A new Microsoft report states that India encounters the second-highest number of cryptojacking incidents in the APAC region.
India, or Republic of India, is a federal state in South Asia. It is the second-largest country by population after China and the seventh-largest by territory in the world. India has a developing mixed economy, which is the world’s sixth largest in terms of nominal GDP. In India, cryptocurrency payments are becoming more and more popular among its citizens. Currently, the government is developing regulations for operations related to virtual currencies. It is aimed to protect investors and users, prevent money laundering, control the taxation of transactions, etc. Besides that, according to the Indian Minister of Finance, the authorities are concerned about digital currencies’ volatility and anonymity and are considering banning all payments in cryptocurrency. Nevertheless, the future of using cryptocurrency in India remains uncertain.
Blockchain.com’s head of research Garrick Hileman discusses the interest of Indian banks in the crypto space.5313
Indian Prime Minister Narendra Modi has publicly endorsed blockchain as an investment opportunity.22177
Numerous emerging crypto markets are showing dramatic growth in P2P trade, with India and Ghana producing enormous growth during 2020.3170
As 336 BTC get stolen from crypto-friendly bank Cashaa, there is still no clear explanation for what happened.11829
In this week’s newsletter, we look at a series of developments that test the limits of governmental authority over crypto, as well as the contest with social media.2205
For the first time, the former Finance Secretary of India who proposed a blanket ban on cryptocurrencies discussed digital assets with industry leaders.12505
Cryptocurrency exchange Cashaa said hackers took 336 bitcoin from one of its wallets. The company has stopped all crypto-related transactions.22868
Matic to release a “Large Scale Developer Initiatives” program to strengthen mainnet adoption.2144
One of India’s largest farmer producer organizations plans to use blockchain to help farmers receive higher pay.3821
Crypto businesses keep showing interest in the Indian market by attracting users through products like mobile apps.5372
The CEO of CoinSwitch shares his insights about the possibility of a cryptocurrency blanket ban in India.5192
Indian banks are reluctant to work with crypto firms, even though RBI clears the air.9852
Regions of the world with fast-growing economic potential and young populations, such as India and Africa, will become leaders in crypto adoption.4441
Major cryptocurrency firm Ripple released a set of recommendations for Indian lawmakers to legalize cryptocurrencies.7649