Bybit Addresses AML Concerns After India Block

February 7, 2025 Bitcoin.com

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 […]

Cboe seeks approval for Fidelity’s Solana ETF

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 […]

Cboe seeks approval for Fidelity’s Solana ETF

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.

Cboe seeks approval for Fidelity’s Solana ETF

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 […]

Cboe seeks approval for Fidelity’s Solana ETF

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

January 22, 2025 Bitcoin.com

US Sentences Indian National to Prison for M Crypto Laundering Scheme

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 […]

Cboe seeks approval for Fidelity’s Solana ETF

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:

Cboe seeks approval for Fidelity’s Solana ETF

Microsoft to invest $3B in AI, cloud expansion, training in India

January 9, 2025 Coin Telegraph

Microsoft to invest B in AI, cloud expansion, training in India

ai investment

Microsoft will expand its AI and cloud presence in India, including training 10 million individuals by 2030 and supporting AI startups.

American tech giant Microsoft plans to invest $3 billion to expand its cloud computing and artificial intelligence capabilities in India.

The investment includes providing artificial intelligence training to 500,000 individuals and establishing new data centers.

On Jan. 8, Microsoft CEO Satya Nadella shared the company’s plan to invest $3 billion in India over two years to build AI and cloud capabilities, calling it “the single largest expansion we have ever done in India.” The announcement was made at the Microsoft AI Tour in Bengaluru.

Cboe seeks approval for Fidelity’s Solana ETF

Can India Lead Crypto Regulation in 2025? Binance Thinks So

December 27, 2024 Bitcoin.com

Binance

Binance expects India to lead global crypto regulation in 2025, driven by progressive frameworks aimed at boosting trust, fostering innovation, and expanding blockchain utility. Will 2025 Be the Year India Leads the Global Crypto Regulatory Race? India’s role in cryptocurrency regulation is drawing attention, with Binance expressing optimism that the country will take a leading […]

Cboe seeks approval for Fidelity’s Solana ETF

Russia, India and South Africa Say BRICS Not Seeking to Weaken US Dollar: Report

December 22, 2024 The Daily Hodl

brics

Three BRICS countries are uniting in sending a message to President-elect Donald Trump about the economic bloc’s alleged de-dollarization efforts. Last year, reports surfaced that BRICS is creating a common currency backed by gold and potentially additional precious metals and assets in an effort to circumvent USD. But now, there’s an apparent reversal. Russian diplomat […]

The post Russia, India and South Africa Say BRICS Not Seeking to Weaken US Dollar: Report appeared first on The Daily Hodl.

Cboe seeks approval for Fidelity’s Solana ETF

Aptos co-founder and CEO Mo Shaikh steps down to ‘start new chapter’

December 20, 2024 Coin Telegraph

Aptos Labs

Mo Shaikh, who co-founded the firm in 2021 alongside Avery Ching said he would stay on board at Aptos Labs as a strategic adviser.

Mohammad Shaikh, the co-founder and CEO of layer-1 blockchain Aptos Labs, has resigned from the top position to “start a new chapter,” with co-founder and chief technology officer Avery Ching now taking over as the new CEO.

Shaikh co-founded Aptos Labs alongside Ching in 2021, helping Aptos mainnet launch in October 2022. He helped the firm raise $400 million and establish key partnerships.

“Today I am stepping away from Aptos Labs to start a new chapter,” Shaikh said in a Dec. 19 X post before expressing confidence in the firm’s future.

India

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