India’s Local Crypto and Web3 Advocacy Body Asked for Action Against Offshore Entities: Source
The Bharat Web3 Association’s (BWA) Chairman wrote the letter to the Indian government on Dec. 16.
India
India to Block URLs of 9 Offshore Exchanges Including Binance After Issuing Compliance ‘Show Cause’ Notices
Binance, KuCoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global and Bitfinex are the nine exchanges.
The Sandbox Aims to Make India Its Largest Market
Metaverse platform The Sandbox is aiming to make India its largest market within the coming 24 months.
India Won’t See Crypto or Web3 Bill for Another 18 Months, Senior Lawmaker Tells CoinDesk
India is unlikely to bring a crypto or Web3-specific legislative bill anytime soon and perhaps all the way up to mid-2025, said one of the most senior politicians in India’s government overseeing the financial evolution of the nation.
The Algorand Foundation Expands Its Footprint in India
Blockchain protocol Algorand (ALGO) has expanded its footprint in India by securing new partnerships with NASSCOM, India’s trade body and chamber of commerce for the tech industry, T-Hub, a prominent innovation hub, and the Mann Deshi Foundation which supports India’s first rural bank for women.
India’s Controversial Crypto Tax Should Be Cut After Failing to Achieve Aims, Think Tank Urges
India’s most controversial crypto tax, the 1% TDS levy deducted at source, should be lowered to 0.01%, according to the findings of a new study.
India’s Central Bureau of Investigation Appoints Liminal to Manage Seized Digital Assets
India’s Central Bureau of Investigation (CBI), the premier investigating police agency in the nation, has appointed digital asset custodian Liminal to manage seized digital assets.
Indian Police Arrest 8 More in $300M Crypto Scam: Report
As many as 18 people, including four cops, have been arrested so far, while the alleged kingpin, Subhash Sharma, remains at large.
OKX Planning Web3 Foray Into India, Chief Marketing Officer Says
OKX, one of the biggest crypto exchanges by trading volume, is planning to enter India to explore potential Web3 applications.
G20 Set to Crystalize Global Crypto Rules as India Wraps Up Presidency
G20 nations are set to crystalize crypto policies, the closest we may have come to globally coordinated rules for the industry. India has been at the helm of the efforts as the current president of the G20 and is likely to celebrate the progress during the Leaders’ Summit in September.