Bollywood actor of India Govinda is under investigation for his participation in a bogus crypto scheme by the Economic Offences Wing (EOW) of the Odisha police. In July, Govinda was in Goa for a promotional event for Solar Techno Alliance (STA-Token), a cryptocurrency-looking MLM scam. To further understand Govinda’s involvement
Blockchain analysis platform Chainalysis unveiled its Global Crypto Adoption Index for 2023, revealing that India has surged to the top spot in terms of cryptocurrency adoption despite grappling with a challenging regulatory and tax environment. This marks a two-spot rise from its position in the previous year’s rankings. The report
In recent developments, Coinbase, a prominent cryptocurrency exchange, has been at the center of speculation regarding the suspension of its services for Indian customers. However, the company has provided a much-needed clarification on the matter. The controversy began when American online newspaper TechCrunch published a report hours ago, suggesting that
Thursday saw the release of a report outlining policy suggestions and guidelines for crypto regulation. This was from the International Monetary Fund (IMF) and the Financial Stability Board (FSB). India, as G20 president, has requested that the IMF and FSP create policy and regulatory frameworks. This is for a unified
India has taken center stage as it currently presides over the G20, a pivotal forum comprising the world’s major economies. Amidst its diverse initiatives encompassing startups, cybersecurity, and disaster risk management, India’s call for a unified approach to address the complexities of cryptocurrencies has caught the attention of the global
Yes Bank recently stated that the Reserve Bank of India’s (RBI), the digital rupee, will have improved usage. This will be made possible by the bank’s integration of digital rupee with UPI. Customers of Yes Bank may now use their smartphones to pay for goods and services using the digital
WazirX, the Indian crypto exchange, has temporarily halted fiat withdrawals from its trading platforms. Indian crypto users have not been able to withdraw Indian rupees (INR) for over 24 hours. The suspension is due to complications with the crypto exchange’s payment provider. According to the withdrawal page on the trading
NC Global Media, the Dubai-based blockchain media company, has partnered with and supported the legal team of TechiLaw, an emerging law firm, in efficiently assisting over 100 victims of peer-to-peer (P2P) scams in navigating the intricate landscape of frozen bank accounts in India. Since mid-April, a sense of uncertainty has
G20, an intergovernmental forum supported by the FSB and IMF under the Indian Presidency, set to introduce the first global crypto regulations ahead of the next summit in September. This announcement comes after the G20 revealed global rules for crypto firms with no options. Adding to that, the RBI wants
According to a local media source, the Indian Supreme Court criticized the Union government on July 27 for the country’s lack of crypto legislation. As the Supreme Court pointed out, it is “unfortunate” that the government has not issued any concrete regulations regarding cryptocurrencies. The court’s remark was made in
