Cryptocurrency | Page 8

The government reconsidering its stance on cryptos has relaxed frayed nerves in the industry

Currently, the question lies in how to choose the most beneficial, and secure payment gateway provider

Year 2020 was significant for the Indian crypto investor, as it was for the cryptocurrencies. But as more Indian investors are entering the pool, the Indian government is looking towards increasing regulation

While it is still to be seen in what way, if at all, the digital tokens will be banned, stakeholders are on tenterhooks given it may wipe away the entire industry in the country, thriving in rest of the world

Crypto entrepreneurs believe continued global adoption makes a strong case for acceptance in the country

An inter-ministerial committee (IMC), which was constituted to study the issues and propose specific actions related to cryptocurrencies, has recommended in its report that except any virtual currencies issued by the government, all private cryptocurrencies will be prohibited in the country, said Finance Minister Nirmala Sitharaman responding to a question in the Rajya Sabha

The financial technology space is expecting a differentiated treatment in the upcoming Budget

While releasing a booklet, the central bank noted that private digital currencies/virtual currencies/cryptocurrencies have gained popularity in recent years

Digital-asset exchanges are pointing to the trend that this time investors are not entering the space in the heat of the market sentiment

CoinDCX aims to deploy the fresh capital to drive cryptocurrency adoption in India with cutting-edge innovative products and attract and retain fresh talent

Digital assets' regulation will play a major role in allowing hundreds of billions of dollars of investments to flow into Indian companies

With this round of funding, Unocoin is close to finalising its Series A funding round targeted at USD5 million

The Mumbai-based company is backed by Bain Capital Ventures and Polychain Capital, and claims it saw a 10x increase in user signups, and a 47 per cent growth in trading volumes in the first quarter of this year.

The investment will further boost the company's efforts to increase cryptocurrency adoption in India.

Though a welcome move, the supreme court's judgment to squash RBI's curb on cryptocurrency transactions through banks does not solve the core problems ailing the industry, say experts

A three-judge SC bench struck down RBI's ban on cryptocurrency saying that the ban was 'disproportionate'

The blockchain and crypto market is far from slowing down as the momentum is gradually picking up

The show has combined three separate industries into one huge business model

RBI governor Shaktikanta Das said that issuing currency is a sovereign mandate and this should not be given to private companies

WazirX, an Indian cryptocurrency exchange announced its acquisition by one of the leading global cryptocurrency exchange and blockchain companies, Binance

These trends will offer tremendous opportunities for start-ups