Cryptocurrency India Weekly

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Five Reasons Indian Regulators are Shying Away from Regulation of Crypto Trading + More Crypto News Aug 08, 2021

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Subscribe to the Cryptocurrency India Weekly newsletter: https://www.getrevue.co/profile/thecryptodost
Here are the top cryptocurrency news headlines from India this week:
Ministry of Finance responds to questions about crypto in the Parliament: https://news.bitcoin.com/indian-government-cryptocurrency-trading-regulation-investor-protection/ ;
Five Reasons Indian regulators are shying away from regulation of crypto trading: https://inc42.com/infocus/indias-crypto-economy-scams-volatility-lack-of-inherent-value-keep-regulators-away/ ;
GoSats raises seed funding of $700k: https://bfsi.economictimes.indiatimes.com/news/financial-services/indias-first-bitcoin-rewards-company-gosats-raises-seed-funding-of-700k/85032337 ;
GainBitcoin scam case hearing in Supreme Court on August 9th: https://inc42.com/buzz/amit-bhardwaj-gainbitcoin-scam-supreme-court-to-hear-case-on-aug-9/ ;
Biconomy raises $9 million ahead of token listing: https://www.livemint.com/companies/start-ups/blockchain-startup-biconomy-raises-9-million-ahead-of-token-listing-11627482454328.html ;
BCAC appoints India’s first cybersecurity coordinator Dr. Gulshan Rai as its Advisory Board Member: https://www.businessinsider.in/advertising/media/news/iamai-bacc-appoints-indias-first-cyber-security-coordinator-dr-gulshan-rai-as-its-advisory-board-member/articleshow/84998321.cms ;
Bitbns announces Cryptocurrency SIPs’ worth lakhs for Indian Medalists at Tokyo Olympics 2020;
Unocoin deepens integration with Airtm;
Zebpay lists PAXG and MKR in its USDT market;
WazirX lists Axie Infinity (AXS) in its INR and USDT market, Sandbox (SAND) in its INR market and Klaytn (KLAY) in the USDT market;
Watching Recommendation:
Learn more about Ethereum's London Hard Fork: https://www.youtube.com/watch?v=S4hwcNovPp0

CoinDCX may become a unicorn soon+ Equalisation levy on crypto exchanges in India will not apply to investors+more crypto news Aug 01, 2021

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Subscribe to the Cryptocurrency India Weekly newsletter: https://www.getrevue.co/profile/thecryptodost
Here are the top cryptocurrency news headlines from India this week:
CoinDCX exchange may become a unicorn soon: https://economictimes.indiatimes.com/tech/funding/coindcx-in-talks-to-raise-100-120-million/articleshow/84840176.cms ;
Equalisation levy on crypto exchanges in India will not apply to investors: https://www.businessinsider.in/cryptocurrency/news/the-indian-government-has-no-data-on-how-many-crypto-exchanges-and-investors-working-on-cryptocurrency/articleshow/84821709.cms ;
Binance in Regulatory Crosshairs: https://www.livemint.com/market/cryptocurrency/binance-india-summons-executives-of-world-s-largest-crypto-exchange-11627632235407.html ;
Indian Crypto exchanges will have new advertisement guidelines soon: https://www.businessinsider.in/cryptocurrency/news/wazirx-coindcx-and-other-indian-crypto-exchanges-will-reportedly-have-new-advertisement-guidelines-in-the-next-seven-to-ten-days/articleshow/84756896.cms ;
Non Fungible Tokens gaining traction in India: https://www.livemint.com/technology/tech-news/nft-adoption-gaining-traction-in-india-11627233964069.html ;
ICICI, Axis and HDFC Bank buy stake in blockchain Startup IBBIC: https://www.livemint.com/companies/news/sbi-kotak-axis-hdfc-icici-bank-pick-up-stake-in-blockchain-platform-ibbic-11627390888288.html ;
Votechain launches blockchain-based online voting platform EazyVC: https://www.expresscomputer.in/news/votechain-launches-eazyvc-indias-blockchain-based-online-voting-platform/77910/ ;
Binance launches new tax reporting tool: https://www.financialexpress.com/money/income-tax/binance-launches-tax-reporting-tool-how-will-it-help-indian-crypto-investors-in-income-tax-return-filing/2300077/ ;
FOHO Coin IEO goes live on the Bitbns;
WazirX completes 5th Quarterly WRX Burn: https://blog.wazirx.com/wazirx-completes-5th-quarterly-wrx-burn/ ;
Zebpay lists 10 tokens in its USDT market;
CoinSwitch Kuber enables limit orders for all coins;

RBI looks at CBDC as a way to counter cryptocurrencies+more crypto news from India Jul 25, 2021

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Subscribe to the Cryptocurrency India Weekly newsletter: https://www.getrevue.co/profile/thecryptodost
Here are the top cryptocurrency news headlines from India this week:
RBI looks at CBDC as a way to counter cryptocurrencies: https://timesofindia.indiatimes.com/business/india-business/its-time-for-digital-currency-to-counter-crypto-says-rbi/articleshow/84662839.cms ;
Cashaa’s ambitious plans for crypto-friendly banking in India: https://indianexpress.com/article/business/banking-and-finance/cryptocurrency-bank-plans-india-operations-takes-cooperative-route-to-get-around-rbi-rules-7411089/ ;
Crypto businesses on a hiring spree in India: https://www.moneycontrol.com/news/business/economy/digital-money-craze-india-is-mining-jobs-on-cryptocurrency-platforms-7210581.html ;
Bitbns changes the UPI ID and bank account details for INR deposits;
WazirX lists DOCK and Alpha Finance Lab tokens;
Zebpay lists 8 new tokens in its USDT market;
CoinSwitch Kuber delists Ripio Credit Network (RCN) token
Watch Elon Musk, Jack Dorsey and Cathie Wood at The ₿ Word event: https://www.youtube.com/watch?v=Zwx_7XAJ3p0

Delhi High Court issues notice to set up guidelines for crypto ads Jul 18, 2021

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Subscribe to the Cryptocurrency India Weekly newsletter: https://www.getrevue.co/profile/thecryptodost
Here are the top cryptocurrency news headlines from India this week:
Delhi High Court issues notice to set up guidelines for crypto ads: https://coincrunch.in/2021/07/14/delhi-hc-issues-notice-to-exchanges-centre-sebi-to-set-up-guidelines-for-crypto-ads-on-television/ ;
India’s Crypto Bill Will not be introduced in the Monsoon session of the Parliament: https://www.youtube.com/watch?v=DA2L-CRrTaY&t=8s ;
Women investors acing crypto trading in India: https://www.moneycontrol.com/news/business/cryptocurrency/the-curious-case-of-women-acing-cryptocurrency-trading-in-india-7185001.html ;
Exchange Wars in India: https://inc42.com/datalab/who-is-winning-the-crypto-battle-in-india/ ;
Maharashtra rolls out blockchain-powered educational documents: https://www.business-standard.com/content/press-releases-ani/india-becomes-the-fourth-country-to-roll-out-blockchain-powered-educational-documents-121071601003_1.html ;
Zebpay introduces Earn feature: https://coincrunch.in/2021/07/13/zebpay-users-automatically-earn-returns-on-their-crypto-holdings/ ;
WazirX lists pNetwork’s PNT and district0x’s DNT tokens in its INR and USDT market;
Bitbns updates its Matic20 infrastructure;
CoinDCX lists Enjin on the CoinDCX Go App

Cabinet note on India’s new crypto bill now ready+Indian cryptocurrency exchanges report trading slump+more crypto news from India Jul 11, 2021

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Here are the top cryptocurrency news headlines from India this week:
Cabinet note on India’s new crypto bill now ready: https://www.thehindubusinessline.com/economy/plugging-gaps-in-gst-was-not-a-roving-expedition/article35070324.ece ;
Indian exchanges report trading slump: https://economictimes.indiatimes.com/tech/technology/crypto-exchanges-use-trading-lull-to-build-capacity-improve-systems/articleshow/84173761.cms ;
ICICI bank stops users from using the LRS route to invest in crypto assets: https://inc42.com/buzz/icici-bank-users-can-no-longer-use-lrs-to-invest-in-crypto-assets/ ;
Indian decor brand The Rug Republic starts accepting crypto for payments: https://www.livemint.com/market/cryptocurrency/this-indian-decor-brand-is-accepting-cryptocurrencies-as-payments-11625824328642.html ;
Zebpay exchange set to launch crypto SIP platform ZEBB: https://zebb.com/?utm_source=social&utm_medium=posts&utm_campaign=zebb ;
CoinDCX exchange launches Liqueth (LQTH) token: https://blog.coindcx.com/wp-content/uploads/2021/01/Liqueth-Litepaper.pdf ;
WazirX lists NKN, Mirror Protocol, Kusama Network and Origin Protocol tokens;
Bitbns exchange launches fixed income plans for Kardia Chain’s KAI token.
Announcement:
Crypto Dost is a proud media partner for the upcoming Asia Innovation Summit brought by Lumos Labs and Dao Maker. The summit will begin on July 14th and go on till July 21st. This summit is a research-oriented emerging technology conference that puts the spotlight on Asia as the next global hub for innovation. The theme for this year’s event is “showcasing implementable and scalable innovation”. Register at: https://www.asiainnovationsummit.com

15 million Indians now investing in crypto+Foreign crypto exchanges in India may have to pay 18% GST+More crypto news Jul 04, 2021

