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Tag: reserve bank

Coinbase Luring ‘Hundreds’ of Indian Engineers With $1,000 Crypto Bonuses

Cryptocurrency exchange Coinbase is planning a hiring spree in India, with new engineers receiving a one-time payment of $1,000 in crypto.

Virtual Banking: Bank Negara Malaysia Receives 29 Digital Banking License Applications, Up to 5 Will be Issued

Bank Negara Malaysia, the nation’s reserve bank, recently revealed that it received 29 different applications for a virtual bank license under the Financial...

Indian Authorities May Slap 18% Tax on Foreign Crypto Exchanges

Foreign cryptocurrency exchanges and bitcoin (BTC) trading venues in India may soon be required to start paying 18 percent goods and services tax (GST), according to an Economic Times report on July 2, 2021. India’s Crypto Future Looks Grim  Despite the fact that the supreme court of India has since overturned the bank’s ban on bitcoin
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Stablecoins under scrutiny: USDT stands by ‘commercial paper’ tether

Are stablecoins actually stable? Tether’s basket of reserve assets raises eyebrows as a new round of debate regarding backing begins.

Crypto Exchanges in India Struggle with Limited Banking Access

Bitcoin at the Gate of the RBI Bank
Bitcoin at the Gate of the RBI BankShunned by commercial banks, Indian crypto exchanges are dealing with major operational hurdles amid a lack of clear-cut regulations by the government. Peer-to-peer trading remains the order of the day and exchange operators say the risk of fraud in alternative trading rails remains high. Crypto Exchanges Out in the Cold According to a report by
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India’s central bank says growing presence of Big Tech in financial services a concern

India’s central bank has identified Big Tech’s push into financial services as a challenge for banks in the South Asian market, saying the...

Indian Crypto Exchanges Struggling with Viable Payment Solutions

Indian crypto exchanges are still struggling to secure viable payment solutions after banks and payment gateways have cut off ties with them.

USDC Stablecoin Will Soon Expand to 10 More Blockchain Networks

USD Coin(USDC) could soon become available on 8 to 10 more blockchain networks in the largest expansion for the $25 billion stablecoin.

Cryptocurrency Investment in India Grow up Nearly 20% Amid Regulatory Hostility

India is leading the way in cryptocurrency investment over the past 12 months, despite tough regulatory threats in the country. Investment in digital currencies began to rise in the middle of last year (2020) as the Kovid 19 pandemic spread at a rapid pace.

Digital Banking: Philippines based Fintech Voyager Innovations Secures $176M from PLDT, Tencent, Others

Philippines-based digital and financial services company Voyager Innovations has secured $167 million in capital for its expansion program, which includes a venture into...

India Sees 200-fold Increase In Crypto Investments Over The Last 12 Months

In India, nationwide investments in digital assets have increased by 19,900%, according to a recent Chainalysis report. Bloomberg suspects Indians might ditch Gold for Crypto Although the Chainalysis blog article was already published on June 7, Bloomberg has now picked up the story, in an article titled ‘Even Gold-Obsessed Indians Are Now Pouring Billions Into […]

The post India Sees 200-fold Increase In Crypto Investments Over The Last 12 Months appeared first on CryptoCoin.News.

U.S. Federal Reserve Discusses Crypto With Market Experts

The U.S. Federal Reserve recently had a meeting with financial market experts discussing the rising popularity and appreciation of crypto.

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