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India
Indian crypto exchange WazirX has filed a police complaint, it said on X, and it has also reported the incident to the Indian Computer Emergency Response Team (CERT-In).
The exchange blamed a data discrepancy with a custodial platform for having caused the transfer of assets. But popular members of the Indian crypto community aren’t buying that narrative.
Most coins, including market leader bitcoin and USDT, are trading at a significant discount on WazirX.
The acquisition will provide a boost to BitOasis’ plans to expand its presence across the region.
Binance, the world’s largest cryptocurrency exchange, has been fined approximately $2.2 million (18.82 crore INR) for providing services to Indian clients without adhering to the nation’s anti-money laundering rules, India’s anti-money laundering unit announced Thursday.
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The Securities and Exchange Board of India submitted a recommendation that several regulators should oversee trade in cryptocurrencies, Reuters reported citing documents.
Indian crypto exchange CoinDCX has expanded what started as the Okto wallet into an Okto ecosystem, which will include launching a blockchain and a token soon, and a points program starting Tuesday, to give global users a single-click mobile experience while traversing the Web3 space, its co-founders Neeraj Khandelwal and Sumit Gupta told CoinDesk in an interview.
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In a notable shift within its financial regulatory framework, India has reopened its doors to offshore cryptocurrency exchanges, with Binance … Continue reading
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