India

India Seizes $198M in Crypto—Unraveling One of the Biggest Crypto Frauds

February 17, 2025 Bitcoin.com

bitcoin.com

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 […]

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Bybit Enhances Market Clarity by Making Real-Time Crypto Liquidation Data Public

Coinbase Quietly Preparing for Re-Entry to India

February 14, 2025 Bitcoin.com

bitcoin.com

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 […]

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Bybit Enhances Market Clarity by Making Real-Time Crypto Liquidation Data Public

Wazirx to Launch RT Tokens to Compensate Users After $230M Crypto Breach

February 11, 2025 Bitcoin.com

bitcoin.com

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 […]

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Bybit Enhances Market Clarity by Making Real-Time Crypto Liquidation Data Public

Russia and India Cut Dollar Use: 90% of Direct Transactions in National Currencies

February 11, 2025 Bitcoin.com

bitcoin.com

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 […]

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Bybit Enhances Market Clarity by Making Real-Time Crypto Liquidation Data Public

Bybit Addresses AML Concerns After India Block

February 7, 2025 Bitcoin.com

Anti-Money Laundering (AML)

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 […]

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Bybit Enhances Market Clarity by Making Real-Time Crypto Liquidation Data Public

India Strikes Crypto Exchange Bybit: Major Fine Issued, Website Blocked

February 6, 2025 Bitcoin.com

bitcoin.com

Crypto exchange Bybit has been fined and blocked in India for violating anti-money laundering laws, as authorities crack down on unregistered crypto operations in the country. Bybit Hit With Penalty, Website Blocked in India Over AML Violations The Indian Ministry of Finance announced last week that the Financial Intelligence Unit-India (FIU-IND) had imposed a financial […]

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Bybit Enhances Market Clarity by Making Real-Time Crypto Liquidation Data Public

Indian Government Slaps 70% Taxes on Unreported Crypto Gains in New Amendment

February 4, 2025 The Daily Hodl

crypto

Crypto traders in India could end up shelling out significant tax penalties if they don’t report their gains in a timely fashion. New legislation in the country of 1.46 billion people proposes that reporting entities must submit information regarding crypto transactions to India’s tax authority. Gains that are reported late could garner significant tax penalties. […]

The post Indian Government Slaps 70% Taxes on Unreported Crypto Gains in New Amendment appeared first on The Daily Hodl.

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Bybit Enhances Market Clarity by Making Real-Time Crypto Liquidation Data Public

India Rethinks Crypto Regulations as Global Policies Take a Radical Turn

February 4, 2025 Bitcoin.com

bitcoin.com

India is reassessing its cryptocurrency regulations as global policies evolve, with officials revisiting a discussion paper that could reshape the country’s approach to digital assets. India May Soften Crypto Stance as US Embraces Bitcoin India is reexamining its stance on cryptocurrency regulations as international perspectives on digital assets shift, Reuters reported Sunday, citing Economic Affairs […]

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Bybit Enhances Market Clarity by Making Real-Time Crypto Liquidation Data Public

US Sentences Indian National to Prison for $20M Crypto Laundering Scheme

January 22, 2025 Bitcoin.com

bitcoin.com

The U.S. sentenced an Indian cryptocurrency vendor to 121 months in prison for laundering over $20 million through darknet platforms and an international hawala network. Cryptocurrency Laundering Scheme Ends in Prison Sentence The U.S. Department of Justice (DOJ) announced on Jan. 17 that Anurag Pramod Murarka, a 30-year-old Indian national, has been sentenced to 121 […]

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Bybit Enhances Market Clarity by Making Real-Time Crypto Liquidation Data Public

Bybit exchange suspends services in India due to regulatory pressure

January 10, 2025 Coin Telegraph

bitcoin regulation

Bybit will continue honoring user withdrawal requests despite temporarily halting other services.

Bybit, a global crypto exchange, announced a temporary suspension of its crypto trading services in India, citing regulatory developments.

Starting Jan. 12 at 8:00 am UTC, Bybit will restrict several services, including cryptocurrency trading, account openings and placing orders through other exchange products.

Bybit attributed the decision to its goal of operating in “full compliance with all applicable rules and regulations,” the exchange stated in a Jan. 10 announcement, adding:

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Bybit Enhances Market Clarity by Making Real-Time Crypto Liquidation Data Public