Latest News and Articles about India
Indian Police Bust $700k Crypto Scam Posing as ZAIF Exchange
Crypto Scammers in India Busted for $700k Fraud Posing as Japanese Exchange In a bold move that underscores the dark side of the crypto world, Indian law enforcement has dismantled a gang of five scammers who defrauded a businessman out of nearly $700,000. These fraudsters ran a fake trading platform disguised as ZAIF, a well-known […]
Read MoreCoinbase Re-Enters India with FIU Nod, Targeting Thriving On-Chain Market
Coinbase Re-Enters India with FIU Registration, Aiming to Capitalize on Booming On-Chain Scene Coinbase has officially announced its return to the Indian market after a two-year hiatus, marking a significant move in its international expansion strategy. The company, which ceased operations in India in 2022 due to stringent regulations, has now registered with India’s Financial […]
Read MoreKraken’s Strategic Return to India: Overcoming 2024 Ban and Regulatory Hurdles
Kraken’s Bold Comeback: Navigating the Indian Crypto Market Post-2024 Ban Kraken, once banned from India, is now making a strategic return. The seventh-largest cryptocurrency exchange by trading volume was excluded from the Indian market in 2024 due to anti-money laundering violations. Now, the exchange is working diligently with local authorities to secure the necessary permits […]
Read MoreBybit Registers with India’s FIU, Eyes Full Crypto License Soon
Bybit Re-enters India’s Crypto Market: Navigating Regulatory Waters Bybit, a prominent global crypto exchange, has made significant strides toward resuming operations in India by registering with the country’s Financial Intelligence Unit (FIU) on February 5, 2024. This crucial move follows a period of halted services due to compliance issues, which Bybit addressed by paying a […]
Read MoreRBI Boosts Digital Rupee: Officer Reimbursements and Gig Worker Loans Initiated
India’s RBI Pushes Digital Rupee Adoption with Officer Reimbursements In a bold move to revolutionize India’s financial landscape, the Reserve Bank of India (RBI) is pushing the envelope with its digital rupee initiative. By depositing reimbursement allowances directly into its officers’ Central Bank Digital Currency (CBDC) wallets, the RBI aims to foster greater familiarity and […]
Read MoreBybit Suspends India Operations Amid Regulatory Crackdown on Crypto
Bybit Halts Operations in India Amid Regulatory Storm Bybit, a leading cryptocurrency exchange, has temporarily suspended its services in India due to increasing regulatory scrutiny of unregistered platforms. This decision reflects the broader tension between crypto innovation and regulatory compliance in one of the world’s most populous nations. Bybit suspends services in India Regulatory crackdown […]
Read MoreIndia Teams Up with Google, Facebook to Combat Crypto Pig Butchering Scams
India’s Bold Move Against Crypto Scams: Partnering with Google and Facebook India is stepping up its efforts to combat the rising wave of pig butchering scams that exploit cryptocurrencies, targeting vulnerable populations such as unemployed youths, housewives, students, and those in financial need. The government is collaborating with tech giants Google and Facebook to tackle […]
Read MoreRajya Sabha MP Vows to Tackle High Crypto Taxes in India
Rajya Sabha MP Raghav Chadha Vows to Address High Crypto Tax in Parliament Rajya Sabha MP Raghav Chadha has pledged to tackle the high cryptocurrency taxes in the upcoming parliamentary session, offering hope to India’s struggling crypto community. 30% flat tax and 1% TDS on crypto transactions Decline in trading volumes and shift to offshore […]
Read More2024: India’s Crypto Leap Forward with ITAT, Orissa HC Rulings and Kotak’s Nod
2024 Sees Favorable Rulings for Digital Assets in India In 2024, India has taken significant strides forward in recognizing and legitimizing digital assets, balancing optimism with the realities of stringent taxation. The year has brought not only judicial clarity but also high-profile endorsements, signaling a shift in perception that could reshape the future of cryptocurrency […]
Read MoreRBI’s Digital Rupee Struggles Against UPI Dominance in India
Is RBI’s Push for Instant Payments Hindering CBDC Adoption? In Mumbai, trying to pay for your chai with the new digital rupee might feel like bringing a knife to a gunfight, as everyone around you swipes their UPI. The Reserve Bank of India (RBI) rolled out its blockchain-based Central Bank Digital Currency (CBDC), the digital […]
Read MoreIndia Set to Lead Global Crypto Regulation by 2025: Binance’s Bold Prediction
India’s Path to Leading Global Crypto Regulation As the global cryptocurrency landscape continues to evolve, Binance has projected that India will assume a leading role in global cryptocurrency regulation by 2025. This vision is underpinned by India’s proactive regulatory efforts to foster trust and encourage blockchain innovation. Noteworthy advancements, such as the approval of spot […]
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