U.K.-based crypto banking platform Cashaa is launching an initiative aimed at bringing crypto enthusiasts together to provide food supplies to those most affected by the COVID-19 pandemic. According to an announcement from Cashaa on Tuesday, the platform’s "Crypto for COVID" plan involves building a community of crypto users who will give underprivileged families in India the food they need for a month. The firm's India arm Unicas is leading the on-ground initiative and has already helped more than 1,000 families in need. The program has also received support from crypto exchange KuCoin, who pledged to feed 2,000 families. India recently …

Kumar Gaurav, founder and CEO of cryptocurrency exchange Cashaa, believes the Indian government’s latest efforts to regulate digital currencies are more of an attempt to prevent illicit activities in the industry rather than outright ban crypto. According to a bulletin released by the Parliament of India on Friday, the governing body will be considering a bill intended to "prohibit all private cryptocurrencies" while also creating a regulatory framework for a digital rupee issued by the Reserve Bank of India, or RBI. The central bank announced last week that it would be "exploring the possibility" of a digital currency. However, the …

On July 11, fraudsters hacked into digital payment platform Cashaa’s over-the-counter desk, which serves Indian customers, and stole 336 Bitcoin (BTC), worth approximately $3.1million. Although Cashaa stated that there have been no users affected by this hack, they did put a hard stop on all crypto-related transactions for 24 hours to understand the incident better. Cashaa is a United Kingdom-based crypto-friendly bank that deals with Bitcoin OTC operations and works with major traditional and crypto exchanges in India. According to an official statement, the incident took place with an OTC transaction manager based in East Delhi, India, whose personal computer …

U.K.-based cryptocurrency exchange Cashaa reported that hackers stole more than 336 Bitcoin (BTC). The company has ceased all the crypto-related transactions, however, users were reportedly not affected by this hack. The company suspects that the hackers are based in east Delhi, India. The company claims it has filed a cybercrime incident report to the Delhi crime bureau with acknowledgment number 20807200031555 under the cryptocurrency crime category. Cashaa suspects a piece of malware was installed onto the system that facilitated exchange transfers, such as user withdrawals. The malware notified the hacker when an employee logged into the account on July 10 …

United Kingdom-based startup Cashaa has developed a fiat gateway for BEP2 tokens on Binance Chain. Announced on April 9, the integration would let users sell and buy tokens directly for fiat currencies. Specifically, Cashaa will support the U.S. dollar, the U.K. pound sterling, the euro and the Indian rupee. The fiat gateway would connect to common banking networks for each respective currency, such as the Faster Payment Service in the U.K., the Single Euro Payment Area network in the European Union, India’s National Electronic Funds Transfer and Automated Clearing House payments in the U.S. Limited support for the global SWIFT …