CoinDCX's CEO Sumit Gupta has dismissed rumors of a potential acquisition by Coinbase, emphasizing the company's commitment to India's crypto market. A report suggested that Coinbase might acquire CoinDCX for under $1 billion, reflecting a significant decrease from its 2021 valuation of $2.2 billion. CoinDCX recently dealt with a security breach but confirmed that assets remained safe.
North Korea has expressed interest in accepting cryptocurrency as a form of payment for its applicants, including those looking to work in India. This move is part of a broader strategy to enhance its economic engagement through digital currencies, despite the country's ongoing international sanctions.