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Here are the top cryptocurrency news headlines from India this week:
15 million Indians now investing in crypto: https://www.coindesk.com/india-bitcoin-crypto-investments-young-generation ;
Foreign crypto exchanges in India may have to pay 18% GST: https://www.businessinsider.in/cryptocurrency/news/foreign-crypto-exchanges-in-india-may-have-to-pay-18-gst-as-the-government-mulls-over-taxation/articleshow/84066450.cms ;
Indian cryptocurrency exchanges scrambling to secure permanent payment solutions: https://economictimes.indiatimes.com/markets/cryptocurrency/indian-crypto-exchanges-scramble-to-secure-viable-payment-solutions-as-banks-cut-ties-after-rbi-frown/articleshow/84013645.cms ;
Coinbase lays out roadmap for India: https://blog.coinbase.com/building-crypto-out-of-india-5cd5afa6d884 ;
Zebpay launches Zebpay Earn program;
WazirX teams up with TRM Labs to enhance its anti-fraud management: https://www.coindesk.com/binance-owned-indian-exchange-taps-trm-labs-for-anti-fraud-management ;
CoinDCX becomes title sponsor of the T20I Series between India and Sri Lanka: https://economictimes.indiatimes.com/magazines/panache/cryptocurrency-brand-coindcx-becomes-title-sponsor-of-the-t20i-series-between-india-and-sri-lanka/articleshow/84014247.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Bitbns becomes the official title associate sponsor for Wimbledon 2021 streaming on Hotstar;
CoinSwitch Kuber lists Ankr;
Watching Recommendation:
Crypto Dost on Founder India YouTube channel discussing Bitcoin & Gold, crypto investment trends in India and the growing field of on-chain analysis: https://www.youtube.com/watch?v=aCv3uElRrAg

New crypto tax on international exchange transactions+India’s super rich get easier access to crypto+more crypto news Jun 27, 2021

Show notes

Here are the top cryptocurrency news headlines from India this week:
India mulling a new crypto tax on foreign cryptocurrency exchange transactions: https://www.businessinsider.in/cryptocurrency/news/trading-on-crypto-exchanges-based-outside-of-india-may-get-more-expensive/articleshow/83747213.cms ;
What is Equalisation Levy: https://cleartax.in/s/equalisation-levy ;
India’s super rich get easier access to crypto: https://economictimes.indiatimes.com/tech/technology/exchanges-rolling-out-red-carpet-for-hnis-swarming-for-crypto-coins/articleshow/83758987.cms ;
Leading crypto exchanges coming together to lobby for regulation: https://economictimes.indiatimes.com/tech/technology/top-crypto-exchanges-plan-multi-pronged-push-for-regulation/articleshow/83716658.cms ;
IDFC bank reportedly stops services to crypto businesses: https://www.livemint.com/companies/news/now-idfc-first-bank-halts-banking-services-to-crypto-industry-11624537138102.html ;
TCS launches Quartz For Markets To Help Integrate Crypto Services With Existing Platforms: https://inc42.com/buzz/tcs-quartz-for-markets-to-help-integrate-crypto-assets-with-existing-platforms/
What is TCS Quartz: https://www.youtube.com/watch?v=SHpWRUJzrHA ;
Bengaluru police bust another ponzi scheme related to crypto: https://inc42.com/buzz/bengaluru-police-busts-another-crypto-related-ponzi-scheme/ ;
Bitbns introduces mandatory bank verification for safer INR withdrawals: https://bitbns.freshdesk.com/support/solutions/articles/35000182227 ;
WazirX lists MDEX, Decred and CKB tokens;
Video Recommendation:
Crypto Dost on the Founder India Show, Talking about the retail investor mindset in Crypto: https://www.youtube.com/watch?v=1ruUuNPyoKw

Indian crypto industry continues to attract foreign funds+Raftaar becomes first Indian artist to accept crypto as fees Jun 20, 2021

Show notes

Here are the top cryptocurrency news headlines from India this week:
Indian crypto industry continues to attract foreign funds even as Indian VCs stay away: https://economictimes.indiatimes.com/tech/technology/indias-crypto-industry-attracts-foreign-funds-but-local-investors-remain-wary/articleshow/83615324.cms ;
Rapper Raftaar becomes first mainstream Indian artist to accept crypto as performance fees: https://www.moneycontrol.com/news/india/rapper-raftaar-is-the-first-indian-artiste-to-accept-cryptocurrency-as-performance-fees-7057721.html ;
15 Banks Form New Company to Process Letters of Credit in India Using Blockchain Technology: https://www.coindesk.com/india-banks-blockchain-letters-of-credit-new-company ; DeFi Alliance starts India chapter: https://medium.com/defi-alliance/announcing-defi-alliance-india-chapter-8f55be4f1177 ;
Indian 'Crypto King' Arrested by Narcotics Control Bureau: https://news.bitcoin.com/indian-crypto-king-arrested-by-narcotics-control-bureau-wazirx-says-not-our-user/
Tezos launches the second edition of Tezos India Fellowship, apply here: https://tif2.devfolio.co/ ;
Polkadot announces winners of its hackathon program;
WazirX launches OTC desk for high value traders, learn more: https://docs.google.com/document/d/1aZd6tp-zJizyt-eKNi4O3uA59tyw77IDQceGyHWMJ5s/edit ;
Bitbns integrates Polygon for more cost-efficient transactions: https://medium.com/bitbns/bitbns-integrates-polygon-for-more-cost-efficient-transactions-3eccde9632dd ;
New Upcoming IEO on Ascent - FOHO Coin: https://medium.com/bitbns/new-upcoming-ieo-on-ascent-foho-coin-92c0700c21ae ;
CoinDCX lists AVAX on the CoinDCX Go App;

