Global #India

Leading cryptocurrency exchange Bitget is taking proactive measures to secure necessary licensing in India. The company has engaged in ongoing discussions with India's Financial Intelligence Unit (FIU) to obtain Virtual Asset Service Provider (VASP) registration.

Floki Inu (FLOKI), a cryptocurrency that began as a memecoin inspired by Elon Musk's Shiba Inu dog, is venturing into philanthropy. The organization has set its sights on India, aiming to construct a school to address the country's educational accessibility challenges.

Binance, a leading cryptocurrency exchange, has ceased allowing cash payments for peer-to-peer (P2P) cryptocurrency transactions in India. This means that users in the country can no longer purchase or sell supported cryptocurrencies using cash deposits or receipts.

In the fast-paced realm of cryptocurrency, staying abreast of regulations while fostering innovation is paramount. KuCoin, a major player in the global crypto scene, has taken significant steps by registering with India’s FIU.

Dabba, a decentralized physical infrastructure network (DePIN) aimed at providing affordable wireless data access to underserved populations, has announced the launch of its second campaign, allowing users worldwide to purchase Wi-Fi hotspots.

India's securities regulator has proposed that oversight of cryptocurrency trading should be divided among multiple authorities, according to a Reuters report.