India | ForkLog

ForkLog 8 03.12.2021

Co-founder of India’s ‘Amazon’ to launch blockchain fund in India

Associated with Flipkart co-founder Sachin Bansal, Navi Group, the financial company, has filed an application with SEBI to register Navi Blockchain Index Fund of Fund. The vehicle will invest in foreign ETFs and/or index funds based on the Indxx Blockchain Index.

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ForkLog 13 03.12.2021

Media: India to regulate cryptocurrencies rather than ban them

Indians will be required to disclose information about their digital assets and transfer them to SEBI-regulated Bitcoin exchanges. The details are contained in a memo accompanying the government’s cryptocurrency bill under consideration, NDTV reports.

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ForkLog 4 29.11.2021

India says there are no plans to recognise Bitcoin as currency

The Indian government does not plan to recognise Bitcoin as a currency and is not collecting data on transactions involving the asset. This was stated by Finance Minister Nirmala Sitharaman during the opening of the winter session of Parliament.

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ForkLog 10 29.11.2021

CoinDCX, India’s bitcoin exchange, plans IPO

Indian cryptocurrency exchange CoinDCX will go public via an IPO after regulatory clarity emerges, according to co-founder Niraj Handelwal, Bloomberg reports.

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ForkLog 7 24.11.2021

Bitcoin in India trades about 15% below global levels

On November 24, the prices of major cryptocurrencies on platforms in India traded below global levels. Local traders reacted to media reports that a draft bill regulating digital assets would be prepared by February 2022.

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ForkLog 9 23.11.2021

India to Introduce Bill to Ban Most Private Cryptocurrencies

The Indian government will introduce a bill to regulate the digital assets market during the Winter Session of Parliament. According to the preliminary agenda, authorities plan to ban the majority of 'private cryptocurrencies'.

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ForkLog 11 18.11.2021

RBI Clarifies Timelines for CBDC Pilot Launch

RBI may pilot the central bank digital currency in the first quarter of fiscal year 2022, according to a senior RBI official. This was reported by Business Standard.

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ForkLog 20 17.11.2021

Media: Indian cryptocurrencies to be regulated as assets

The Government of India will ban the use of cryptocurrencies for payments, but will allow trading and holding them as assets, like shares, gold or bonds. The Economic Times reports, citing sources familiar with the matter.

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ForkLog 13 12.11.2021

RBI flags ‘serious concerns’ about cryptocurrencies

Cryptocurrencies raise concerns for the Reserve Bank of India in the context of macroeconomics and financial stability. This was stated by regulator chief Shaktikanta Das.

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ForkLog 10 28.10.2021

Media: India to present cryptocurrency regulation bill in February

India will move away from a total ban on cryptocurrencies in favour of regulating them as exchange-traded commodities. By February 2022, the government will present the relevant bill.

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ForkLog 13 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 8 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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