192 episodes

Cryptocurrency India Weekly covers the top weekly news from the cryptocurrency space relevant to the Indian audiences.

Cryptocurrency India Weekly Crypto Dost

    • Business
    • 3.0 • 1 Rating

Cryptocurrency India Weekly covers the top weekly news from the cryptocurrency space relevant to the Indian audiences.

    No Legal Challenge Against RBI for now even as the Central Bank Continues Outlash Against Crypto

    No Legal Challenge Against RBI for now even as the Central Bank Continues Outlash Against Crypto

    Here are the top cryptocurrency news headlines from India this week:
    India’s crypto policy body does not plan legal challenge against RBI: https://www.coindesk.com/policy/2022/05/26/after-armstrong-tweet-indias-crypto-policy-body-says-no-contempt-of-court-challenge-vs-rbi/ ;
    New Finder’s report ranks India at number 1 for crypto adoption: https://www.outlookindia.com/business/india-tops-list-of-27-nations-surveyed-for-crypto-ownership-says-report-news-198943 ;
    RBI governor once again lashes out against crypto: https://www.news18.com/news/business/cryptocurrency/cryptocurrency-has-no-underlying-value-our-stance-clear-says-rbi-guv-know-more-5228755.html ;
    RBI proposes a graded approach for its CBDC: https://inc42.com/buzz/rbi-proposes-adopting-a-graded-approach-in-introducing-cbdc/ ;
    Cryptocurrencies a key focus at the World Economic Forum in Davos: https://www.ndtv.com/business/get-your-crypto-house-in-order-world-economic-forums-old-guard-tells-davos-debutantes-3014151 ;
    Binance APAC head calls for a better regulatory framework: https://inc42.com/buzz/binances-apac-head-calls-for-clear-regulatory-framework-in-india-to-attract-crypto-investments/ ;
    "Will Walk Cautiously Until Indian Govt Comes To Its Senses": Tim Draper On Investment Plans In Crypto Space: https://inc42.com/features/will-walk-cautiously-until-indian-govt-comes-to-its-senses-tim-draper-on-investment-plans-in-crypto-space/ ;
    CoinTracker enters India to help with tax compliance: https://inc42.com/buzz/crypto-platform-cointracker-enters-indian-market-to-help-with-tax-compliance/ ;
    Blockchain startup STAN raises $2.5 million: https://www.ndtv.com/business/blockchain-based-startup-stan-raises-2-5-million-3007214 ;
    Gather Network to launch its first commercial establishment in India: https://www.financialexpress.com/digital-currency/blockchain-based-gather-network-to-launch-its-first-commercial-establishment-in-india/2538326 ;
    CoinDCX launches ‘Earn’ feature that pays interest on crypto assets: https://www.livemint.com/companies/start-ups/coindcx-launches-earn-feature-that-pays-interest-on-crypto-assets-11653543660260.html ;
    Major Indian exchanges announce support for the Terra Network Airdrop and Migration plan;
    WazirX listed the Manchester City Fan Token (CITY) in its USDT market;br...

    • 6 min
    International Crypto Platforms May Be Brought Under GST Ambit + RBI Warns that Crypto Could Lead to Dollarisation of Indian Economy

    International Crypto Platforms May Be Brought Under GST Ambit + RBI Warns that Crypto Could Lead to Dollarisation of Indian Economy

    Here are the top cryptocurrency news headlines from India this week;
    International crypto platforms may also be brought under GST ambit: https://www.fortuneindia.com/macro/govt-to-bring-foreign-crypto-platforms-under-gst/108274 ;
    RBI launches new offensive against crypto saying it could lead to dollarisation of Indian economy: https://timesofindia.indiatimes.com/business/cryptocurrency/blockchain/rbi-warns-crypto-can-lead-to-dollarisation-of-economy/articleshow/91672891.cms ;
    SEBI suggests celebrities should not endorse crypto: https://www.thehindubusinessline.com/money-and-banking/cryptocurrency/sebi-calls-for-no-celebrity-endorsement-of-cryptos/article65416520.ece ;
    Indian exchanges face valuation reality check amidst adverse markets: https://www.timesnownews.com/cryptonow/indian-crypto-exchanges-face-valuation-reality-check-amid-tougher-market-conditions-article-91683502 ;
    BitMEX enters the Indian market: https://economictimes.indiatimes.com/tech/technology/cryptocurrency-exchange-bitmex-launches-spot-trading-in-india/articleshow/91601317.cms ;
    Poloniex looking to expand in India: https://blockmanity.com/press-release-2/poloniex-looking-to-expand-in-india-collaborates-with-polygon-to-foster-web3-adoption/ ;
    Binance seeking an ideal point for India launch: https://www.coindesk.com/policy/2022/05/18/binance-seeking-ideal-point-for-india-launch/ ;
    TCS engages Tata group companies to deploy metaverse solutions: https://economictimes.indiatimes.com/tech/information-tech/tcs-engages-tata-group-companies-to-deploy-metaverse-solutions/articleshow/91580320.cms ;
    Eros Investments partners with Dubai’s crypto regulator: https://www.ndtv.com/business/indias-lulla-family-run-eros-investments-partners-with-dubais-crypto-regulator-2977159 ;
    Comic Con India enters the metaverse: https://www.financialexpress.com/digital-currency/now-comic-con-india-enters-the-metaverse/2530123/ ;
    WazirX releases the second edition of ‘Transparency Report’: https://wazirx.com/blog/over-95-of-crypto-associated-frauds-are-based-outside-the-blockchain-ecosystem-2nd-edition-of-wazirx-transparency-report/ ;
    CoinDCX has listed Klaytn (KLAY) on its platform.

