crypto in India

Binance and WazirX sets up $50M

Binance & WazirX Sets Up $50M Indian Blockchain Fund to Foster Growth

Global decentralized cryptocurrency exchange Binance Group and WazirX are going to share the same stage to foster the growth of the Indian startup ecosystem. The collaboration has set up a $50 million (Rs 370 Crore) blockchain technology fund for India weeks after the Supreme Court struck down the curbs on cryptocurrency trade in the country. […]

some indian banks are still refusing to process crypto transactions

Some Indian Banks are Still ‘Arbitrarily’ Refusing to Process Crypto Transactions

Earlier this month, India’s Supreme Court delivered its verdict in a landmark case that promised to usher in a bullish era for cryptocurrency in the country. The apex court ruled to overturn a circular from the Reserve Bank of India (RBI) – issued back in April 2018 – which had banned banks’ services to all […]

RBI plans to file review petition

RBI to File a Review Petition on Supreme Court’s Crypto Decision

India’s central bank, Reserve Bank of India (RBI), is planning to file a petition against the recent landmark judgment made by the apex court that nullified the controversial banking ban it imposed on companies transacting in cryptocurrencies. According to a report by The Economic Times on 6th March, the RBI is worried that the court’s […]

Indian crypto exchanges resume fiat services 24hrs after SC ruling

Indian Crypto Exchanges Resume Fiat Services 24Hrs After SC Ruling

Major Indian crypto exchanges Unocoing and WazirX have resumed fiat deposits less than a day after the Supreme Court quashed restrictions on banks’ services to crypto firms in the country. Unocoin, which claims to have been the first entrant into the Bitcoin space in India since its founding in 2013, has been described by local […]

HDFC Bank Warns Crypto Users

HDFC Bank Warns Crypto Users in India: May Freeze Accounts Soon

Indian bank HDFC is rolling out warning e-mails for its customers who are dealing with cryptocurrency. According to a Twitterati, a number of bank customers have been getting mail regarding suspicious transactions of cryptocurrencies. The mail directs the user has to visit the nearest HDFC branch and clarify the particular transaction(s). HDFC Bank warns crypto […]