Trump Axes U.S.-India Trade Talks: Could Blockchain Be India’s Plan B? Former President Donald Trump has abruptly canceled U.S.-India trade talks slated for August 25-29 in New Delhi, a bombshell dropped just after a meeting with Russian President Vladimir Putin. This move, paired with punishing tariffs on Indian goods, has sent shockwaves through bilateral relations, […]
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Indian Police Bust Ahmedabad Man in $180K Crypto Scam: A Harsh Lesson for the Industry Indian authorities have struck a blow against cryptocurrency fraud by arresting Harshik Mukeshbhai Patel, a 26-year-old Ahmedabad resident, for orchestrating a scam that swindled victims out of Rs. 1.5 crore (roughly $180,000). This case, tied to a complaint from Kolkata, […]
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Cryptocurrencies Threaten National Stability, Indians Doubt The Supreme Court of India has raised alarms over the unchecked growth of cryptocurrencies, warning of a “parallel economy” that could undermine national stability. In a recent hearing linked to a high-profile Bitcoin fraud case, the court lambasted the government’s 30% crypto tax without a regulatory framework. Supreme Court […]
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Crypto Scammers in India Busted for $700k Fraud Posing as Japanese Exchange In a bold move that underscores the dark side of the crypto world, Indian law enforcement has dismantled a gang of five scammers who defrauded a businessman out of nearly $700,000. These fraudsters ran a fake trading platform disguised as ZAIF, a well-known […]
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Coinbase Re-Enters India with FIU Registration, Aiming to Capitalize on Booming On-Chain Scene Coinbase has officially announced its return to the Indian market after a two-year hiatus, marking a significant move in its international expansion strategy. The company, which ceased operations in India in 2022 due to stringent regulations, has now registered with India’s Financial […]
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Kraken’s Bold Comeback: Navigating the Indian Crypto Market Post-2024 Ban Kraken, once banned from India, is now making a strategic return. The seventh-largest cryptocurrency exchange by trading volume was excluded from the Indian market in 2024 due to anti-money laundering violations. Now, the exchange is working diligently with local authorities to secure the necessary permits […]
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Bybit Re-enters India’s Crypto Market: Navigating Regulatory Waters Bybit, a prominent global crypto exchange, has made significant strides toward resuming operations in India by registering with the country’s Financial Intelligence Unit (FIU) on February 5, 2024. This crucial move follows a period of halted services due to compliance issues, which Bybit addressed by paying a […]
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India’s RBI Pushes Digital Rupee Adoption with Officer Reimbursements In a bold move to revolutionize India’s financial landscape, the Reserve Bank of India (RBI) is pushing the envelope with its digital rupee initiative. By depositing reimbursement allowances directly into its officers’ Central Bank Digital Currency (CBDC) wallets, the RBI aims to foster greater familiarity and […]
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Bybit Halts Operations in India Amid Regulatory Storm Bybit, a leading cryptocurrency exchange, has temporarily suspended its services in India due to increasing regulatory scrutiny of unregistered platforms. This decision reflects the broader tension between crypto innovation and regulatory compliance in one of the world’s most populous nations. Bybit suspends services in India Regulatory crackdown […]
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India’s Bold Move Against Crypto Scams: Partnering with Google and Facebook India is stepping up its efforts to combat the rising wave of pig butchering scams that exploit cryptocurrencies, targeting vulnerable populations such as unemployed youths, housewives, students, and those in financial need. The government is collaborating with tech giants Google and Facebook to tackle […]
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