    • 6 min
    GST on Crypto - Does the Indian Government Want to Kill the Golden Goose?

    GST on Crypto - Does the Indian Government Want to Kill the Golden Goose?

    Here are the top cryptocurrency news headlines from India this week:
    Cryptocurrencies likely to attract 28% GST: https://www.cnbctv18.com/cryptocurrency/cryptocurrencies-may-soon-attract-28-gst-like-betting-and-casinos-in-india-13418192.htm ;
    Critics call govt’s move to levy 28% GST on crypto ‘demonic: https://inc42.com/buzz/critics-call-govts-move-to-levy-28-gst-on-crypto-demonic/ ;
    Trading volumes on Indian exchanges rise amidst crashing crypto prices: https://economictimes.indiatimes.com/tech/technology/volumes-on-indian-crypto-exchanges-jump-as-bitcoin-crashes/articleshow/91493699.cms ;
    Crypto rout sends portfolios of most new investors in red: https://economictimes.indiatimes.com/tech/technology/trading-volumes-jump-in-india-as-bitcoin-crashes-to-30000/articleshow/91476472.cms ;
    Indian exchanges and investors in a tizzy after LUNA’s dramatic collapse: https://economictimes.indiatimes.com/markets/cryptocurrency/indian-exchanges-delist-luna-after-100-crash-in-token/articleshow/91540765.cms ;
    Crypto exchanges want clarity on TDS liability if they move operations outside India: https://economictimes.indiatimes.com/tech/technology/cryptocurrency-exchanges-want-clarity-on-tds-liability-if-they-move-operations-overseas/articleshow/91523701.cms ;
    Coinbase CEO says firm halted services due to informal RBI pressure: https://www.cnbctv18.com/cryptocurrency/coinbase-ceo-says-exited-india-crypto-market-in-three-days-due-to-informal-pressure-from-rbi-but-will-return-13446072.htm ;
    Sonam Kapoor invests in a metaverse gaming platform: https://inc42.com/buzz/sonam-kapoor-invests-in-gaming-startup-irreverent-labs-metaverse-platform-mechafightclub/ ;
    CoinDCX has launched its venture investment arm CoinDCX Ventures: https://inc42.com/buzz/crypto-unicorn-coindcx-launches-investment-arm-to-deploy-inr-100-cr-in-web3-ecosystem/ ;
    CoinSwitch Kuber lists Ethereum Name Service (ENS) and Chiliz (CHZ);
    WazirX lists League of Kingdoms (LOKA), BarnBridge (BOND) and Measurable Data Token (MDT) in its USDT market.

    • 5 min
    Finance Ministry Meets Crypto Industry+DeFi Comes Under the Tax Department's Scrutiny

    Finance Ministry Meets Crypto Industry+DeFi Comes Under the Tax Department's Scrutiny

    Here are the top cryptocurrency news headlines from India this week:
    Finance Ministry meets crypto industry: https://www.coindesk.com/policy/2022/05/05/indias-parliamentary-finance-body-chides-crypto-industry-in-meeting-sources/ ;
    DeFi comes under tax department’s scrutiny: https://inc42.com/buzz/amid-ongoing-uncertainty-in-crypto-industry-defi-comes-under-tax-departments-scrutiny/ ;
    Reward points and e-vouchers not in crypto tax ambit: https://economictimes.indiatimes.com/news/economy/finance/reward-points-e-vouchers-out-of-crypto-tax-ambit/articleshow/91299526.cms ;
    India brings new cyber security rules for crypto businesses: https://www.coindesk.com/policy/2022/05/02/india-includes-crypto-businesses-in-new-rules-for-cyber-security/ ;
    NSDL launches blockchain-based platform for security and covenant monitoring: https://inc42.com/buzz/nsdl-launches-blockchain-based-platform-for-security-and-covenant-monitoring/ ;
    Pantera Capital to increase focus on India: https://economictimes.indiatimes.com/tech/technology/pantera-capital-to-increase-india-focus-as-it-closes-crypto-blockchain-funds/articleshow/91342252.cms ;
    Zebpay lists Paris Saint-German (PSG), Juventus (JUV), Manchester City (CITY), FC Barcelona (BAR) and Alpine F1 team (ALPINE) fan tokens;
    CoinDCX lists Storj (STORJ), STEPN (GMT) and LCX;
    WazirX lists Biswap (BSW), Linear Finance (LINA) and REI Network (REI) in its USDT market;
    CoinSwitch Kuber lists Origin Protocol (OGN)

