India
India Might Ban Bitcoin and Ether to Boost its CBDC
India plans to ban cryptocurrencies like Bitcoin and Ether and promote its CBDC, the digital rupee. The government’s plan has raised concerns over the future…
Binance, KuCoin Request Source of Funds from Indian Users After FIU Registration
Crypto exchanges Binance and KuCoin allegedly demand users’ personal information to facilitate transactions. The observations were made by users of the platforms not long after…
No More Blanket Account Freezes in India’s Crypto Fraud Cases
An Indian High Court rules that investigation agencies cannot freeze an entire bank account during a probe. The court directed the police to freeze only…
Telegram Faces India Ban Threat Over Extortion, Gambling Probe
India's investigation into Telegram for extortion and gambling could lead to the platform being blocked in the country. Telegram's CEO Pavel Durov was detained in…
India’s RBI to Launch ULI Platform, Boosting Credit Access
ULI platform to revolutionize lending by speeding up credit access for small, rural businesses. Digital flow of data via ULI aims to slash loan processing…
Binance Clears Regulatory Baggage in Brazil and India
Binance agrees to pay a $1.75 million fine in Brazil. The crypto exchange pledges to comply with Brazil’s regulatory conditions. Binance gets reactivated in India…
CoinDCX Founder Welcomes India’s Crypto Consultation, Urges Industry Collaboration
India's Economic Affairs Secretary disclosed plans for a discussion paper on cryptocurrency regulations. The paper aims to gather stakeholder feedback on proposed crypto regulations. The…
India Cracks Down on Darknet Drug Sales with Cryptocurrency Tracking
India has formulated a new strategy to combat drug sales on the darknet. The new strategy involves partnering with local agencies. India launched Nasha Mukt…
Indian Crypto Community Left in Limbo as Union Budget 2024-25 Ignores Cryptocurrencies
Indian Union Budget 2024-25 fails to address cryptocurrencies, causing uncertainty in the crypto community. The current tax regime for crypto transactions remains unchanged, with a…
India’s SEBI Proposes Multi-Regulator Approach for Cryptocurrency Oversight
SEBI proposes multi-regulator oversight for cryptocurrency trading, diverging from RBI's concerns. Stablecoins could face prohibition, the panel aims to finalize recommendations by June. India's regulatory…
