The Indian cryptocurrency exchange CoinDCX plans to hold an IPO
The company will organize a listing when the local authorities form the regulatory rules for the crypto market
30.11.2021 - 12:45
68
1 min
0
What’s new? The Indian cryptocurrency exchange CoinDCX is set to go for an IPO. According to its co-founder Neeraj Khandelwal, this will happen as soon as the regulatory rules for the crypto market are formed in the country, Bloomberg reports.
Material on the Bloomberg website
What did Khandelwal state? According to the co-founder of the crypto exchange, it will decide on the right time for the IPO depending on the authorities’ regulations. He added that the sale of the securities will be a vote of confidence for the digital asset industry in India.
What had happened before? In mid-November, it was revealed that the Reserve Bank of India has set a timeline for the launch of a pilot version of the central bank digital currency (CBDC).
According to the bank's representative P. Vasudevan, the launch will take place in the first quarter of 2022. It is not about the calendar quarter, but the fiscal quarter, which will start on April 1. The regulator is currently studying various launch options. The decision on whether it will be a retail or wholesale currency will be taken after this analysis.
Useful material?
Telegram 
Twitter Politics
The experiment involved the French and German central banks, as well as major financial institutions, including HSBC, Standard Chartered and UBS
Oct 5, 2022
Crypto regulations
Roskomnadzor put the domain name of the platform on the list of banned sites
Oct 5, 2022
Politics
According to the head of the Duma Committee on Financial Markets, such use of digital assets may be allowed in a foreign jurisdiction
Oct 5, 2022
Market
The billionaire’s lawyers sent a letter to the company with an offer to buy at the original price
Oct 5, 2022
Market
This data is given in the report of market analytics company Unfolded
Oct 5, 2022
Business
Such transactions are carried out in the absence of regulation by the state
Oct 5, 2022