In a letter to investors, BlackRock CEO Larry Fink highlighted the benefits of digital assets and said developing nations like the U.S. are lagging behind in innovation.
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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The similarity in the short forms of the two banks — SVB and SVC Bank — caused a mixup among a few Indian citizens as they took up the concern with the Mumbai-based bank.
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Elizabeth Warren and Sherrod Brown didn’t miss a chance to attack the crypto industry after bank failures.
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The operators must store the transactions’ data for ten years and pass it to regulators on demand.
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Blockchain technology is empowering women in developing countries with financial freedom and improved access to social inclusivity and growth.
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In addition to offline functionality, RBI is gauging CBDC’s potential for cross-border transactions and linkage with legacy systems of other countries.
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A series of recommendations and papers setting standards for a global crypto regulatory framework will be released by the institutions in July and September.
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India’s finance minister called for a coordinated effort “for building and understanding of the macro-financial implications,” which could be used to build global crypto reforms.
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One of the banking partners in the cross-border remittance service is also part of the government’s CBDC program.
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Following men’s cricket, the Board of Control for Cricket in India (BCCI) prohibits women’s teams from having commercial associations with crypto businesses.
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The central bank of India wants to proceed with CBDC testing in the smoothest way possible, deputy governor Rabi Sankar said.
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Algorand has partnered with several educational institutions and schools to create programs for faculty members, students and businesses looking to jump into Web3.
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Nirmala Sitharaman hopes that finance ministers and central bank governors can agree on crypto regulations at the G20 meeting in Bengaluru later this month.
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According to the announcement, WazirX has until the end of the day UTC on Feb. 3 to withdraw all remaining funds it stores in Binance wallets.
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Reliance Retail has implemented support for the digital rupee in its gourmet store line Freshpik.
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