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
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
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 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
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
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
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
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
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
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
