ARTH tries to maintain its value over time compared to other stablecoins that lose value as the dollar is inflated.
"Shreeki" allegedly hacked government portals, bitcoin exchanges and poker sites.
A 2020 report by Top10VPN found India to be the country that suffered the most economic damage from internet disruptions.
The move is viewed by some as a sign the Indian government is warming up to cryptocurrencies.
Vauld, formerly called Bank of Hodlers, raised $2 million in a round led by Pantera Capital to expand its crypto banking platform.
India's largest cryptocurrency exchange, CoinDCX, has raised $13.9 million in a Series B funding round led by Block.one.
India’s state-led payments system, United Payments Interface (UPI), was first rolled out in 2016 and is currently used by 175 million people.
Indian banks have started doing business with select cryptocurrency exchanges and their customers, CoinDesk has confirmed.
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.
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.
Among democracies, the Indian government tends to shut down the internet most frequently. Can crypto thrive in this environment?
India-based DefiDollar has raised $1.2 million in a seed round led by Divergence Ventures, Standard Crypto and Accomplice.
Cashaa is teaming with a credit cooperative society to provide cryptocurrency financial services at 22 branches in the north of India.
India's crypto businesses are proposing a regulatory sandbox to allow startups to grow while the nation builds rules around the nascent space.
Draper Associates is backing the round for the Bangalore-based cryptocurrency exchange, with $3.5 million raised so far.