India
Jiocoin Introduced in India, Set to Disrupt the Browser Market
Millions of people across India are getting much-needed exposure to the world of Web3 through none other than – Reliance Jio, one of the country’s biggest telecommunications providers. Earlier this...
Pig Butchering Scams: India and Tech Giants Take a Stand
India has ramped up its fight against the rising tide of crypto-related scams, particularly the notorious “pig butchering” schemes, by collaborating with tech giants Google and Meta. According to the...
India Crypto Regulations: A Look at Upcoming Framework
India has shown serious intent to develop a regulatory framework for virtual digital assets (VDAs); otherwise, cryptocurrency. The move comes in the backdrop of the surging popularity of crypto assets...
India Might Ban Bitcoin and Ether to Boost its CBDC
The Indian government is exploring a ban on privately-operated cryptocurrencies like Bitcoin and Ether. As part of the country’s digital finance plans, India intends to promote its central bank digital...
Binance, KuCoin Request Source of Funds from Indian Users After FIU Registration
Following Binance’s registration with India’s Financial Intelligence Unit (FIU), Indian-based cryptocurrency users have made claims that Binance now demands more information for users to carry out deposits and withdrawals on...
No More Blanket Account Freezes in India’s Crypto Fraud Cases
An Indian High Court has reined in on nonchalant account freezes declaring that investigative agencies cannot freeze entire bank accounts during crypto fraud investigations. The court’s decision comes on the...
Telegram Faces India Ban Threat Over Extortion, Gambling Probe
The Indian government has initiated an investigation into Telegram for alleged extortion and gambling activities. This comes just a day after French authorities detained the platform’s CEO, Pavel Durov. The...
India’s RBI to Launch ULI Platform, Boosting Credit Access
India is gearing up to launch a new digital platform designed to make lending easier for small and rural businesses, tackling a major issue with credit access across the board....
Binance Clears Regulatory Baggage in Brazil and India
The four-year regulatory challenge Binance faced in Brazil seems to end following the crypto exchange’s agreement to pay a 9.6 million reais fine, equivalent to $1.75 million, enacted by the...
CoinDCX Founder Welcomes India’s Crypto Consultation, Urges Industry Collaboration
India’s Economic Affairs Secretary, Ajay Seth, has announced that the country will release a discussion paper outlining its policy stance on cryptocurrencies before September. The paper aims to gather comments...
India Cracks Down on Darknet Drug Sales with Cryptocurrency Tracking
India is intensifying its fight against drug trafficking, particularly on the darknet, by leveraging cryptocurrency monitoring to track illicit transactions. As part of its National Action Plan for Drug Demand...
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...
