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India’s Digital Rupee Hit 1 Million Daily Transactions in December: Report
4.1.2024
Source: AdobeStock / picsmart India’s digital rupee hit 1 million daily transactions in December, aligning with the Reserve Bank of India’s targeted goal for daily transactions by the end of 2023, Reuters reported. The central bank digital currency (CBDC), known as the e-rupee,...
CoinDCX Clarifies Fraud Complaints Against Scam Crypto App Sharing its Name
3.1.2024
Source: Shutterstock The Delhi Police have initiated a cheating case against crypto app CoinDCX, following complaints from users about alleged bank fraud. However, India’s largest crypto exchange CoinDCX clarified that the fraud did not occur on their platform but rather on a fake...
Another Man Arrested in India’s Multi-Billion GainBitcoin Ponzi Scam as Investigation Intensifies
3.1.2024
Source: Pixabay India’s probe agency, the Directorate of Enforcement (ED), has arrested Nitin Gaur, the brother-in-law of Ajay Bhardwaj, in connection with the multi-billion-dollar GainBitcoin Ponzi scam. This arrest is part of the ongoing investigation into the cryptocurrency fraud case involving...
India Cracks Down on Offshore Crypto Exchanges — Blocks Binance, 8 Other Platforms
30.12.2023
The Indian government has directed the Ministry of Electronics and Information Technology to bar access to offshore cryptocurrency exchanges deemed illegal within the country. The nine affected crypto platforms include Binance, Kucoin, Huobi, Kraken, and Bitfinex. The Ministry of Finance also...
India's Local Crypto and Web3 Advocacy Body Asked for Action Against Offshore Entities: Source
29.12.2023
The Bharat Web3 Association's (BWA) Chairman wrote the letter to the Indian government on Dec. 16
India’s Finance Ministry Seeks to Block Binance and Other Major Offshore Exchanges
28.12.2023
Source: Pexels The Indian finance ministry has issued compliance show-cause notices to nine offshore cryptocurrency exchanges, including major players like Binance, Kucoin, Huobi, and others, accusing them of operating illegally in India without adhering to local money laundering laws. The affected...
India Issues Compliance 'Show Cause' Notices to 9 Offshore Exchanges Including Binance and KuCoin
28.12.2023
Binance, KuCoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global and Bitfinex are the nine exchanges
India’s De-Dollarization Push Flounders as Oil Suppliers Cite Rupee Repatriation Concerns
28.12.2023
The Indian Oil Ministry recently acknowledged that the country’s push to pay for oil with rupees has failed because suppliers are not sure if they will be able to repatriate their funds. The decision is intended to help diminish India’s reliance on the U.S. dollar when settling...
Interview: 2023 Year-End Wrap With CoinDCX Co-Founder Neeraj Khandelwal
27.12.2023
Source: CoinDCX As we conclude 2023, a year marked by regulatory challenges and unprecedented growth, the cryptocurrency industry stands at the crossroads of uncertainty and promise. In an exclusive interview with India’s largest crypto exchange and the first crypto unicorn, CoinDCX’s...
Worldcoin Discontinues its Orb Verification Services in India, Brazil and France
21.12.2023
Source: Pixabay Worldcoin, the controversial startup led by Sam Altman, has announced plans to discontinue its Orb-verification service in India, Brazil, and France. The decision follows just months after the company’s expansion of its helmet-shaped eyeball-scanning verification device, known...
The Sandbox Aims To Make India Its Largest Market
21.12.2023
Metaverse platform The Sandbox is aiming to make India its largest market within the coming 24 months
Indian Law Enforcement Arrest Key Player in GainBitcoin Scam Year After Mastermind’s Death
19.12.2023
Source: Pexels The Directorate of Enforcement (ED) has arrested Simpy Bhardwaj aka Simpy Gaur, wife of Ajay Bhardwaj in the ongoing money laundering investigation in the country’s largest crypto ponzi scam GainBitcoin. The main accused Ajay Bhardwaj and Mahender Bhardwaj managed to escape...
Indian Government is Actively Collaborating With Crypto Industry: Liminal Custody’s Country Head
19.12.2023
Manhar Garegrat, Country Head Liminal Custory As we conclude 2023, the Indian and global crypto industry went through quite a few milestones in terms of regulatory developments. In an exclusive interview with CryptoNews, Manhar Garegrat, the Country Head for India and Global Partnerships of Liminal...
Pornhub's Most Popular Video Game Character In 2023 Was Chun-Li From... Fortnite?
18.12.2023
It shouldn’t be surprising in 2023 that a lot of people watch porn involving video game characters, but exactly who tops the list and why might indeed be unexpected.Read more
Indian Government Provides Update on Crypto Regulation
14.12.2023
The Indian government has responded to questions during a parliamentary session regarding crypto regulation in India. The government emphasized the valuable guidance provided by the IMF-FSB synthesis paper presented at the G20 summit, noting that this paper offers a framework for both G20...
Crypto Regulation News Weekly Digest: Anti-Money Laundering Support Gains Momentum in US Congress and India Takes Cautious Regulatory Approach
13.12.2023
US lawmakers push for stricter crypto regulation while India reiterated its plan for a slow, evolutionary approach to digital asset legislation. Image by Kerem Goktug Kaya, DALL-E 3. The past week saw major developments on the crypto regulation front. In the United States, The CFTC Chairman...
India to Consider Country-Specific Characteristics and Risks in Regulating Crypto: Finance Ministry
13.12.2023
Source: Pexels India’s Finance Ministry will consider country-specific characteristics and risks before implementing any measures related to crypto assets. Minister of State for Finance Pankaj Chaudhary, during a session in the Rajya Sabha, highlighted the significance of the New Delhi...
OctaFX legality in India: ED crackdown on forex trading
12.12.2023
OctaFX is a trading platform that enables customers to engage in forex transactions. The official website demonstrates success by highlighting that it grants access to a wide range of assets, currencies, and shares, among other products. It further boosts the offering of low spreads and...
Indian Government Confirms Commitment to Supporting Web3 Startups
9.12.2023
The Indian government has confirmed its commitment to supporting startups that are innovating in the Web3 sector in India. “Web3 represents the future of internet and the government is committed to ensuring that the innovators and innovation from India create the future of Web3...
India Won't See Crypto or Web3 Bill for Another 18 Months, Senior Lawmaker Tells CoinDesk
7.12.2023
India is unlikely to bring a crypto or Web3-specific legislative bill anytime soon and perhaps all the way up to mid-2025, said one of the most senior politicians in India's government overseeing the financial evolution of the nation