The 1% TDS on digital asset transactions has provoked “an exodus of users, funds and trades to offshore platforms,” according to a study by Esya Centre.
The 2023 Global Crypto Adoption Index report from Chainalysis shows that South and South-East Asia are leading the way in grassroots crypto adoption. Countries with low-mid income tend to show a higher level of adoption.
For all the key details of new blockchain projects in the banking world, real-world asset (RWA) tokenization, and central bank digital currency (CBDC) updates, the Observers 'Banking and CBDC Roundup' has you covered.
Fresh from launching a crypto custody platform in November, Germany's DZ Bank now
For all the key details of new blockchain projects in the banking world, real-world asset (RWA) tokenization, and central bank digital currency (CBDC) updates, the Observers 'Banking and CBDC Roundup' has you covered.
Fresh from launching a crypto custody platform in November, Germany's DZ Bank now
The 1% TDS on digital asset transactions has provoked “an exodus of users, funds and trades to offshore platforms,” according to a study by Esya Centre.
The 2023 Global Crypto Adoption Index report from Chainalysis shows that South and South-East Asia are leading the way in grassroots crypto adoption. Countries with low-mid income tend to show a higher level of adoption.
In the 34th AGM of Reliance Industries, Indian billionaire Mukesh Ambani announced the strategic plans of his company’s newly listed financial arm - Jio Financial Services (JFS).
India is one of the biggest cryptocurrency markets in the world. However, the authorities' wait-and-watch approach to crypto regulation risks leaving the country behind as other countries tap into the sector's potential.
The proposed scheme, in the emerging GIFT City financial hub, will allow customers of Indian banks to make and receive instant US dollar transactions, with 24/7 clearing and settlement processes using distributed ledger technology.
November 1, 2022 The first pilot of India’s CDBC, the e-rupee, commenced today. It will test the wholesale segment (e₹-W) in bond transactions with nine banks. The retail segment (e₹-R) is planned for launch within a month.
