Crypto exchange OKX has decided to end its operations in India, about three months after nine international exchanges were sent compliance letters by the Financial Intelligence Unit (FIU) of India’s Ministry of Finance. Please close your accounts and withdraw your assets before April 30th, OKX said in a notification addressed
According to Edul Patel, CEO and co-founder of Mudrex, an Indian cryptocurrency investing platform, institutional and individual investors in India will soon be able to purchase U.S. spot bitcoin (BTC) ETFs. Since this was previously accessible to retailers, Patel said in an interview that it is far more beneficial to
Core Foundation aims to support Indian developers in building dApps on Core Chain, the first Bitcoin-Aligned EVM-compatible blockchain. 7 March, 2024 – Core Foundation has announced a $5 million Innovation Fund to advance India’s dApp ecosystem on Core Chain, the Bitcoin-secured and EVM-compatible blockchain. This fund aims to empower Web3
Amid a global crypto bull market, the Indian crypto community woke up to a rollercoaster ride on their local exchanges as Crypto/INR rates experienced a downward spiral. However, whilst the chaos, founders of major Indian exchanges stepped forward, shedding light on the situation from their unique perspectives. Nischal Shetty, co-founder
Bitcoin has once again captured the spotlight with its meteoric rise, trading at $59,334.26 with a staggering 4.94% surge. In just 24 hours, BTC broke major key resistance levels at $57,000, $58,000, and $59,000, and is now tantalizingly close to the $60,000 mark. Notably over the past seven days, BTC
The Financial Intelligence Unit (FIU) issued non-compliance notices to several major foreign crypto exchanges in December 2023, demanding adherence to KYC and AML regulations. This was followed by app store bans and URL blocking, effectively shutting down access for Indian users. The foreign crypto exchanges are Binance, HTX, Kraken, Gate.io,
We at KoinBX reaffirm our steadfast commitment to compliance and regulations while providing traders with a secure and intuitive trading experience. As a Financial Intelligence Unit (FIU) registered exchange, we offer a wide range of features and benefits designed to empower traders and ensure their confidence in the platform. At
Indian Finance Minister Nirmala Sitharaman gears up to present the Union Budget on February 1, 2024. Whilst that, the Indian crypto community is holding its breath in anticipation of crucial developments that could shape the future of the burgeoning digital asset landscape in the country. In the wake of the
In recent times, the regulatory landscape for cryptocurrencies in India has been undergoing significant changes, reflecting a delicate balance between encouraging innovation and safeguarding consumer interests. Amid this, KoinBX, a crypto exchange based in India, has been talked about among Indian users as it navigates this evolving regulatory terrain. Notably,
Rapidly expanding crypto project Bitgert and KoinX, a prominent crypto tax software and portfolio tracker have announced a partnership aimed at improving the digital asset management experience for Indian crypto investors. Bitgert, a blockchain solutions provider, recently announced that the integration of its native token BRISE with KoinX’s platform has
