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, ...
Crypto trading volumes in India surged to $1.9 billion in Q4 2024, more than doubling from the previous quarter. According to Reuters, this surge was driven by investors from smaller cities who turned to digital assets amidst sluggish job growth and stagnant wages. Edul Patel, co-founder of Indian crypto exchange ...
Kraken is planning to re-enter the Indian market. They have appointed Vishesh Khurana, co-founder of Shiprocket, as an advisor to lead local operations. This indicates Kraken's commitment to working with Indian regulators and obtaining required compliance licenses. The San Francisco-based cryptocurrency exchange and eight other platforms were banned in early ...
Coinbase is reportedly working on re-entering the Indian market over a year after ceasing operations. According to a report from TechCrunch, the U.S. headquartered crypto exchange has initiated discussions with Indian authorities, including the Financial Intelligence Unit (FIU), to secure necessary approvals to resume operations. Coinbase halted new user registrations ...
India is revisiting its cryptocurrency policy as global sentiment toward digital assets continues to evolve, with countries like the US adopting a more structured regulatory stance. According to Reuters, the Indian government is reassessing a discussion paper on cryptocurrencies initially set for release in September 2024. Economic Affairs Secretary Ajay ...
