
7.3% Indians own crypto assets: UNCTAD
India ranks seventh on the UNCTAD list, below Russia, Ukraine, Singapore, Venezuela, Kenya and the US.
India ranks seventh on the UNCTAD list, below Russia, Ukraine, Singapore, Venezuela, Kenya and the US.
Changpeng Zhao claims that the WazirX acquisition deal was never closed.
RBI had observed digital currencies “will have a de-stabilising effect on the monetary and fiscal stability of a country”, due to their volatility, the FM said.
The carnage on Wall Street has impacted cryptocurrencies the most, with a number of them seeing a price erosion between 85% to 100% from their all-time highs.
It’s not possible to generate guaranteed returns from such a volatile asset class. Most such products are marketing ploys.
The idea is, says Rajagopal Menon of WazirX, that this asset class will be volatile because it is traded 365 days for 24 hours.
The crypto has tanked 64% after reaching an all-time high of around $69,000 in November 2021.
Entrepreneurs Dhruvil Sanghvi of LogiNext, Satish Vijayan of Nexdha Fintech, and Sharmin Ali of Instoried share ins and outs of their experience with crypto trading.
The new fund will invest in projects that can extend the use cases of cryptocurrencies and drive the adoption of Web3 and blockchain technologies.
Countries that chose to prohibit crypto can't succeed unless there is a global consensus around it, says DEA secretary Ajay Seth.