India

Bitcoin Scam Investigation Sees Raj Kundra's Assets Seized

OKX, a cryptocurrency exchange, discontinues services in India due to regulatory hurdles. Users instructed to withdraw funds by April 30. Regulatory uncertainty and stringent tax regulations contribute to challenges faced by crypto exchanges operating in India.

Mudrex introduces U.S. spot bitcoin ETFs to Indian investors, navigating regulatory complexities, and enabling diversification under the Liberalised Remittance Scheme.

Core Foundation introduces a $5 million fund to boost Bitcoin-aligned projects in India, tapping into the country's thriving Web3 ecosystem. This initiative aims to empower Indian builders and scale Bitcoin adoption, poised to stimulate India's crypto economy.

India's RBI cautiously progresses on its digital rupee, balancing innovation with privacy and regulatory prudence, while showing openness to cryptocurrency taxation adjustments and startup collaborations in CBDC development.

India and Russia unite, shaping the digital economy and challenging traditional economic norms, while navigating complex geopolitical landscapes

Explore the recent developments in the Indian cryptocurrency market, including the removal of major crypto exchange apps from Apple's App Store and the evolving regulatory landscape.

India has heightened its crackdown on offshore crypto exchanges, leading Apple to remove apps of platforms like Binance and Bitfinex from its App Store within the country. Regulatory measures, including compliance notices and a 1% levy called Tax Deducted at Source (TDS), reflect India's commitment to enforcing crypto regulations, impacting both local and offshore exchanges.

The India-UAE oil trade in rupees signifies a major shift from dollar dominance, reflecting the BRICS nations' commitment to alternative trade currencies and the rising influence of emerging economies in global finance.

India’s Financial Intelligence Unit has taken steps to block the URLs of nine cryptocurrency exchanges. The move comes as the FIU claims these exchanges are "operating illegally" and not complying with the Prevention of Money Laundering Act.