Blockchain & crypto news from India
Shaktikanta Das, the governor of India’s central bank, has said recently that their Central Bank Digital Currency (CBDC) has amassed more than 5 million users. However, there should be no rush to implement a system-wide CBDC. The chief official of the Reserve Bank of India spoke recently at a conference in Bengaluru on Monday. India’s…
WazirX, the Indian cryptocurrency exchange, remarked that external parties that are not involved in the platform may try to delay the restructuring process of the crypto exchange for their own personal benefits. WazirX announced in a post on X, that these non-related parties will try and create more uncertainty for the cryptocurrency exchange’s future rather…
WazirX, one of the biggest cryptocurrency exchanges in India, has announced that it is ending its partnership with “Liminal Custody” and moving their funds to new Multisig wallets. Liminal Custody is a digital assets custody platform which was entrusted by the exchange with safeguarding the affected multi-sig wallet. The move came after WazirX suffered a…
CoinDCX, one of the country’s biggest cryptocurrency exchanges, has recently announced that the firm has allocated Rs 50 crores as a part of its Crypto Investors Protection Fund (CIPF) which will compensate users for the funds lost in security breaches. This announcement came in just days after WazirX, another of the country’s biggest cryptocurrency exchanges,…
India is set to take a very big and decisive step in crypto regulation. The Indian government is planning to release a discussion paper that highlights its stance on the cryptocurrencies. The paper is set to be released before the month of September. The statement was released by Senior Finance Ministry Official Ajay Seth. In…
On the 18th of July, WazirX, the country’s biggest cryptocurrency exchange was hit with a devastating hack that resulted in the theft of more than $235 Million in digital assets. The exchange confirmed the attack in a statement on X, formerly known as Twitter. After the attack, several different market crypto executives have cautioned the investors…
On Thursday, Delta Exchange, a cryptocurrency derivative trading platform, announced that it is going to commence its operations in India. With this launch, Delta Exchange also claims that it is the first and only platform in India that is offering options trading on Bitcoin (BTC), Ethereum (ETH), and other crypto assets. Delta Exchange was founded…
The Orissa High Court recently declared that Cryptocurrency dealings are not illegal under the Indian law. The decision was taken by the High Court after a case accusing individuals of committing fraud by conducting a Ponzi scheme came to light. Justice Sasikanta Mishra clarified that cryptocurrency is not considered as money under the Prize Chits…
Founded in 2017, CoinSwitch was founded as a global cryptocurrency exchange aggregator. This platform allowed users to compare rates across various exchanges and facilitated seamless trading across multiple cryptocurrencies. The company was launched as CoinSwitch Kuber in 2017, to specifically cater to the Indian cryptocurrency market only. The company was founded by Ashish Singhal, Govind…
WazirX is one of the biggest crypto exchanges in India. It was founded in 2018 by Nischal Shetty, Sameer Mhatre, and Siddharth Menon. Nischal Shetty has been a prominent figure in the Indian tech scene. Before WazirX, he founded Crowdfire, a popular social media management tool. The motivation of the founders behind establishing WazirX was…