CoinDCX Hatches a Million Dollar Plan to Reap Advantages of India’s Crackdown on Foreign Exchanges

CoinDCX Hatches a Million Dollar Plan to Reap Advantages of India’s Crackdown on Foreign Exchanges

ByNews Polite

Indian crypto exchanges are reaping the benefits of the government opening compliance investigations on foreign crypto exchanges like Binance and Kraken. Over the last week, Indian crypto exchanges recorded a massive inflow of deposits, that has now opened a competition amongst Indian exchanges. CoinDCX, that claims to have seen a…

India’s WazirX Sees 90 Percent Dip in Crypto Trading Volume Amid Regulatory Delays

India’s WazirX Sees 90 Percent Dip in Crypto Trading Volume Amid Regulatory Delays

ByNews Polite

WazirX disclosed the trajectory of its business this year only to give an insight into the slump spell that the crypto market is under as India awaits to complete regulatory deployments to oversee the sector. The Indian crypto trading platform, in 2023, managed to generate around $1 billion (roughly Rs….

CoinDCX Hatches a Million Dollar Plan to Reap Advantages of India’s Crackdown on Foreign Exchanges

India’s 1 Percent TDS on Crypto Transactions Needs to be Slashed to 0.01 Percent: Study

ByNews Polite

India, that has levied a one percent TDS on each crypto transaction, is again facing suggestions regarding a change in the law. In its latest study, Delhi-based think tank Esya Centre has advised the government to slash its 1 percent TDS on crypto transactions to 0.01 percent. In doing so,…

Bengaluru’s Crypto-Friendly Tea Seller Admits to Seeing No Profits on Earnings

Bengaluru’s Crypto-Friendly Tea Seller Admits to Seeing No Profits on Earnings

ByNews Polite

Bengaluru, the Silicon Valley of India, is a safe haven for techies and entrepreneurs looking to make it big in their respective industries. One of the biggest hosts to crypto-related firms and projects in India, Bengaluru now has a tea seller, who has begun selling ‘chai’ in return for crypto…