India
Indian Crypto Community Left in Limbo as Union Budget 2024-25 Ignores Cryptocurrencies
The Indian government has failed to mention cryptocurrencies in the Union Budget 2024-25, leaving the crypto community in the country uncertain about the future of digital assets. Today, July 23,...
India’s SEBI Proposes Multi-Regulator Approach for Cryptocurrency Oversight
India’s Securities and Exchange Board of India (SEBI) has proposed a novel regulatory framework for cryptocurrencies, advocating a multi-regulator approach, according to Reuters. This proposal marks a potential shift in...
Rich Indians Are Being Lured by the United States’ Spot Bitcoin ETFs
Rich Indians are investing in spot BTC ETFs using their yearly remittance quotas. The Central Bank of India has warned investors against trading cryptocurrencies. Vested Finance has witnessed buy volumes...
OKX Exits Indian Market Amid Regulatory Challenges
OKX, a leading cryptocurrency exchange, announced the closure of its Indian operations, allowing customers to withdraw their funds from the exchange until the 30th of April. This decision comes after...
Binance Seeks Return to India But Faces PMLA Compliance Hurdles
The world’s largest crypto exchange, Binance, is in talks with the Indian government to restore citizens’ access to the Binance mobile application and website. An Indian publishing firm captured this...
India’s Prime Minister Modi Urges Countries to Collaborate in Fighting Cyber Threats
Indian Prime Minister Narendra Modi has appealed for international cooperation in dealing with contemporary challenges such as cyber threats and cryptocurrencies. Modi appealed during the Commonwealth Legal Education Association and...
ReduceCryptoTax: Indian Web3 Community Hit Social Media With Demands
The community claims the taxes have limited growth within the sector in past years. Indian Web3 community takes to social media sites to demand changes to crypto taxes. Demands asked...
Indian Exchanges in Crisis Talks After Govt Blocks Binance, Kucoin
Crypto exchanges in India have reportedly convened for emergency meetings. The crisis talk came after the Indian government moved to block Binance, Kucoin, Huobi, and Kraken. Indian exchanges heavily rely...
India Unveils AML and CFT Rules Applicable to Overseas Exchanges
The Indian government, under the Ministry of Finance, has tackled the regulation of overseas crypto exchange platforms and Virtual Digital Assets (VDAs) catering to Indian users. Per a disclosure from...
OKX Steps into India’s Web3 Space, Polygon Co-Founder Appreciates
OKX has decided to step into India’s Web3 space, fostering the technology. The CEO Star X, commented on India’s potential to be a big contributor to the Web3 sector. The...
Indian Gynecologist Loses $132k+ in Crypto Scam on Facebook
Indian doctor loses $132k+ in crypto scam following guidance from an online advisor. The fraud involved purchases of BTC, ETH, and USDT with unyielding demand for additional funds. The doctor...
India’s Central Board Of Direct Tax Report ₹700Cr in Tax From Crypto
Indian CBDT Chairperson Nitin Gupta shared that the government has garnered more than ₹700 crore in tax revenue from crypto trading. Back in August, a network linked with Parimatch was...
India Is The World’s Second-Largest Cryptocurrency Market: Report
According to a report by Chainalysis, a blockchain analysis firm headquartered in New York, India has become the world’s second-largest cryptocurrency market. Chainalysis based its report on raw transaction volume...
Indian Experts Say Upcoming Crypto Laws Will Enable Responsible AI Use
As India works on drafting crypto-focused regulations, top players in the Indian blockchain space are optimistic about the positive impact of detailed crypto laws for blockchain technology and Artificial Intelligence...
Is India About to See Its First Crypto Regulatory Pronouncement?
According to a statement from India‘s Finance Minister, Nirmala Sitharaman, discussions are underway regarding establishing a regulatory framework for cryptocurrencies. Reuters captured this development in a report earlier today. The...
Odisha Police Dismantles India STA Crypto Scam, Exposing ₹1,000 Crore Fraud
In a significant breakthrough, the Odisha police have apprehended the masterminds behind a colossal cryptocurrency scam that defrauded victims of a staggering ₹1,000 crore across India, as reported by the...
India’s Central Bank Targets One Million Digital Rupee Users in June
In a press conference, the Deputy Governor of the Reserve Bank of India (RBI), T Rabi Shankar shared the RBI’s ambitious target of reaching one million users for its central...
Finance Minister of India Calls for Responsible Digital Currency Use
In a recent event in Bengaluru, India, the Finance Minister of India, Smt. Nirmala Sitharaman has declared that India is not against financial technology but emphasized that when it comes...
G20 Nations Unanimous on Urgency to Regulate Crypto: Indian Minister
The Indian Union Finance Minister Nirmala Sitharaman has called for immediate attention to issues related to crypto assets, stating that a globally coordinated policy response is necessary to regulate the...
Hindenburg’s Report Sends Jack Dorsey’s Block into a Tailspin
Hindenburg Research, which previously targeted India‘s Adani Group, has recently published its first report on Jack Dorsey’s Block Inc. This report has caused a significant drop of 14.8% in the...
Crypto Tax Payment Kicks Off in India for NRIs Amid Unclarity
The Indian government introduced a Financial Act that would charge a 30% flat rate on income from Virtual Digital Assets (VDAs) transfers in 2022. This new law will reflect in...
India’s Crypto Revenue Expected to Reach $3.33 Billion in 2023
According to a recent analysis, India’s cryptocurrency revenue is expected to reach $3.33 billion in 2023, with the adoption of crypto by almost 156 million users. Notably, as per the...
‘Namaste Web3’ Discusses India’s Potential in Leading Web3 Space
During the second event of Namaste Web3, an awareness program organized by the crypto investment application, CoinDCX, in collaboration with the Indian edition of Forbes magazine, Forbes India, the lawmakers...
Indian Finance Ministry: Crypto Trading Is Now Subject to AML Laws
The government of India has taken yet another step toward regulating digital assets by imposing money laundering rules on the crypto industry. In a notification on Tuesday, the Indian Finance...
Nirmala Sitharaman Comments on India’s Notion of Crypto at FMCBG
During India’s G20 Presidency, the meeting of Finance Ministers and Central Bank Governors (FMCBG), India’s Finance Minister Nirmala Sitharaman addressed the country’s position on crypto regulation. She said that India...
