BREAKING: ๐ฎ๐ณ India plans to launch its first tokenized corporate bond in September.
State-owned REC will issue up to โน500 crore in bonds, with the RBIโs wholesale CBDC used for settlement.
โ Reuters
If you feel bad about your investments...
๐ฎ๐ณ The Reserve Bank of India spent $6,200,000,000 to save Rupee from falling in May 2026.
Rupee is now almost back to its lowest level in history.
Orange pill update on @nikhilkamathcio: the podcast trailer is live. ๐
I just saw it. He asks @brian_armstrong if India is really the world's #1 crypto country and admits he doesn't see the impact of crypto in his day-to-day life.
After 8 years of running @CoinDCX, I can humbly say otherwise. I see the impact of crypto every day.
โ So do the users I've met across cities and towns in India. 100 million+ Indians now own crypto. It is the largest user base in the world, and 7 in 10 of them are under 35.
โ So does the data on our dashboards. Indians started 5.7 lakh+ new crypto SIPs on CoinDCX last year, most first time users beginning at under โน500 a month.
โ So does Chainalysis, which has ranked India #1 in global adoption 3 years back-to-back: $338 billion in crypto value received in a single year, ahead in every category: retail, institutional, even DeFi.
And that's the beauty of India's crypto story. It's not loud. Some changes are quiet: โน500 SIPs, small towns, first-time investors.
Anyway, good to see crypto becoming part of the mainstream conversation. Will be interesting to see the full episode.