Indian crypto exchanges block deposits via state-backed system, s

Big Indian crypto exchanges CoinSwitch Kuber and WazirX have disabled rupee deposits for the purchase of cryptocurrency using a widely-used state-backed transfer system, spurring users to voice concern on social media. India has spent years on a law to ban or regulate cryptocurrencies, with its central bank backing a ban over their threat to financial…

Crypto platform CoinSwitch Kuber temporarily disables rupee depos

Crypto trading platform CoinSwitch Kuber has disabled all payments modes for crypto purchases on its platform, including bank transfers. Users of the CoinSwitch mobile app are no longer able to make rupee deposits via Unified Payments Interface (UPI) or bank transfers via NEFT, RTGS, IMPS, and other methods. The news comes days after Coinbase, one…

US Treasury Secretary calls for crypto regulation to reduce risks

Treasury Secretary Janet Yellen says more government regulation is needed to police the proliferation of cryptocurrency and other digital assets and to ward off fraudulent and illicit transactions. In practice, one result would be that users would get documentation of their crypto dealings for use in filing their taxes. Taxpayers should receive the same type…

Crypto platform Leap raises $3.2 mn in funding from CoinFund, Pan

Crypto platform Leap has raised $3.2 million in a funding round co-led by blockchain-focused investment firm CoinFund and Pantera Capital. The private share sale also saw participation from Arrington Capital, Accel and Terraform Labs. Leap is a non-custodial Terra wallet offering access to dApps, staking, DeFi, NFTs, and more on one platform. The company said…