While Indian AML agencies have given Binance the green light to resume operations, authorities are still seeking $86 million in tax liabilities from the firm.
The registration was provisionally approved in June, subject to the crypto exchange paying a fine of about $2.2 million.
Indian cryptocurrency exchange WazirX, which suffered a $230 million exploit in July, is ending its relationship with custody provider Liminal.
Indian crypto exchange CoinDCX's co-founder Sumit Gupta has told CoinDesk that his company has established an investor protection fund, saying that if other exchanges did this too "it would be better for the eco system."
India should consider revising its taxes on crypto and not depend on its anti-money laundering rules to reverse the impact of those high taxes, a survey of Indian investors by a New Delhi-based technology policy think tank revealed.
Indian cryptocurrency exchange WazirX is facing industry and customer heat for its "Withdrawal Management Programme: Opinion Poll" in the aftermath of the $230 million hack, 45% of its user funds, it suffered earlier this month.
The primary demand from India's crypto industry was to reduce the controversial tax-deducted-at-source (TDS) policy on crypto transactions from 1% to 0.01%
The Indian crypto market, once a land of opportunity, is experiencing a regulatory frost. With authorities tightening their grip, major crypto exchanges are scrambling to stay afloat, facing restricted services, hefty fines, and even exits. Related Reading: American Entrepreneur Anthony Pompliano Advises Investors To Use Bitcoin Dips For Buying Failing The KYC Test Global giant […]
Binance, the world’s largest crypto exchange by trading volume, faces escalating regulatory challenges in multiple jurisdictions, including India, Canada, and the United States. India imposes $2.2 Million fine On June 19, India’s Financial Intelligence Unit (FIU) fined Binance 188.2 million Indian Rupees (approximately $2.2 million) for non-compliance with the country’s Anti-Money Laundering (AML) regulations. Per […]
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Singapore-based Liminal won approval to operate as a regulated custodian, another sign of its expanding footprint in the APAC and MENA regions.
India’s general election in 2024 is not expected to immediately affect crypto policy, and its current – restrictive – rules are expected to continue on through the upcoming Parliamentary term.
Binance and 9 foreign crypto exchanges were blocked in India over noncompliance with local AML regulations.
Indian customers will have to withdraw their funds by April 30.
Wifi Dabba, an Indian internet service provider, is launching a second round of its DePIN-powered devices on the Solana network to bridge the digital divide and connect millions to the internet.
The Indian stock market has been operating on a T+1 settlement cycle since 2021, which implies that all stock trades are settled the following day.
Through the IndiaAI Mission, India aims to democratize access to computing power and support nationwide AI development.
The five-nation BRICS group comprising Brazil, Russia, India, China and South Africa will work on creating a payment system based on blockchain and digital technologies, a report by Russian news agency TASS said.
India banned crypto exchanges that didn’t comply with FIU guidelines, but market experts point to a lack of regulatory clarity and high taxation, forcing crypto traders to rush to foreign exchanges.
The Mumbai Metropolis Metaverse will help citizens virtually monitor the progress of the megaprojects around the city that impact their day-to-day lives.
Uptake in hilly, rural and urban areas with little or no internet connectivity could be boosted with the introduction of offline solutions.
Even Gary Gensler voted to approve the spot Bitcoin ETFs.
Although Google’s Play Store blocked the FIU-notified crypto exchanges, they are still available and working for old users with the app installed and on the web.
Binance, KuCoin and eight other crypto exchange applications were blocked by Apple App Store India weeks after the Indian Finance Ministry’s notice against nearly a dozen foreign non-registered crypto exchanges.
Apple has removed Binance, KuCoin and other offshore cryptocurrency exchanges from its India app store days after nine such entities were sent compliance show cause notices by the Indian government.
Binance, KuCoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global and Bitfinex are the nine exchanges.
Amid its ongoing streak of expansions and collaborations, Worldcoin has reportedly rolled back one of its core functions in three markets.
Metaverse platform The Sandbox is aiming to make India its largest market within the coming 24 months.