India
India UPI expanding services to Singapore
The eight-bank digital rupee pilot programme has processed 770,000 transactions.
Algorand Foundation Expands its Presence in India
Algorand worked with Hyderabad-based innovation hub T-Hub to assist companies access global financing.
Binance Bans WazirX From Using Its Services
Indian cryptocurrency exchange WazirX was given an ultimatum to withdraw incorrect assertions about Binance ownership or lose access to its wallets.
Reliance Retail accept digital rupee at one store
Reliance Retail has pledged to assist India's CBDC throughout its companies.
Hopes Dashed for India's Crypto Community
The Indian crypto community was upset that the budget did not address crypto, hoping for a 30% tax decrease.
The RBI will pilot retail CBDC in December
The RBI is planning to test the "digital rupee" in retail. Within a month, the pilot will debut. Digital rupees will augment the present payment system, not replace it. Each bank testing CBDC will utilize 10,000 to 50,000 people.
India’s WazirX Lays Off 40% Of Workforce, Triggered by Market Hardship
WazirX has joined the growing list of crypto firms reducing headcount amid the ongoing market crash
Neo-Banking Crypto Startup Juno Raises $18M in Series A Funding Round
The India’s neobank is seeking to use the funds towards accelerating its growth and launching more products.
Indian Finance Minister Urges Banks to Use Web3 Technology to Detect Fraud
Indian Finance Minister Nirmala Sitharaman called on banks to use technologies such as Web3 and AI to detect fraud and generate early warning signs at the 75th Annual General Meeting of the Indian Banks Association in Mumbai on September 18.
Crypto Traders Exodus from Indian Exchanges due to High Tax Rate
With Binance app downloads skyrocketing to 429K in August, traders are leaving Indian crypto exchanges based on a fallout triggered by a significant tax change.