    • 4 min
    Finance Minister Nirmala Sitharaman Says India Will Not Rush Into Crypto Regulations

    Finance Minister Nirmala Sitharaman Says India Will Not Rush Into Crypto Regulations

    Here are the top crypto news headlines from India this week:
    Finance Minister Nirmala Sitharaman says crypto regulation will not be rushed: https://news.bitcoin.com/indias-decision-on-crypto-regulation-will-not-be-rushed-says-finance-minister/ ;
    Banks ask NPCI to provide clarity on usage of UPI by crypto exchanges: https://economictimes.indiatimes.com/tech/technology/top-banks-ask-npci-to-clarify-its-stance-on-upi-for-crypto/articleshow/91056087.cms ;
    Payments Council Of India says payment gateways avoiding crypto exchanges due to RBI’s reservations: https://inc42.com/buzz/payment-gateways-avoiding-crypto-exchanges-due-to-rbis-reservations-payments-council-of-india/ ;
    Flipkart targets Web3 opportunities through new Flipkart Labs division: https://www.livemint.com/technology/tech-news/flipkart-to-test-web-3-0-metaverse-expansion-11651153527184.html ;
    Coinbase CEO Brian Armstrong questions India’s ‘shadow ban’ on crypto: https://inc42.com/buzz/coinbase-ceo-raises-questions-indias-shadow-ban-on-crypto-trading/ ;
    Amesten Capital raises $9 million to focus on DeFi: https://inc42.com/buzz/web3-crypto-focused-investor-amesten-capital-bags-9-mn-to-focus-on-defi-finance-gaming-space/ ;
    Mumbai-based Revise Network raises $3.5 million: https://inc42.com/buzz/revise-network-raises-3-5-mn-to-help-nfts-interact-with-apps-and-data/ ;
    Unicas expands physical presence in India: https://inc42.com/buzz/crypto-banking-platform-unicas-physical-presence-india/ ;
    Newrl launches new solution to help startups tokenise their ESOPs: https://inc42.com/buzz/how-blockchain-startup-newrl-aims-to-help-startups-tokenise-their-esops/ ;
    WazirX lists BinaryX (BNS), ForTube Token (FOR) and Green Metaverse Token (GMT) in its USDT market;
    CoinDCX lists JasmyCoin (JASMY), MahaDAO (MAHA), and Audius (AUDIO);

    • 5 min
    Let's Admit It - The Indian Government Doesn't See Crypto Positively

    Let's Admit It - The Indian Government Doesn't See Crypto Positively

    Here are the top cryptocurrency news headlines from India this week:
    Crypto exchanges resort to P2P after a 60% drop in trading volumes: https://inc42.com/buzz/after-nearly-60-drop-in-crypto-trading-volumes-indian-crypto-exchanges-resort-to-p2p-method/ ;
    Indians’ interest in cryptocurrency is declining since Budget 2022, Google data suggests: https://www.financialexpress.com/digital-currency/crypto-tax-impact-indians-interest-in-cryptocurrency-decline-since-budget-2022/2500536/ ;
    Freeze on crypto payments like a shadow ban on the industry: https://economictimes.indiatimes.com/markets/cryptocurrency/is-the-freeze-on-crypto-payments-in-india-a-shadow-ban/articleshow/90978354.cms ;
    IMF Official says crypto regulation is high on the agenda for India: https://news.bitcoin.com/imf-official-regulating-crypto-assets-is-high-on-the-agenda-for-india/ ;
    Sitharaman pitches for global framework to prevent cryptocurrencies from being used for money laundering: https://economictimes.indiatimes.com/news/economy/policy/fm-sitharaman-pitches-global-framework-to-regulate-crypto-currencies/articleshow/90927206.cms ;
    Stripe partners with Polygon to enable crypto payouts: https://inc42.com/buzz/stripe-indias-polygon-enable-crypto-payouts-starting-twitter/ ;
    Polygon’s Sandeep Nailwal calls for a single crypto regulator in India: https://www.coindesk.com/policy/2022/04/22/india-needs-a-single-crypto-regulator-says-polygon-co-founder/ ;
    RBI rejects MobiKwik’s payment aggregator licence: https://www.businesstoday.in/industry/banks/story/exclusive-rbi-rejects-mobikwiks-payment-aggregator-licence-support-to-crypto-exchanges-likely-reason-330702-2022-04-21 ;
    Cricket NFT platform Rario raises $120 million: https://economictimes.indiatimes.com/tech/technology/cricket-nfts-platform-rario-raises-120-million-led-by-dream-capital/articleshow/90963022.cms ;
    IIT Delhi partners with Binance to issue NFT tickets: https://www.livemint.com/companies/news/iit-delhi-partners-binance-to-issue-nft-tickets-for-college-fest-11650538191826.html ;
    CoinDCX tops $2 billion valuation in new $135 million funding: https://techcrunch.com/2022/04/18/indian-crypto-exchange-coindcx-tops-2-1-billion-valuation-in-new-135-million-funding/ ;br...

    • 8 min

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