Download App

iOS & Android

Bitcoin $68,381.96 +0.05%
Ethereum $2,648.57 +0.27%
BNB $597.68 -0.01%
Optimism $1.69 -1.39%
Arbitrum $0.57 +1.22%
Solana $158.86 +2.77%
Polygon $0.37 -0.93%
Cosmos $4.48 +0.90%
Avalanche $27.97 -0.34%

Xapo Bank to Expand Cryptocurrency Services Across India and South Asia

June 22 (Cointime) - Xapo, a crypto-friendly private bank based in Gibraltar, is expanding its services across India and South Asia. The bank will offer its USD offshore savings account with 4.1% interest and a bitcoin wallet with 1% interest on BTC deposits to members in the region.

Xapo's CEO, Seamus Rocca, said the expansion is in line with the positive shifts in Asia's evolving crypto landscape and the bank's mission to make secure transactions simple for its members. Despite India's mixed relationship with crypto, with taxes imposed on transactions, its large population and over 100 million crypto users make it an important market for cryptocurrency firms.

India Cryptocurrency

Original Link

Comments

All Comments

Recommended for you

Shenyu: The widespread existence of blind signature issues provides hackers with opportunities to take advantage of, and the problem must be solved

Bitfish (@bitfish1) posted on X platform, stating that when there are security risks on the front end, hardware wallets should ensure asset security as the last line of defense. However, at present, blind signature issues are prevalent, which provides hackers with opportunities. This problem must be solved.
US CFTC: Federal court was "wrong" to allow Kalshi to launch prediction market

Lawyers from the US Commodity Futures Trading Commission (CFTC) argued in a brief submitted to an appeals court that a federal judge "wrongly" allowed Kalshi to list and trade election contracts, and reiterated many of its arguments made in a lower court. Last month, a judge ruled that the CFTC could not prohibit Kalshi from listing election contracts. The regulatory agency applied for a stay to prevent the company from launching the product before the appeal's outcome, but the court's judge ruled that the CFTC failed to prove irreparable harm would be caused.
a16z releases 2024 State of Cryptocurrency Report, seven findings shed light on the current state of the crypto industry

According to a report released on Wednesday by a16z crypto, the following seven survey results were published regarding their views on the state of cryptocurrency in 2024:
The head of the Financial Supervisory Service of South Korea: We are investigating various abnormal transactions including AVAIL on Bithumb

On October 17th, the Chairman of the Financial Supervisory Service of South Korea, Lee Ju-yeol, stated during a parliamentary audit that "we are investigating the issue of AVAIL coins traded on Bithumb." AVAIL was listed at 263 Korean won on July 23rd and rose to 3,500 Korean won within 15 minutes, but it fell to 296 Korean won less than a day later, raising suspicions of price manipulation. In response, Min Byoung-dug, a member of the South Korean Democratic Party, stated that "the AVAIL token incident means that Bithumb's own abnormal trading system did not work at all. Bithumb said that only trades that account for more than 5% of the total issuance would be considered abnormal trades."
76% of 80 family offices and high net worth individuals in Asia are involved in digital assets, and another 18% plan to invest in the future

According to a report by Aspen Digital, a wealth management platform, 76% of private wealth in Asia has entered the digital asset space (compared to 58% in 2022), and another 18% plan to invest in the future. The report surveyed 80 family offices and high-net-worth individuals across Asia, most of whom manage assets between $10 million and $500 million.
Bank of America CEO sounds the alarm: The U.S. economy may lose its special status due to debt problems

Mohinihan believes that if the United States does not balance its spending with economic growth, it will regret it. If this problem is not solved, the United States may lose its position as the "gold standard" of the economy.
Vitalik publishes new article on the future development of Ethereum protocol, key goals include achieving maximum L2 interoperability

Vitalik has released a new article titled "Possible futures for the Ethereum protocol, part 2: The Surge" outlining the following key goals:
Trump: Tariffs will boost U.S. economic growth

