A foreign resident of Abu Dhabi is facing jail time after his crypto investments from a $100K loan in 2017 tanked and he can no longer afford the payments. A former Etihad Airlines flight attendant says he faces up to three years in jail in the United Arab Emirates (UAE) for being unable to make […]
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Several factors make India the hallmark country for crypto adoption. Experts, however, agree that several challenges still stand in the way. Over the past few months, India’s cryptocurrency market has continued to be in a constant state of flux. From crypto bans imposed by the country’s central bank to a historic ruling by its Supreme […]
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During a recent AMA, Cardano’s Charles Hoskinson described cryptocurrency as inherently political, urging the crypto community to rally against efforts to stifle the space. Charles Hoskinson, the creator of Cardano (ADA), has described participating in cryptocurrency as an inherently political act. Speaking during an impromptu ask-me-anything on YouTube, Hoskinson asserted that crypto-driven fundamental disruptions to […]
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The global regulatory landscape is tightening for crypto ATM operators. Experts predict that Bitcoin ATMs (BATMs) will face stricter regulations worldwide, with countries including Canada and Germany already moving to tighten up anti-money laundering requirements. A June 2 report from CipherTrace estimates that 74% of transactions made from U.S.-based Bitcoin ATMs were sent out of […]
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ZebPay teams up with Chainalysis to monitor transactions in India as the firm re-expands services in its home country. Major Indian cryptocurrency exchange and wallet provider Zebpay has commissioned blockchain forensics firm Chainalysis to monitor transactions executed across its platforms in India. The move comprises an expansion in the partnership between Chainalysis and ZebPay, with […]
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Here are the legal resources available to Indian crypto users and businesses if a bank has declined services out of cryptophobia. In a recent response to a Right to Information query, the Reserve Bank of India, the Indian central bank, has stated that there is no prohibition on banks to provide bank accounts to cryptocurrency […]
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Telegram CEO Pavel Durov donates 10 BTC to a Russian charity project backed by a local political activist. Pavel Durov, founder and CEO of popular messaging app Telegram, has purportedly resumed his charity activity soon after terminating Telegram’s blockchain project. Known for philanthropic activity, including a $1 million donation to Wikipedia, Durov has donated 10 […]
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New funding from CoinFund will help Delta establish a further presence in the Indian market. Crypto derivatives exchange Delta Exchange has announced a new injection of funding from blockchain investor CoinFund, aiming to provide strategic resources for both parties in their focus to expand in India. According to the announcement, New York-based firm CoinFund looks […]
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RBI’s recent response to an information request shows that Indian banks are not prohibited from dealing with cryptocurrency business. India’s central bank, the Reserve Bank of India, seems to finally be clarifying its stance on financial services for cryptocurrency-related businesses. In response to a right to information request, the RBI clarified that there are no […]
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The $2.5 million investment in India’s largest crypto exchange comes from Polychain Capital and Coinbase Ventures. CoinDCX, India’s largest cryptocurrency exchange, announced that it had raised $2.5 million from investors including Polychain Capital and Coinbase Ventures, the investment arm of crypto exchange Coinbase. The investment comes shortly after the exchange’s Series A funding round in […]
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