News with the tag "India Crypto Law"

India is gearing up for a significant move in its crypto regulation effort as the Department of Economic Affairs (DEA) prepares to release a crucial consultation paper between September and October 2024. This document is expected to serve as a cornerstone for shaping the country’s future approach to...

The Orissa High Court in India ruled that cryptocurrency dealings are not illegal under Indian law. This decision arose from a case involving individuals accused of fraud through a Ponzi scheme. Justice Sasikanta Mishra clarified that cryptocurrency is not considered money under the Prize Chits and ...

After completing successful Financial Intelligence Unit (FIU) registration in India, KuCoin, a popular crypto exchange, was slammed with allegations of compromising user privacy. Hence, it issued a statement to clear doubts of its users. KuCoin addressed the rumors of sharing user data with the Gove...

Bybit, a popular crypto exchange, has faced a major setback in the Indian market. On Friday, March 22, the Bybit app was removed from the Apple iOS App Store amid escalating regulatory concerns in the country’s Web3 domain. Moreover, on social media platforms like X, speculations swirled around a cr...

The OKX cryptocurrency exchange has announced its decision to cease operations in India. This decision comes nearly three months after the Financial Intelligence Unit (FIU) of India’s Ministry of Finance cracked down on crypto exchanges. The FIU had issued compliance notices to nine foreign cryptocu...

The OKX cryptocurrency exchange has announced its decision to cease operations in India. This decision comes nearly three months after the Financial Intelligence Unit (FIU) of India’s Ministry of Finance cracked down on crypto exchanges. The FIU had issued compliance notices to nine foreign cryptocu...

Sumit Gupta, CEO and Co-Founder of CoinDCX, a prominent Indian crypto exchange, recently expressed optimism for crypto tax reform in India. Despite no immediate relief in the Interim Budget for high TDS and crypto tax rates, Gupta remains hopeful for positive changes in the final budget after the el...