India | ForkLog

ForkLog 22 25.10.2021

Sino Global Capital launches $200m fund for DeFi- and NFT-infrastructure investments

The Chinese venture firm Sino Global Capital has announced the launch of a $200 million fund. The capital will be used to back startups in the Solana and Ethereum ecosystems, including those linked to DeFi- and NFT-infrastructure, The Block reports.

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ForkLog 13 06.10.2021

Indian crypto exchange CoinSwitch Kuber raises $260 million from a16z and Coinbase Ventures

The Indian cryptocurrency exchange CoinSwitch Kuber has raised $260 million following a Series C round led by Coinbase Ventures and Andreessen Horowitz.

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ForkLog 20 13.09.2021

India plans to tax cryptocurrencies, instead of banning them

In the near term, Indian authorities plan to tax bitcoin exchanges and transactions involving digital assets, instead of banning cryptocurrencies. The Economic Times reports.

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ForkLog 17 07.09.2021

Former RBI deputy governor explains rationale for taxing cryptocurrency transactions

Cryptocurrencies in India should be taxed according to how they are acquired. This was stated by former RBI deputy governor Rama Subramaniam Gandhi, CoinDesk.

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ForkLog 11 27.08.2021

RBI outlines possible timeline for CBDC testing

The Reserve Bank of India (RBI) could launch the first pilot programs for the national digital currency (CBDC) by December. This was stated by RBI Governor Shaktikanta Das in an interview with CNBC.

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ForkLog 19 10.08.2021

Bitcoin exchange CoinDCX becomes India’s first crypto unicorn.

The CoinDCX exchange raised 6.7 billion rupees (about $90 million), becoming India's first unicorn in the cryptocurrency industry.

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ForkLog 12 31.07.2021

India probes Binance’s role in online-betting money-laundering case

India's anti-money-laundering agency is examining Binance Holdings' role in a case involving online-betting apps, Bloomberg reports citing its own sources.

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ForkLog 19 30.07.2021

Malaysia Announces Enforcement Actions Against Binance

Malaysia's Securities Commission (SC) announced enforcement actions against Binance for "illegally operating a digital asset exchange (DAX)".

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ForkLog 10 28.07.2021

Buterin-backed anti-COVID fund faces hurdles converting funds to fiat

The fund, backed by Ethereum founder Vitalik Buterin, for COVID-19 relief in India, has managed to convert only $20 million of the 50 trillion SHIB it received (~$313.5 million at the time of writing). Bloomberg reports.

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ForkLog 17 23.07.2021

RBI signals phased rollout of CBDC

The RBI is working on a phased rollout strategy for the national digital currency (CBDC) and its deployment in wholesale and retail segments, Deputy Governor T. Rabi Sankar (T. Rabi Sankar) told Bloomberg.

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ForkLog 8 14.07.2021

India proposes including disclaimers in cryptocurrency advertising

The Delhi High Court (India) urged standardized disclaimers for cryptocurrency-related advertising on national television, The New Indian Express reports.

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ForkLog 11 14.07.2021

Indian ICICI Bank to curb remittances linked to digital assets

One of India's largest banks, ICICI Bank, has warned customers against remitting funds if they are intended for the purchase of cryptocurrencies or obtained as a result of such operations in the past. Cointelegraph reports.

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