The exchange would be following in the steps of Binance and Bybit if it manages to secure a license.
The fine was levied by the FIU-IND last week.
India is reportedly reassessing its stance on crypto, signaling a potential shift in policy as international attitudes toward digital assets become more favorable, according to a Reuters report. This review aligns with recent developments, especially in the United States, where pro-crypto policies have gained momentum, which has bolstered expectations for expanded adoption of financial products […]
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The Indian government's restriction of nine crypto exchanges in January 2024 didn't have much of an effect on the market, a report concluded.
Bybit to Temporarily Halt Crypto Trading in India, Citing Regulations
Bybit will continue honoring user withdrawal requests despite temporarily halting other services.
Microsoft will expand its AI and cloud presence in India, including training 10 million individuals by 2030 and supporting AI startups.
CoinSwitch expects it will take two years to distribute $70 million in recovery funds to WazirX users who lost money due to an alleged cyberattack last year.
Mo Shaikh, who co-founded the firm in 2021 alongside Avery Ching said he would stay on board at Aptos Labs as a strategic adviser.
The Income Tax Appellate Tribunal (ITAT) in Jodhpur, India, has today clarified the taxation of crypto transactions conducted before the financial year (FY) 2022-2023. According to the ruling, profits from all such transactions will be treated as capital gains. ITAT Gives Clarity On Pre-2022 Crypto Taxation In what is considered a landmark ruling for India’s […]
BitOasis received a full VASP license, marking the final step in its VARA licensing process and allowing for a range of crypto trading services.
This week’s Crypto Biz explores Ether ETFs growing inflows, the political moves behind Meta’s stablecoin sunset, BitGo’s plans for India, and more.
There is a key disconnect between India’s top crypto adoption metrics and the lack of widespread cryptocurrency use.
India is a leading country on crypto adoption, with digital asset revenues expected to surpass $6 billion in 2024.
India has recovered $14 million in goods and services tax from crypto firms like WazirX, but Binance has yet to pay its $85 million tax evasion liabilities, the minister said.
Aptos co-founder Avery Ching said at India Blockchain Week that controlling what content can be used for training by AI is something blockchain can help with.
India’s crypto community has shown resilience to harsh taxation requirements, with its crypto ecosystem gaining momentum, although not at its full potential.
According to the Atlantic Council, 134 countries are currently exploring CBDCs in different phases — including every G20 country.
Russia is poised to implement a 15% tax on all crypto mining and trading activities. The move aims to foster a regulatory framework that supports the growing digital asset industry. 15% Tax On Crypto Trading And Mining Activities According to Interfax, the Russian Government has approved draft amendments to the bill on taxation of income […]
Nepal’s Financial Intelligence Unit (FIU), in its Strategic Analysis Report 2024, revealed that the country’s blanket ban on crypto trading has become a significant obstacle for fraud victims seeking to report their cases to authorities. Digital Asset Ecosystem In Nepal At A Glance The FIU is a division of Nepal Rastra Bank, the country’s central […]
Delhi Police have made progress in investigating the $235 million breach of crypto exchange WazirX by arresting SK Masud Alam from Bengal. On Nov. 13, local media outlet IndiaToday reported that Alam allegedly set up a fake account on WazirX under the alias “Souvik Mondal.” He reportedly sold this account via Telegram to a person […]
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The victims of the WazirX hack last July 2024 are now planning a class-action lawsuit. According to multiple sources, a group of victims is finalizing the plans to sue India’s largest crypto exchange to recover more than $600,000 in crypto assets. Related Reading: Fake Bitcoin ETF Post Lands Man Plea Deal In SEC Hack Case […]
Sumit Gupta shares insights on India’s approach to CBDCs and private cryptocurrencies, emphasizing the need for balanced regulation.
XRP scammers hacked the Supreme Court of India’s YouTube account, and although it was recovered, it lost its subscriber base.
India ranked first in Chainalysis’ 2024 Global Crypto Adoption Index, in addition to ranking second in the CSAO region in terms of crypto value received.
India and Nigeria have maintained the top two positions in the world in terms of grassroots crypto adoption but Indonesia is the fastest growing, according to blockchain analytics firm Chainalysis' annual report released Wednesday.
India’s Financial Intelligence Unit is studying registration requests from four overseas crypto exchanges that were earlier banned for noncompliance with the country’s AML laws.
India is Metaverse platform The Sandbox's largest market for creators with users numbers doubling in less than a year, co-founder Sebastien Borget told CoinDesk in an interview.
Indian cryptocurrency exchange Mudrex won a court order telling the country's Ministry of Communication to take down as many as 38 websites that were exploiting the company's name to carry out scams.
India's central bank Governor Shaktikanta Das has said that while their retail central bank digital currency (CBDC) pilot has over 5 million users, there should not be in any rush to roll out a system-wide CBDC.