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WazirX announces INR withdrawals will resume on Aug. 26
23.8.2024
The crypto exchange did not provide a timeline on when crypto withdrawals might resume, citing legal issues
Wazirx to Resume INR Withdrawals Up to 66% — Crypto Withdrawals Remain Suspended
23.8.2024
Indian crypto exchange Wazirx has announced that INR withdrawals will resume in phases starting on Aug. 26, following a cyberattack that disrupted services. To manage crypto balances, Wazirx plans to implement a Singapore Scheme of Arrangement to facilitate the distribution of crypto assets....
WazirX to Phase In Indian Rupee Withdrawals Starting Aug. 26
23.8.2024
Users of the Indian crypto exchange will be able to take out up to 66% of their rupee funds in two phases following a suspension instituted after last month's $230 million dollar hack
India Set to Release Crypto Consultation Paper
22.8.2024
India is gearing up to release a crucial consultation paper on cryptocurrencies. The Department of Economic Affairs (DEA),…
India’s crypto future hinges on DEA’s September consultation paper
22.8.2024
The DEA’s paper is expected to be a watershed moment for India’s crypto regulation, potentially setting the stage for comprehensive legislation
RBI Report Highlights India’s Central Bank Digital Currency Development
21.8.2024
India’s central bank, the Reserve Bank of India (RBI), published its August bulletin on Monday. The report discusses several aspects of central bank digital currency (CBDC) and its implications. The RBI is actively involved in developing CBDC initiatives to enhance cross-border payments...
Binance’s return to India comes with $86M tax demand
20.8.2024
While Indian AML agencies have given Binance the green light to resume operations, authorities are still seeking $86 million in tax liabilities from the firm
BitConnect Employees Kidnapping Leads to Arrest in India
19.8.2024
India’s law enforcement arrested a man suspected of kidnapping two people associated with a once-well-known crypto “Ponzi” scheme…
Binance Goes Live in India: Full Access for Indian Users
17.8.2024
Binance has registered as a reporting entity with India’s Financial Intelligence Unit. Binance CEO Richard Teng emphasized the importance of the Indian market and the crypto exchange’s dedication to providing secure and efficient services. With this registration, Indian users now have...
Wazirx: Crypto and INR Balance Solutions Top Priority, Urges Users Not to Panic
16.8.2024
Indian crypto exchange Wazirx has informed users that it is focusing on resolving issues related to INR and crypto balances. The exchange emphasized that both solutions require ongoing legal analysis and urged users not to panic. Wazirx acknowledged users’ frustration but cautioned that...
India and Russia to Enhance Trade With Rupee-Ruble Payments
16.8.2024
India and Russia are discussing ways to enhance bilateral trade by adopting payments in their national currencies and reducing non-tariff barriers. The talks aim to facilitate rupee-ruble trade and address trade imbalances, particularly as petroleum dominates current transactions. With...
Binance Available in India After Obtaining FIU Registration
15.8.2024
Binance, the leading global crypto exchange, has announced its return to India today. The exchange has made yet…
Binance Completes Registration With India's Financial Intelligence Unit Months After Being Fined
15.8.2024
The registration was provisionally approved in June, subject to the crypto exchange paying a fine of about $2.2 million
Binance returns India as registered crypto exchange following 7-month ban
15.8.2024
Binance returns to India after registering with the FIU-IND, marking its 19th global regulatory milestone
Wazirx Moves Funds to New Wallets After $230M Crypto Theft
14.8.2024
Indian crypto exchange Wazirx is in the process of migrating the remaining assets from custodian Liminal to new multisig wallets following a security breach that resulted in the theft of over $230 million. Wazirx claims that while its own systems remain secure, the custodian’s interface...
WazirX Ends Custody Relationship With Liminal, Is Moving Funds to New Multisig Wallets
14.8.2024
Indian cryptocurrency exchange WazirX, which suffered a $230 million exploit in July, is ending its relationship with custody provider Liminal
BRICS Countries Deem US Dollar Less Important in Global Trade, Says Indian Expert
14.8.2024
The vice chairman of the BRICS Chamber of Commerce and Industry, Sameep Shastri, has highlighted the economic bloc’s shift away from reliance on the U.S. dollar, opting instead to trade using their national currencies like the Russian ruble, Indian rupee, and Chinese yuan. He underscored...
Wazirx Update: Trade Reversals Near Completion, 344 Bounty Entries Received
13.8.2024
Indian crypto exchange Wazirx says it is close to completing the reversal of trades after the $230 million cyberattack. “We’re working with legal experts to help us formulate an effective method for enabling withdrawals,” the exchange stated. Additionally, Wazirx revealed that...
WazirX to reverse trades after $235M crypto hack
8.8.2024
WazirX, one of the largest crypto exchanges in India, lost $235 million to a multisig wallet security breach in July 2024
WazirX to reverse trades after $235M crypto hack
8.8.2024
WazirX, one of the largest crypto exchanges in India, lost $235 million to a multisig wallet security breach in July 2024