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 ...
The Reserve Bank of India (RBI) has not been shy about voicing its concerns over cryptocurrencies, boldly claiming that "crypto poses risks to India's financial stability." This might sound dramatic, but it reveals the central bank's apprehensions over how digital assets could shake up the country's financial ecosystem. India's crypto ...
The Indian Ministry of Home Affairs, through its Cyber Crime Coordination Centre, has teamed up with Google and Facebook as part of its efforts to address the growing issue of cryptocurrency scams across the country. In its 2024 annual report, the Ministry highlighted that vulnerable groups, including unemployed youths, housewives, ...
The Reserve Bank of India (RBI) has raised concerns about cryptocurrencies, including stablecoins, warning they pose significant risks to the country’s financial stability. In its latest 2024 Financial Stability Report, the RBI noted that despite a surge in crypto adoption across India, the unregulated use of digital assets could undermine ...
The cryptocurrency landscape is undergoing a profound transformation, driven by a geographic shift in developer activity and the rise of emerging blockchain ecosystems. Electric Capital’s latest annual developer report reveals that Asia now accounts for a staggering 32% of global crypto developer activity—a remarkable leap from just 12% in 2015. ...
India's Chief Economic Advisor, V. Anantha Nageswaran, has called on regulators to encourage innovation within the cryptocurrency sector while ensuring transparency and accountability. Speaking at the Global Economic Policy Forum 2024, Nageswaran highlighted the importance of regulatory frameworks that support advancements in emerging technologies, such as Bitcoin and other cryptocurrencies, ...
Indian authorities are investigating a cryptocurrency investment scam that has defrauded at least 320 individuals in Andhra Pradesh of millions by promising unrealistic monthly returns of 10%, according to a report from the Deccan Chronicle. The scheme, allegedly orchestrated by a single individual named “Ramanjaneyulu”, has resulted in reported losses ...
