India’s general election in 2024 is not expected to immediately affect crypto policy, and its current – restrictive – rules are expected to continue on through the upcoming Parliamentary term.
Binance Could Come Back to India by Paying $2M Fine: Report
The exchange could return as a FIU-registered firm after paying the fine, the report added.
Crypto Exchange OKX to End Services in India
Indian customers will have to withdraw their funds by April 30.
Crypto Exchange OKX to End Services in India
Indian customers will have to withdraw their funds by April 30.
Instant Settlement Needed to Compete With Crypto, India’s Markets Regulator Says
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.
Indian Crypto Investment Platform Mudrex to Offer U.S. Bitcoin ETFs to Indian Investors
Indian cryptocurrency investment platform Mudrex will offer U.S. spot-bitcoin exchange-traded funds (ETFs) to Indian investors, both institutions and retailers, CEO and co-founder Edul Patel said.
BRICS Will Create Payment System Based on Digital Currencies and Blockchain: Report
The five-nation BRICS group comprising Brazil, Russia, India, China and South Africa will work on creating a payment system based on blockchain and digital technologies, a report by Russian news agency TASS said.
India CBDC Insider Reveals Current Stance of Country’s Central Bank
India’s central bank is taking a very cautious approach in developing its digital rupee, a senior official familiar with India’s central bank digital currency (CBDC) pilot programs told CoinDesk, though it’s making some progress.
India Keeps Stiff Taxes on Crypto as Interim-Budget Is Revealed in Election Year
India has not introduced any changes to the controversial tax deducted at source (TDS) affecting 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 Digital Rupee Crossed a Million Transactions in 1 Day With Some Help From Banks
CoinDesk has viewed a letter dated Dec. 29 by the Reserve Bank of India (RBI) Governor Shaktikanta Das to staff that said the usage of the e-rupee (CBDC) “exceeded the milestone of 1 million transactions in a day on Dec. 27, 2023.” A separate letter from one of the banks participating in the e-rupee pilot said it had been encouraged it to deposit employee funds and benefits using the CBDC, rather than use the existing fiat currency.
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.
The Sandbox Aims To Make India Its Largest Market
Metaverse platform The Sandbox is aiming to make India its largest market within the coming 24 months.
India Won’t See Crypto or Web3 Bill for Another 18 Months, Senior Lawmaker Tells CoinDesk
India is unlikely to bring a crypto or Web3-specific legislative bill anytime soon and perhaps all the way up to mid-2025, said one of the most senior politicians in India’s government overseeing the financial evolution of the nation.
IEEE to issue blockchain skill certificates on Avalanche in India
Avalanche was selected as the primary settlement layer for IEEE’s certificate issuance because of the need for an ecosystem compatible with the Ethereum Virtual Machine.
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).
The Algorand Foundation Expands Its Footprint in India
Blockchain protocol Algorand (ALGO) has expanded its footprint in India by securing new partnerships with NASSCOM, India’s trade body and chamber of commerce for the tech industry, T-Hub, a prominent innovation hub, and the Mann Deshi Foundation which supports India’s first rural bank for women.
Indian government set to introduce rules against deepfake menace
In talks with stakeholders, Minister Ashwini Vaishnaw aims to finalize the Indian government’s AI deepfake regulations in the coming weeks.
India’s Supreme Court Turns Away Petition Asking Government to Frame Crypto Guidelines
India’s Supreme Court has turned away a petition that sought to direct the government and relevant authorities to frame guidelines for regulating the trading and mining of cryptocurrencies.