4 / 11 Relevant items tagged with #India
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Wazirx: Crypto and INR Balance Solutions Top Priority, Urges Users Not to Panic
[Aug 16, 2024 1:30 PM] 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…
India and Russia to Enhance Trade With Rupee-Ruble Payments
[Aug 16, 2024 11:20 AM] 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…
Binance Completes Registration With India's Financial Intelligence Unit Months After Being Fined
[Aug 15, 2024 9:05 AM] The registration was provisionally approved in June, subject to the crypto exchange paying a fine of about $2.2 million.
Wazirx Moves Funds to New Wallets After $230M Crypto Theft
[Aug 14, 2024 2:30 PM] 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…
WazirX Ends Custody Relationship With Liminal, Is Moving Funds to New Multisig Wallets
[Aug 14, 2024 10:20 AM] 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
[Aug 14, 2024 5:30 AM] 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…
Wazirx Update: Trade Reversals Near Completion, 344 Bounty Entries Received
WazirX to reverse trades after $235M crypto hack
[Aug 8, 2024 10:25 AM] WazirX, one of the largest crypto exchanges in India, lost $235 million to a multisig wallet security breach in July 2024.
Post WazirX Hack, India's CoinDCX Starts Investor Protection Fund With $6M
[Aug 6, 2024 11:30 PM] Indian crypto exchange CoinDCX's co-founder Sumit Gupta has told CoinDesk that his company has established an investor protection fund, saying that if other exchanges did this too "it would be better for the eco system."
Wazirx Announces FIR Filing Following Major Cyberattack
[Aug 6, 2024 4:16 PM] Indian crypto exchange Wazirx has updated users about the recent cyberattack, confirming the filing of a First Information Report (FIR) to address the hack. Cofounder Nischal Shetty emphasized that a police complaint was made the day after the…
Binance Hit With $87 Million Tax Bill in India
[Aug 6, 2024 3:16 PM] Global crypto exchange Binance has received a goods and services tax (GST) bill of Rs 722 crore ($87 million) in India for non-compliance with the country’s tax regulations. This is the first instance of a cryptocurrency firm facing such…
India demands $86M from Binance in unpaid GST taxes
[Aug 6, 2024 8:11 AM] Binance faces a demand for nearly $86 million in unpaid GST from Indian authorities, aiming to resume operations after a previous ban.
Binance Has Challenged India's $86M Tax Showcause Notice: Source
[Aug 6, 2024 6:55 AM] Binance, the world's largest cryptocurrency exchange, has "challenged" a nearly $86 million tax notice from India's Directorate General of Goods and Services Tax Intelligence (DGGI), a person directly involved with the matter told CoinDesk.
Indian Court Reaffirms Legality of Cryptocurrency, Grants Bail to Yes World CEO
[Aug 3, 2024 3:16 PM] The Orissa High Court in India has reaffirmed that cryptocurrency trading and transactions are neither banned nor deemed illegal in India. Citing the legality of crypto, the court granted bail to Sandeep Chowdhury, CEO of Yes World, who was accused…
Indian Survey Reveals Impact of Crypto Taxes and Anti-Money Laundering Rules on Investors
[Aug 2, 2024 6:25 AM] India should consider revising its taxes on crypto and not depend on its anti-money laundering rules to reverse the impact of those high taxes, a survey of Indian investors by a New Delhi-based technology policy think tank revealed.
India’s Digital Rupee Surpasses 5 Million Users, RBI Discloses
[Aug 1, 2024 11:20 AM] India’s central bank, the Reserve Bank of India (RBI), has revealed that as of June, there were five million digital rupee users and 420,000 merchants participating in the retail central bank digital currency (CBDC) pilot. The RBI emphasized…
Bybit introduces Indian digital rupee CBDC payment option
[Jul 31, 2024 6:22 PM] The use of the CBDC on the cryptocurrency exchange will enhance security and, it hopes, attract merchants.
WazirX Co-Founder Nischal Shetty Says All Options Are on the Table for Fund Recovery
[Jul 30, 2024 4:48 PM] Indian cryptocurrency exchange WazirX’s co-founder Nischal Shetty told CoinDesk that outreach efforts to different exchanges "are going to be crucial," as it remains open to "everything that is possible to help solve this situation."
Coindcx Urges Wazirx to Reconsider Passing 45% Losses to Customers
Wazirx Says ‘Poll Is Not Final’ — Shares Additional Cyberattack Recovery Plan
WazirX Surveys Users on Recovery Options After $230M Hack, Leaves Customers and Industry Players Fuming
[Jul 29, 2024 12:53 PM] Indian cryptocurrency exchange WazirX is facing industry and customer heat for its "Withdrawal Management Programme: Opinion Poll" in the aftermath of the $230 million hack, 45% of its user funds, it suffered earlier this month.
RFK Jr. Pledges to Ensure US Government Holds 4 Million Bitcoins as Strategic Reserve if Elected President
[Jul 27, 2024 10:45 AM] U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) has promised significant bitcoin-related changes if elected. On day one of his presidency, he plans to transfer 200,000 bitcoins to the U.S. Treasury and mandate the government to purchase…
Wazirx Rolls Out Socialized Loss Strategy Across All Users Post $230M Cyberattack
[Jul 27, 2024 8:05 AM] Indian cryptocurrency exchange Wazirx is implementing a socialized loss strategy to distribute the impact of the recent $230 million cyberattack among all its users. The exchange stated that 55% of users’ crypto assets will be accessible…
Wazirx Details Plan to Resume Withdrawals and Trading — Insists Signers’ Machines Show ‘No Evidence of Compromise’
[Jul 25, 2024 9:22 AM] Indian crypto exchange Wazirx has provided an update on its progress to enable users to withdraw funds and resume trading on its platform following a cyberattack that caused a loss of over $230 million. “Our preliminary investigation reveals…
Indian City of Raipur Puts Real Estate Records on Blockchain With AirChains
[Jul 25, 2024 3:48 AM] Raipur, the capital city of the Indian state of Chhattisgarh, has started bringing building records on blockchain with the help of AirChains, an India based Zero-Knowledge (ZK) roll up.
India Has Seen 92 Drug Trafficking Cases in Four Years Involving Dark Net and Crypto
[Jul 25, 2024 3:42 AM] India has seen as many as 92 cases since 2020 till April 2024 involving dark net and cryptocurrencies to purchase drugs, the nation's junior Home Minister Nityanand Rai said to parliament on Wednesday.
India cracks down on darknet drug deals using crypto tracking
[Jul 25, 2024 2:23 AM] India’s NCB forms a special task force and initiates digital forensics training to tackle the growing misuse of cryptocurrencies in drug trafficking.
India to Release Its Crypto Policy Stance by September After Stakeholder Consultations: Report
[Jul 25, 2024 1:29 AM] India plans to put out a discussion paper outlining its policy stance on cryptocurrencies before September, according to Indian news outlet Moneycontrol citing an interview with Senior Finance Ministry Official Ajay Seth.