India

Highlights: India plans to raise a BRICS digital currency linkage proposal at the 2026 summit. The BRICS CBDC plan depends on shared technology rules and settlement agreements. Trade imbalance risks are pushing the BRICS to consider FX swaps over stablecoin […]

Highlights: India has tightened KYC rules for crypto users with live selfie checks and regular data updates. Exchange breaches accelerated stricter onboarding, monitoring, and AML enforcement across platforms. Privacy coins, ICO limits, and high taxes continue to shape India’s cautious […]

Highlights: Indian tax teams warn that poor crypto tracking may reduce government revenue. FIU and the tax department share data to catch undeclared crypto income early. Crypto demand grows in India despite 30% tax and unclear long-term rules. India’s income […]

Highlights: India registers 49 crypto exchanges under FIU rules to monitor suspicious transactions. The FIU report shows crypto funds are used in gambling, fraud, and illegal websites. Authorities say exchanges must follow strict rules, audits, and reporting to maintain accountability. […]

Highlights: Coinbase’s minority stake acquisition secures regulatory approval from India’s competition authority. The deal supports Coinbase’s phased return to India after operational setbacks. CoinDCX’s valuation highlights India’s continued crypto market strength. The competition regulator of India has approved Coinbase’s investment […]

Highlights: RBI Deputy Governor says Bitcoin lacks real value and should not be treated as money. RBI highlights sharp price swings and warns investors about high risks in cryptocurrencies.  India’s crypto market keeps growing despite heavy taxes and strict regulations. […]

Highlights: WazirX resumes trading after a 16-month pause caused by a major crypto theft. The platform offers zero-fee trading and recovery tokens to rebuild user trust. BitGo partnership adds secure custody as WazirX restarts with new protections. WazirX, once India’s […]

Highlights: Coinbase increases its presence in South Asia through a new partnership with CoinDCX. CoinDCX recovered from a major breach and earned renewed trust from users and international investors. Coinbase invests in CoinDCX as it targets new growth in India […]

Highlights: India plans to launch a digital currency to enable faster and paperless transactions. India aims to curb risky trading while supporting digital innovation in the industry. The digital rupee signals a shift toward digital tokens as India keeps up […]

Highlights: 95.7% of creditors approved the WazirX restructuring plan. Operations could resume within 10 working days of court approval. $230 million was lost in the July 2024 WazirX cyberattack. WazirX, the once-largest crypto exchange in India, has made an important […]

Highlights: India issues crypto tax notices to traders who failed to report earnings from digital asset transactions. The tax department uses data from exchanges and banks to detect unreported crypto income and track all active traders. The CBDT has urged […]

Highlights: CoinDCX was hacked and lost $44 million via an internal server breach. The attack did not affect any customer wallets or funds. Recovery efforts include a bug bounty and a cybersecurity investigation. One of the leading cryptocurrency exchanges in […]