Binance and nine foreign crypto exchanges were blocked in India over non-compliance with local AML regulations.
India News
India today is no stranger to the concept of Bitcoin (BTC) and cryptocurrency. Home to over 1 billion people, the South Asian country touts a population rivaling that of China. India, officially known as the Republic of India, is the second-largest country by population after China. The industry of cryptocurrency in India today still shows a country that is uncertain about the asset class.
In India, government bodies have discussed the country’s stance on cryptocurrencies for years. Although headlines have mentioned various possible cryptocurrency-related bans and regulatory moves — with people often asking, “Is Bitcoin legal in India?” — the country has yet to officially outlaw crypto on the whole. Companies focused on digital assets could not work with banks for a time, thanks to a 2018 ruling from the Reserve Bank of India, or RBI — the country’s central bank — but those restrictions were removed in 2020.
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Starbucks is pulling the plug on its NFT rewards program, shutting down its Discord server and transitioning its marketplace.
1723Wifi Dabba, an Indian internet service provider, is launching a second round of its DePIN-powered devices on the Solana network to bridge the digital divide and connect millions to the internet.
1472The Indian Railway Catering and Tourism Corporation will provide train tickets in the form of NFTs to the passengers of two newly launched semi-high-speed trains.
5849The Indian stock market has been operating on a T+1 settlement cycle since 2021, which implies that all stock trades are settled the following day.
2560The announcement comes after Google pulled its artificial intelligence image generation tool in February following controversies, including historical inaccuracies and contentious responses.
7396Through the IndiaAI Mission, India aims to democratize access to computing power and support nationwide AI development.
4192The new-age high school humanoid teacher is equipped with an Intel processor and a dedicated coprocessor to provide personalized learning experiences to students.
6237India primarily makes use of three blockchain platforms for the development of the products — Hyperledger Fabric, Hyperledger Sawtooth and Ethereum.
5917The Indian government has issued a new advisory that warns tech companies developing new lab-level AI tools that they need approval prior to public release on the internet.
2384India banned crypto exchanges that didn’t comply with FIU guidelines, but market experts point to a lack of regulatory clarity and high taxation, forcing crypto traders to rush to foreign exchanges.
2227The Mumbai Metropolis Metaverse will help citizens virtually monitor the progress of the megaprojects around the city that impact their day-to-day lives.
3157The price of Worldcoin’s WLD token has surged 141% in the past seven days as the firm notched a daily active user milestone.
13740In addition to partnering with Indian startup Sarvam AI to build on its Azure AI models, Microsoft also committed to providing AI skills to 2 million Indians by 2025.
1562Uptake in rural and urban areas with little or no internet connectivity could be boosted by introducing offline solutions.
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