Cryptocurrency India Weekly

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Reuters report on crypto ban in India creates FUD+ Transak raises Rs 4.8 crore+more crypto news from India Mar 21, 2021

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Here are the top news headlines from the cryptocurrency industry in India this week:
Reuters report on crypto ban in India creates FUD yet again: https://www.reuters.com/article/us-india-cryptocurrency-ban-idUSKBN2B60R0 ;
Fiat to crypto gateway Transak raises Rs 4.8 crore: https://www.livemint.com/companies/start-ups/fiattocrypto-gateway-transak-raises-rs-4-8-crore-to-expand-india-focus-11615878856740.html ;
Indian crypto investors Metapurse spend $69 Million on an NFT: https://metapurser.substack.com/p/nfts-the-first-5000-beeples ;
WazirX extends 50% trading fee discount with WRX for 6 more months;
Zebpay aims to double monthly transactions : https://www.bloomberg.com/news/articles/2021-03-18/crypto-fever-has-oldest-indian-exchange-seeking-to-double-volume ;
CoinDCX lists Perpetual Protocol, Alice, Dego Finance and Beefy Finance
Reading Recommendation:
How to Create, Buy and Sell NFTs: https://www.coindesk.com/how-to-create-buy-sell-nfts?amp=1&__twitter_impression=true&s=09

Bitcoin price crosses $60,000+Nirmala Sitharaman confirms crypto won't be shut off in India+more crypto news Mar 14, 2021

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Our top news headlines from the crypto industry this week
Bitcoin price crosses $60,000 dollars for the first time: https://www.theblockcrypto.com/linked/98250/bitcoin-60000-first-time ;
FM Nirmala Sitharaman reaffirms that crypto will not be shut off: https://twitter.com/IndiaToday/status/1370773406187057152 ;
New women crypto investors in India spike 1,400% in a year: https://www.livemint.com/market/cryptocurrency/number-of-new-women-investors-in-india-crypto-market-spikes-to-1-400-in-a-year-11615198334723.html ;
Women investors’ interest in cryptocurrencies rising: http://timesofindia.indiatimes.com/articleshow/81384250.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Bitbns conducts token sale of Playcent Global;
WazirX celebrates its third birthday;
CoinDCX lists DOT, YFI and UNI in its INR market
Reading Recommendation:
India can utilise a regulatory sandbox under Sebi and encourage industry-friendly policies : https://www.financialexpress.com/opinion/crypto-cryptex-india-can-utilise-a-regulatory-sandbox-under-sebi-and-encourage-industry-friendly-policies/2211558/

Nirmala Sitharaman says India will take a calibrated stance on cryptocurrencies+MoS Finance Anurag Thakur says government open to crypto Mar 07, 2021

Show notes

Here are the top cryptocurrency news headlines from India this week:
Finance Minister Nirmala Sitharaman says India will take a calibrated stance on crypto: https://www.youtube.com/watch?v=v2kNVlxDCuk ;
Original CNBC TV-18 Interview of Nirmala Sitharaman: https://twitter.com/CNBCTV18News/status/1367810414679977987
Minister of State for Finance Anurag Thakur says government open to crypto: https://www.youtube.com/watch?v=NglQtH_y0C8&t=5s ;
WazirX crosses $2 billion in trading volumes in February: https://www.livemint.com/market/cryptocurrency/indias-largest-crypto-exchange-crossed-2-billion-in-trading-volumes-in-feb-11614759147828.html ;
Bitbns introduces decentralized version of Bitdroplet platform: https://medium.com/bitbns/ann-49-major-steps-towards-a-decentralised-future-409c4ccb8a12 ;
Bitbns announces partnership with Paxful: https://medium.com/bitbns/bitbns-announces-a-powerful-partnership-with-paxful-db0c81c442c5 ;

Cryptocurrency Bill may not be tabled in the current Parliament session+Shaktikanta Das voices concerns about crypto+more crypto news Feb 28, 2021

