With the future of the crypto in India now tied to a Supreme Court case, exchanges are looking to derivatives trading. India has had a complicated relationship with crypto. While the nation holds a large number of crypto enthusiasts, many exchanges are concerned over the future of the industry. According to sources available to Cointelegraph,…
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The Supreme Court of India strikes down the central bank’s controversial ban on banks’ dealings with crypto businesses. The Supreme Court of India has struck down the Reserve Bank of India’s (RBI) controversial ban on banks’ dealings with crypto-related firms. The court’s bench of Justices Rohinton Nariman, S Ravindra Bhat, and V Ramasubramanian, delivered the…
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Despite receiving a lot of flak from regulators, use of crypto is still limited when compared to fiat within the illegal gambling sector. Last week, a report claimed that cryptocurrency-based illegal gambling has surged in many parts of Asia owing to the rise of this novel asset class in recent years. In this regard, the…
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Indian IT giant Tech Mahindra is launching a blockchain accelerator together with the government of the southern state of Telangana. Tech Mahindra, the IT subsidiary of Indian conglomerate Mahindra Group, is launching a blockchain accelerator together with the government of the southern state of Telangana. The parties hope the accelerator will become a “torch-bearer” for…
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India’s citizens will soon be able to cast votes from outside their city of registration thanks to a blockchain-based system. India’s citizens will soon be able to cast votes from outside their city of registration thanks to a blockchain-based system. According to The Times of India on Feb. 13, India’s Chief Election Commissioner Sunil Arora…
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Despite the ongoing uncertainty toward crypto regulation in India, major global crypto exchange OKEx has just made another push in the country’s market. Despite ongoing uncertainty regarding cryptocurrency regulation in India, major global crypto exchange OKEx has just made another push in the country’s market. On Feb. 14, OKEx partnered with India’s largest cryptocurrency trading…
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Hearings in the Indian Supreme Court have opened a discussion between the crypto space and lawmakers on the tech’s potential in the country. India has developed a somewhat paradoxical relationship with cryptocurrencies, blockchain and other emerging technologies. On one hand, the Indian government is a huge proponent of distributed ledger technology, with several government-led initiatives…
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WRX, the first IEO from any Indian exchange, can strengthen sentiments of Indian crypto industry amid an ongoing battle over the status of crypto. Despite regulatory uncertainty and banking restrictions imposed by the Reserve Bank of India, WazirX — the Indian cryptocurrency exchange recently acquired by Binance — launched its WRX coin through an initial…
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RBI’s legal counsel claims crypto can adversely affect India’s financial stability. Back in April 2018, the Reserve Bank of India decided to go ahead and issue a notice prohibiting all of India’s banking and financial institutions from offering their services to crypto exchanges, companies operating within the space, and individuals seeking to explore the nascent…
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Binance Launchpad announced the results of the first token sale of the year, WazirX. Binance Launchpad, as the name suggests, is Binance’s token launch platform, which has just announced WazirX’s token sale results. It is the first token sale of this year. According to a Feb. 4 press release from Binance, there were 10,000 winning…
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