India

Highlights: WazirX was granted a four-month conditional moratorium from the Singapore Court to manage its liabilities after the $230 million hack. The moratorium requires WazirX to disclose wallet addresses, financial records, and respond to user queries within six weeks. The […]

Highlights: Balangir police arrested four individuals from Rajasthan involved in a Rs 76 lakh cryptocurrency scam, targeting investors with fake platforms. India faces recurring cryptocurrency scams due to weak regulations, making it a prime target for fraudulent activities and schemes. […]

Highlights: Binance returns to India after paying $2.25M fine, resumes trading services Compliance with Indian regulations crucial for Binance’s market re-entry and future dominance Binance’s return may boost India’s crypto market and inspire other global exchanges to follow Binance, the […]

Highlights: Binance challenges $86 million tax notice from India’s DGGI SEC plans to amend the lawsuit, potentially reclassifying SOL and MATIC Binance boosts compliance, appoints local counsel in India Binance, the world’s largest cryptocurrency exchange, is currently dealing with a tax […]

Highlights: The Emollient Coin scam affected over 2,508 investors, causing significant financial losses ED raids target founders of Emollient Coin, uncovering primary fraudulent operations WazirX hack results in the theft of $234.9 million in crypto assets India’s Enforcement Directorate (ED) […]

Highlights: India’s 2024/25 budget maintains current crypto tax rules despite industry appeals for reduction Changes include raising long-term and short-term capital gains taxes, potentially influencing crypto investment The government abolished the angel tax, aiming to stimulate growth in India’s startup […]

Highlights: WazirX confirmed a breach of its multisig wallet, which resulted in the unauthorized transfer of $235M in crypto assets. Blockchain trackers reveal significant losses, including 15,298 ETH and 5.43 trillion SHIB tokens. WazirX suspended withdrawals following the incident, investigating […]

India’s Financial Intelligence Unit has imposed a record fine of $2.2M on Binance for failing to comply with local AML regulations. This marks the highest penalty ever levied on a crypto entity in India. It also highlights the increasing regulatory […]

The Orissa High Court has declared that dealing in cryptocurrencies is not illegal under Indian law. Justice Sasikanta Mishra delivered the decision. The case involved a suspected Ponzi scheme built around a fake cryptocurrency called the Yes World Token. 🚨 […]