Coinbase Approved to Launch in India—FIU Registration Secured
Coinbase is officially launching in India, securing FIU approval to offer crypto trading in one of the world’s fastest-growing markets. Coinbase Gains Regulatory Approval to Operate in India Crypto exchange Coinbase (Nasdaq: COIN) has secured registration with India’s Financial Intelligence Unit (FIU), allowing the company to legally provide cryptocurrency trading services in the country. Announcing […]
Indian Web3 Startups Raise $564M, Developer Community Expands
Indian Web3 startups saw significant growth in investment activity in 2024, raising $564 million, a substantial increase from the previous year. India now boasts the fastest-growing developer community and is projected to surpass the U.S. by 2028. Funding Still Below 2022 Peak In 2024, Indian Web3 startups raised $564 million, up from $270 million in […]
India Seizes $2.8M in Crypto After Raiding 60+ Locations in Gainbitcoin Scam
India’s CBI has seized cryptocurrencies worth approximately $2.8 million in raids across over 60 locations, uncovering key evidence in the Gainbitcoin scam. CBI Seizes Cryptocurrency in Gainbitcoin Scam Raids The Central Bureau of Investigation (CBI) announced this week that it has seized cryptocurrencies worth INR 23.94 crores (approximately $2.75 million) and other key evidence following […]
Bybit Is Back: Crypto Exchange Resumes Full Operations in India After FIU Approval
Bybit is back in India! After overcoming regulatory hurdles and a security breach, the crypto exchange fully restores services, resuming new user onboarding and trading access. Bybit Reinstates Services in India After Regulatory Compliance Cryptocurrency exchange Bybit has officially registered with Indian authorities, allowing the platform to fully restore its services in the country. The […]
India Seizes $198M in Crypto—Unraveling One of the Biggest Crypto Frauds
India’s ED seizes $198 million in crypto linked to Bitconnect’s infamous Ponzi scheme. A global fraud, high returns promised, and digital assets hidden—here’s the full story. India Seizes $198M in Crypto in Bitconnect Fraud Probe India’s Directorate of Enforcement (ED) in Ahmedabad announced on Feb. 15 that it has seized cryptocurrencies worth Rs. 1,646 crore […]
Coinbase Quietly Preparing for Re-Entry to India
Coinbase is in talks with several authorities in India, including the Financial Intelligence Unit (FIU), to reopen operations in the Indian market. The firm is seeking to compete with Binance, which resumed local operations last August. Coinbase in Conversations to Relaunch Operations in India Coinbase, one of the largest U.S.-based cryptocurrency exchanges, is preparing to […]
Coinbase sets its sights on re-entering the Indian market
Coinbase disabled new user sign-ups in India in 2023 following regulatory roadblocks Brian Armstrong, Coinbase’s CEO, said the platform faced “internal pressure” from India’s central bank Binance resumed its operations in India last August after registering with the FIU Crypto exchange Coinbase is looking at re-entering India after pausing its operations there more than a […]
Wazirx to Launch RT Tokens to Compensate Users After $230M Crypto Breach
Nischal Shetty, founder and CEO of Wazirx, India’s largest cryptocurrency exchange, has announced plans to introduce RT tokens equivalent to the total value of assets stolen in the $230 million breach the platform endured. Wazirx Pledges Transparency With RT Tokens According to Shetty, Wazirx intends to distribute recovery tokens in response to the July 2024 […]
Russia and India Cut Dollar Use: 90% of Direct Transactions in National Currencies
Russia and India now conduct nearly 90% of direct transactions in their national currencies, deepening financial ties and accelerating the global shift away from the U.S. dollar. Moscow and New Delhi Tighten Financial Ties—Is the Dollar Era Ending? Countries worldwide are increasingly shifting away from reliance on the U.S. dollar in international trade, a process […]
Bybit Addresses AML Concerns After India Block
Cryptocurrency exchange Bybit said on Feb. 6 that it has successfully registered with the Indian Financial Intelligence Unit, underscoring its commitment to regulatory compliance in India. The exchange said it has resolved prior regulatory matters and paid a monetary fine, demonstrating its dedication to transparency and high standards. The announcement came hours after the Indian […]