India, Nigeria, Indonesia Lead Chainalysis 2024 Crypto Adoption Index

September 12, 2024 Bitcoin.com

Bitcoin

India, Nigeria, and Indonesia top Chainalysis’ latest global crypto adoption index, which ranks 151 countries based on grassroots cryptocurrency usage, adjusted for population and purchasing power. The report notes strong growth in crypto activity, particularly in lower-income nations. Chainalysis Highlights Global Cryptocurrency Adoption Blockchain data analytics firm Chainalysis published an excerpt from its 2024 Geography […]

Robert Kiyosaki Endorses Michael Saylor’s M Bitcoin Forecast — ‘I Believe He Is Right’

Robert Kiyosaki Endorses Michael Saylor’s $13M Bitcoin Forecast — ‘I Believe He Is Right’

India’s FIU Considers Approving More Offshore Crypto Exchanges

September 6, 2024 Bitcoin.com

AML

India’s Financial Intelligence Unit is reportedly reviewing four offshore cryptocurrency exchanges for potential approval to resume operations following the lifting of bans on Binance and Kucoin. The focus is on ensuring compliance with anti-money laundering regulations, including transaction transparency and reporting of suspicious activity. FIU-India May Permit More Offshore Crypto Exchanges Next Year India’s Financial […]

Robert Kiyosaki Endorses Michael Saylor’s $13M Bitcoin Forecast — ‘I Believe He Is Right’

Turkey Seeks to Join BRICS to Strengthen Global Influence

September 3, 2024 Bitcoin.com

alliances

Turkey has reportedly formally requested to join the BRICS economic bloc to expand its global influence and establish new alliances beyond its traditional Western partners. Turkish President Recep Tayyip Erdogan’s administration views the shifting geopolitical landscape as an opportunity to strengthen ties with both Eastern and Western nations while remaining committed to NATO. Erdogan emphasized […]

Robert Kiyosaki Endorses Michael Saylor’s $13M Bitcoin Forecast — ‘I Believe He Is Right’

Payments in National Currencies Surge to 92% Among SCO Members

September 1, 2024 Bitcoin.com

bitcoin.com

Payments in national currencies among Shanghai Cooperation Organization (SCO) members have reportedly increased from 40% in 2022 to 92%, signaling a move away from reliance on the U.S. dollar. Similar to the BRICS economic bloc, the SCO, which includes Russia, China, India, and recently added Iran, is encouraging the use of local currencies to strengthen […]

Robert Kiyosaki Endorses Michael Saylor’s $13M Bitcoin Forecast — ‘I Believe He Is Right’

RBI Governor Warns Against Rapid CBDC Launch, Advocates Gradual Approach

August 27, 2024 Bitcoin.com

The governor of India’s central bank, the Reserve Bank of India (RBI), Shaktikanta Das, has highlighted the challenges of implementing cross-border digital currency interoperability and the necessity for robust governance. He emphasized the importance of gradual central bank digital currency (CBDC) rollout and data-driven insights from pilot programs. RBI Governor Warns of Challenges in Digital […]

Robert Kiyosaki Endorses Michael Saylor’s $13M Bitcoin Forecast — ‘I Believe He Is Right’

Wazirx Begins INR Withdrawal Phase 1: Users Can Withdraw Up to 33%

August 26, 2024 Bitcoin.com

bitcoin.com

Indian crypto exchange Wazirx has initiated the first phase of INR withdrawals, permitting eligible users to withdraw up to 33% of their INR balances. Co-founder Nischal Shetty noted that the timeline for the second phase remains uncertain due to several internal factors that need to be addressed. Wazirx Launches Phase 1 of INR Withdrawals Indian […]

Robert Kiyosaki Endorses Michael Saylor’s $13M Bitcoin Forecast — ‘I Believe He Is Right’

India Expected to Release Consultation Paper on Cryptocurrency Regulations in Coming Months, Report

August 24, 2024 Bitcoin.com

Binance

The Indian government, through a panel headed by the Secretary of the Department of Economic Affairs (DEA), is expected to release a consultation paper on cryptocurrency regulations. The paper, scheduled for release between September and October 2024, will seek input from stakeholders to gather feedback on effective regulation. India is emphasizing the importance of international […]

Robert Kiyosaki Endorses Michael Saylor’s $13M Bitcoin Forecast — ‘I Believe He Is Right’

Wazirx to Resume INR Withdrawals Up to 66% — Crypto Withdrawals Remain Suspended

August 23, 2024 Bitcoin.com

bitcoin.com

Indian crypto exchange Wazirx has announced that INR withdrawals will resume in phases starting on Aug. 26, following a cyberattack that disrupted services. To manage crypto balances, Wazirx plans to implement a Singapore Scheme of Arrangement to facilitate the distribution of crypto assets. INR withdrawals will occur in two stages, allowing users to access up […]

Robert Kiyosaki Endorses Michael Saylor’s $13M Bitcoin Forecast — ‘I Believe He Is Right’

Binance’s return to India comes with $86M tax demand

August 20, 2024 Coin Telegraph

Binance’s return to India comes with M tax demand

AML

While Indian AML agencies have given Binance the green light to resume operations, authorities are still seeking $86 million in tax liabilities from the firm.

Binance recently announced its return to India on the occasion of the country’s 78th independence day — marking a fresh start to crypto adoption in one of the world’s fastest-growing digital economies.

However, the exchange still faces an $86 million tax demand from Indian authorities under the Goods and Services Tax.

Binance’s return to India is the culmination of a complex regulatory process. In December 2023, the Indian Ministry of Finance’s Financial Intelligence Unit (FIU) issued notices to several offshore crypto exchanges, including Binance, KuCoin, Bittrex, Gate.io and OKX, among others, for operating illegally in India.

Robert Kiyosaki Endorses Michael Saylor’s $13M Bitcoin Forecast — ‘I Believe He Is Right’

Binance Goes Live in India: Full Access for Indian Users

August 17, 2024 Bitcoin.com

AML

Binance has registered as a reporting entity with India’s Financial Intelligence Unit. Binance CEO Richard Teng emphasized the importance of the Indian market and the crypto exchange’s dedication to providing secure and efficient services. With this registration, Indian users now have full access to Binance’s platform. Binance Now Fully Available for Indian Users Crypto exchange […]

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