India

Highlights: India’s crypto industry urges tax reform as government grows open to digital assets. Leaders propose a 0.1% tax to replace high 2022 rates and boost growth. RBI softens its stance, signaling cooperation as exchanges return and the market expands. […]

Highlights: India has compared Bitcoin trading to an unclear trading system due to the lack of clear rules. India imposes taxes on virtual assets but still has no clear structure for trading or transactions. The government has delayed the crypto […]

Highlights: Binance now requires all Indian users to complete KYC re-verification using their PAN details. The new rule follows a push to improve checks on crypto platforms and prevent financial crime. Binance aims to improve user safety and comply with […]

Highlights: Russian companies are using cryptocurrencies including Bitcoin, and Ethereum to facilitate oil trade. Russia’s oil trade relies on middlemen managing crypto payments to avoid using the dollar. Despite restrictions, China remains a top Bitcoin miner, raising questions about its […]

Highlights: Coinbase secures registration with the FIU allowing it to offer crypto services in India. The company plans to launch retail services in India by late 2025. India’s growing developer ecosystem is a major opportunity for Coinbase’s expansion. Coinbase, a […]

Highlights: Authorities in India have ordered an investigation into WazirX for fraud and security failures after the hack. Reports indicate WazirX failed to check user identities and may have helped fintech firms move money without records. WazirX users will vote […]

Highlights: India’s ED seized nearly $190 million in crypto and assets linked to BitConnect crypto fraud. The ED traced illicit funds through dark web transactions, wallets, and IP analysis.  Kumbhani and associates allegedly amassed crypto illegally, violating financial regulations. Indian […]

Highlights: WazirX secures Singapore Court approval to repay customers affected by the $235M hack. Creditors may recover up to 80% of their balances through token distributions. Zettai plans a three-year buyback program and a new decentralized exchange to boost returns. […]

Highlights: Jio and Polygon Labs partner to integrate Web3 into Jio’s apps and services. The partnership aims to provide blockchain-powered digital solutions to over 450 million users. Polygon strengthens its position as a key blockchain player in India through Jio […]

Highlights: Bybit will implement the suspension beginning January 12, 2025, at 8 AM UTC. The platform is currently pursuing a license in France to resume operations in the country. Bybit also launched its Physical Card for users in Brazil after […]

Highlights: CoinSwitch announces a Rs 600 crore recovery fund for WazirX users impacted by the 2024 hack. The initiative includes signup bonuses, revenue redistribution, and referral rewards for affected users. CoinSwitch aims to help users recover losses while growing its […]

Highlights: Delhi High Court orders probe into the WazirX hack and question management’s role in user fund security. WazirX users gain civil court access to recover frozen funds post-hack; court seeks transparency. WazirX reveals 240,000 wallet addresses amid restructuring; transparency […]