Tag: india

Nov 05 2022

Crypto Imposter Dupes Indian Engineer of $60k

The engineer is 42 years old and lives in Andheri. On August 26, he got a message on WhatsApp from someone pretending to be a Chinese woman. "Are you Mr. Desai Sharma from Travel India?" read the message. The person who got the message told her that he wasn't and that she was wrong. A […] The post Crypto Imposter Dupes Indian Engineer...

Oct 19 2022

India ranks third in global Web 3.0 workforce – Report

Oct 19 2022 Published at Coinscreed under tags  india web3 web3 news workforce

With about 450 Web 3 startups in the country, India has 11% of the global Web 3.0 workforce making it sit at the third position according to reports from the National Association of Software and Services Companies (NASSCOM). India presently has 11% of the world's Web 3.0 workforce, according to recent research by the National […] The post...

Oct 01 2022

Indian Law Enforcement Agency Confiscated $1.2 Million In A Scam

India's financial watchdog, Enforcement Directorate (ED), confiscated $1.2 million in an investigation of a fraud scheme relying on an App-based token, HPZ. Per an official press release published on September 29, several apps offered users to buy the HPZ tokens to have higher returns. And the investigations...

Sep 30 2022

India Freezes More $WRX And $USDT Tied To Laundering Case

Sep 30 2022 Published at Coingape under tags  crypto money laundering india news wazirx

India is leaving no stone unturned in a recent crackdown on the E-Nuggets crypto money laundering case, as its ED freezes an additional $58,000 worth of WRX and USDT. The move comes amidst the authorities' probe into gaming platform E-Nuggets on money laundering allegations. The ED alleges that Khan used... Read more

Sep 27 2022

Oracle to Pay $23M to Settle Bribery Charges against Asian Subsidiaries

Oracle Corporation, a Texas-headquartered American software and technology company, has agreed to pay more than $23 million to settle bribery charges against its subsidiaries in Turkey, the United Arab Emirates (UAE) and India.

The US

Sep 20 2022

Breaking: Indian Crypto Exchange CoinDCX Twitter Account Compromised

Sep 20 2022 Published at Coingape under tags  coindcx india news

Indian crypto exchange CoinDCX's Twitter account has been hacked and the exploiter is using the account to promote a fake XRP giveaway. PeckShieldAlert on Tuesday warned about the phishing attack on the Twitter account of Indian crypto exchange CoinDCX. Indian Crypto Exchange CoinDCX Hacked Blockchain security platform PeckShieldAlert in a... Read more

Sep 14 2022

China Back Among Top 10 Countries In Bitcoin Usage Despite Ban

A new Chainalysis report shows last year’s ban hasn’t prevented the Chinese from using bitcoin as the country returns to the global adoption rank’s top 10.China is back among the countries with the highest level of bitcoin and cryptocurrency adoption in the world.The findings come from a new Chainalysis report that details the adoption levels of bitcoin and cryptocurrencies per country....

Aug 29 2022

What Does This Kucoin Report Say About Indian Crypto Investors

Aug 29 2022 Published at Bitcoinist.com under tags  btcusd btcusdt crypto news india

Crypto exchange Kucoin recently published a report that provided insight into the cryptocurrency space in India. This survey conducted published information about the new developments in India's blockchain space According to the Cryptoverse Report India, the number of investors in the...

Aug 26 2022

Indian Agency Raids Crypto Exchange CoinSwitch Kuber for FX Law Violations

Indian anti-money laundering agency, Enforcement Directorate (ED), raided the premises of CoinSwitch Kuber, one of the largest local cryptocurrency exchanges, under the suspension of forex law violations.

The agency searched five premises linked to...

Aug 25 2022

Indian law enforcement agency raids CoinSwitch Kuber

Aug 25 2022 Published at Coinscreed under tags  coinswitch kuber india news raid

The offices of CoinSwitch Kuber a top Indian exchange were searched on Thursday by the Enforcement Directorate of India, the cryptocurrency exchange came under examination after India's government pressure on the industry escalated. The report also stated that aside CoinSwitch Kuber, up to five of the crypto exchange's sites were the subject of the raids. […] The post...

