Floki’s Valhalla Joins as Associate Sponsors for India’s Tour of Sri Lanka
Miami, Florida, 23rd July 2024, Chainwire
July 23, 2024
2 mins read
Search Results for: india
India Keeps Crypto Tax Unchanged After 2024 Budget Meet
In the budget meeting for the fiscal year 2024-2025, India’s Finance Minister Nirmala Sitharaman upheld the existing tax regulations on cryptocurrencies, leaving the controversial tax-deducted-at-source (TDS) rate at 1% unchanged. This decision follows a significant urge from the crypto sector, which had asked for a reduction of the TDS to
July 23, 2024
2 mins read
Indian Exchange WazirX Faces Massive Hack With $230M Stolen
Web3 security firm Cyvers has detected multiple suspicious transactions involving prominent Indian exchange WazirX’s Safe Multisig wallet on Ethereum. According to an X post, it is believed that $234.9 million of funds in the Multisig have been moved to a new address. Each transaction’s caller was funded by Tornado Cash,
July 18, 2024
2 mins read
Interakt Set to Participate in Octaloop’s Third Edition of the India Blockchain Tour
Interakt, a software development company specializing in Web3 solutions and marketing, announces its title sponsorship of Octaloop’s third edition of the India Blockchain Tour. The tour will span six major Indian cities from July 13 to August 31, 2024, including New Delhi, Hyderabad, Mumbai, Bangalore, Chennai, and Kolkata. As India’s
July 10, 2024
2 mins read
Venom Expands into India with Dual Listings on WazirX and CoinDCX
Global, Global, 4th July 2024, Chainwire
July 4, 2024
2 mins read
Indian Rupee Hits Record Low as Tether Faces Potential Collapse
The Indian rupee dived 0.2% to an all-time low of 83.6512 against the U.S. dollar, surpassing the early low of 83.5750 hit in April, according to the Bloomberg-compiled prices. The current low was amid continuous foreign fund outflows in the equity market and the strengthening of the greenback. This decline
June 20, 2024
2 mins read
Crypto Exchange Binance Fined $2.2M by India’s FIU for Non-Compliance
Crypto exchange Binance has been fined $2.2 million by the Financial Intelligence Unit (FIU) of India. Binance is reportedly accused of failing to comply with local anti-money laundering (AML) standards, which is the reason for the penalty. For Binance, already beset by convoluted international financial rules, this new development poses
June 20, 2024
2 mins read
Indian Court Rules Positive for Crypto Trading Amid Regulatory Debates
The Orissa High Court in India recently stated in a Ponzi scheme accusation case, that crypto trading is not illegal. The announcement has pronounced the country’s stand on cryptocurrency amidst recent regulations discussions. According to sources, the case included two individuals who were accused of defrauding people through a Ponzi or
June 14, 2024
2 mins read
India’s FIU Approves Binance and KuCoin as Registered Crypto Exchanges
Binance and KuCoin recently completed registering with India’s Financial Intelligence Unit (FIU), which is a major step forward for the country’s cryptocurrency sector. This is a major milestone on the road to legalization and compliance with Indian regulations. Importantly, KuCoin has quickly paid a substantial fine of $41,000, allowing it
May 10, 2024
2 mins read
Bharat Web3 Association Proposes Measures for Web3 Integration in India
In order to accommodate the needs of the Web3 and cryptocurrency communities, the Bharat Web3 Association (BWA), the highest organization representing Web3 businesses in India, has proposed a number of measures and policies for the next government to consider. At a time when rules are tightening up all around the
April 26, 2024
2 mins read
