News with the tag "India crypto regulations"

As crypto exchanges face regulatory challenges globally, Bitget chief operating officer Vugar Usi Zade emphasized compliance and innovation for sustainable growth.

India is reportedly considering a ban on Bitcoin and other crypto, which have sparked discussions in the broader digital assets space. Recent reports indicate that the nation seeks to promote its Central Bank Digital Currency (CBDC) while prohibiting use of the private cryptocurrencies. This develop...

Reserve Bank of India (RBI) Governor Shaktikanta Das has once again reiterated his positive stance on Central Bank Digital Currency (CBDC), highlighting the potential efficacy of India’s Digital Rupee. In addition, he lauded the development and said that it could be used to avoid potential uncertain...

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 leading crypto exchange, Binance, has been hit with a $2.2 million fine by India’s Financial Intelligence Unit (FIU). Notably, the penalty comes in response to Binance’s alleged non-compliance with local anti-money laundering (AML) regulations. This development marks a significant regulatory cha...

India’s leading cryptocurrency exchange, CoinDCX, is making waves with the launch of its new offering, CoinDCX Prime. Notably, this new service, tailored for High-Net-Worth Individuals (HNIs), Family Offices, and Institutional Investors, aims to achieve an ambitious $100 million in Assets Under Mana...

As India Election 2024 progresses through multiple phases, crypto enthusiasts and industry observers in the world’s largest democracy, are eagerly anticipating indications about the direction of crypto policy in the country. Although there is significant political excitement surrounding the election...

KuCoin, a leading cryptocurrency exchange, has achieved a significant milestone by becoming the first global crypto exchange to be compliant with the Financial Intelligence Unit (FIU) in India. This accomplishment comes amidst recent regulatory changes in the Indian cryptocurrency landscape. Moreove...

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...