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The Reserve Bank of India prioritizes the long-term potential of central bank digital currencies but is holding off on a full rollout until its effects are better understood. India‘s central bank is taking a measured approach to launching a central…
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Delhi police arrested a West Bengal resident in connection with a hacker attack that drained $235 million worth of crypto from WazirX. Indian authorities have arrested a suspect in the $235 million hack of cryptocurrency exchange WazirX, India Today reports,…
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Law enforcement in India launched an investigation into a crypto investment scam that duped locals out of millions after promising fixed monthly returns of 10%. A Nov. 4 report from the Deccan Chronicle cited police officials who are investigating a…
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The Indian central bank governor views stablecoins as a risk to government sovereignty over the monetary system. Speaking at the G30 39th Annual International Banking Seminar held in Washington DC, Reserve Bank of India governor Shaktikanta Das said he has…
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A group of victims is preparing a lawsuit against crypto exchange WazirX following the $235 million hack. Thirty victims of the July 18 hack on WazirX, which saw roughly 45% of user funds drained from the platform’s hot wallet, are…
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Crypto exchange WazirX is searching for a new custodian that can offer insurance for user funds, aiming to enhance security and minimize risk. Indian cryptocurrency exchange WazirX is actively seeking a new custodian partner that can provide insurance for user…
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Regulators in India are considering banning cryptocurrencies like Bitcoin and Ether and are instead, promoting the use of the digital rupee. On Oct. 22, local media outlet the Hindustan Times cited two officials familiar with the matter who claimed that…
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Binance and the Delhi Police have dismantled a $100,000 scam, which misled investors with false claims tied to India’s renewable energy initiatives. Cryptocurrency exchange Binance has teamed up with Indian police to bust a sophisticated scam involving a fraudulent entity…
USDT
Tether
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India has the potential to facilitate efficient cross-border payments using Central Bank Digital Currency according to the Reserve Bank of India governor Shaktikanta Das. According to a local report, during his keynote address at the conference on Central Banking at…
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Officials from India’s Financial Intelligence Unit and other agencies are probing WazirX over a $235 million crypto hack, as the exchange investigates potential insider involvement. Indian cryptocurrency exchange WazirX is collaborating with government agencies, including the Financial Intelligence Unit, to…
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Indians are being lured with fake job offers promising high salaries, only to be trapped in Southeast Asia’s cyber slavery and cryptocurrency fraud rings. According to reports from local media, tens of thousands of Indian nationals are trapped as cyber…
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Leading cryptocurrency exchange, Binance, says it has helped India’s Enforcement Directorate recover $47.6 million in losses suffered by victims of a gaming scam involving the online gaming platform Fiewin. Binance, the world’s largest cryptocurrency exchange by trading volume, announced on…
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Hackers compromised the Supreme Court of India’s official YouTube channel to promote a fraudulent cryptocurrency scheme involving Ripple’s XRP token. The channel was taken over on September 20 and was quickly rebranded and used to livestream a fake video featuring…
XRP
XRP
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A new report reveals that 134 countries, covering 98% of the global economy, are exploring digital currencies, with 44 currently piloting CBDCs. Central bank digital currencies are gaining widespread attention, with nearly 99% of the global economy now focused on…
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Indian police are investigating the “Datameer” crypto trading app, which allegedly duped at least 700 locals out of inr 10 million. According to a local report, the scheme promised returns of up to 50% to unsuspecting investors who were told…
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Stablecoins settled $3.7 trillion in 2023 and are on pace to reach $5.28 trillion in 2024, with growing usage beyond exchange settlement, new research shows. Stablecoins continue to solidify their role in the global financial landscape, with settlement volumes reaching…
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