India’s Enforcement Directorate (ED) has raided 11 locations across several cities, including Delhi, as part of an investigation into a $29 million global crypto fraud scheme. The raids were conducted on Wednesday under the Prevention of Money Laundering Act (PMLA), following First Information Reports (FIRs) filed by the Central Bureau ...
India's cryptocurrency sector, once a burgeoning hub of innovation and investment, is now grappling with stringent regulatory measures that threaten to stifle its growth. While the government's cautious approach aims to mitigate financial risks and ensure consumer protection, it has inadvertently created an environment that hampers innovation, drives talent abroad, ...
India's affluent investors are increasingly turning to cryptocurrency assets amid stagnation in conventional markets such as stocks, gold, and bonds. Over the last six months, high-net-worth individuals (HNIs) and family offices in India have begun allocating a portion of their portfolios to digital assets, according to Atul Ahluwalia, Vice-President of ...
India has emerged as a global leader in cryptocurrency adoption, securing the top spot in Chainalysis's 2024 Global Crypto Adoption Index for the second consecutive year. This is particularly noteworthy given the country's stringent regulatory requirements, including a 30% tax on crypto gains and a 1% transaction levy. Despite these ...
Bybit has announced its title sponsorship of the India Blockchain Tour (IBT) 2025. This major initiative, led by Octaloop, spans eight Indian cities and aims to accelerate the country’s Web3 development. The tour begins in Hyderabad on June 28 and concludes in Bengaluru on November 30, with the flagship event, ...
Global cryptocurrency exchange Bitget has officially joined India's Sahyog Portal, a key initiative under the Indian Cyber Crime Coordination Centre (I4C) aimed at enhancing coordination between law enforcement and digital platforms. According to a June 23 press release, with this integration, Bitget becomes the latest international crypto exchange to streamline ...
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 ...
