India News

Eight persons, including four law enforcement officers, were arrested by India’s special investigation team (SIT) in connection to a massive cryptocurrency fraud scheme dating back to 2018.

Gemini has appointed a new, experienced head of operations for the Indian market after its $24 million investment.

The U.S.-based cryptocurrency exchange also plans to double its headcount in India from 70 to 150 employees.

Tax relief for crypto transactions in India is unlikely for at least two more years, according to WazirX CEO Nischal Shetty

The Reserve Bank of India is said to be working with local banks to link the digital version of e-rupee with the country’s national payments system. India’s central bank, the Reserve Bank of India (RBI), is reportedly collaborating with local…

In a statement to crypto.news, Coinbase has denied leaving the Indian market in September. Crypto.news has contacted Coinbase to understand the company’s current rumors about leaving the Indian market that were initially reported by the local newspaper, Economic Times. Coinbase…

India is set to make a decisive move on cryptocurrency regulations following recent global discussions, leaning away from an outright ban.

The G2O intergovernmental forum, on Sept. 9, voiced its support for a slew of recommendations prepared by the FSB to regulate and oversee the global crypto industry.

India’s Minister of Finance, Nirmala Sitharaman, said that all countries must unite for better worldwide crypto regulation. Speaking at the Global Fintech Fest 2023, Sitharaman added that there should be a global regulatory framework “for handling issues related to crypto…

The National Payments Corporation of India (NPCI) is looking to expand in the blockchain industry by hiring a head of blockchain. The company posted a new LinkedIn position titled “Head of Blockchain.” The new hire will lead the institution’s expansion towards using…

Major Indian crypto exchange CoinSwitch has laid off some members of its customer support team amid uncertain crypto regulation and stringent crypto taxation. CoinSwitch, a crypto exchange backed by Andreessen Horowitz and Coinbase Ventures, has axed 44 employees from the…

CoinDCX, a top Indian cryptocurrency exchange, is slashing 12% of its staff as a prolonged bear market and the nation’s tax policies impact revenue. Founded in 2018 by Neeraj Khandelwal and Sumit Gupta, the Mumbai-based cryptocurrency exchange employs approximately 590…

Indian authorities are intensifying their crackdown on gaming and betting applications using cryptos and offshore companies to evade taxes.  According to a report from The Economic Times, several agencies are investigating networks of dummy companies that allegedly use crypto assets…

The Indian Economic Offenses Wing (EOW) revealed a crypto-related Ponzi scheme exploiting over 200,000 individuals across different states in India. According to a report by Asian News International (ANI), Solar Techno Alliance developed a digital asset on Binance Smart Chain…

The G20 has released a Presidency Note emphasizing the importance of consistent crypto regulation and guidance across different jurisdictions

Bitbns customers woke up to find their digital wallets cleaned out. This unfolding saga is a testament to the new-age challenges the burgeoning crypto market continues to face. The unthinkable happened on July 27 morning in the fleeting digital universe…