The chairperson of India’s markets regulator has warned that if it doesn’t offer instant settlement investors will move to spaces like the crypto industry.
Binance, KuCoin, Other Exchanges, Served Notice by Indian Government Removed From Apple’s App Store
Apple has removed Binance, KuCoin and other offshore cryptocurrency exchanges from its India app store days after nine such entities were sent compliance show cause notices by the Indian government.
India’s Local Crypto and Web3 Advocacy Body Asked for Action Against Offshore Entities: Source
The Bharat Web3 Association’s (BWA) Chairman wrote the letter to the Indian government on Dec. 16.
India Issues Compliance ‘Show Cause’ Notices to 9 Offshore Exchanges Including Binance and KuCoin
Binance, KuCoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global and Bitfinex are the nine exchanges.
28 Indian Crypto Service Providers Have Registered With Country’s Anti-Money Laundering Unit
As many as 28 Virtual Digital Assets (VDA) or crypto service providers have registered themselves with India’s Financial Intelligence Unit (FIU-IND).
India Will Decide on Its Crypto Stance in Coming Months
India’s individual position on crypto will be analyzed and decided on in the coming months after considering what global leaders agreed to as an acceptable framework for crypto rules as part of the Group of Twenty (G20) deliberations.
G20 Set to Crystalize Global Crypto Rules as India Wraps Up Presidency
G20 nations are set to crystalize crypto policies, the closest we may have come to globally coordinated rules for the industry. India has been at the helm of the efforts as the current president of the G20 and is likely to celebrate the progress during the Leaders’ Summit in September.
Indian Crypto Exchanges Are in Survival Mode, Trying to Extend Their Runways
India’s CoinDCX, CoinSwitch, WazirX, BuyUCoin, ZebPay and Giottus all think they’ll survive the current bear market – here’s how.
Japan’s Finance Ministry to Explore Digital Yen Feasibility: Report
The ministry plans to launch an expert panel next month to explore the feasibility of a central bank digital currency.
India’s Crypto Regulation Now Has Teeth, Experts Say
Bringing crypto companies into the purview of anti-money laundering rules imposes obligations and exposes them to fines for breaches.
India’s Crypto Businesses Handed Anti-Money Laundering Obligations for First Time
They will have to register with the Financial Intelligence Unit and voluntarily report suspicious activities.