Crypto bill to require KYC data sharing; Indian platforms join live commerce rush

India's cryptocurrency bill will require crypto exchanges to share know-your-customer (KYC) data of their users with various regulators and government agencies for scrutiny, sources told us.

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Firms keep faith with crypto payments; SoftBank shares tank 8.2%

India’s cryptocurrency bill will almost certainly ban digital assets from being used as currencies but may allow them to be held as assets, according to the latest reports. A small but growing number of businesses continue to let customers pay for goods and services in Bitcoin and other cryptocurrencies.

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Expect Robinhood clones to rise if India makes crypto an asset class

While there are similar ‘discount brokers’ in India, none of them currently allows trading in crypto.

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Central Institute for Indian Languages, Koo collaborate to promote fair use of language

They will work jointly to strengthen its content moderation policies and help users stay safe and secure online.

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LoanKuber raises Rs 13 crore from Lets Venture, Inflection Point, others

LoanKuber will use the proceeds to hire more talent, enhance the existing tech stack and grow the loan book.

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Simplified raises $8.5 million in seed funding round led by Craft Ventures

The company will use the funds for product development, to develop machine learning models, enhance the artificial intelligence (AI) copywriting experience, and expand support into other languages.

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Incubators to get grant of Rs 135 crore under Startup India Seed Fund Scheme

The Startup India Seed Fund Scheme (SISFS) has been implemented from April 1. 2021. Under the scheme, a corpus of Rs 945 crore will be spent over the next four years for providing seed funding to eligible startups through eligible incubators across India.

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