Cryptocurrencies won’t be accorded the status of legal tender: Indian Gov
While it’s a mild setback that crypto isn’t a legal tender, there’s still hope as the Centre, despite prohibiting private crypto coins, allows certain exceptions
Category: Blockchain
India to prohibit private crypto coins with ‘certain exceptions’
Local crypto currency exchanges are also growing exponentially. CoinDCX, backed by B Capital, and CoinSwitch Kuber, backed by a16z and Coinbase Ventures, became unicorns this year.
Global bank Citi to hire 100 people for new digital asset unit
The bank will hire 100 roles across its institutional clients group (ICG) and associated functions to develop its capabilities in these areas
Japan’s biggest banks plan blockchain payment using digital currency
Separate groups are exploring several use cases, including electric power P2P trading, security tokens, retail payments, industrial settlements, regional coins, and NFTs