Coinbase gains approval from India’s FIU to resume operations, with plans to launch crypto trading and investment products for Indian users.
Cryptocurrency exchange Bybit has officially registered with Indian authorities, allowing it to resume full operations in the country, as stated in a February 25 announcement. Notably, existing Indian users can now access all Bybit services, including trading and other platform features, while new user onboarding will gradually commence. Bybit had temporarily halted some services as…
India’s ED seizes $198 million in cryptocurrency linked to the BitConnect Ponzi scheme, exposing one of the largest crypto fraud cases in history. India Cracks Down on BitConnect Ponzi Scheme India’s Directorate of Enforcement (ED) has seized cryptocurrencies worth approximately Rs. 1,646 crore ($198 million) in connection with the BitConnect Ponzi scheme, marking one of…
Bybit, one of the leading top exchanges in the crypto industry, has fully registered with India’s Apex Financial Regulatory Agency. Bybit, in a press release, announced that it had completed its registration with India’s Financial Intelligence Unit, settling disputes and addressing all regulatory issues. Bybit recently faced regulatory challenges with India’s Financial Intelligence Unit (FIU-IND). …
Key Takeaways: Jio Platforms partners with Polygon Labs to bring Web3 to 450M users. The collaboration focuses on blockchain-based tools for finance, entertainment, and healthcare sectors. India’s Web3 adoption accelerates, enhancing transparency, efficiency, and digital innovation. Jio Platforms Ltd., India's leading digital service provider, has partnered with Polygon Labs to integrate Web3 capabilities into its…
Indian Exchange Mudrex halted crypto withdrawals on its platform citing ongoing Compliance Upgrades. Normal Operations on the platform are set to resume on January 28 and Indian Rupee withdrawals are not affected by the development. Alankar Saxena, Founder of Mudrex announced the development giving details on the modalities involved and the motive behind the decision…
The Outgoing governor of the Reserve Bank of India (RBI) revealed his vision to drive India’s economy forward with Central Bank Digital Currencies (CBDC). Shaktikanta Das in his farewell speech reflected on the Six years of efforts under his watch to leverage new technologies like CBDC, as well as the goals achieved and challenges facing…
Dabba, a decentralized physical infrastructure network (DePIN) providing wifi connectivity to underserved markets, is set to roll out 10,000 new hotspots globally. This expansion is part of season two of its demand-driven program, aiming to enhance internet access in high-demand regions across India. Dabba has announced the launch of season two of its DePIN service, set…
Binance and WazirX, a subsidiary the world-renown exchange acquired last year will create a $50M USD fund called "Blockchain for India" according to the announcement on Binance's website. Following the fact that the Indian Supreme Court Lifted the Central Bank's Cryptocurrency Ban, this step from Binance is one business savvy way to capitalize on a newly…
Up until this point in time, India’s stance towards the cryptocurrency market has been quite negative, due to a variety of discouraging statements and the digital currency trading ban. Now, recent reports indicate that the Indian Supreme Court has decided to lift the crypto trading ban imposed by the Reserve Bank of India in April…
