The Indian government “strongly feels” that advertisements by cryptocurrency exchanges that promise customers wild profits and are not transparent about the volatile nature of such trading must be prohibited, according to a memo outlining the summary of a meeting between the Indian Prime Minister Narendra Modi and several stakeholders on Saturday. A consensus has been […]
A16z in talks to back CoinSwitch Kuber in first India investment
A16z is inching closer to making its first investment in a startup in India, the world’s second largest internet market that has produced over two dozen unicorns this year. The Menlo Park-headquartered firm is in final stages of conversations to invest in Indian crypto trading startup CoinSwitch Kuber, three sources familiar with the matter told […]
Indian crypto exchange CoinSwitch Kuber in talks to raise funds at unicorn valuation
Indian crypto exchange CoinSwitch Kuber is in advanced stages of talks to raise a new financing round at up to $2 billion in valuation, several sources familiar with the matter told TechCrunch. If the talks materialize in a deal, CoinSwitch Kuber will become the second crypto startup in the world’s second largest internet market to […]