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India
Bitcoin Correlation Continues; Terra Vote Starts Positively
Report: Indian crypto traders may pay tax for using foreign exchanges. Bitcoin, crypto drop as stocks slump in the U.S. Terra revival plan vote goes live, details of South Korean tax investigation revealed. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Binance Seeking ‘Ideal Point’ for India Launch
Increased hiring, active consultations and monitoring of the regulatory environment by the exchange suggest Indian operations may soon be underway.
India's Ad Body Hasn't Discussed Measure to Bar Celebrity Endorsement of Crypto
The country's securities regulator has proposed that ban.
Indian Central Bank Says Cryptos Could Lead to ‘Dollarization’ of Economy: Report
RBI officials said cryptocurrencies could undermine the central bank's capacity to regulate the flow of money.
India's Parliamentary Finance Body 'Chides' Crypto Industry in Meeting: Sources
The meeting was held in the Indian IT hub of Bengaluru, and was the second time the finance committee has met representatives of the crypto industry.
First Mover Asia: Events in China, India Have Also Weighed on Crypto Prices
Investors may have been focusing on U.S. interest rate hikes and the economic fallout of Russia’s Ukraine invasion, but bitcoin has been subject to other headwinds; cryptos soar post-rate hike.
Bitcoin’s Role in a Recession; Virtual NFT Vacations
South Korea’s KakaoBank considers crypto exchange partnerships. What is Bitcoin’s relevance as a safe haven as the threat of recession looms? India’s MakeMyTrip launches NFT collection of top travel spots. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
A16z Invests $500M in Indian Startups
According to a TechCrunch report, venture capital firm Andreessen Horowitz (a16z) plans to invest $500 million in India’s rapidly growing startup ecosystem. “The Hash” group discusses India’s budding crypto community, being the home of noteworthy projects like Polygon, and how VC interest could curb heavy regulation in the country.
Andreessen Horowitz Commits $500M for Indian Startups: Report
The move comes as more VCs target India’s growing startup ecosystem.