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India

Finance Minister Nirmala Sitharaman (center) (Indian Ministry of Finance)
Policy
Regulations
India Unlikely to See Crypto Tax Reduction in Tuesday's Budget
An unexpected election result and last week's $230 million hack of crypto exchange WazirX appear to have dented any hopes of a reduction in the tax.
Finance Minister Nirmala Sitharaman (center) (Indian Ministry of Finance)
By Amitoj Singh
Jul 22, 2024 at 9:41 a.m. UTC
Jul 22, 2024
RegulationsIndiaBudgetNirmala SitharamanFinance MinistrytaxesCryptoNarendra Modi
New Delhi, India (Unsplash)
Policy
Regulations
WazirX Files Police Complaint After $230M Hack, Engages With India's Cyber Crimes Unit
WazirX said "many exchanges" were "cooperating" with them and that their immediate plans included "tracing the stolen funds, recovering customer assets, and conducting a deepe...
New Delhi, India (Unsplash)
By Amitoj Singh
Jul 19, 2024 at 1:03 p.m. UTC
Jul 19, 2024
RegulationsWazirXIndiaSecuritybreachHack
(Kevin Ku/Unsplash)
Markets
Wazirx
WazirX Hack Sends SHIB, WRX Tumbling as Bitcoin, Tether Trade at Massive Discount
Most coins, including market leader bitcoin and USDT, are trading at a significant discount on WazirX.
(Kevin Ku/Unsplash)
By Omkar Godbole
Jul 18, 2024 at 9:49 a.m. UTC
Jul 18, 2024
WazirXIndiaExchangesHacksExploits
CoinDCX's co-founders Neeraj Khandelwal and Sumit Gupta (CoinDCX)
Finance
Coindcx
Indian Crypto Exchange CoinDCX Acquires BitOasis to Enter Middle East
BitOasis recently won a license to operate as a broker-dealer in Bahrain and is also licensed in its native UAE.
CoinDCX's co-founders Neeraj Khandelwal and Sumit Gupta (CoinDCX)
By Jamie Crawley
Jul 3, 2024 at 10:30 a.m. UTC
Jul 3, 2024
CoinDCXBitOasisIndiaUAECrypto Exchangemergers and acquisitions
Binance (Nikhilesh De/CoinDesk)
Policy
Regulations
Binance Fined $2.2M by India’s Financial Intelligence Unit
Binance became the first offshore crypto-related entity, along with KuCoin, to be approved by India’s Financial Intelligence Unit (FIU) in May, conditional to paying a penalty...
Binance (Nikhilesh De/CoinDesk)
By Amitoj Singh
Jun 20, 2024 at 5:11 a.m. UTC
Jun 20, 2024
RegulationsBinanceIndiaCryptoFinance Ministry
Narendra Modi greets supporters in May. (Elke Scholiers/Getty Images)
Policy
Regulations
India Springs Election Surprise, Sends Equity Market Crashing With Uncertain Implications for Crypto
Any plans for comprehensive crypto legislation could be kicked further down the road after a weaker-than-forecast showing for the governing party.
Narendra Modi greets supporters in May. (Elke Scholiers/Getty Images)
By Amitoj Singh
Jun 4, 2024 at 3:40 p.m. UTC
Jun 4, 2024
RegulationsIndiaNarendra ModiCryptoBlockchainElection 2024ElectionsIndia Election
(Shutterstock)
Policy
India
India's Market Regulator Suggests Shared Crypto Oversight Even as RBI Seeks Stablecoin Ban: Reuters
The Securities and Exchange Board of India's position was made to a government panel that could submit its report to the Finance Ministry by June, the report said.
(Shutterstock)
By Amitoj Singh
May 16, 2024 at 11:17 a.m. UTC
May 16, 2024
IndiaSEBIRBICryptoStablecoinsRegulatorsPolicyRegulation
Indian Crypto Exchange CoinDCX's co-founders Neeraj Khandelwal and Sumit Gupta (From L to R) Courtesy: CoinDCX
Policy
Regulations
Indian Crypto Exchange CoinDCX’s DeFi Arm Okto to Launch Blockchain and OKTO Token
The objective of Okto is to give global users a single-click mobile experience while traversing the Web3 space.
Indian Crypto Exchange CoinDCX's co-founders Neeraj Khandelwal and Sumit Gupta (From L to R) Courtesy: CoinDCX
By Amitoj Singh
May 14, 2024 at 5:09 a.m. UTC
May 14, 2024
RegulationsCoinDCXIndiaWeb3Walletwallet appDeFiSDKBlockchaintoken
New Delhi, India (Unsplash)
Policy
Regulations
Binance, KuCoin Win Registration From India Anti-Money Laundering Regulator as Crypto Credibility Improves
KuCoin paid a fine of $41,000 and Binance's financial penalty is still to be determined after a hearing with the FIU.
New Delhi, India (Unsplash)
By Amitoj Singh
May 10, 2024 at 10:27 a.m. UTC
May 10, 2024
RegulationsIndiaCryptoBinanceLicensesKuCoinRegistration