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Indian police have arrested Aleksej Besciokov, co-founder of Garantex, a Russian cryptocurrency exchange sanctioned by the U.S. and the European Union for facilitating money laundering. Besciokov, a Lithuanian national, was detained in Varkala, Kerala, under India’s extradition law, according to…
Feature
1,200+ web3 startups, billions in investment, yet zero regulatory clarity — how long can India’s blockchain industry survive without clear rules? India’s web3 boom A few years ago, India’s blockchain scene was a playground for retail traders testing the waters…
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U.S.-based cryptocurrency exchange Coinbase has registered with India’s financial regulator to offer crypto trading services in the country. Coinbase is preparing to re-enter the Indian market after securing regulatory approval from the country’s Financial Intelligence Unit. In a March 11…
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India’s Enforcement Directorate has enlisted CoinDCX to provide custodian services for seized cryptocurrency. Enforcement Directorate, India‘s law enforcement and economic intelligence agency, has selected cryptocurrency exchange CoinDCX to manage cryptocurrencies seized during ongoing investigations. In a March 5 press release…
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PayPal and HDFC Bank-backed Mintoak has acquired Digiledge in a $3.5 million deal, marking the first acquisition in India’s central bank digital currency space. Mintoak, an Indian ecommerce startup that facilitates merchant payments, has acquired Digiledge in a deal worth…
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Law enforcement in India has arrested three in connection to a large-scale crypto fraud that lured over 2,000 victims with promises of lucrative returns. According to local media, police in the northeastern Indian state of Assam have cracked down on…
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Bybit has resumed its trading services in India after securing registration with Indian authorities, the exchange announced on Feb. 25. The move restores full access to Bybit’s platform for existing users, with new user onboarding also beginning gradually. The exchange…
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Crypto trading in India is booming, with volumes hitting nearly $2 billion as small-city investors seek financial stability amid sluggish job and wage growth. Crypto trading volumes in India jumped to $1.9 billion in Q4 2024, more than doubling from…
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Kraken exchange is getting ready to rejoin the Indian market after being banned in 2024 for violating anti-money laundering laws. The exchange has been working with local authorities to secure the permits required to resume operations. According to a news…
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After a failed launch in 2022, Coinbase is now seeking approval from Indian regulators to restart its operations in the country. More than a year after pulling out of India, Coinbase seems to be working on making a comeback. The…
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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…
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Is India having a crypto change of heart? Economic Affairs Secretary Ajay Seth spoke to Reuters about the possibility.
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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…
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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…
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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…
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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…
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