RATE Group | This week in crypto: Germany’s “crypto heaven” and North Korea arrest
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This week in crypto: Germany’s “crypto heaven” and North Korea arrest

02 Dec This week in crypto: Germany’s “crypto heaven” and North Korea arrest

Posted at 10:07h in Cryptocurrency News by

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Dear Reader, 

I write to you this week from the International Space Station. From these lofty heights, I see things clearly, my thoughts uncluttered by the mess down below. I understand, finally, what matters and what can easily be dismissed as trivial. Behold, the most important crypto news of the week, condensed and distilled by yours truly for your reading pleasure.

India embraces blockchain

The news in the last few weeks was dominated by China, but this week the crypto world shifted westward slightly, to India. 

Two big stories came from India this week. 

First, crypto exchanges Megatron and Binance this week added fiat support for the Indian Rupee, powered by Indian digital assets exchange WazirX. Although crypto isn’t banned in India, it’s incredibly hard for Indians to trade it, since local banks generally aren’t allowed to deal with crypto companies. WazirX is one of the few that can. Binance CEO Changpeng Zhao said it was “enabling 1.3 billion more people to…

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