India News

India’s Enforcement Directorate (ED) has cracked down on two major crypto scams operating in the nation, duping investors by promising massive returns. The ED has managed to seize a staggering INR 90 crores (approximately $10.7 million) worth of cryptocurrencies, dealing a severe blow…

India’s Enforcement Directorate (ED) has collaborated with authorities in the United States to crack down on an INR 3000 crore (approx $360 million) drug trafficking operation involving cryptocurrencies.  According to local reports, the ED teamed up with the Federal Bureau…

India's ED is investigating Raj Kundra in a $800m cryptocurrency Ponzi scheme, seizing assets and linking him to a failed Bitcoin mining project.

Binance is eyeing a comeback to India following a 4-month ban placed on the exchange by the nation’s Financial Intelligence Unit (FIU). Two sources familiar with the development claim that the exchange has agreed to pay a $2 million penalty…

Since the start of 2024, India has witnessed an influx of demand for cryptocurrencies, with exchanges recording notable surges in trading volumes. Indias are warming up to the emerging digital asset sector despite the lack of proper regulations and a…

Indian crypto investors are witnessing a new sort of cryptocurrency scam where bad actors are masquerading as job recruiters and duping their potential candidates, or in this case, victims. Naved Alam, a 22-year-old resident of Pune, India, saw INR 2.5…

Industry insiders have expressed concerns about the high crypto tax in India despite the notable surge in Bitcoin prices, which led to significantly increased demand on cryptocurrency exchanges and substantial rises in trading volumes. CoinDCX, a popular Indian cryptocurrency platform,…

Indian Finance Minister Nirmala Sitharaman has taken a firm stance on Bitcoin (BTC) and other digital assets, emphasizing that they cannot be considered currencies.

For the Hindu festival of Holi, the Indian Railway Catering and Tourism Corporation (IRCTC) has introduced nonfungible tokens (NFTs) as tickets.  These NFTs will be issued to passengers on the newly launched semi-high-speed Tejas Express trains 82501 and 82502 traveling…

Mudrex, a California-based crypto investment platform with Y-Combinator backing, has announced plans to make U.S. spot bitcoin exchange-traded funds (ETFs) available to both institutional and retail investors in India. CEO and co-founder Edul Patel highlighted the significance of this move,…

The Enforcement Directorate (ED) has taken a significant step in its ongoing investigation into a cryptocurrency scam by filing a charge sheet against 299 entities, including individuals of Chinese origin, under the anti-money laundering law.  The charge sheet comes in…

Mumbai, the financial capital of India, has launched a metaverse initiative aimed at previewing and showcasing the city’s infrastructure developments.  A new initiative called the Mumbai Metropolis Metaverse has launched offering 3D and virtual reality experiences of ongoing and future…

Dilip Asbe, the managing director of the National Payments Corporation of India (NPCI), recently voiced his support for the Reserve Bank of India’s (RBI) innovative central bank digital currency (CBDC) initiatives. Speaking at a panel during Mumbai Tech Week, Asbe…

Indian eSports startup STAN has partnered with Aptos Labs to launch an eSports fandom platform. According to a post on the X Aptos account, together with STAN, the companies will bring the scalability and performance of Aptos to the eSports…

Reserve Bank of India (RBI) Governor Shaktikanta Das recently announced plans to enhance the adoption of the central bank digital currency (CBDC), the digital rupee, by exploring offline functionalities.  These measures aim to facilitate transactions in areas with limited internet…

In a significant move reflecting the growing scrutiny on cryptocurrency operations, Google has removed several cryptocurrency-related applications from its Play Store in India.