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Here are the top cryptocurrency news headlines from India this week:
Cryptocurrency Bill may not be tabled in the current Parliament session: https://www.business-standard.com/article/economy-policy/cryptocurrency-bill-may-not-be-tabled-in-the-current-parliament-session-121022600068_1.html ;
RBI governor Shaktikanta Das voices concerns about cryptocurrency: https://economictimes.indiatimes.com/news/economy/policy/rbi-governor-shaktikanta-das-voices-major-concerns-about-cryptocurrency/articleshow/81187214.cms ;
SEBI wants promoters to sell crypto before IPO: https://cointelegraph.com/news/india-securities-regulator-to-reportedly-bar-ipo-promoters-from-holding-crypto ;
Big bull Rakesh Jhunjhunwala says Bitcoin must be banned in India: https://www.livemint.com/market/cryptocurrency/rakesh-jhunjhunwala-on-bitcoins-i-won-t-buy-it-even-for-5-11614099775377.html ;
Custom officials stop imports of hardware wallets;
Many Indian techies getting paid in crypto: https://economictimes.indiatimes.com/tech/technology/many-indian-techies-get-paid-in-crypto-say-its-faster-and-easier/articleshow/81228848.cms ;
State Bank Of India joins JPMorgan’s Blockchain Network: https://www.pymnts.com/blockchain/2021/state-bank-of-india-joins-liink-jpmorgan-blockchain-network/ ;
Unocoin adopts blockchain-based Unstoppable Domains: http://get.unstoppabledomains.com/unocoin/ ;
CoinDCX lists DOGE and MATIC in its INR market;
Video Recommendation:
Crypto Traders Received Income Tax Notice, What to Do: https://www.youtube.com/watch?v=zPFpD0NOhbM&t=3s

Crypto players form lobby group to stave off a potential ban in India+Cryptocurrency exchanges see 5x jump in new users+more news Feb 21, 2021

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Here are the top cryptocurrency news headlines from India this week:
Cryptocurrency players form lobby group to stave off a potential crypto ban: https://economictimes.indiatimes.com/news/economy/policy/cryptocurrency-players-form-lobby-group-in-a-bid-to-stave-off-a-likely-ban-in-india/articleshow/81108603.cms ;
Crypto exchanges see up to 5x jump in new users: https://www.livemint.com/market/cryptocurrency/ban-talks-fail-to-deter-investors-crypto-bourses-see-up-to-5x-jump-in-new-users-11613733879190.html ;
Zebpay launches AAVE in its INR market;
CoinDCX lists NEM in its USDT market;
Bitbns updates bank account for INR deposits.
Reading Recommendation:
How India Legalizes Crypto: https://balajis.com/how-india-legalizes-crypto/

Indian crypto investors weigh options after reports of a crypto ban+Tesla’s Bitcoin investment sparks hope in India+more crypto news Feb 14, 2021

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Here are the top cryptocurrency news headlines from India this week:
Indian crypto investors weigh options after multiple reports of a blanket crypto ban: https://www.bloombergquint.com/business/indias-crypto-investors-weigh-options-ahead-of-impending-ban ;
Tesla’s Bitcoin investment sparks hope in India: https://www.youtube.com/watch?v=IiGDL8ysr9I&t=1s
CoinDCX announces global crypto-to-crypto trading platform Cosmex: https://www.cryptodost.io/exchange/coindcx-announces-cosmex-new-crypto-to-crypto-trading-platform-for-global-audience.html ;
High Court dismisses FIR filed against Unocoin co-founders: https://news.unocoin.com/?p=1104 ;
CoinDCX lists EasyFi’s EASY token on DCX Margin;
WazirX announces support for the QiSwap airdrop for QTUM holders

Government may take ordinance route for passing the Crypto Banning Bill+Union Minister fields crypto related questions in the Rajya Sabha Feb 07, 2021

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Support the India Wants Crypto Campaign: https://indiawantscrypto.net/
Support the India Wants Bitcoin Campaign: https://www.indiawantsbitcoin.org/
Here are the top cryptocurrency news headlines from India this week:
Government may take ordinance route for passing the Cryptocurrency and Regulation of Official Digital Currency Bill: https://www.youtube.com/watch?v=FL1IeX0cyoo ;
Minister of State for Finance Anurag Singh Thakur responds to crypto related questions in the Rajya Sabha: https://twitter.com/NischalShetty/status/1356546582804525058/photo/1 ;
Indian exchanges launch campaign against the crypto ban bill: https://www.coindesk.com/india-cryptocurrency-exchanges-campaign-regulation-ban ;
RBI Report says 342 Firms Offer Crypto Services in India: https://coincrunch.in/2021/01/31/rbi-report-says-342-firms-offer-crypto-services-in-india/ ;
Ministry of Electronics and Information Technology (MeitY) prepares draft framework for the use of blockchain technology in government services: https://indianexpress.com/article/business/it-min-suggests-blockchain-use-in-public-projects-7175027/ ;
Easyfi Network and WazirX introduced a new LP Staking program for EASY and WRX token holders;
Foodtech Startup SPRINK conducting a token sale on Bitbns’ Ascent platform;
Reading Recommendation:
Why India Should Buy Bitcoin: https://swarajyamag.com/economy/why-india-should-buy-bitcoin

