India has imposed retaliatory tariffs in response to Trump tariffs, just as the US-China trade deal gains momentum. This move follows months of friction after the United States imposed a 25% duty on steel and aluminum imports. With rising tensions, India’s trade stance signals deeper disagreements against the backdrop of shifting global alliances. Trump Tariffs […]
India
India’s New Tax Bill Targets Digital Assets! ₹90 Crore Crypto Seized
India’s FM Nirmala Sitharaman has unveiled the New Income Tax Bill, 2025, raising privacy concerns and fears of potential missuse of surveillance powers. As per reports, the proposed bill grants tax authorities unprecedented power to access digital spaces like emails, social media, bank transactions, business software, and trading accounts to detect tax evasion. As the […]
Indian Authorities Arrest Garantex Co-Founder for Extradition
Indian police have arrested the co-founder of Garantex, a Russian cryptocurrency exchange that has been blacklisted by both the U.S. and European Union, under the country’s extradition law. Aleksej Bešciokov the co-founder was reportedly on vacation with his family in Kerala when officials took him into custody. Garantex was banned by the U.S. in 2022 […]
Coinbase Registers with India’s Financial Intelligence Unit
Coinbase has officially registered with India’s Financial Intelligence Unit (FIU) to enable the exchange to offer crypto trading services in the country. This registration establishes the company’s presence in one of the world’s most dynamic markets for cryptocurrency. The exchange plans to launch its retail services in India later this year, with further investment and […]
Indian Authorities Select CoinDCX to Manage Seized Cryptocurrency Assets
India’s Enforcement Directorate (ED) has chosen CoinDCX, the country’s largest crypto exchange, to handle confiscated digital assets. Through this partnership, CoinDCX will help offer a secure system to store and manage these funds, ensuring there is enough compliance and safety. CoinDCX Takes Charge of India’s Seized Crypto Assets India’s Enforcement Directorate (ED) has chosen CoinDCX, […]
Indian Investor Loses $221K in Crypto Scam
An Indian investor has lost Rs. 1.92 crore ($221K) in cryptocurrency after being tricked by a complex fraud on Facebook. The 48-year-old entrepreneur from Ahmedabad learned a costly lesson after falling for a sophisticated fraud. It all started with a simple Facebook friend request, which he accepted. However, the conversation moved very fast, and there […]
Kraken Eyes Indian Market Revival Amid Tougher Crypto Regulations
San Francisco-based cryptocurrency exchange Kraken is preparing to re-enter the Indian market. The company is working on obtaining the necessary licenses to resume operations in compliance with local regulations. It has appointed Vishesh Khurana as an advisor to lead its local operations and facilitate engagement with Indian authorities. Kraken Taps Vishesh Khurana for India Strategy […]
India Cracks Down on $190M Crypto Fraud Tied to BitConnect
The Indian law enforcement has seized about $190 million in cryptocurrency linked to the BitConnect Ponzi scheme. This is one of India’s biggest actions to combat crypto fraud. The Enforcement Directorate (ED) in Ahmedabad has seized Rs 1,646 crore worth of digital currency in the BitConnect scam. Reports have it that investors were tricked into […]
Bybit Halts Crypto Trading in India to Comply with New Regulations
One of the leading crypto trading platforms, Bybit, has temporarily suspended trading services in India due to ongoing regulatory changes. The suspension will take effect on January 12, 2025, at 8:00 a.m. UTC, as part of the company’s measures to abide by Indian regulations. Trading Restrictions and Service Updates for Indian Users Bybit offerings will […]
India’s Crypto Master Plan: A Global First?
The Indian crypto scene might just level up as the latest sources indicate that the government is inching closer toward a comprehensive regulatory framework for Virtual Digital Assets (VDAs). In the recent parliamentary discussions, the government has doubled down on its commitment to balancing innovation with investor protection. Under current regulations, VDA comes under the […]