Brazil’s Largest Bank Opens Crypto Trading for Over 60 Million of Its Users

Itau Unibanco, touted as the largest bank in Brazil, has decided to open crypto trading services for its massive userbase of over 60 million. This step from Itau Unibanco comes after the bank tried offering this functionality to a small bunch of select users to check if users were interested in accessing this service at

India’s eRupee CBDC to Get Offline Payments Feature, Programmability Tweaks: RBI Governor

The Reserve Bank of India (RBI) is looking to adopt offline strategies to ensure that the eRupee CBDC enters the financial system of rural and remote parts of India. RBI governor Shaktikanta Das reportedly stated that the central bank plans to experiment with offline solutions to drive the adoption of CBDC in those parts of India that

NFT Market Boomed to $2 Bln in February Sales, Recorded Nine-Month High

The sales of non-fungible tokens (NFTs) rose by a massive 117 percent in February 2023. Around March, the valuation of the global NFT market climbed to its nine-month high since June last year to over $2 billion (roughly Rs. 17,200 crore). NFTs or non-fungible tokens are digital collectibles that are built on blockchains and make

Metaverse Fashion Week 2023 All Set to Kick Off, India’s Blink Digital to Participate

Podcast: Adidas, Tommy Hilfiger, and Vogue Digital are all geared up to be part of the Metaverse Fashion Week (MVFW) 2023 that will kick off on Tuesday, March 28. The virtual event being hosted by the Decentraland metaverse, will have over 60 fashion brands, both physical as well as digital native ones, showcase their spring

Taxes on Crypto Mining Power Use to Spike Next Year in US, Plan Outlined

The US government is considering several ways to balance its destabilised economy by reeling-in more funds into its financial systems. The crypto mining community in the US could face the burn of these tax hikes as the US government has proposed to raise the taxes on the electricity requirement for miners. The idea was part

Government Imposes Anti-Money Laundering Provisions on Crypto Sector in India: Details

Podcast: India’s money laundering laws will apply to trade in cryptocurrencies, the federal government said in a notification dated March 7. The exchange between virtual digital assets and fiat currencies, the exchange between one or more forms of virtual digital assets and the transfer of digital assets will be covered under money laundering laws, the

Pakistan Banks Turn to Blockchain Technology to Update Customers’ KYC Details Amid Economic Turmoil

Podcast: Pakistan’s banks have decided to develop a know-your-customer (KYC) platform based on blockchain technology in order to strengthen the country’s efforts to curb money-laundering. Blockchain firm Avanza Group has been onboarded to create this platform, according to details shared by the Pakistan Banks’ Association (PBA) which has signed an agreement with the Avanza Group

Coinbase Acquires One River Digital Asset Management to Beef Up Services

Podcast: Coinbase has acquired One River Digital Asset Management (ORDAM), the cryptocurrency exchange said on Friday as it aims to beef up services and take advantage of weak valuations of digital asset companies. The company did not disclose the financial details of the deal, in which ORDAM will become Coinbase Asset Management and operate as a fully-owned unit

Binance, Its US Partner Being Questioned for Regulatory Compliance and Finances

Podcast: Three US Senators have asked giant cryptocurrency exchange Binance and its US partner Binance.US for information about their regulatory compliance and finances, citing a series of investigations by Reuters and some other media reports, according to a letter released on Wednesday. In the letter, Democrats Elizabeth Warren and Chris Van Hollen along with Republican Roger Marshall,

Dubai Officiates Rulebooks for Crypto Firms as it Prepares to Become Web3 Hotspot

Podcast: Dubai has been taking several pro-crypto steps to establish itself as a crypto hub. The city has now released a set of new regulations that would be mandated to be adhered to by crypto firms looking to operate from Dubai. Four rulebooks have been prepared for crypto service providers, detailing the regulations. In addition,