on Thursday, a senior Financial Ministry official – speaking under condition of anonymity – told Bloomberg cryptocurrency holders were likely to be given a three-to-six month period to close their …

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Twitter says it won’t block activists, journalists and politicians in India

Twitter has said in a blog post that it won’t block the accounts of politicians, journalists and activists in India, despite being ordered to do so by the Modi government. “We have not taken any action on accounts that consist of news media entities, journalists, activists, and politicians,” Twitter Safety wrote. “To do so, we …

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State of Crypto: India and Nigeria’s Crypto Crackdowns Continue Old Trends

Welcome to State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. I’m your host, Nikhilesh De. Are governments worrying more about the growth of crypto? Two countries already announced crypto-related bans, though this could be an extension of previous efforts at controlling the space – and their own economies – …

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A turn for the worse? India’s crypto plan unsettling to local industry

The Indian Crypto community has been involved in discussions with the government about how it should perceive cryptocurrencies and blockchain technology before finding ways to regulate the industry ever since the government placed a now-defunct blanket ban on banks servicing crypto firms in April 2018.  In the latest update, on Jan. 29, the government revealed …

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India May Side-Step Parliament to Push Through Crypto Bill: Report

The Indian government is reportedly planning to fast-track its proposed cryptocurrency bill using the ordinance process. Similar to an executive order in the U.S., an ordinance law is put into effect by India’s president on the recommendation of the cabinet, and would be equivalent to an act of parliament, according to Wikipedia. The route is …

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