Aug 23 2022

Over Half Of Indian Bitcoin, Crypto Investors Say It Is The Future Of Finance: Survey

Aug 23 2022 Published at Bitcoin Magazine under tags  bitcoin crypto finance india markets

KuCoin’s Into The Cryptoverse survey showcases Indian adoption of bitcoin and crypto with 56% of respondents saying the asset class is the future of finance.KuCoin released a survey detailing bitcoin and crypto adoption in India.56% of surveyed investors believe bitcoin and crypto are the future of finance. India’s investor class is becoming increasingly younger with time....

Aug 12 2022

Authorities Accuse Vauld’s Indian Entity of Aiding in Money Laundering

Aug 12 2022 Published at Crypto Briefing under tags  india news vauld

Authorities in India have frozen $46 million in assets belonging to Vauld's legal entity in the country. Abetting Money Laundering Vauld has been accused of helping a client launder money....

Crypto Exchanges In India undergo Probing For Money Laundering

The Enforcement Directorate of India is looking into ten crypto exchanges for allegedly laundering more than $125 million in cryptocurrency. Ten crypto exchanges are being investigated by India's Enforcement Directorate for allegedly laundering more than 1 billion rupees. This is more than $125 million in digital money equivalent.According to The Economics Times, numerous organizations suspected […] The post...

Jul 19 2022

RBI Is Still Aiming At A Crypto Ban, Says Finance Minister

Jul 19 2022 Published at Bitcoinist.com under tags  btcusd btcusdt crypto news india rbi

Finance Minister of India, Nirmala Sitharaman has revealed that Reserve Bank Of India insists a ban on cryptocurrency. Despite making their stance on digital asset clear, India continues to seek global collaboration for imposing the ban. The...

Jul 14 2022

India’s Crypto Advocacy Council Disbanded After 5 Years Of Lobbying

India's BACC has shut down after years of challenging the RBI and lobbying for crypto's interest in the country.

Jul 09 2022

Investors Duped In Major Crypto Scam In India

Jul 09 2022 Published at Bitcoinist.com under tags  crypto news crypto scam india

Cryptocurrency has secured immense popularity across the globe. The increase in popularity of crypto, however, cannot be interpreted as increase in awareness about the same. India has been fascinated with the industry despite all the uncertainties in regulatory framework that continues to exist. As popularity grew, so did scams and other fraudulent practices related to crypto. According to the report from...

Jul 08 2022

Bitcoin Is Breaking Barriers For Self-Sovereignty Across The Globe

Bitcoin is financial technology that enables real progress for countries that traditionally suffered at the hands of the fiat system.This is an opinion editorial by Renata Rordigues, global community and education lead at Paxful. Bitcoin is empowering millions across the world to become sovereign entrepreneurs. After visiting neighborhoods in Nigeria and Colombia, I found people taking power back...

Jul 06 2022

India is investigating crypto exchanges compliance to foreign exchange laws

Jul 06 2022 Published at CryptoSlate under tags  india regulation wazirx

India's Directorate of Enforcement has sent notices to crypto exchanges to determine whether they violated the country's Foreign Exchange Management Act (FEMA), Economic Times India reported. According to the report, the regulator summoned several crypto executives from top exchanges like...

Jul 05 2022

1% Crypto Tax Sucks Out Trading Volume On Major Indian Exchanges

Crypto tax in India triggered massive downturns in trading volume on exchanges like CoinDCX, WazirX, and ZebPay.

Jul 04 2022

Crypto Volume On Indian Exchanges Drops By More Than 70% After 1% TDS Rule

Jul 04 2022 Published at Bitcoinist.com under tags  bitcoin btc btcusd crypto crypto exchanges

Trading volume on crypto exchanges in India has taken a large hit of more than 70% since the start of the 1% TDS rule. Crypto Trading Volumes On WazirX, ZebPay, And CoinDCX Decline 70% Or More As reported by The Economic Times, following the start of the 1% TDS rule, exchange trading volumes in India...

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