News with the tag "india"

The Delhi High Court denied bail to Umesh Verma, a businessman accused of defrauding investors through a crypto scheme, citing the complexity and severity of crypto-related offenses and his history of fraud.

CoinDCX CEO denies allegations by WazirX, stating that user crypto funds were never moved abroad and have always been held by Neblio Technologies, an FIU-IND registered entity in compliance with Indian laws.

The Delhi High Court has raised concerns about cryptocurrencies posing a systemic threat by enabling opaque and untraceable financial flows, potentially undermining recognized monetary systems.

India is investigating the use of cryptocurrencies in terror financing linked to Pakistan, focusing on unregulated wallets and exchanges, while also reviewing its crypto framework to align with international standards.

India's Financial Intelligence Unit (FIU-IND) is investigating Binance over crypto transfers from Pakistan linked to illicit financing networks, amid broader security concerns.

Bitcoin's rally to $118K led to significant short liquidations, while a Canadian woman sued over a SIM-swap scam, and Indian crypto users faced an 18% GST as Bybit complied with tax regulations.

CoinDCX's CEO Sumit Gupta denies allegations made by WazirX that the exchange moved user funds to a non-compliant entity in Lithuania, asserting that all funds are held by its registered and compliant entity, Neblio Technologies.

Google has launched its AI marketing tools in India following the repeal of a digital advertising tax, aiming to enhance the country's digital advertising landscape with advanced technologies like AI-powered ads and YouTube shoppable ads.

Bybit is implementing an 18% GST on various crypto services in India starting July 7, 2025, in compliance with local tax regulations, while also discontinuing several services in the country.