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India
Algorand Foundation CEO on Crypto-Staking After Kraken’s SEC Settlement
Coinbase CEO Brian Armstrong says he's heard rumors the U.S. Securities and Exchange Commission would like to ban retail investors from engaging in cryptocurrency staking. Algorand Foundation CEO Staci Warden discusses what this could mean for crypto stakers, as Kraken shut its staking services as a part of its SEC settlement. Plus, the latest on Algorand Foundation's partnerships in India for Web3 growth.
Unpacking India's CBDC Pilots as Country Prepares for Digital Rupee
India launched two CBDC pilots last year, a wholesale CBDC and a retail CBDC.
WazirX Refutes Binance Allegations, Plans To Seek Recourse
Indian cryptocurrency exchange WazirX has said, "allegations made by Binance in their blog are false and unsubstantiated," and is taking the necessary steps to seek recourse and protect its legal rights, according to its blog post published on Tuesday. "The Hash" panel discusses the latest developments in an ongoing public spat between Binance and WazirX.
Binance-WazirX Dispute Intensifies as the Indian Crypto Exchange Is Told to Move Funds Out of Binance
Binance has invited Zanmai Labs, the entity operating the Indian crypto exchange WazirX, to work out arrangements to withdraw any remaining assets held in Binance wallets, according to a blog post on Friday. "The Hash" panel discusses the latest in the ongoing Binance-WazirX dispute.
Binance-WazirX Dispute Rages as the Indian Crypto Exchange Is Told to Move Funds Out of Binance
The solution ostensibly ends worries about what would happen to customer funds if Binance and WazirX end their collaboration.
India Reveals IMF Is Working With G-20 for Crypto Regulations
Ajay Seth, secretary, Department of Economic Affairs, said crypto assets are not illegal in the country.
India’s Budget Disappoints
India instituted a 30% tax on profits and a 1% tax deducted at source (TDS) on all transactions for the crypto sector last year. Traders' hopes of the tax change in 2023 dashed. That story and other news shaping the cryptocurrency world in this episode of "The Daily Forkast."
India's Reliance Retail, Other Merchants Now Accepting Digital Rupee
The pilot phase for India's digital currency has expanded beyond the original four cities.
India Keeps Restrictive Crypto Tax Rules in 2023 Budget
India instituted a 30% tax on profits and a 1% tax deducted at source (TDS) on all transactions for the crypto sector in 2022. Now the world's largest democracy is keeping its restrictive crypto tax rules unchanged in 2023 as Finance Minister Nirmala Sitharaman did not mention crypto, virtual digital assets, blockchain or central bank digital currencies (digital rupee) while unveiling the nation’s budget. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses how this could impact crypto adoption and trading volumes in the country.