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Hacker Indian crypto exchange WazirX’s latest move has users furious: either support new DEX plan or sit tight for five years to get their money back. Indian crypto exchange WazirX, which lost hundreds of millions in customer funds in a…
News
Is India having a crypto change of heart? Economic Affairs Secretary Ajay Seth spoke to Reuters about the possibility.
News
Birla Institute of Management Technology, a premier business school in India, has launched its in-house cryptocurrency for use on campus. Dubbed BIMCOIN, the cryptocurrency will help enable transactions between students, vendors, and administrators while also serving as a practical tool…
News
Crypto exchange Mudrex announced Sunday that it has temporarily suspended crypto withdrawals, citing compliance concerns and the need to prevent misuse by bad actors. Mudrex, a Bengaluru-based crypto exchange platform supported by Y Combinator, Better Capital, and Woodstock Fund, has…
News
Bybit will temporarily restrict its services for Indian users starting Jan. 12. This pause comes as the platform completes its registration as a Virtual Digital Asset Service Provider with India’s Financial Intelligence Unit, according to a company announcement. During this…
News
India is working with tech giants Google and Facebook to combat a surge in pig butchering scams, which often involve cryptocurrencies being used both as a hook to lure victims and a tool to launder the stolen funds. According to…
News
Cryptocurrencies, including stablecoins, pose significant risks to financial stability, according to the Reserve Bank of India. Reiterating its long-held anti-crypto stance, the RBI highlighted the various risks involved with digital assets in its Dec. 30 Financial Stability Report for 2024.…
News
Hawala networks and crypto transactions have emerged as part of a complex money laundering plot that the income tax authorities in Jaipur have uncovered.
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India could lose over $2 billion in tax revenue from cryptocurrency transactions over the next five years due to its tax policies driving traders to offshore platforms, according to a recent report. The December report from Indian technology think tank…
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The Indian government stated in a recent declaration to Lok Sabha that there is no fixed timeline for the rollout of the comprehensive set of regulatory guidelines for the country's Virtual Digital Assets sector.
News
Solana is reported as the fastest-growing blockchain in terms of new crypto developers, with growth that is up to double-digit in a single year. According to the Electric Capital report on Dec. 12, Solana (SOL) is the number one blockchain…
SOL
Solana
News
India’s chief economic advisor wants regulators to foster innovation in the cryptocurrency sector while upholding transparency and accountability. Speaking at the Global Economic Policy Forum 2024, V. Anantha Nageswaran, the Chief Economic Advisor of the Ministry of Finance, said regulators…
News
Jetking Infotrain, a 77-year-old Indian IT training company, has become the first publicly listed business in India to adopt Bitcoin as part of its corporate treasury strategy. The company announced the purchase of 12 Bitcoin (BTC), valued at approximately $1.2…
BTC
Bitcoin
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Binance accounted for the highest Goods and Service Tax evasion among registered cryptocurrency exchanges in India, according to the Indian Finance Ministry. Responding to a parliamentary question regarding tax compliance by cryptocurrency exchanges, Minister of State for Finance Pankaj Chaudhary…
Feature
Could new allegations against WazirX reveal the truth about the July hack, or are frustrated users fueling unfounded conspiracy theories? WazirX under the radar “again” On Jul. 18, India’s crypto community was rocked when WazirX, the country’s largest crypto exchange,…
News
India will likely establish mobile payment ties with other countries to improve cross-border payments, trades, and remittances.
