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Gemini invests $24M for expansion in India
26.9.2023
Launched in May, the Gemini Gurgaon Hub has since added over 70 staff
Crypto Exchange Gemini Unveils $24 Million Investment Plan to Expand Presence in India
26.9.2023
Crypto exchange Gemini has unveiled plans to significantly expand its presence in India by investing INR 200 crore (approximately $24 million USD) over the next two years.
The move comes as Gemini inaugurates its office within the Cyber Hub at Campus Cyber Greens in Gurgaon.
Currently, Gemini...
Indian Crypto Investment Platform Mudrex Expands to Italy
25.9.2023
Mudrex successfully registered with Italy's Organismo Agenti e Mediatori (OAM), a mandatory step for crypto firms, on Sept. 1, according to the CEO
India Struggles to Curb Rising Crypto Frauds, Victims Left in a Legal Abyss Amid Regulatory Ambiguity
25.9.2023
India is currently witnessing an alarming surge in cryptocurrency-related frauds, leaving investors in despair and criminals largely unchecked.
The absence of clear regulations in the cryptocurrency space can largely be attributed to the encouragement of these illicit activities. ...
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India to develop dark net monitoring tool to combat crypto fraud: Report
22.9.2023
The tool will monitor crypto wallets and alert the Indian Ministry of Home Affairs about irregular transactions, according to a report
India's Crypto Tax Relief Likely Two Years Away, Says Leading Exchange CEO
22.9.2023
India's crypto industry may have to wait for up to two years for a more lenient crypto tax regime, as per domestic exchange WazirX's CEO.
Last year, Indian authorities introduced a 1% Tax Deducted at Source (TDS) on cryptocurrency transactions, which led to a significant decline in trading...
Chainalysis Report: India Ranks Second in Global Transaction Volume Despite Tax Law Challenges
20.9.2023
India has claimed the second-largest position in the global crypto market, surpassing the UK, Turkey, and Russia in raw transaction volume.
This achievement is notable given that it comes despite challenges posed by India's anti-crypto regulatory and tax environment, a recent report from...
Indian state governments spur blockchain adoption in public administration
19.9.2023
Numerous initiatives by local and state governments in India — from data management systems to verifiable certificate issuances — currently use blockchain technology
German crypto regulator calls for global rules to also govern niche finance centers
19.9.2023
BaFin's top executive stresses the risks of crypto and calls for global regulation to apply to all financial centers, without exceptions
SEC accuses Binance of noncooperation, court unseals case documents: Law Decoded
18.9.2023
The legal struggle between the SEC and Binance.US continues, with the company hitting new lows in trading volume
India has great potential to lead metaverse technology
15.9.2023
There appears to be growing expectations from India that it will become the gateway to the metaverse. The Experimental Technology Innovation Center (XTIC) of the Indian Institute of Technology Madras will make this feasible. The target date for the creation of the metaverse’s ecosystem...
Indian Crypto Exchanges Expect Clear Regulations Following G20 Declaration
15.9.2023
The recent push by G20 members to establish a global framework to regulate crypto has sent a wave of optimism among Indian crypto firms and investors.
India’s intention to work with global consensus on regulating the crypto industry has come as good news for domestic crypto exchanges, which have...
India, Nigeria, Vietnam Lead Chainalysis Global Crypto Adoption Index
14.9.2023
Blockchain data analytics firm Chainalysis has finalized its latest Global Crypto Adoption Index. India, Nigeria, and Vietnam hold the top three positions, followed by the U.S., Ukraine, Philippines, and Indonesia. “The Central & Southern Asia and Oceania (CSAO) region dominates the...
India Tops Chainalysis' Global Crypto Adoption Index Despite Heavy Tax Regulations
13.9.2023
India has claimed the top spot in Chainalysis' 2023 Global Crypto Adoption Index despite stringent tax regulations in the country.
Chainalysis, a global blockchain surveillance firm, recently released an excerpt from its annual crypto adoption report, shedding light on how various countries...
India, Nigeria, Thailand top Chainalysis' 2023 Global Crypto Adoption Index
12.9.2023
Chainalysis’ upcoming Global Crypto Adoption Index indicates that the wider Asia region is driving grassroots adoption of cryptocurrencies
India, Nigeria, Thailand top Chainalysis’ 2023 Global Crypto Adoption Index
12.9.2023
Chainalysis’ upcoming Global Crypto Adoption Index indicates that the broader Asia region is driving grassroots cryptocurrency adoption
India to Finalize Crypto Stance in Coming Months, Economic Affairs Secretary Says
12.9.2023
India’s economic affairs secretary says the Indian government will decide on the country’s crypto position “in the coming months.” He explained that the government will consider all the recommendations presented at the G20 summit regarding crypto regulation “very carefully...
Coinbase disables new user sign-ups in India
11.9.2023
Coinbase, which is a global crypto exchange, has officially informed users in India that it is disabling new user sign-ups on its exchange product in India in June. This follows the entry of Coinbase into the markets of South Asia and the associated regulatory obstacles. The closure date...
India working on 5-point crypto legislation as ban is ruled out
11.9.2023
Indian crypto platforms could attain similar status as authorized dealers (similar to banks) under the guidelines of the Indian Central Bank RBI
Coinbase Exchange Remains Inactive in India, While Other Operations Are Still Active
11.9.2023
Coinbase continues to operate its tech-hub in India and provide wallet services to Indian customers while its exchange operations remain suspended