India News

Binance has been hit with a $2.25 million fine in India for operating in the country in violation of local anti-money laundering rules. India’s Financial Intelligence Unit (FIU) imposed a multi-million fine on Binance as the cryptocurrency exchange failed to…

The Enforcement Directorate (ED) of India has frozen approximately ₹32 crore ($3,830,032) in cash deposits and other assets linked to the Highrich online group. The group is under investigation for allegedly operating a crypto Ponzi scheme.

India’s financial watchdog, the Financial Intelligence Unit (FIU), has received new petitions from offshore cryptocurrency exchanges seeking to resume operations in India. According to a June 14 report from local news outlet Business Standard, a senior government official told the…

Sumit Gupta, co-founder and CEO of Indian crypto exchange CoinDCX, recently spoke with crypto.news in an exclusive interview, discussing how India’s crypto tax policies have impacted the industry. The introduction of taxes for cryptocurrencies in the 2022 Union Budget was…

An Indian police officer has been arrested for siphoning off INR 1.8 crores worth of Bitcoin, approximately $216,000, related to a crypto scam investigation. Per a local report, Chandrahar SR, a former police inspector with the Central Crime Branch (CCB),…

India’s Securities and Exchange Board of India (SEBI) wants cryptocurrency oversight to be distributed, proposing a multi-agency approach. Official documents disclosed by Reuters reveal that SEBI recommended that different regulators should work in unison to oversee the cryptocurrency sector in…

Indian authorities are actively working to bring all cryptocurrency exchanges operating in India under stringent Anti-Money Laundering (AML) and Countering Financing of Terrorism (CFT) guidelines to enhance compliance and oversight in the burgeoning digital asset market. The Indian government’s Financial…

CoinDCX, a premier Indian crypto exchange, has unveiled the Okto Orchestration Layer and the Okto Chain, designed to simplify the integration of blockchain technology and enhance web3 usability across diverse ecosystems. Per a press release shared with crypto.news, the exchange…

India’s Enforcement Directorate (ED) has cracked down on two major crypto scams operating in the nation, duping investors by promising massive returns. The ED has managed to seize a staggering INR 90 crores (approximately $10.7 million) worth of cryptocurrencies, dealing a severe blow…

India’s Enforcement Directorate (ED) has collaborated with authorities in the United States to crack down on an INR 3000 crore (approx $360 million) drug trafficking operation involving cryptocurrencies.  According to local reports, the ED teamed up with the Federal Bureau…

India's ED is investigating Raj Kundra in a $800m cryptocurrency Ponzi scheme, seizing assets and linking him to a failed Bitcoin mining project.

Binance is eyeing a comeback to India following a 4-month ban placed on the exchange by the nation’s Financial Intelligence Unit (FIU). Two sources familiar with the development claim that the exchange has agreed to pay a $2 million penalty…

Since the start of 2024, India has witnessed an influx of demand for cryptocurrencies, with exchanges recording notable surges in trading volumes. Indias are warming up to the emerging digital asset sector despite the lack of proper regulations and a…

Indian crypto investors are witnessing a new sort of cryptocurrency scam where bad actors are masquerading as job recruiters and duping their potential candidates, or in this case, victims. Naved Alam, a 22-year-old resident of Pune, India, saw INR 2.5…

Industry insiders have expressed concerns about the high crypto tax in India despite the notable surge in Bitcoin prices, which led to significantly increased demand on cryptocurrency exchanges and substantial rises in trading volumes. CoinDCX, a popular Indian cryptocurrency platform,…

Indian Finance Minister Nirmala Sitharaman has taken a firm stance on Bitcoin (BTC) and other digital assets, emphasizing that they cannot be considered currencies.