India

Left to right: Vimal Sagar, co-founder and chief operating officer; Govind Soni, co-founder and chief technology officer; Ashish Singhal, co-founder and CEO (CoinSwitch Kuber)
Indian Crypto Exchange CoinSwitch Cuts Support Team, Citing Market Doldrums
The firm laid off 44 employees from the team, which still has 82 members.
Left to right: Vimal Sagar, co-founder and chief operating officer; Govind Soni, co-founder and chief technology officer; Ashish Singhal, co-founder and CEO (CoinSwitch Kuber)

Indian billionaire Mukesh Ambani (YouTube
Indian Billionaire Mukesh Ambani's Firm Will Explore Blockchain Platforms and CBDCs
India has already made significant progress towards a wholesale and retail CBDC even though a full-scale launch is awaited.
Indian billionaire Mukesh Ambani (YouTube

Indian Crypto Exchange CoinDCX Is Slashing 12% of Jobs Amid Bear Market, Crypto Taxes
Indian Crypto Exchange CoinDCX Is Slashing 12% of Jobs Amid Bear Market, Crypto Taxes
One of India's most prominent cryptocurrency exchanges, CoinDCX, is cutting about 12% of its staff as the prolonged bear market and India's tax policies hit revenue. CoinDesk...
Indian Crypto Exchange CoinDCX Is Slashing 12% of Jobs Amid Bear Market, Crypto Taxes

From left: Sumit Gupta (Co-founder & CEO), Neeraj Khandelwal (Co-founder), Gaurav Arora (Sr. Vice President), Vivek Gupta (EVP Engineering). (CoinDCX)
Indian Crypto Exchange CoinDCX Is Cutting 12% of Jobs as Bear Market, Taxes Take Their Toll
The number of employees losing their jobs is 71 out of some 590.
From left: Sumit Gupta (Co-founder & CEO), Neeraj Khandelwal (Co-founder), Gaurav Arora (Sr. Vice President), Vivek Gupta (EVP Engineering). (CoinDCX)

Indian Finance Minister Nirmala Sitharaman (right) ahead of India’s G20 Presidency with U.S. Treasury Secretary Janet Yellen. (Indian Finance Ministry)
G20 Set to Crystalize Global Crypto Rules as India Wraps Up Presidency
G20 nations, supported by the FSB and IMF under India’s presidency, are set to bring into implementation perhaps the first global crypto regulations ahead of the Leaders’ Summ...
Indian Finance Minister Nirmala Sitharaman (right) ahead of India’s G20 Presidency with U.S. Treasury Secretary Janet Yellen. (Indian Finance Ministry)

India explores using crypto tokens to digitally sign documents in its indigenous web browser.(Unsplash)
India Wants to Use Crypto Tokens to Digitally Sign Documents
The browser envisions the ability to digitally sign documents using a crypto token, bolstering secure transactions and digital interactions and support Web3.
India explores using crypto tokens to digitally sign documents in its indigenous web browser.(Unsplash)

(L-R) Shaktikanta Das, Governor, Reserve Bank of India and Nirmala Sitharaman, Indian Finance Minister at the G20 Annual Meetings, in October 2022. (Indian Ministry of Finance)
G20 President India Publishes Its Input for Framing Global Crypto Rules
India's presidency note on crypto is an effort to have its suggestions included in the framing of global crypto rules.
(L-R) Shaktikanta Das, Governor, Reserve Bank of India and Nirmala Sitharaman, Indian Finance Minister at the G20 Annual Meetings, in October 2022. (Indian Ministry of Finance)

(L-R) Shaktikanta Das, Governor, Reserve Bank of India and Nirmala Sitharaman, Indian Finance Minister at the G20 Annual Meetings, in Washington DC in October 2022. (Indian Ministry of Finance)
G20 Nations Welcome FSB's Tougher Crypto Rules, Says Presidency Holder India
On Monday, international standard-setter FSB called for tougher rules on safeguarding crypto clients’ assets.
(L-R) Shaktikanta Das, Governor, Reserve Bank of India and Nirmala Sitharaman, Indian Finance Minister at the G20 Annual Meetings, in Washington DC in October 2022. (Indian Ministry of Finance)

Reserve Bank of India (Shutterstock)
Stablecoins Pose 'Existential Threat' to Policy Sovereignty, Says India Central Bank Official: Report
"If large stablecoins are linked to some other currency, there is a risk of dollarization," RBI Deputy Governor Rabi Sankar has said.
Reserve Bank of India (Shutterstock)

Nischal Shetty’s Blockchain Startup Shardeum Raises $5.4M in Latest Funding Round
Nischal Shetty’s Blockchain Startup Shardeum Raises $5.4M in Latest Funding Round
Shardeum recently raised $5.4 million in strategic funding. The layer 1 blockchain was co-created by Nischal Shetty, who is also the co-founder of WazirX, India's largest cryp...
Nischal Shetty’s Blockchain Startup Shardeum Raises $5.4M in Latest Funding Round