Coins witch

The Indian government appears to have relaxed its plans to outright ban crypto, which was mooted earlier this year. Instead, the government is said to be in discussions to regulate the use of crypto in illegal transactions. With 10 million customers at present, the exchange has set a goal of onboarding 50 million Indians via new crypto products and services such as lending and staking. Federal Reserve Chairman Jerome Powell is giving investors another six weeks to envision a future where interest rates start to climb and its balance sheet dramatically shrinks. Expect a lot of swings in markets until then.

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Content:

• The Script Room crafts campaign for CoinSwitch Kuber
• Indian crypto exchange CoinSwitch Kuber valued at US$1.9 billion after fund raise
• Singapore-Based Crypto Exchange Vauld Lists 230+ Crypto Assets
• CoinSwitch Kuber raises $15 million from Ribbit Capital, Paradigm, Kunal Shah and others
• After WazirX, DGGI crackdown on Coinswitch Kuber, CoinDCX, BuyUCoin and Unocoin
• CoinSwitch Kuber Becomes 2nd Cryptocurrency 'unicorn' In India With $1.9 Billion Valuation

WATCH RELATED VIDEO: New Coins Listed on CoinSwitch Kuber -- Fantom (FTM), Chromia (CHR), Harmony (ONE) \u0026 KEEP Network

The Script Room crafts campaign for CoinSwitch Kuber

CoinSwitch, which competes with cryptocurrency platforms including WazirX and CoinDCX in India, has over 10 million users in the country with a monthly active user base of over seven million. The company added it was now the country's largest crypto asset platform. Reuters could not independently verify the claim. CoinSwitch said it would use the funds to onboard 50 million Indians on its platform and roll out new products.

Bengaluru-based CoinSwitch, founded in , was launched as a global aggregator of crypto exchanges. It started its India operations in June last year. India was set to present a bill to parliament by March this year that proposed a ban on cryptocurrencies, making trading and holding them illegal, but the bill was not tabled. Local media had also reported the government was looking to tax cryptocurrency trades and ecosystem in the country.

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Indian crypto exchange CoinSwitch Kuber valued at US$1.9 billion after fund raise

According to CoinSwitch, its riskometer feature provides a risk warning on coins that are highly volatile, or when the company feels that users need to proceed with caution while investing. The company also launched a feature called riskometer, which informs users about the degree of risk associated with investing in a particular coin. In the past 18 months, CoinSwitch, which is the largest crypto company in India with over 14 million users, has listed over 80 coins. Even as we cater to this demand, as a responsible exchange, we have built guardrails to protect our investors," said Ashish Singhal, chief executive officer and founder of CoinSwitch.

Singapore-Based Crypto Exchange Vauld Lists 230+ Crypto Assets

CoinSwitch, which competes with cryptocurrency platforms including WazirX and CoinDCX in India, has over 10 million users in the country with a monthly active user base of over seven million. The company added it was now the country's largest crypto asset platform. Reuters could not independently verify the claim. CoinSwitch said it would use the funds to onboard 50 million Indians on its platform and roll out new products. Bengaluru-based CoinSwitch, founded in , was launched as a global aggregator of crypto exchanges. It started its India operations in June last year. India was set to present a bill to parliament by March this year that proposed a ban on cryptocurrencies, making trading and holding them illegal, but the bill was not tabled. Local media had also reported the government was looking to tax cryptocurrency trades and ecosystem in the country. Dive into history: Gallipoli shipwrecks open to public.

CoinSwitch Kuber raises $15 million from Ribbit Capital, Paradigm, Kunal Shah and others

Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration. CoinSwitch, which competes with cryptocurrency platforms including WazirX and CoinDCX in India, has over 10 million users in the country with a monthly active user base of over seven million. The company added it was now the country's largest crypto asset platform. Reuters could not independently verify the claim.

After WazirX, DGGI crackdown on Coinswitch Kuber, CoinDCX, BuyUCoin and Unocoin

Cryptocurrencies saw a massive fall on January 21 after the US Federal Reserve's decision to hike rates by March spooked global markets. As general counsel, Chandra will be building a conducive legal framework for the business as crypto-asset adoption continues to grow. Speaking at the same event, Mrutyunjay Mahapatra, Member of the Governing Council of RBI Innovation Hub said that the systemic risk of denting political and social stability because of economic instability are creating concerns in the minds of the policymakers when it comes to cryptocurrencies. Industry experts and lawyers expect regulations to ensure better monitoring of crypto transactions and guidelines around penalties for fraudulent activities. Clarity is awaited on how crypto assets and related services will be taxed. The issue of curbing any non-transparent advertising on cryptocurrency trading was raised in the government meeting chaired by the Prime Minister and also in the meeting held between industry representatives and the Parliamentary Standing Committee on Finance.

CoinSwitch Kuber Becomes 2nd Cryptocurrency 'unicorn' In India With $1.9 Billion Valuation

CoinSwitch Kuber is a mobile cryptocurrency exchange platform exclusive to the Indian market. He also mentioned that there are projections of metaverse being worth trillions of dollars. Early adopters know that crypto is here to usher in an era of decentralisation. IndiaWantsCrypto He, however, is not the only crypto exchange founder to back metaverse. The CoinSwitch Kuber boss also said that he sees talent migration into crypto as an indication that the crypto community and technology are headed into the future. I see this as a signal towards where the crypto community and technology are headed in the future. The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Launched in as a global aggregator of crypto exchanges, the company began operations in India in June last year. Of this user base, 7 million are active users with a monthly transaction volume of Rs 15, crores. According to the company, average crypto investment is around Rs 9, per month per user, with investors in Tier- I cities making larger trades over smaller towns.

Check out our end of season subscription discounts with a Moneycontrol pro subscription absolutely free. Use code EOSO Click here for details. This story appears in the 31 December, issue of Forbes India.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group , which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights , which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG. Jamie Crawley. Jamie Crawley is a CoinDesk news reporter based in London.

Cryptocurrencies are decentralised digital assets operating on blockchain technology. There are more than cryptocurrencies out there, Bitcoin is the first cryptocurrency launched. Cryptocurrencies have surpassed almost all trading instruments in terms of returns. They are the go-to asset class, with around 11 million Indians trading in Cryptocurrencies.