Blockchain & crypto news from India
According to reports, the latest Indian crypto bill will necessitate the requirement for sharing KYC (Know Your Customer) data of users with several regulators and government agencies for verification. The latest bill will command for a uniform KYC procedure for all cryptocurrency exchanges though they have their own process as of now. The new bill…
In an event organized by the Blockchain and Crypto assets Council (BACC) of Internet and Mobile Association of India (IAMAI), the chairman of India’s Parliamentary Standing Committee on Finance, Jayant Sinha said that country’s bill will have a unique approach for crypto law. He assured that nation’s crypto policies will not be along the lines…
Mudrex, an Indian crypto-asset management company intends to make crypto investments easier. In a seed round led by Nexus Venture Partners, it has raised $2.5 million (approx. Rs. 18.5 crores). Nexus has a number of investments in India including Unacademy, Zomato, OLX and many more. The firm had earlier raised $750,000 from Better Capital, Y…
Indian crypto space has been confronting a revolution for the past couple of years. In spite of the uncertainty in the regulations and extreme volatility, several Indians prefer investing in crypto rather than gold. Around 15 million people in India have invested in crypto. In India, households have more than 25,000 tonnes of gold. Interestingly,…