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
100
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?
Basics
Why Satoshi Nakamoto’s technical manifesto for a decentralized money system matters
Oct 31, 2022
Basics
How to track fluctuations correctly and create an effective income strategy
Sep 13, 2022
Basics
Review of the most profitable offers from proven trading platforms
Aug 29, 2022
Basics
The Ethereum Foundation team has published a breakdown of major misconceptions about the upcoming network upgrade
Aug 18, 2022
Basics
Let's take a look at the varieties of this new form of management and its earning potential
Aug 1, 2022
Basics
How to invest only in reliable projects and not to fall for fraudsters' tricks
Jul 15, 2022