India May Classify Bitcoin as an Asset Class+Kraken, Bitfinex and Kucoin Eye India Entry+More Crypto News Jun 13, 2021

Show notes

Here are the top cryptocurrency news headlines from India this week:
India May Classify Bitcoin as an Asset Class Soon: https://www.youtube.com/watch?v=_EKixDTy7FQ&t=18s ;
Kraken, Bitfinex and Kucoin Eye India Entry: https://www.aljazeera.com/economy/2021/6/9/cryptocurrency-exchanges-explore-ways-to-enter-india ;
ED issues show-cause notice to crypto exchange WazirX’s directors Nischal Shetty and Sameer Mhatre: https://www.moneycontrol.com/news/business/ed-issues-show-cause-notice-to-wazirx-directors-nischal-shetty-and-sameer-mhatre-under-fema-7021191.html ;
Our Analysis on the Enforcement Directorate Issuing Show Cause Notice to WazirX: https://www.youtube.com/watch?v=Dgf3YPE1Slk ;
Haryana Police arrest four scamsters for crypto fraud: https://www.businessinsider.in/india/news/haryana-police-arrests-four-in-cryptocurrency-fraud/articleshow/83400757.cms ;
Zebpay lists Matic token on its lending platform: https://zebpay.com/in/lending/ ;
Bitbns introduces SIPs in any listed token through the Google Sheets API: https://medium.com/bitbns/introducing-sip-in-any-token-via-google-sheets-api-bitbns-7f32e9cc169d ;
Reading Recommendation:
Should a fall in crypto trading volume concern Indian investors? https://www.livemint.com/market/cryptocurrency/should-fall-in-crypto-trading-volume-concern-indian-investors-11623492774735.html ;

RBI Says Banks Cannot Stop People From Investing in Crypto based on 2018 Circular+Leading Exchanges Partner with IAMAI for Self Regulation Jun 06, 2021

Show notes

Here are the top news headlines from India this week:
RBI Says Banks Cannot Stop People From Investing in Crypto based on 2018 Circular: https://www.youtube.com/watch?v=S0UwESHdcmA&t=3s ;
Official RBI Notification: https://rbi.org.in/Scripts/NotificationUser.aspx?Id=12103&Mode=0
No change in RBI’s view on cryptocurrencies, says RBI Governor Shaktikanta Das: https://www.thehindu.com/business/Economy/no-change-in-rbis-view-on-cryptocurrencies-we-have-major-concerns-das/article34730687.ece ;
WazirX, CoinDCX and CoinSwitch Kuber partner with IAMAI to set up an advisory board for self-regulation: https://economictimes.indiatimes.com/tech/technology/indias-cryptocurrency-industry-draws-up-legitimacy-plan/articleshow/83188685.cms ;
WazirX launches NFT platform: https://www.businesstoday.in/current/corporate/wazirx-announces-india-1st-nft-marketplace-amid-crypto-boom-wazirx-announces-india-1st-nft-marketplace-amid-crypto-boom/story/440549.html ;
See the WazirX NFT Marketplace here: https://nft.wazirx.org/drop ;
WazirX lists TKO token in its INR and USDT markets;
Bitbns exchange launches BNSPay App: https://play.google.com/store/apps/details?id=com.bitbnspay&hl=en_US&gl=IN ;
Zebpay appoints former COO Avinash Shekhar as co-CEO: https://www.moneycontrol.com/news/business/cryptocurrency/crypto-asset-exchange-zebpay-appoints-avinash-shekhar-as-its-co-ceo-6979021.html ;
CoinDCX exchange lists Polkastarter in its BNB, BTC, USDT and BUSD markets;
Reading Recommendation:
Cyber Dost Recommendations to Protect Investors from Crypto Frauds: https://timesofindia.indiatimes.com/gadgets-news/government-has-this-warning-for-bitcoin-and-other-cryptocurrency-investors/articleshow/83254280.cms ;

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