Indian Crypto Exchange CoinDCX Acquires BitOasis to Enter Middle East
[Jul 3, 2024 4:30 AM] The acquisition will provide a boost to BitOasis' plans to expand its presence across the region.
5 / 11 Relevant items tagged with #India
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Bitget in ‘active discussions’ to receive licensing in India
[Jul 3, 2024 3:08 AM] Bitget is currently operating in the Indian market but faces some issues with signing up new users due to certain regulatory limitations.
India’s Digital Rupee Usage Drops Drastically After Initial Surge
[Jun 25, 2024 8:35 PM] India’s central bank digital currency (CBDC), the digital rupee, has experienced a significant decline in usage, decreasing to a tenth of its peak in December 2023, according to sources involved in the pilot project. The Reserve Bank of India (RBI)…
Indian Authority Fines Crypto Exchange Binance $2.25 Million for AML Violations
Binance fined $2.25M by India’s Financial Intelligence Unit
[Jun 20, 2024 12:56 AM] India’s financial watchdog issued charges against Binance after reviewing written and oral submissions from the Binance director and available company records.
Binance Fined $2.2M by India’s Financial Intelligence Unit
[Jun 19, 2024 11:11 PM] Binance, the world's largest cryptocurrency exchange, has been fined approximately $2.2 million (18.82 crore INR) for providing services to Indian clients without adhering to the nation's anti-money laundering rules, India's anti-money laundering…
Modi Reappoints Nirmala Sitharaman as India’s Finance Minister — Investors Remain Concerned Over High Crypto Taxes
[Jun 10, 2024 5:16 PM] Indian Prime Minister Narendra Modi has reappointed Nirmala Sitharaman as Finance Minister. She remains instrumental in shaping India’s economic policies, including cryptocurrency regulation and taxation. Nirmala Sitharaman Reappointed as…
Indian Authority Busts Cryptocurrency Fraud Ring Targeting Foreign National
[Jun 8, 2024 7:37 PM] India’s Enforcement Directorate (ED) has cracked down on a cryptocurrency fraud ring targeting a foreign national. The accused persuaded the victim to transfer $400,000 to a cryptocurrency account set up using unauthorized remote access. The…
India Springs Election Surprise, Sends Equity Market Crashing With Uncertain Implications for Crypto
[Jun 4, 2024 9:40 AM] India's voters have sprung an election surprise, even though Prime Minister Narendra Modi's party and its allies are poised to return to power, a result that could see the government kick the crypto policy can down the road" in terms of its…
India Repatriates 100 Tonnes of Gold From UK, Aims to Move More
[Jun 3, 2024 7:36 PM] According to local media reports, the Reserve Bank of India has repatriated 100 tonnes of gold that was held in the vaults of the Bank of England. The operation, carried out in special circumstances due to the quantity of gold moved, may be…
Dabba Announces Expansion of 10,000 New Wifi Hotspots in India Through Depin Program
[May 27, 2024 10:32 AM] Dabba, a decentralized physical infrastructure network (Depin), has announced it will deploy 10,000 new wifi hotspots globally, aiming to enhance internet accessibility in underserved Indian regions. This expansion coincides with the upcoming token…
Indian Finance Minister: Crypto Regulation Needs Global Consensus
[May 20, 2024 3:15 PM] Indian Finance Minister Nirmala Sitharaman advocates for global consensus on cryptocurrency regulation, highlighting the need for international cooperation, particularly within the G20. She noted that while Indian regulators have differing opinions…
Indian Regulator Advocates Multi-Agency Approach for Crypto
[May 18, 2024 5:20 AM] The Securities and Exchange Board of India (SEBI) has submitted its recommendations for regulating crypto assets to a government panel. SEBI suggests multiple regulators for different aspects of cryptocurrency trade. India’s central bank, the…
India’s SEBI recommends local regulators to monitor crypto trading
[May 16, 2024 11:10 AM] Documents reveal SEBI’s recommendation for distributed regulatory oversight of cryptocurrencies in India.
