Editor’s note: This story has been updated with comments from Binance. India’s Financial Intelligence Unit (FIU) has levied a fine of 188.2 million rupees ($2.25 million) on Binance, the world’s largest cryptocurrency... Read more »
The Indian crypto market is brimming with potential, with several decentralised homegrown projects taking off and building impact. However, an ambiguity around regulations has got all private players in the Web3 space... Read more »
By Jaspreet Kalra MUMBAI (Reuters) – Binance, the world’s largest cryptocurrency exchange, has registered with India’s Financial Intelligence Unit (FIU), a senior FIU official said on Friday, as the exchange seeks to... Read more »
With the high adoption of cryptocurrencies globally, there’s also a subsequent increase in the number of cryptocurrency exchanges—platforms that allow users, traders or investors to buy, sell and store virtual currencies. A... Read more »
India Cracks Down on Major Crypto Exchanges for AML Violations India, a country known for its bustling tech scene and burgeoning digital economy, has taken concrete steps to regulate the cryptocurrency market... Read more »
India’s FIU Takes a Stand Against Crypto Exchanges: Global Regulatory Trends Follow Suit India’s Financial Intelligence Unit (FIU) has taken a defining stance against the cryptocurrency industry, seeking a ban on nine... Read more »
India’s tax authority has reportedly requested main cryptocurrency exchanges within the nation to offer info pertaining to the cash traded on their platforms. The tax authority can be evaluating the taxability of... Read more »
Indian crypto change CoinSwitch has launched a Web3 Discovery Fund with preliminary capital of US$10 million to again early stage startups. See associated article: CoinSwitch Kuber launches rupee index for Indian crypto... Read more »
India’s prime cryptocurrency (crypto) exchanges have facilitated transactions from different international locations, together with the US, Brazil, and Germany, on their platform with out complying with know-your-customer (KYC) rules and anti-money laundering... Read more »
CoinSwitch CEO Ashish Singhal on Sunday referred to as for clearer guidelines to resolve the regulatory uncertainty in India’s cryptocurrency house. At the World Economic Forum in Davos, Singhal told Reuters: “Users do... Read more »