India plans to introduce the Cryptocurrency and Regulation of Official Digital Currency Bill in the Parliament+More Crypto News Jan 31, 2021

Show notes

Here are the top cryptocurrency news headlines from India this week:
India plans to introduce the Cryptocurrency and Regulation of Official Digital Currency Bill in the Parliament: https://www.coindesk.com/indias-proposed-ban-of-private-cryptos-has-many-of-the-nations-investors-nervous
Jaideep Reddy's Tweet Thread: https://twitter.com/jrtechlaw/status/1355576711044243459?s=20 ;
Our analysis on whether India will ban cryptocurrency: https://www.youtube.com/watch?v=KVkYL6eiJkg&t=15s ;
WazirX lists EasyFi and CRV in its INR market and Link in its WRX market;
CoinDCX lists Trust Wallet Token in its BTC and USDT market;
Bitbns lists four new fixed income plans based on Bitcoin and Ethereum
Reading Recommendation:
How Much Bitcoin Do Celebrities Own?: https://blog.wazirx.com/how-much-bitcoin-do-celebrities-own/

Indian crypto exchanges see over 500% Volume Growth Post-BTC All-Time Highs+CoinDCX launches CoinDCX Go App+More Crypto News Jan 24, 2021

Show notes

Here are the top news headlines from India this week:
Indian crypto exchanges see over 500% Volume Growth Post-BTC All-Time Highs: https://bit2buzz.com/community/Crypto-Exchanges-in-India-Sees-Over-500-Volume-Growth-Post-BTC-ATH ;
CoinDCX launches CoinDCX Go App: https://www.coindesk.com/india-coindcx-exchange-cryptocurrency ;
User data suspected to be leaked from BuyUCoin exchange: https://coincrunch.in/2021/01/22/buyuccoin-crypto-exchange-hacked/ ;
Microsoft and Tanla Launch Blockchain-based Encrypted Messaging Infrastructure: https://www.coindesk.com/microsoft-indias-tanla-launch-encrypted-messaging-infrastructure-built-with-blockchain ;
Bitbns partners with decentralized gaming platform PlayCent: https://medium.com/bitbns/bitbns-x-playcent-collaboration-37442f5e90c4 ;
WazirX completes the third WRX burn event: https://blog.wazirx.com/wazirx-completes-3rd-quarterly-wrx-burn/ ;
Reading Recommendation:
How India’s cryptocurrency exchanges are countering dirty money: https://www.livemint.com/money/personal-finance/how-india-s-cryptocurrency-exchanges-are-countering-dirty-money-11610971368439.html ;

Indian crypto businesses seek clarity on regulation ahead of Budget 2021+CoinSwitch Kuber Raises $15 million+more crypto news Jan 17, 2021

Show notes

Here are the top cryptocurrency news headlines from this week:
Indian crypto businesses seek clarity on regulation ahead of Budget 2021: https://inc42.com/buzz/union-budget-2021-indias-crypto-startups-seek-clarity-on-taxes-more/ ;
CoinSwitch Kuber Raises $15 million in Series A Funding: https://coincrunch.in/2021/01/14/coinswitch-kuber-just-raised-15-million-in-series-a-funding/ ;
Lawsuit filed against IQ Option for allegedly perpetrating crypto scam: https://news.bitcoin.com/lawsuit-global-cryptocurrency-scam-india/ ;
Bengaluru Police Seizes 31 Bitcoins Worth INR 9 Cr From Jailed Hacker: https://inc42.com/buzz/bengaluru-police-seizes-31-bitcoins-worth-inr-9-cr-from-jailed-hacker/ ;
CoinDCX unveils the name, logo and litepaper of its new ETH2 liquid backed token Liqueth: https://blog.coindcx.com/the-litepaper-of-liqueth-lqth-coindcx-eth-backed-token/ ;
Unocoin featured in the "Top 100 Startups to Watch" in India list ;
WazirX lists DOGE and Polkadot in its INR market

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