As Cashaa launches crypto banking services in India, the cryptocurrency industry continues to grow despite uncertain regulations.
India-based DefiDollar has raised $1.2 million in a seed round led by Divergence Ventures, Standard Crypto and Accomplice.
The new venture will reportedly include 34 “physical branches and operations” in northern India.
India’s crypto businesses are proposing a regulatory sandbox to allow startups to grow while the nation builds rules around the nascent space.
A 36-year-old man from Kerala was arrested under charges of cryptocurrency fraud.
“Learn about simple, secure Bitcoin,” the ads state.
‘Disappointing to see India flip-flop on crypto,’ Garlinghouse stated.
The Indian tech giant will offer blockchain solutions built on Amazon-managed blockchain.
Since it’s similar to other financial assets, India should legitimize bitcoin by regulating it like a corporate stock, according Deepak Kapoor.
Prime Minister Narendra Modi has become the latest victim of a Twitter hack undertaken to trick social media users into sending crypto to the attackers.