India

Škoda Auto India launches the Škoda Gearheads community, offering exclusive benefits to car enthusiasts nationwide. The program integrates Polygon PoS for seamless transactions and NFTs for dynamic memberships on the Škodaverse India platform Škoda Auto India has again showcased its commitment to innovation and customer engagement by introducing the Škoda Gearheads community. This unique membership program, unveiled alongside other digital initiatives, aims to unite automobile enthusiasts nationwide under one roof. The Škoda Gearheads community is more than just a membership…

One of the leading cryptocurrency exchanges, KuCoin, announced its latest groundbreaking milestone as it became India's first FIU-compliant global crypto exchange. The news follows just days after fellow exchange OKX announced it would retire its services in India.  KuCoin, one of the leading crypto exchanges, ranked in the top seven worldwide, announced in a press statement its groundbreaking milestone as the first FIU-compliant global crypto exchange in India.  KuCoin Secures Its Regulatory Status While OKX Retreats The exchange’s announcement marks…

Cryptocurrency exchange OKX will reportedly terminate its services in India. The exchange advised customers to close their positions by April 30.  Due to local regulations, crypto exchange OKX will no longer offer its services in India. The exchange told its customers to close their positions by April 30, 2024. After the indicated date, customers may only withdraw funds from the exchange.  India Flags Numerous Exchanges for Operating Illegally According to a report by TechCrunch, crypto exchange OKX told its customers…

The crypto industry is growing rapidly in India, with new companies like WazirX entering the market. WazirX is a P2P exchange that allows users to buy and sell cryptocurrencies without going through a third party.  This review will analyze how WazirX is currently leading the way in the Indian crypto market growth. What Is WazirX? WazirX is a crypto exchange allowing users to trade cryptocurrencies. It also allows users to store their cryptocurrencies in the WazirX wallet. WazirX’s concept came…

According to a recent NFT research, India ranks first among 26 countries on the basis of play-to-earn (P2E) gaming adoption. Indian Players Outnumber Hong Kong's and UAE's As per the survey, approximately 34% of respondents in India have experience with play-to-earn games. To be clear, play-to-earn games are blockchain-based games in which players receive incentives with real-world value. Since the outbreak of the pandemic and the rise of the work-from-home culture in India, the popularity of P2E games has soared.…

Pakistan's authorities consider a complete ban on crypto after a scandal that cost thousands of investors $100 million. A committee headed by the bank's deputy governor recommended a complete ban on crypto. On Thursday, Sima Kamil, deputy governor of the State Bank of Pakistan (SBP), submitted the findings to the provincial court. After a careful risk-benefit analysis, it emerged that risks of cryptocurrency far outweigh its benefits for Pakistan. The committee cited concerns over the balance of payments, losses to…

India's crypto future remains uncertain. Crypto remains a heated topic in India as the new bill appears to be delayed again. The bill is listed for the winter session of the Parliament, which will end on Dec. 23. It is unlikely that the bill will pass by that time. Moreover, a similar statement was also listed for earlier sessions this year. The government is reportedly considering more changes to the proposed bill. However, sources also cited needing more time to…

The Twitter account of Indian Prime Minister Narendra Modi was a target of a hacker attack on Sunday. Hackers gained access to the history and posted a tweet about Bitcoin: India has officially adopted bitcoin as legal tender. The government has officially bought 500 BTC and is distributing them to all residents of the country The tweet came amid a debate on crypto regulation in India. Just a few months ago, it seemed that India was about to ban crypto.…

India may issue a blanket ban on all cryptos, statements from top officials indicate. However, the government is drafting a new bill that would allow for the private use of cryptos. Just last week, the country introduced a Cryptocurrency and Regulation of Official Digital Currency Bill 2021. The bill spooked investors, as it was identical to the draft of the 2019 bill to ban crypto. The bill wrote that it intended to "create a facilitative framework" for India's official digital currency. To…