India’s Supreme Court has expressed serious concerns about the absence of a clear regulatory framework for cryptocurrencies, highlighting the risks posed by unregulated Bitcoin trading. During a recent bail hearing for Shailesh Babulal Bhatt, accused of illegal Bitcoin trading, the bench—comprising Justices Surya Kant and N Kotiswar Singh—questioned why the ...
India’s Supreme Court has raised serious concerns over the country’s lack of oversight in Bitcoin trading, drawing comparisons between unregulated crypto transactions and a sophisticated form of Hawala. The observation came during a recent bail hearing in a crypto-related case, as reported by local media outlets. The bench, comprising Justices ...
An Indian court has directed authorities to block access to the encrypted email service Proton Mail, intensifying ongoing tensions between privacy-focused tech firms and government surveillance mandates. The ruling, issued on April 29 by Justice M. Nagaprasanna of the Karnataka High Court, mandates the immediate blocking of all domain names ...
Bitget has announced a strategic partnership with Avalanche to drive grassroots Web3 adoption across India. The collaboration aims to combine their digital assets and blockchain technology expertise to expand education, support startups, and deepen community engagement in one of the world’s fastest-growing Web3 markets. As part of the initiative, Avalanche ...
Polygon is collaborating with Reliance Jio to integrate blockchain technology into web services, aiming to address real-world challenges for over 450 million users. This partnership balances speed, scalability, and affordability without compromising decentralization. Speaking to Cointelegraph, Sandeep Nailwal, Polygon's co-founder, emphasized the importance of preserving the core values of blockchain ...
Indian authorities have arrested five individuals accused of orchestrating a cryptocurrency scam that defrauded a businessman of nearly $700,000 through a fraudulent trading platform. According to local reports, the suspects, including one woman, were apprehended following an investigation by the cybercrime division of Odisha’s Crime Branch. The scam revolved around ...
India appears to be reconsidering its approach to cryptocurrency regulations, prompting renewed interest from global crypto service providers looking to re-enter the market. Ajay Seth, Secretary of India’s Department of Economic Affairs, has indicated that the government is reassessing its stance on crypto regulations. Speaking at the 2025 Budget Roundtable ...
Russian oil companies are increasingly using cryptocurrencies to bypass Western sanctions and facilitate transactions with China and India, according to Reuters. Some firms are reportedly using Bitcoin (BTC), Ethereum (ETH), and stablecoins like Tether (USDT) to convert Chinese yuan and Indian rupees into Russian rubles. While still a small portion ...
Law enforcement in India has taken decisive action against large-scale cryptocurrency fraud, arresting three individuals linked to the RSN Crypto scam—a scheme that allegedly deceived over 2,000 investors with false promises of high returns. According to local media, authorities in Assam uncovered the fraudulent operation, which lured victims by advertising ...
India's Central Bureau of Investigation (CBI) raided over 60 locations across multiple states in a crackdown on the infamous GainBitcoin scam today, February 25, 2025. According to the law enforcement agency's statement, the raids were conducted simultaneously and targeted premises in major cities, including Delhi NCR, Pune, Chandigarh, Bengaluru, Nanded, ...
