India

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 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 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...

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...

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...

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...

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...

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...

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...

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...

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 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...

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...

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...

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...

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...

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...

Kristalina Georgieva, the International Monetary Fund (IMF) Managing Director said during the G20 meeting in Bengaluru, India, that there arose some disagreements over debt restricting for the troubled economies. She...

According to local news outlet The Economic Times, India’s CBDC experiment has attracted 50,000 customers, and 5,000 merchants since the Reserve Bank of India (RBI) introduced the digital rupee test...

Nirmala Sitharaman, the Finance Minister of India, during a meeting with the Reserve Bank of India’s Central Board of Governors on Saturday, told that the G20 Group, the intergovernmental forum...

During a virtual conversation with Kristalina Georgieva, held on February 9, the Managing Director of the International Monetary Fund (IMF), Finance Minister Nirmala Sitharaman, proposed to the multilateral funding agency...

The Indian Central Board of Indirect Taxes and Customs (CBIC) is yet to conclude how to classify certain areas of crypto transactions. These are areas not mainly involved with the...

According to the latest reports, India revealed that the International Monetary Fund (IMF) is working with G20 on a framework that would define crypto regulations. On Thursday, Economic Affairs Secretary...

In a huge push for the adoption of India’s retail CBDC, retail giant Reliance Retail announced earlier today that it would start accepting the digital Rupee-Retail (e₹-R) in its stores....

The crypto community in India has been anxiously awaiting the Union Budget 2023-24 which is expected to be presented by Finance Minister Nirmala Sitaraman on February 1, 2023, in the...