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Coinbase has confirmed that Indian rupee withdrawals have remained unavailable in India on Nov. 14, five days after its status page first flagged an outage at a banking partner. Coinbase India said in a Nov. 14 X update that the…
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BitGo has said its systems were not breached in the Unocoin incident, with its review finding that outgoing transactions were signed using two keys held by the Indian exchange after its account was frozen on Nov. 6. BitGo, in a…
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Indian cryptocurrency exchange Unocoin has remained inaccessible to users following a November 9 security incident, while blockchain analytics platform Arkham Intelligence is showing zero holdings across approximately 81,000 addresses associated with the exchange. In a November 9 statement, Unocoin confirmed…
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Indian traders could use rupees to open positions tied to Bitcoin or Tesla. The Enforcement Directorate wants to know who placed the corresponding trades abroad, how those positions were funded and whether the exchanges followed India’s foreign exchange rules. India’s…
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India's RBI and FIU are reportedly examining offshore crypto cards, including RedotPay, after users reported payment disruptions and legal concerns.
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This article has been updated to include Mudrex’s statement on the ED searches, its compliance controls, and its assurances regarding platform operations and user funds. India’s Enforcement Directorate has searched premises linked to Mudrex and Instadapp in an investigation into…
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CoinDCX confirms a 15.99 million USDT loss tied to compromised legacy wallets after initially denying another hack, while saying customer balances remain safe.
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Cardano Foundation has reported that 100,000 farms in India have been registered on Cardano through 5am.earth’s agricultural data project. In its Oct. 21 announcement, Cardano Foundation said that the registrations support verifiable, reusable farm records across the project’s ecosystem. The…
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India’s RBI remains cautious on crypto over monetary and capital-flow risks while backing tokenization, CBDC pilots and digital bonds.
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India has remained Central and Southeast Asia and Oceania’s largest market for centralized crypto exchange inflows, receiving $88.4 billion through CEXs even as its overall crypto economy contracted 14.7% during the latest reporting period. According to Chainalysis, India recorded $135…
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India’s Maharashtra state has begun preparing policies to tokenize up to 50% of selected electricity transmission assets to finance new power lines and solar energy storage facilities. Maharashtra considers tokens tied to power revenue Praveen Pardeshi, chief economic adviser to…
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India and Russia have begun working on a digital currency settlement mechanism for bilateral trade as their central banks examine how state-issued currencies could be used for cross-border payments. Sberbank Chief Executive Officer Herman Gref said the Bank of Russia…
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India’s Demat 2.0 pilot has issued ₹1,025 crore in tokenized corporate bonds, using the RBI’s digital rupee for settlement.
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Arya.ag is using an Avalanche-based ledger to record grain deposits, warehouse receipts and loans across its $2 billion crop network.
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India’s Financial Intelligence Unit has issued non-compliance notices to 15 crypto service providers and ordered action to take down their apps and URLs in India for operating without meeting the country’s anti-money laundering requirements. The Financial Intelligence Unit-India said Tuesday…
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India has set plans to launch its first tokenized corporate bonds next month through an REC issue of less than 5 billion rupees ($57 million), with the digital rupee set to settle transactions on blockchain-based infrastructure. Reuters reported on Aug.…
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