India
India to Launch RBI-Backed Digital Rupee, as Union Minister Goyal Rejects Unbacked Crypto
Union Minister Piyush Goyal says India’s new digital currency will be backed by the Reserve Bank of India while warning against cryptocurrencies with no asset or sovereign guarantee. India will...
India’s CBI Targets Crypto Proceeds After U.S. Fraud Alert to Delhi
India’s premier investigation agency, the Central Bureau of Investigation (CBI), has pursued the attachment of cryptocurrency assets held on WazirX following a formal appeal from the U.S. Department of Justice...
Indian Regulators Demand PMLA Registration From 25 Offshore Exchanges
India’s Financial Intelligence Unit (FIU-IND) has issued notices to 25 offshore cryptocurrency exchanges for failing to comply with anti-money laundering (AML) rules, warning that access will be blocked unless they...
Thane Becomes India’s First City with Dedicated Crypto Investigation Cell
India has created its first dedicated Cryptocurrency Investigation Cell in Thane. The unit will track illicit transactions and dismantle schemes that use crypto to launder stolen funds. Officials said the...
India Pressed to Act on Stablecoin Rules as Stripe Tempo Launch and $240B Supply Put Pressure on Policy
India’s regulatory debate around digital assets sharpened this week after former Reserve Bank of India (RBI) executive director G Padmanabhan urged the government to move faster on stablecoin rules. Speaking...
India Avoids Full Crypto Regulation, Citing Fear of Legitimacy and Systemic Risks
India is leaning towards maintaining partial oversight on cryptocurrencies rather than introducing full legislation to regulate cryptocurrencies, according to a government document seen by Reuters. Officials argue that creating a...
How Can Crypto Save the Indian IT Industry Against Trump’s Actions?
US President Donald Trump recently penalized India by imposing a 50% tariff on goods imported from the Asian country. Trump took this harsh stance following allegations that India purchased oil...
How the Fast-Growing Indian Economy Is Leading The Way in Crypto Adoption?
India’s economy remains one of the fastest-growing in the world, with GDP growth projected at 7–8% in 2025, fueled by IT exports, manufacturing expansion, and a thriving services sector. Alongside...
Bitcoin Extortion Plot Lands 14, Including Police Officers, Life Sentences in India
An Indian anti-corruption court has thrown the book at 14 individuals, including senior police officials and a former legislator, sentencing them all to life in prison for a 2018 Bitcoin...
Bitcoin Dumps 2.8% to Below $110K After Trump’s 50% India Tariff Over Russian Oil
Bitcoin’s price falls below $110,000 as a new geopolitical event rattles the market and thereby economic stability. President Donald Trump has imposed a steep 50% tariff on most Indian imports,...
Zerodha’s Kamath on Why Indian Traders Are Fleeing Spot for Crypto Derivatives
According to Nithin Kamath, founder and CEO of brokerage giant Zerodha, Indian crypto trading platforms are witnessing a surge in derivatives activity. Kamath noted that the trend has continued despite...
A “Regulate, Not Ban” Stance on Crypto Newly Emerges from India’s Parliament
India’s Parliamentary Standing Committee on Home Affairs has recommended that cryptocurrencies be regulated under a clear legal framework rather than being outlawed. This recommendation comes even as the committee’s own...
Part of a $3.3 Billion Sweep, India’s Tax Man Finds $124 Million in Undeclared Crypto
India’s Ministry of Finance has reported uncovering a staggering ₹29,208 crore (approximately $3.33 billion) in hidden foreign assets for 2024-25, along with ₹1,089 crore (roughly $124 million) from undisclosed foreign...
India Chases Crypto Tax Evaders With Over 44,000 Warning Notices
India’s Income Tax Department has sent notices to 44,057 cryptocurrency traders who it believes failed to report their transactions for the 2025 financial year. In a massive outreach, authorities have...
From Delhi to the US: Inside the Fake Coinbase Scam That Stole $20 Million
A sprawling international crypto scam has been dismantled by Indian authorities and U.S. law enforcement, masterminded by Chirag Tomar, a New Delhi native accused of stealing over $20 million through...
Crypto Adoption in India: Separating the Facts from the Social Media Hype
A bold claim is making the rounds on social media: that investors in India now hold over one million Bitcoin, amounting to 5.1% of the total supply. While the figure...
Trump’s New 25% Tariff on India Sends the Crypto Market Down 4%
Today, the US President Donald Trump announced via Truth Social that effective August 1, India will face a 25% tariff on its exports to the US. Additionally, India will incur...
WazirX Schedules July 30 Creditor Re-Vote As Per Amended Recovery Plan
WazirX has proposed an amended Scheme of Arrangement for its recovery plan and is now calling for a new vote from its creditors. The main revision shifts operational control to...
CoinDCX CEO Vows a “Stronger” Comeback and Launches a 25% Bounty
India’s leading cryptocurrency exchange, CoinDCX, is pushing forward with renewed focus and resolve after suffering a $44 million exploit last week. CoinDCX to Come Back Stronger In a public comment...
With 100 Million Crypto Users, Indian Exchanges Say It’s Time to Fix the Tax Laws
Ritesh Pandey (former Member of Parliament in India) is once again advocating for Indian crypto users, pushing to cut the 30% crypto tax, remove the 1% TDS (Tax Deducted at...
Web3 Firm Hashed Emergent Drafts a Crypto Law It Hopes India Will Adopt
A new model law called the COINS Act has been proposed to bring clarity and structure to India’s digital asset regulatory environment. The draft law, announced this week by Web3...
WazirX Gets a Second Chance as Court Allows a Revote on Its Restructuring Plan
The Singapore High Court has overturned an earlier decision and has now approved a fresh vote on a revised restructuring scheme for Zettai, a company entangled in the legal battle...
“A Threat to the Financial System”: An Indian Court Takes a Hard Line on Crypto Crime
The Delhi High Court in India denied bail to Umesh Verma, a businessman accused of defrauding 61 people through a crypto investment scheme, with the judge issuing a stark warning...
India Probes Crypto Use in Terror Financing Linked to Pakistan
India’s Financial Intelligence Unit (FIU) has launched an in-depth investigation into cryptocurrency fund movements linked to cross-border activities. The focus is on suspicious transactions involving Pakistan-based sources, particularly in the...
No Warning: CoinDCX Delists Major Pairs, Indian Crypto Community Erupts
CoinDCX, a leading cryptocurrency exchange in India, has delisted over 50 margin trading pairs without giving its users prior notice. The sudden move sparked immediate outrage across the Indian crypto...
