The Indian Rupee (₹) just hit a new low against the US dollar ($), triggering anticipation if the Indian crypto market will feel the heat. The central bank has stepped in 2 times but the national currency continues to note depreciation at the moment. Nevertheless, India remains the top adopter
India is gearing up for its next budget, and the national crypto market is hoping to get some relief in it. The 2026 budget is scheduled to be presented on February 01, 2026, by the current Finance Minister, Nirmala Sitharaman. The top-most points are TDS cut and reset in taxation.
The central bank of India has plans for BRICS members to associate their official digital currencies, targeting to make cross-border trade and tourism payments swifter as geopolitics toughens and more countries seek rails that depend less on the US dollar. On January 19, Reuters reported that the Reserve Bank of
The Indian security agencies have warned of a sophisticated ‘crypto hawala’ network having emerged in the region, channeling untraceable foreign money into Jammu and Kashmir, presumably for terror activity funds. This new network is said to be functioning through unregulated financial systems, which enjoy the benefit of anonymity in unregulated
TKF Report, titled Taxation of Digital Assets in India, has highlighted that there is a significant amount of uncollected TDS from offshore exchange platforms. Bharat Web3 Association has further shed light by sharing the report with the community. Notably, this comes days after CoinDCX CEO Sumit Gupta listed three key
India has introduced very strict rules for crypto exchanges and crypto users. The Rules were issued by India’s Financial Intelligence Unit (FIU), which aims to reduce fraud, money laundering, and misuse of crypto after several major exchange hacks and security incidents. What India’s New Crypto KYC Rules Require From Users
Sumit Gupta, the CEO of CoinDCX, has outlined three key changes that could possibly help India reset its crypto policy. These range from taxation to offsetting, with the fundamental objective of fueling the adoption of tokens and expansion of the crypto market. Meanwhile, the crypto segment worldwide remains volatile due
The financial authorities from India have restated concerns over crypto transactions and mentioned that they may muddle tax enforcement. The Income Tax Department of India has highlighted major risks associated with crypto activity at the time of a parliamentary standing committee on finance. On January 7, in a parliamentary committee
Sumit Gupta, the Chief Executive Officer of CoinDCX, has underlined the level of competition that exists in the Indian crypto market. His statement comes after reports surfaced, highlighting the number of crypto exchanges that have registered with the Financial Intelligence Unit (FIU). India continues to monitor developments in its crypto
The Directorate of Enforcement (ED) raided multiple locations in Chandigarh and Haryana, India, over their association with Crypto World Trading Company. Designed as a fake crypto investment firm, it is believed to have duped many investors hailing mostly from the north Haryana region. Investigation by the ED is underway, but
