Indian digital currency sector sees slowdown in startup funding: PwC
A report by PwC shows revealed that funding in Indian startups dipped 40% in Q2, with digital currency startups feeling the most heat as funds dry up.
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India’s economic crime agency questioning digital asset exchanges: report
The Directorate of Enforcement has been questioning executives at CoinSwitch Kuber, CoinDCX, and WazirX regarding violating foreign exchange regulations.
CoinDCX: Restricted withdrawals will strengthen compliance and risk framework
The notice comes after users took to social media to decry the lack of explanation for the suspension of withdrawals on the digital currency exchange that had been noticed since May.
India digital currency regulations aftermath: Frozen payments, Bitcoin brain drain, traders’ woes and more
Investors and traders are bearing the strict regulations on digital currency in India—with some transferring their digital currencies to overseas wallets and opening accounts abroad.
Indian teens turn to digital currency investments to beat pandemic blues
Indian teens are taking an unusual approach to beat the pandemic by investing in digital currency—fueling the digital currency market, which stood at $6.6B last year
CoinDCX raises $90M to become India’s first digital currency unicorn
It intends to use the funds to grow its customer base and launch new products as it continues to compete with WazirX, the other major exchange in the country.
OKEx CEO: P2P platform an ‘important fiat on-ramp’ in India
The platform will allow the users to buy digital currencies in the Indian rupee at zero fees, OKEx CEO Jay Hao tells CoinGeek.
CoinDCX discusses state of Indian market as possible ban looms
The Indian government has reportedly been considering a total ban on digital currencies, but as CoinDCX told CoinGeek, the best way forward is proper regulation.
94% of Indians bought digital currency before ban was lifted: survey
India has been supporting digital currencies despite the banking ban that stifled the industry, with a Paxful report revealing 94% invested before it was lifted.
Indian exchange BuyUCoin expands to Estonia
BuyUCoin exchange is expanding to Estonia after obtaining the two licenses required to operate in the country. It also partnered with local mobile payments firm.
Indian exchange CoinDCX raises $3M Serie A funding
CoinDCX has raised $3M in Serie A funding, led by Polychain Capital and HDR Group, the operator of BitMEX. It plans on expanding and doubling its staff.
CoinDCX exchange investing $1.3M in crypto education
CoinDCX exchange is investing $1.3 million in TryCrypto, a campaign geared towards educating Indians about crypto, just a week after crypto ban was lifted.