India’s new crypto laws, soaring NFT sales, multi-million dollar sports sponsorships – here’s everything that happened in the crypto world this week

  • The crypto world may have sensed a relief this week, with more countries looking at regulation instead of cracking down.
  • From Coinbase looking to expand in India to the Indian government looking to bring a crypto bill in the monsoon session of the parliament, the short-term outlook for the industry is improving.
  • Check out everything that happened in the cryptocurrency market last week.

The world of cryptocurrencies saw some noticeable developments in the week gone by.

Coinbase, one of the leading crypto exchanges in the world, is looking toward India as it looks to expand its operations. The company revealed that it is looking to add more employees to its office – based out of Hyderabad – and has also thrown in a surprise signing-up bonus to sweeten the deal.

There’s more from the country, with the Indian government seemingly gearing up to finally discuss the cryptocurrency topic come this monsoon session of the parliament – India’s Finance Minister Nirmala Sitharaman has revealed the much-awaited crypto bill is ready to be presented.

That said, cryptocurrencies had a perhaps dull week when it comes to their prices – four of the top five cryptocurrencies fell, with Dogecoin plunging the most. Only Binance Coin remained in the green.

Here’s our weekly roundup of the best cryptocurrency news from the week gone by: