India | Crypto

India and US negotiators have begun their latest round of trade talks in New Delhi, focusing on cutting farm and auto tariffs, quota-based concessions and a possible average 10% rate. Officials have said an announcement could come by late June as both sides work to meet Trump’s July 9 deadline. The post India U.S. Tariff Pact Races Toward 10% Deal Before Trump’s July 9 Deadline appeared first on Cryptonews.

The Reserve Bank of India is actively negotiating with central banks from 18 countries to explore cross-border payments using the digital rupee, aiming to boost foreign trade and reduce dependence on US dollar reserves. Domestically, challenges persist, including limited awareness, infrastructure and accessibility issues, security concerns and resistance to change The post India’s Central Bank to Introduce Features for Digital Rupee Pilot and Test Cross-Border Payment: Report appeared first on Cryptonews.

India’s central bank is scaling up its digital rupee pilots with new features like programmability and offline payments, aiming for broader financial inclusion. The Reserve Bank of India (RBI) is set to broaden the reach of its digital rupee pilots by introducing new use cases and features for both its retail and wholesale central bank digital currencies (CBDCs), according to the central bank’s Annual Report for 2024–25. The central bank said it aims to explore programmability and offline capabilities for the digital rupee, features that may increase its applicability in areas with limited internet access and tailor payments for specific use cases such as government subsidies or corporate spending controls. Currently, both versions of the CBDC are undergoing pilot testing. The retail CBDC pilot is being conducted with select customers and merchants through participating banks, while the wholesale pilot is targeting use in the interbank market. Read more

Bitcoin hovers at $107K amid BRICS de-dollarization, India's crypto tax cuts, and Block's BTC payments—setting the stage for a major breakout. The post Bitcoin Price Prediction: BTC Climbs to $107K as BRICS, India, and Block Fuel a Global Crypto Shakeup appeared first on Cryptonews.

India’s Supreme Court questioned the government’s failure to regulate cryptocurrencies despite taxing them, warning that Bitcoin and similar assets pose economic risks. India’s Supreme Court questioned the government’s lack of regulatory clarity on cryptocurrencies despite imposing taxes on digital assets like Bitcoin. According to the Indian legal news outlet LawChakra, the country’s Supreme Court expressed concern over the increasing use of Bitcoin (BTC) and other cryptocurrencies, which remain largely unregulated. “This is a whole parallel economy running with such coins, and it is a danger to the economy of the country,” Justice Surya Kant reportedly said during a recent hearing related to an ongoing investigation into a Bitcoin transaction. Read more

All the Coinbase customer service agents whom cybercriminals allegedly bribed to gain access to user data were based in India, according to Philip Martin. Coinbase has reportedly fired a group of customer support agents following their alleged involvement in social engineering attacks on users. The contracted agents were based in India. According to a May 15 Fortune interview, Coinbase's chief security officer, Philip Martin, said the company flagged customer support contractors who allowed scammers access to user data, suggesting they could be Indian nationals. The CSO’s comments came after some crypto users reeled from attempted phishing attacks using their Coinbase data, which the exchange estimated could cost them between $180 million and $400 million in remediation and reimbursement. Qiao Wang, a core contributor to Alliance DAO, said in a May 15 X post that he may have been a victim of one of these attacks. He said a scammer notified him his Coinbase account had been compromised, asked him to verify his...