Binance, KuCoin Win Registration From India Anti-Money Laundering Regulator as Crypto Credibility Improves
KuCoin has paid a fine of $41,000 and Binance’s financial penalty is still to be determined after a hearing with India’s FIU.
India
What’s at Stake for Crypto in India As the World’s Largest Democracy Is in the Midst of Its National Election?
India’s general election in 2024 is not expected to immediately affect crypto policy, and its current – restrictive – rules are expected to continue on through the upcoming Parliamentary term.
Binance Could Come Back to India by Paying $2M Fine: Report
The exchange could return as a FIU-registered firm after paying the fine, the report added.
What’s going on with the Indian Rupee vs. Dollar (USD/INR)?
The Indian Rupee (INR) closed Friday, March 22, at an all-time low against the U.S. Dollar (USD). Investors and forex … Continue reading
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Crypto Exchange OKX to End Services in India
Indian customers will have to withdraw their funds by April 30.
Indian Crypto Investment Platform Mudrex to Offer U.S. Bitcoin ETFs to Indian Investors
Indian cryptocurrency investment platform Mudrex will offer U.S. spot-bitcoin exchange-traded funds (ETFs) to Indian investors, both institutions and retailers, CEO and co-founder Edul Patel said.
Indian stock market surges as Chinese stocks plummet
As China’s stock market falters, India seizes the opportunity as investors choose to allocate their resources to the world’s biggest … Continue reading
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India CBDC Insider Reveals Current Stance of Country’s Central Bank
India’s central bank is taking a very cautious approach in developing its digital rupee, a senior official familiar with India’s central bank digital currency (CBDC) pilot programs told CoinDesk, though it’s making some progress.
India Keeps Stiff Taxes on Crypto as Interim-Budget Is Revealed in Election Year
India has not introduced any changes to the controversial tax deducted at source (TDS) affecting the crypto industry.
India’s Digital Rupee Crossed a Million Transactions in 1 Day With Some Help From Banks
CoinDesk has viewed a letter dated Dec. 29 by the Reserve Bank of India (RBI) Governor Shaktikanta Das to staff that said the usage of the e-rupee (CBDC) “exceeded the milestone of 1 million transactions in a day on Dec. 27, 2023.” A separate letter from one of the banks participating in the e-rupee pilot said it had been encouraged it to deposit employee funds and benefits using the CBDC, rather than use the existing fiat currency.