India’s Enforcement Directorate (ED) froze assets amounting to $46 Million belonging to Vauld which is a cryptocurrency exchange. In Vauld’s press release, the company stated that it disagreed with th...
Tag: Indias
India’s ED freezes $46 million of Vauld’s funds on money-laundering charges
Singapore-based Crypto Lender Vauld is facing money laundering charges in India after $46.5 million (3.70 billion Indian rupees) was frozen from its local entity, Flipvolt Technology. India’s Enforcem...
India’s FM Says Crypto Buyers Should “Exercise Caution”
Alex Dovbnya Nirmala Sitharaman has urged cryptocurrency users to “exercise caution” Nirmala Sitharaman, the current finance minister of India, urged people to be careful with the cryptocurrency shopp...
India’s ED Probes at Least 10 Crypto Exchanges on Money Laundering Allegations: Report
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Binance Distances Itself From India’s Crypto Exchange WazirX
Binance’s CEO said his firm never completed a transaction to acquire major Indian exchange WazirX in 2019 WazirX’s co-founder Nischal Shetty has disputed those claims and said Binance operates crypto ...
India’s Financial Watchdog Freezes Binance-Owned WazirX’s Assets for ‘Lax KYC Norms’
India’s chief economic enforcement agency, the Enforcement Directorate (ED), announced Friday that they have frozen $8.14 million (64.67 Crore rupees) in assets from crypto exchange WazirX. The ED all...
India’s second-most populous state issues 100,000 diplomas on Polygon blockchain
Through the LegitDoc platform, the Maharashtra State Board of Skill Development (MSBSD) has distributed approximately 100,000 verified digital certificates anchored on the Polygon (MATIC) blockchain. ...
India’s finance minister says punitive crypto taxes will remain in force
Local media outlet Financial Express reported that the Indian government has no plans to reduce taxation on crypto transactions. On April 1, India implemented a 30% tax on income gained from cryptocur...
India’s Reserve Banks Wants to Ban Crypto, Seeks Global Support
India’s Finance Minister Nirmala Sitharaman today addressed Parliament, stating that the Reserve Bank of India (RBI) is seeking a total ban on cryptocurrencies, but believes that global collaboration ...
India’s Central Bank Plans to Ban Crypto
Alex Dovbnya India’s FM claims that strong international collaboration is needed in order to implement cryptocurrency ban The Reserve Bank of India (RBI) is seeking a blanket ban on cryptocurren...
India’s finance minister reveals RBI wants to ban crypto but seeks global cooperation
India’s Finance Minister Nirmala Sitharaman has said the country’s central bank is pushing for the ban on cryptocurrencies, but there is a need for global collaboration. Sitharaman revealed that the ...
India’s Central Bank Is Keen to Ban Cryptocurrencies, Says Finance Minister
India has been doing flip-flops over the last few years over its decision to allow the use of cryptocurrencies in the country. On Monday, Indian Finance Nirmala Sitharaman said that the Indian central...
The regulatory implications of India’s crypto transactions tax
The Indian crypto landscape lost some momentum this year as the government introduced two laws demanding crippling taxes on crypto-related unrealized gains and transactions. India’s first crypto law, ...
India’s Latest Blockchain Unicorn 5ire Valued at $1.5B
The startup’s Series A follows a seed funding round in October where it was valued at the time for $110 million 5ire’s CEO said the journey to unicorn status took around 11 months in total, making it ...
India’s Crypto Industry Advocacy Body Is Disbanded by Parent: Sources
Reasons for the decision included a lack of maturity among crypto founders when dealing with government, inaction around critical matters despite prompting by India’s parliamentary finance body,...
India’s TikTok-like App Chingari hits 800,000 $GARI wallet subscribers
Barely six months following the integration of the GARI token into the Chingari application, India’s Tiktok has hit a new milestone. GARI Network announced on July 13, 2022, that it had hit 800,000 wa...
India’s Law Enforcement Agency Probes Crypto Exchanges For Forex Violations
Cryptocurrencies allow a free movement of money across political boundaries, bypassing the traditional banking channels. Increased outflows through the decentralized crypto setup could put downward pr...
India’s crypto tax impacted trading frequency of 83% of traders, says survey
A survey conducted by crypto exchanges WazirX and Zebpay found that 83% of traders believe India’s 30% tax on all cryptocurrency and non-fungible token (NFT) transfers has impacted their trading frequ...
India’s This Stance Over Crypto Might Have Saved It From Downturn
The global cryptocurrency market has registered a broad sell off over the past few months. The biggest of the digital tokens’ prices have dropped by around 60% since the beginning of the year. India’s...
India’s 1% tax has dealt a heavy blow to crypto trading volumes
The trading volumes on Indian cryptocurrency exchanges have come under added pressure from the 1% tax that came into effect on July 1. The trading volumes have been on a downward slope ever since Indi...
India’s Crypto Exchanges In Trouble? 1% Tax Keeps Traders Away
Crypto trading volumes in India plummeted this week after the government imposed a long-feared 1% tax on all transactions. Trading volumes in the country’s largest exchanges more than halved in the pa...
India’s Central Bankers Ring Danger Bells On Crypto, Yet Again
After reiterating the Reserve Bank of India’s (RBI) stance on cryptocurrencies last month, Governor Shaktikanta Das has in Thursday made a new comment. When the crypto market collapsed last month than...
Soaring Demand For Specialty Chemicals Produces India’s Newest Billionaire
Ashwin Desai is the founder and managing director of Aether Industries. Courtesy of Aether Industries Ashwin Desai’s listing of his Surat, India-based specialty chemicals maker Aether Industries this ...
Asia’s Richest Man, Gautam Adani, Raises $775 Million To Build India’s Largest Copper Refinery
Adani Group Chairman, Gautam Adani addresses the media in Ahmedabad on July 21, 2009. AFP via Getty Images Adani Enterprises—controlled by Gautam Adani and his family—is pushing ahead with plans to bu...
India’s crypto exchanges welcome clarification on new TDS rules — Quartz India
The Indian government has brought in some much-needed clarity—and cheer—in the matter of taxing digital token transactions. The union budget for 2022-23 had declared a 30% tax on income from cryptocur...
India’s 28% Crypto Tax Draws Nearer, Here’s Why
India’s Government is set to discuss the levying of a goods and services tax (GST) on crypto transactions next week, reports said on Thursday. According to a report by Bloomberg, the panel intends to...
India’s Biggest Crypto Scam Could Be Larger Than Earlier Estimated (Report)
India’s biggest crypto fraud to date continues to throw up new details, extending the size and scope of the scam even four years after the case first came to light. Earlier, the police estimated that ...
More Heavy Rains Expected To Worsen Bangladesh And Northeast India’s Most Severe Floods In Years
Topline Weather officials warned of more heavy rains in Bangladesh and Northeast India over the next 24 hours as the death toll in the region from landslides, lightning strikes and the worst floods se...
India’s CityMall cuts 191 jobs following $75 million fundraise in late March
Social commerce CityMall, which unveiled a $75 million financing round in late March, is cutting 191 jobs, the latest Indian startup to eliminate roles as it looks to better navigate the sharp reversa...
India’s largest-ever crypto Ponzi scam wipes $12.8 billion from victims
As the cryptocurrency industry grows larger, malicious individuals and groups seek (and find) more opportunities to get away with other people’s digital assets, with the largest-ever crypto Ponzi scam...