India's Market Regulator Suggests Shared Crypto Oversight Even as RBI Seeks Stablecoin Ban: Reuters
[May 16, 2024 5:17 AM] The Securities and Exchange Board of India submitted a recommendation that several regulators should oversee trade in cryptocurrencies, Reuters reported citing documents.
Indian Crypto Exchange CoinDCX’s DeFi Arm Okto to Launch Blockchain and OKTO Token
[May 13, 2024 11:09 PM] Indian crypto exchange CoinDCX has expanded what started as the Okto wallet into an Okto ecosystem, which will include launching a blockchain and a token soon, and a points program starting Tuesday, to give global users a single-click mobile…
House overturns SEC’s anti-crypto guidance, Biden to veto: Law Decoded
[May 13, 2024 1:05 PM] U.S. President Joe Biden may block the U.S. House of Representatives’ decision.
Custody Provider Liminal Wins Approval in Abu Dhabi as It Extends Expansion in Asia
[May 13, 2024 3:49 AM] Singapore-based Liminal won approval to operate as a regulated custodian, another sign of its expanding footprint in the APAC and MENA regions.
Binance, KuCoin Win Registration From India Anti-Money Laundering Regulator as Crypto Credibility Improves
[May 10, 2024 4:27 AM] KuCoin has paid a fine of $41,000 and Binance's financial penalty is still to be determined after a hearing with India's FIU.
Vodafone looks to integrate crypto wallets with sim cards
[May 4, 2024 10:36 AM] The telecom company is reportedly seeking $1.8 billion in loans amid a plan to raise a total of $2.9 billion in debt
What’s at Stake for Crypto in India As the World’s Largest Democracy Is in the Midst of Its National Election?
[Apr 24, 2024 1:51 AM] India’s general election in 2024 is not expected to immediately affect crypto policy, and its current – restrictive – rules are expected to continue on through the upcoming Parliamentary term.
Binance Set to Re-Enter Indian Market With $2 Million Fine Settlement
[Apr 18, 2024 2:36 AM] Binance and nine other foreign crypto exchanges were originally blocked in India due to non-compliance with the country’s Anti-Money Laundering (AML) regulations, but Binance is set to return after a four-month absence by paying a $2-million…
Binance Could Come Back to India by Paying $2M Fine: Report
[Apr 18, 2024 12:39 AM] The exchange could return as a FIU-registered firm after paying the fine, the report added.
India’s Digital Rupee Expands: Non-Banks to Offer Central Bank Digital Currency Wallets
Crypto Exchange Okx Shuts Down Services in India Due to Regulations — Advises Users to Withdraw All Funds
Crypto Exchange OKX to End Services in India
[Mar 21, 2024 6:14 AM] Indian customers will have to withdraw their funds by April 30.
Instant Settlement Needed to Compete With Crypto, India's Markets Regulator Says
[Mar 13, 2024 4:09 AM] The chairperson of India's markets regulator has warned that if it doesn't offer instant settlement investors will move to spaces like the crypto industry.
Indian Crypto Investment Platform Mudrex to Offer U.S. Bitcoin ETFs to Indian Investors
[Mar 11, 2024 2:51 AM] Indian cryptocurrency investment platform Mudrex will offer U.S. spot-bitcoin exchange-traded funds (ETFs) to Indian investors, both institutions and retailers, CEO and co-founder Edul Patel said.
BRICS Will Create Payment System Based on Digital Currencies and Blockchain: Report
[Mar 4, 2024 11:40 PM] The five-nation BRICS group comprising Brazil, Russia, India, China and South Africa will work on creating a payment system based on blockchain and digital technologies, a report by Russian news agency TASS said.
India CBDC Insider Reveals Current Stance of Country's Central Bank
[Feb 1, 2024 6:30 PM] India’s central bank is taking a very cautious approach in developing its digital rupee, a senior official familiar with India’s central bank digital currency (CBDC) pilot programs told CoinDesk, though it's making some progress.