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In its latest Financial Stability Report (FSB), the central bank said that crypto assets are highly volatile

India mulls prohibiting unbacked crypto assets in its G20 presidency

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RBI suggests a common approach to crypto assets to avoid financial risks Under India's G20 presidency, one of the priorities is to develop a framework...
The researchers tracked 6,656 crypto coins, and only 2.30 percent of these cryptocurrencies were categorized as having a good liquidity

Amid high volatility, only 2% of cryptocurrencies have ‘healthy’ liquidity, finds study

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Almost 90% of cryptocurrencies have a low trading volume As major crypto exchanges like FTX go bankrupt amid high volatility, almost 90 percent of cryptocurrencies...
The instant loan apps, the part-time job offers, and the crypto trading fraud, all of them are being operated by the same hackers from China

UP Police unearths Rs.4,200 cr online frauds, crypto trade, Insta Loan Apps linked to...

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UP Cyber Crime Wing cautions users against Instant loans, job offers on SMS The Uttar Pradesh Police's Cyber Crime Wing has unearthed pan-India frauds to...
The UN trade and development body UNCTAD says that in 2021, developing countries accounted for 15 of the top 20 economies when it comes to the share of the population that owns cryptocurrencies

In India, 7.3% of the population owned digital currency in 2021, the Seventh highest...

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Global use of cryptocurrencies has increased exponentially during Covid pandemic, says a report Even after the repeated warning from the Reserve Bank of India (RBI)...
Mumbai-based crypto exchange WazirX was on ED’s radar for the past year and got an Rs.2,790 cr worth of show cause notice for alleged contravention of the FEMA

ED freezes Rs.64-cr funds of India’s major crypto exchange WazirX for money laundering

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ED conducts raids on director of WazirX crypto exchange, freezes assets worth Rs.64 crore The Enforcement Directorate (ED) on Friday said it has frozen Rs.64.67...
The RBI noted that the growing threat of the crypto-assets ecosystem warrants drastic approaches by national authorities

RBI slams unbacked crypto assets, stablecoins, DeFi and crypto trading platforms

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RBI underscores need for regulatory guardrails to ensure financial stability and consumer, investor protection The Reserve Bank of India (RBI) has come down heavily on...
Gates said he rather preferred investing in assets with tangible outputs, like farms or factories

Bill Gates says he holds no position in cryptos, NFTs

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NFTs, cryptos are '100% based on greater fool theory': Bill Gate Tech billionaire Bill Gates has said that he holds no position in crypto currencies...
Since Q1 2022, the macroeconomic environment has shifted dramatically, sparking a dramatic pullback in equity and crypto markets

BlockFi & Crypto.com lay off hundreds of employees as coins slump

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As global crypto market batter, BlockFi and Crypto.com lay off hundreds of employees After the global crypto market was battered owing to a "dramatic shift"...
Celsius Network had last year raised $750 million in funding and is a significant player in crypto lending

Crypto firm Celsius freezes all transfers, withdrawals between accounts

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Crypto currencies tumble as lending platform Celsius blocks withdrawals Crypto currency lending firm Celsius Network will pause withdrawals and transfers between accounts due to "extreme...
A lot of consultation has been done from both domestic and other participants, Seth said on the sidelines of an event organized by the Finance Ministry

India finalizing consultation paper on cryptocurrencies: Economic Affairs Secretary

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Centre drives close to putting together its cryptocurrency consultation paper; will submit soon The Government of India will soon finalize a consultation paper on cryptocurrencies...
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