The forward-looking financial system is being championed by several contributors to India’s UPI digital money system

India’s Financial Intelligence Unit moved to block the URLs of nine crypto exchanges

Gemini India aims to increase its workforce by 42% before the end of 2023

The crypto exchange database is expected to launch by the end of this fiscal year

Gemini highlighted India’s reputation as a talent hub for top tech companies as a key factor for establishing its presence in the country

Though global grassroots adoption is well off its all-time highs, the data shows relative strength in parts of Asia and Oceania, as well as in lower middle income countries

Coinbase said it will deactivate accounts not meeting new standards, but will allow users to update their information later

Prime Minister Narendra Modi stressed that the suggested framework should transcend national boundaries and blocs

The Reserve Bank of India reported that results of both digital rupee pilots have so far been satisfactory and aligned with expectations

“KYC norms are no longer a best practice but a legal obligation,” one tech lawyer said about India’s latest directive for the crypto industry

“The onus of deducting TDS has been on crypto exchanges or on the user (if using P2P or other means), but until now there was no penalty for non-deduction,” CoinSwitch’s CEO said

The central bank of India reckons cryptocurrencies pose a threat to financial stability and it’s pushing a CBDC as one potential fix

Blockworks joined crypto developers, Web3 venture capitalists and aspiring entrepreneurs caught up in Bengaluru at an event hosted by CoinDCX

The move highlights discord over behavior of WazirX developer Zanmai Labs, which claims Binance acquired its exchange

Binance CEO’s comments follow an investigation by India’s financial crimes regulator, accusing WazirX of evading authority oversight

India’s “first and only sustainable unicorn born out of India” has picked up considerable funding at a time when others firms face layoffs

Volumes on WazirX, ZebPay, CoinDCX, BitBNS have tumbled between 10% to 70% in the last seven days, data from CoinGecko shows

Companies are opting to relocate to destinations with friendlier tax codes, including Dubai and Singapore

CoinSwitch CEO Ashish Singhal told Blockworks prohibitive taxes are likely to unsettle investors

Investors in India can get exposure to cryptoassets through Grayscale’s investment products on Vested Finance

A16z-backed Indian crypto exchange launches the first rupee-based crypto benchmark index, which lists eight of the top assets by market cap

India is expected to release a consultation paper on cryptocurrency regulation with input coming via the World Bank and the IMF

Blockworks Exclusive: The startup, which runs on the Polygon blockchain, rolled out its own crypto wallet earlier this year

One tweet prompted Twitter users to click on a dubious link aimed at “holders of Azuki” and other NFTs in a “BEANZ” airdrop

Some fear India’s crypto tax, which took effect on Thursday, will cause the nascent industry’s companies to relocate offshore