On Tuesday local time, former US President and Republican presidential candidate Trump gave a media interview, stating that if he were to take office, his core policies would revolve around economic growth and bringing businesses back to the United States. Trump vigorously defended high tariffs, believing it to be a way to stimulate economic growth. In his opening remarks, Trump claimed that he would impose tariffs on imported goods and reduce taxes on domestic businesses. "For me, the most beautiful word in the dictionary is tariffs."
ZachXBT: Suspected insiders made $3.8 million in profits on RTR

On August 10th, Chain Detective ZachXBT posted on social media that 4 addresses made a profit of $3.8 million in the RTR sell-off, with the 9G1ELG and GHoW2 addresses belonging to the same person and receiving 500 SOL in new funds within minutes after the TGE. Previously, it was reported that Restore The Republic (RTR) had its TGE on the evening of August 8th, with rumors circulating in the community that it was related to a new project by the Trump family. The RTR token reached a high of $0.156 on August 9th at midnight. Afterwards, Eric Trump, the current Executive Vice President of the Trump Organization and son of Donald Trump, warned on social media to "be careful of false tokens" and that the only official Trump project has yet to be announced and will be announced on Twitter first. After the statement was released, RTR quickly dropped by about 95%, with a trading volume of $164 million within just 15 hours of its creation.
The U.S. Internal Revenue Service has released a new draft of the crypto tax form, which no longer requires filling in wallet addresses and transaction IDs

The US Internal Revenue Service (IRS) released an updated draft version of tax form 1099-DA for cryptocurrency brokers and investors to report certain transaction income. The public has 30 days to provide feedback to the IRS on this version. Starting in 2026, cryptocurrency investors who use brokers (currently mainly Coinbase and Kraken, among others) will receive 1099-DAs from these brokers to report certain cryptocurrency sales and trades as taxable events to the IRS. IRS officials say this form will "bring more convenience and clarity" to users who pay US cryptocurrency taxes.

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

March 27 - March 27

Seoul

Recently Searched

Hot Coins

Trending

Daily Must-Read

Welcome Back

Join CoinTime

Sign in with email

Sign up with email

Check your inbox

Xapo Bank to Expand Cryptocurrency Services Across India and South Asia

All Comments

Recommended for you

Shenyu: The widespread existence of blind signature issues provides hackers with opportunities to take advantage of, and the problem must be solved

US CFTC: Federal court was "wrong" to allow Kalshi to launch prediction market

a16z releases 2024 State of Cryptocurrency Report, seven findings shed light on the current state of the crypto industry

The head of the Financial Supervisory Service of South Korea: We are investigating various abnormal transactions including AVAIL on Bithumb

76% of 80 family offices and high net worth individuals in Asia are involved in digital assets, and another 18% plan to invest in the future

Bank of America CEO sounds the alarm: The U.S. economy may lose its special status due to debt problems

Vitalik publishes new article on the future development of Ethereum protocol, key goals include achieving maximum L2 interoperability

Trump: Tariffs will boost U.S. economic growth

ZachXBT: Suspected insiders made $3.8 million in profits on RTR

The U.S. Internal Revenue Service has released a new draft of the crypto tax form, which no longer requires filling in wallet addresses and transaction IDs

Daily Must-Read

Uniswap Labs, UNI holders could make $468M a year from new L2: DeFi Report

Avalanche Foundation to buy back nearly 2M AVAX sold to Terra in 2022

Gold Fever Hits Costco: 77% of Stores Sell Out Amid Soaring Demand for Bullion

$500M Bitcoin Buried in Landfill: Man Sues City After Decade-Long Battle for Recovery

Former BAYC creative director Jeff Nicholas joins Meta’s Reality Labs

Why is Solana's Dogwifhat (WIF) memecoin crashing?

Popular Activities

Delysium $AGI & AI Private Yacht Party

Popular Tags

Share