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India’s largest public sector lender, State Bank of India has joined a slew of investors including Apis Partners, Smilegate and Y Combinator by investing an undisclosed amount in Cashfree. Cashfree is a Bengaluru based digital payments firm.According to a leading English daily, India may classify Bitcoin as an asset class . The Securities and Exchange Board of India will oversee the regulations for the cryptocurrency sector once Bitcoin is classified as an asset class.The Enforcement Directorate has issued a show cause notice to Indian Cryptocurrency exchange platform WazirX for violating the Foreign Exchange Management Act, 1999. It involves transactions of Rs.2,790.74 crore worth of cryptocurrencies.Fintech platform BharatPe has acquired multi brand loyalty management company Payback from American Investments and ICICI Investments Strategic Fund. The total amount for the deal is 27 million dollars.Digital banking fintech startup Niyo has acquired Bengaluru based personal finance startup Index. The financial details of the deal were undisclosed. The Index team and founders Krishna and Kumar Siddhartha will join Niyo.#elsalvador #ElSalvadorBitcoinNews #Bitcoin #Cryptocurrency #crypto #elsalvadorbitcoin #legaltender #NayibBukele #Bukele #bitcoinlegaltender #acceptbitcoin #bitcoin #bitcoins #bitcoinnews #bitcointrading #bitcoincash #cryptocurrencies #cryptonews #bitcoinexchange #investment #bitcoininvestment #SbiCashfreeInvestment #Cashfree #SBI #sebi #economy #WazirX #BharatPe #Fintech #Payback #Digitalbanking #Niyo #WhatstheTrend #askmentor #mystartuptv #majorsunilshetty #startupchannel #startupnews #startupindia #MSMEnews #makeinindia #madeinindia