Listening to the plea, the bench headed by the Chief Justice of India (CJI) remarked that the petitioner’s demands are more legislative in nature.
India’s Controversial Crypto Tax Should Be Cut After Failing to Achieve Aims, Think Tank Urges
India’s most controversial crypto tax, the 1% TDS levy deducted at source, should be lowered to 0.01%, according to the findings of a new study.
India trained 3,000 police officials on crypto investigations in 2022–2023
The Narcotics Control Bureau and the Indian Cyber Crime Coordination Centre trained 141 officials and over 2,800 officers in the financial year 2022–2023.
India’s Central Bureau of Investigation Appoints Liminal to Manage Seized Digital Assets
India’s Central Bureau of Investigation (CBI), the premier investigating police agency in the nation, has appointed digital asset custodian Liminal to manage seized digital assets.
Indian Police Arrest 8 More in $300M Crypto Scam: Report
As many as 18 people, including four cops, have been arrested so far, while the alleged kingpin, Subhash Sharma, remains at large.
India state refiner HPCL uses blockchain to verify purchase orders
Hindustan Petroleum, one of India’s largest oil and gas companies, is launching a blockchain system to enable automated verification of purchase orders.
G20 adopts IMF-FSB Synthesis Paper on crypto regulation
The Group of Twenty accepted the regulatory roadmap proposed in a joint Synthesis Paper of the International Monetary Fund and the Financial Stability Board.
CoinDCX exchange expands self-custody wallet to support 155 countries
With Transak’s integration, CoinDCX’s Okto wallet has increased the number of previously supported 60 countries to more than 155 jurisdictions.
Head of Portugal central bank deems crypto unsustainable, calls for global regulation
Mário Centeno praised the European Union’s first comprehensive crypto framework, MiCA, but insisted on further international consolidation of regulatory efforts.
Gemini invests $24M for expansion in India
Launched in May, the Gemini Gurgaon Hub has since added over 70 staff.
Indian Crypto Investment Platform Mudrex Expands to Italy
Mudrex successfully registered with Italy’s Organismo Agenti e Mediatori (OAM), a mandatory step for crypto firms, on Sept. 1, according to the CEO.
India to develop dark net monitoring tool to combat crypto fraud: Report
The tool will monitor crypto wallets and alert the Indian Ministry of Home Affairs about irregular transactions, according to a report.
Indian state governments spur blockchain adoption in public administration
Numerous initiatives by local and state governments in India — from data management systems to verifiable certificate issuances — currently use blockchain technology.
German crypto regulator calls for global rules to also govern niche finance centers
BaFin’s top executive stresses the risks of crypto and calls for global regulation to apply to all financial centers, without exceptions.
SEC accuses Binance of noncooperation, court unseals case documents: Law Decoded
The legal struggle between the SEC and Binance.US continues, with the company hitting new lows in trading volume.
India, Nigeria, Thailand top Chainalysis’ 2023 Global Crypto Adoption Index
Chainalysis’ upcoming Global Crypto Adoption Index indicates that the wider Asia region is driving grassroots adoption of cryptocurrencies.
India, Nigeria, Thailand top Chainalysis’ 2023 Global Crypto Adoption Index
Chainalysis’ upcoming Global Crypto Adoption Index indicates that the broader Asia region is driving grassroots cryptocurrency adoption.
India working on 5-point crypto legislation as ban is ruled out
Indian crypto platforms could attain similar status as authorized dealers (similar to banks) under the guidelines of the Indian Central Bank RBI.
Coinbase Exchange Remains Inactive in India, While Other Operations Are Still Active
Coinbase continues to operate its tech-hub in India and provide wallet services to Indian customers while its exchange operations remain suspended.
G20 nations reaffirm responsible use and development of AI technology
The G20 member nations recommended addressing existing concerns around data protection, biases, appropriate human oversight, and ethics to ensure the responsible use and development of AI.