Demand for bitcoin is up in India, thanks in part to the economic crisis. But Indian tech startups are more focused on Ethereum.
India's crypto industry shows potential, but it continues to be held back by a lack of regulatory clarity, particularly around exchange-banking relationships.
Binance and the Internet and Mobile Association of India (IAMAI) say they'll work to implement industry best practices in the Indian crypto market.
Talk that India might be considering a new ban on crypto may be premature, said exchange founders and startup CEOs working in the sector.
Matic, a sidechain scaling solution for Ethereum, has deployed the first 10 nodes of its mainnet after several years in development.
Indian firms Tech Mahindra and Idealabs will offer curated professional certification courses on blockchain.
Adani Ports and Special Economic Zone is set to utilize the IBM-Maersk platform to speed up processes after COVID-19 highlighted issues with the existing system.
India's commercial banks can indeed provide banking services to traders and firms dealing in cryptocurrencies, the RBI has clarified.
India's largest crypto exchange, CoinDCX, has secured a $2.5 million strategic investment led by Polychain Capital with support from Coinbase Ventures.
One of the oldest crypto custodians, BitGo has started securing crypto assets at India's largest exchange by trade volume, CoinDCX.
Agtech startup Agri10x is working with India's government to better connect small-scale farmers to global buyers, using blockchain to cut out the middleman.
A nationwide coronavirus lockdown, a local banking crisis and a favorable court ruling have created a trifecta for crypto trading volumes in India.
The funding round comes just weeks after the Supreme Court overturned the country's banking ban.
Tim Draper plans to back local startups now the Indian supreme court has overturned a ban on financial services for crypto companies.
Binance and WazirX plan to donate up to $50 million to Indian blockchain startups after the Supreme Court lifted a central bank ban on financial services for these firms.