India


Policy

Internet Shutdowns Cost India $2.8B in 2020: Report

A 2020 report by Top10VPN found India to be the country that suffered the most economic damage from internet disruptions.

Mumbai, India (Shutterstock)

Markets

India Mulls Imposing 18% Tax on Bitcoin Transactions

The move is viewed by some as a sign the Indian government is warming up to cryptocurrencies.

Indian rupee

Finance

Lending Platform Vauld Raises $2M to Grow Into a Full Crypto Bank

Vauld, formerly called Bank of Hodlers, raised $2 million in a round led by Pantera Capital to expand its crypto banking platform.

Bangalore, India

Finance

India's Leading Bitcoin Exchange Raises $13.9M From Block.One, Coinbase Ventures

India's largest cryptocurrency exchange, CoinDCX, has raised $13.9 million in a Series B funding round led by Block.one.

Ghansi Bazaar, India.

Policy

India's State-Led Payment Network Is Growing. Now Nation Wants to Export It

India’s state-led payments system, United Payments Interface (UPI), was first rolled out in 2016 and is currently used by 175 million people.

India

Finance

India's Banks Are Once More Serving Crypto Traders and Exchanges

Indian banks have started doing business with select cryptocurrency exchanges and their customers, CoinDesk has confirmed.

Mumbai, India

Markets

India’s State-Regulated Digital Payments Network Is Dominated by Google and Walmart

A shared payments infrastructure initiated by the state and joined by major Indian banks, the United Payments Interface (UPI) accounted for over 2.2 billion transactions in November.

Mumbai, India (Shutterstock)

Policy

India Plans to Tax Income From Bitcoin Investments: Report

The country's income tax authority is tracking investors making money amid the ongoing bitcoin price rally and is all set to demand taxes, two sources familiar with the matter told The Economic Times.

The Taj Mahal in Agra, India (Sylwia Bartyzel/Unsplash)

Policy

In India, a Clash of Digital Innovation and Internet Censorship

Among democracies, the Indian government tends to shut down the internet most frequently. Can crypto thrive in this environment?

(Danshutter/Shutterstock)

Finance

DefiDollar Raises $1.2M to Be the Risk-Insured Stablecoin Layer for DeFi

India-based DefiDollar has raised $1.2 million in a seed round led by Divergence Ventures, Standard Crypto and Accomplice.

dusan-veverkolog-mX2mdxhc0UM-unsplash