Fri, March 29

What Indian Crypto Community Expect from Union Budget 2024?

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

January 31, 2024 2 mins read

“Cryptocurrencies Are Big NO To CBDC”, Says RBI Governor

In a recent candid interview with a popular media platform, the Reserve Bank of India (RBI) Governor, Shaktikanta Das made it clear that cryptocurrencies are a firm “no” for the central bank. However, he didn’t shy away from acknowledging the merits of blockchain technology, particularly in the RBI’s Central Bank

January 23, 2024 2 mins read

Apple App Store India Removes Exchanges Served Notices Earlier

A number of prominent cryptocurrency exchanges’ mobile apps have simply vanished from India’s Apple App Store. These apps include Binance, Kraken, Mexc, and Kucoin, among others. This action is being taken a week and a half after these exchanges were named for supposedly running “illegally” inside the nation. The Indian

January 10, 2024 2 mins read

Indian Authorities Issue Notice to Global Crypto Exchanges Over Violations

For failing to comply with registration regulations, Indian authorities have issued a warning to nine cryptocurrency exchanges: Binance, Kucoin, Huobi, Kraken, Gate, Bittrex, Bitstamp, MEXC, and Bitfinex. A statement from the Financial Intelligence Unit India (FIU IND) states that nine overseas VDA SPs were sent compliance Show Cause Notices. To

December 29, 2023 2 mins read

Indian Lawmaker Hints at Further Delay in Crypto Legislation

A senior Indian politician in charge of the country’s financial development has said that the country is not expected to introduce a crypto or Web3-specific legislative measure until at least the middle of 2025. Chair of the Standing Committee on Finance Jayant Sinha was speaking at the India Blockchain Week

December 7, 2023 2 mins read

India’s CBI Selects Liminal for Securing Confiscated Digital Assets

The Central Bureau of Investigation (CBI) of India is said to have selected digital asset custodian Liminal to handle the administration of confiscated digital assets. Liminal has previously assisted a CBI operation by forming a specialized team that developed multi-signature and multi-party computation wallets for the secure storage of confiscated

November 9, 2023 2 mins read

ASCI Adopts Key Changes in Indian Crypto Advertising Guidelines

Sumit Gupta, the CEO and co-founder of crypto exchange CoinDCX recently took to Twitter to announce that the Advertising Standards Council of India has adopted two key suggestions made by the Bharat Web3 Association in regards to the ‘Guidelines for Advertising Virtual Digital Assets and Linked Services’ released in February

November 2, 2023 2 mins read

SIT Operations Lead To Arrest of Key Suspect in Crypto Scam in India

On Sunday, the Special Investigation Team (SIT) investigating the alleged multi-crore crypto fraud executed searches at 41 different sites in Himachal Pradesh, India and detained one of the major suspects, Abhishek Sharma. Abhishek, a native of the Una district in Himachal Pradesh, is believed to have been one of the

October 30, 2023 1 min read

Indian Doctor Loses INR 1.1 Crore to Facebook Crypto Scam

A gynecologist working out of central Mumbai, Maharashtra in India lost INR 1.1 crore (approx. $1,31,872) to a Facebook imposter. A lady called Melissa Campbell, proclaiming to be a professional in crypto trading, communicated with the doctor on Facebook last year, promising him a significant return on his investment. After

October 28, 2023 2 mins read

India’s Aggressive Push for Blockchain Technology in Governance and Industry

Considering the surge of increase in adoption of blockchain throughout the world, India has also taken notice of its potential and is researching the use of this distributed ledger technology in a variety of different fields. NITI Aayog has taken the lead in encouraging the use of cutting-edge technologies by

October 24, 2023 2 mins read