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India’s central bank has renewed its recommendation for a cryptocurrency policy leaning toward prohibition, while tax authorities have warned that offshore trading continues to make crypto tax enforcement difficult. According to internal government documents reviewed by Reuters, the Reserve Bank…
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Asia’s crypto scene shifts as Dubai expands licensing, Taiwan passes rules, India presses bank limits, and Russia readies its digital ruble.
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India has opened an investigation after reports alleged that Indian nationals were trafficked into Myanmar and forced to carry out crypto fraud operations inside cyber scam compounds. According to police in the western Indian state of Maharashtra, authorities have registered…
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RBI has reportedly renewed its call to keep banks and payment systems insulated from cryptocurrencies and privately issued stablecoins as India reviews its digital asset policy. As first reported by The Economic Times, Reserve Bank of India Deputy Governor Rohit…
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India’s USDT premium has climbed to more than 8.5%, more than twice its usual level, after enforcement action against crypto remittance firms has disrupted the domestic supply of the stablecoin. According to The Economic Times, Tether’s USDT traded at 102.88…
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India’s FIU asks three major exchanges for crypto OTC trade records above $10,000, targeting beneficial ownership from January 2026 onward.
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The Enforcement Directorate has filed a prosecution complaint in a cryptocurrency fraud case involving more than $20 million in stolen digital assets and has attached assets worth about INR 64.55 crore (approx. $6.83 million) linked to the alleged proceeds of…
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The article was updated with a quote from Early Warning Services CEO Cameron Fowler. Zelle operator Early Warning Services has announced plans to launch cross-border remittances to India and has introduced a U.S. dollar-backed stablecoin as part of its international…
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India issued 44,000 VDA tax notices and found $104M in hidden crypto income as stricter reporting rules tighten investor filings.
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Meta has agreed to lease a 168-megawatt AI data center in India from Reliance Industries. The facility will rise in Jamnagar, and Reliance will deliver it within two years. The deal adds new AI infrastructure for Meta while extending its…
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Coinbase launched direct INR deposits and withdrawals in India via IMPS, adding spot and futures access for users amid its India return now.
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India’s market regulator has moved ahead with a pilot project for tokenized corporate bonds, testing whether distributed ledger technology can improve liquidity and settlement efficiency in the country’s debt markets. Speaking on the sidelines of the CareEdge Debt Market Summit…
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Polymarket has reportedly appointed a Japanese representative as the prediction market platform moves toward securing approval to operate legally in the country by 2030. According to a Friday Bloomberg report citing people familiar with the matter, Polymarket sees Japan as…
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Polymarket has been blocked in India after authorities tightened enforcement against what they classify as illegal online money gaming platforms. According to an April 25 advisory issued by the Ministry of Electronics and Information Technology (MeitY), internet service providers and…
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Modi condemned Iran’s UAE attack after three Indians were injured, as Pakistan and Canada backed de-escalation amid Hormuz market risks.
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India’s premier investigative agency, the Central Bureau of Investigation, has arrested Ayush Varshney, co-founder and chief technology officer of Darwin Labs Private Limited, in connection with the alleged GainBitcoin crypto fraud. CBI arrests GainBitcoin scam suspect at Mumbai airport The…
