BWA seeks to enhance collaboration among government entities, key industry stakeholders, and the burgeoning blockchain and crypto sectors, with the aim of advancing their growth and integration within the broader Indian economy.
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“This enhanced security is crucial in driving the adoption of crypto as an investable asset class,” states Zakhil Suresh, CEO at BitSave.
This marks a significant shift from previous rigid stances, contrasting with the RBI’s ongoing concerns over macroeconomic risks and fiscal stability.
Aside from his Bitcoin ETF holding, Tharoor’s affidavit shed light on his diverse investment portfolio, including overseas investments in equities, corporate bonds, certificate of deposits, options, and US Treasury Securities.
“The integration is a step closer to our mission to drive mass adoption of crypto, making it easy for people around the world to trade crypto,” states Bitget Managing Director, Gracy Chen.
The esports and influencer fandom platform offers gamers a unique opportunity to connect with their favorite personalities, fostering a sense of community and inclusivity within India’s gaming community.
The collaboration introduces advanced Liquidity Match technology, streamlining OTC crypto transactions in India. This integration promises to simplify INR transactions for a wide range of market participants, facilitating seamless trades with enhanced efficiency.
BitSave, managed by Casper Wealth Group, is known as the first retail crypto index fund tracking the Bloomberg Galaxy Crypto Index.
The FIU-IND recently issued show-cause notices to nine offshore crypto exchanges, including Binance and Kraken, for failing to comply with the Prevention of Money Laundering Act (PMLA). India has now reportedly suspended access to these offshore cryptocurrency exchanges.
It sends a clear message to offshore crypto exchanges that compliance with Indian law is not optional, and regulatory oversight in the cryptocurrency sector is here to stay.