India
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...
India Urged to Follow US and Bhutan in Adopting a Sovereign Bitcoin Strategy
A high-profile spokesperson for India’s ruling party is now publicly calling for the government to consider establishing a sovereign Bitcoin reserve. Pradeep Bhandari, the ruling party, Bharatiya Janata Party’s national...
CoinDCX CEO Cheers as India’s Ruling Party Talks Bitcoin
CoinDCX CEO Sumit Gupta has publicly praised India’s ruling Bharatiya Janata Party (BJP) and its spokesperson, Shri Pradeep Bhandari, for their growing interest towards cryptocurrencies. In his latest post on...
India Issues Crypto Tax Notices to Thousands, Seizes $327K in Crackdown
India’s Income Tax Department has escalated enforcement actions against cryptocurrency tax evaders. They issued notices to thousands of individuals who failed to report digital asset income in their tax filings...
India Charts Course for Crypto Regulation with June Discussion Paper
India will likely publish a discussion paper in June 2025 to explore policy frameworks for crypto assets. This step comes as digital currencies gain more traction globally, partly thanks to...
India’s Supreme Court Pressures Government to Regulate Crypto, Not Ban It
On May 19, 2025, India’s Supreme Court questioned why the central government has yet to create clear rules for cryptocurrencies. Justices Surya Kant and N. Kotiswar Singh said banning digital...
