Blockchain & crypto news from India
CoinDCX, a cryptocurrency exchange platform launched in 2018, has grown to be one of the biggest cryptocurrency exchanges in India. The company was founded by Sumit Gupta and Neeraj Khandelwal. The platform aims to provide a secure, user-friendly and compliant environment for people to trade digital assets. The rapidly growing demand of digital assets in…
Founded in 2014, ZebPay serves as a platform for cryptocurrency exchange, enabling users to engage in buying, selling, and trading a diverse range of digital currencies including Bitcoin, Ethereum, Ripple, Litecoin, and others. The company was founded by Mahin Gupta, Sandeep Goenka, and Saurabh Agrawal in India. The company was initially called BuySellBitco.in. The company…
Unocoin is among the inaugural players in India’s bitcoin and crypto space. Established in July 2013, Unocoin was founded by Sathvik Vishwanath, Abhinand Kaseti, Sunny Ray and Harish BV with a mission “to bring Bitcoin to the billions”, and it does so by offering a diverse range of services which facilitates Indians to buy, sell,…
As per a report from The Economic Times, Binance, a leading cryptocurrency exchange, is poised to re-enter the Indian market after a four-month hiatus. The exchange had been banned from offering its services in the country due to non-compliance with local laws. However, Binance is now set to return to India by paying a $2-million…
The pilot study of the CBDC has raised curiosity about the new digital currency. While the responses of participants are expectedly tepid and restrained, the question uppermost on everyone’s mind is – how is this better than UPI/Bhim/Paytm? The retail pilot of CBDC is planned on a limited scale, and currently only on invite basis….
Many firsts are being created during the retail trial phase of e-Rupee, India’s answer to Bitcoin and the onslaught of cryptocurrencies. The latest in the news are payment platforms and retail chains announcing their integration of the CBDC. Reliance Retail has shared it has integrated e-rupee into the Freshpik stores to begin with. This has…
The e-Rupee is the CBDC or central bank digital currency of India, to be launched in the near future to keep the threat of cryptocurrencies like Bitcoin at bay. The retail and wholesale pilots of the CBDC are the most recent stages of the digital rupee that will help test and improve upon the design…
At an event organized in New Delhi, RBI Governor Shaktikanta Das shared his views on cryptocurrencies, their nature and the threat posed to India’s economy. According to him, the perceived value of cryptocurrencies is nothing and is “make-believe”. RB Governor Shaktikanta Das pointed to the fact that there is no underlying value in cryptocurrencies. He…
The E-Rupee trial in the retail segment by RBI has clocked around 16,000 testers. The digital currency is currently designated CBDC-R (e₹-R). There are currently two pilots underway, one for retail and wholesale segment each. The retail pilot has done processing of Rs 64 lakh worth of transactions. After thorough research and sharing a concept…
IndiaTech.org, an organization representing the startup and internet-based businesses in India, has asked for the current crypto TDS rates to be brought down from 1% to 0.01%. The recommendation aims to create a suitable amendment to this effect in the next Union budget of India. Virtual digital assets are now taxed heavily in India, attracting…