Wazirx: Crypto and INR Balance Solutions Top Priority, Urges Users Not to Panic

August 16, 2024 Bitcoin.com

bitcoin.com

Indian crypto exchange Wazirx has informed users that it is focusing on resolving issues related to INR and crypto balances. The exchange emphasized that both solutions require ongoing legal analysis and urged users not to panic. Wazirx acknowledged users’ frustration but cautioned that drastic actions could cause further delays. Wazirx’s Update on Top Priority Post […]

Mad Money’s Jim Cramer Prefers BTC to MSTR — Tells Investors: ‘Own Bitcoin. That’s a Winner’

Binance Secures Registration With India’s Financial Intelligence Unit Following $2,200,000 Fine in June

August 16, 2024 The Daily Hodl

Binance

Crypto exchange Binance is resuming its services in India after complying with the nation’s registration requirements. Late last year, India blocked Binance along with nearly a dozen foreign crypto exchanges for failing to register as a reporting entity with the Financial Intelligence Unit (FIU) as required by the country’s anti-money laundering law. In June, the […]

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Mad Money’s Jim Cramer Prefers BTC to MSTR — Tells Investors: ‘Own Bitcoin. That’s a Winner’

Wazirx Moves Funds to New Wallets After $230M Crypto Theft

August 14, 2024 Bitcoin.com

Wazirx Moves Funds to New Wallets After 0M Crypto Theft

Assets

Indian crypto exchange Wazirx is in the process of migrating the remaining assets from custodian Liminal to new multisig wallets following a security breach that resulted in the theft of over $230 million. Wazirx claims that while its own systems remain secure, the custodian’s interface was compromised, prompting this precautionary measure. Wazirx Updates on Cyberattack […]

Mad Money’s Jim Cramer Prefers BTC to MSTR — Tells Investors: ‘Own Bitcoin. That’s a Winner’

BRICS Countries Deem US Dollar Less Important in Global Trade, Says Indian Expert

August 14, 2024 Bitcoin.com

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The vice chairman of the BRICS Chamber of Commerce and Industry, Sameep Shastri, has highlighted the economic bloc’s shift away from reliance on the U.S. dollar, opting instead to trade using their national currencies like the Russian ruble, Indian rupee, and Chinese yuan. He underscored the importance of economic self-reliance and the challenge to Western […]

Mad Money’s Jim Cramer Prefers BTC to MSTR — Tells Investors: ‘Own Bitcoin. That’s a Winner’

Wazirx Update: Trade Reversals Near Completion, 344 Bounty Entries Received

August 13, 2024 Bitcoin.com

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Indian crypto exchange Wazirx says it is close to completing the reversal of trades after the $230 million cyberattack. “We’re working with legal experts to help us formulate an effective method for enabling withdrawals,” the exchange stated. Additionally, Wazirx revealed that its bounty program has attracted 344 bounty hunters to help recover the stolen funds. […]

Mad Money’s Jim Cramer Prefers BTC to MSTR — Tells Investors: ‘Own Bitcoin. That’s a Winner’

Indian Crypto Exchange WazirX To Roll Back All Trades and Restore Balances Following $230,000,000 Hack in July

August 10, 2024 The Daily Hodl

crypto

Indian crypto exchange WazirX is reversing all trades and restoring customer balances after the platform was hacked to the tune of hundreds of millions of dollars in July. In a new thread on the social media platform X, WazirX says that after listening to the community, it has decided to roll back all trades made […]

The post Indian Crypto Exchange WazirX To Roll Back All Trades and Restore Balances Following $230,000,000 Hack in July appeared first on The Daily Hodl.

Mad Money’s Jim Cramer Prefers BTC to MSTR — Tells Investors: ‘Own Bitcoin. That’s a Winner’

Wazirx Announces FIR Filing Following Major Cyberattack

August 6, 2024 Bitcoin.com

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Indian crypto exchange Wazirx has updated users about the recent cyberattack, confirming the filing of a First Information Report (FIR) to address the hack. Cofounder Nischal Shetty emphasized that a police complaint was made the day after the attack. The FIR, filed nearly 20 days later, is part of an ongoing investigation by the Delhi […]

Mad Money’s Jim Cramer Prefers BTC to MSTR — Tells Investors: ‘Own Bitcoin. That’s a Winner’

Binance Hit With $87 Million Tax Bill in India

August 6, 2024 Bitcoin.com

Binance Hit With Million Tax Bill in India

anti-money laundering

Global crypto exchange Binance has received a goods and services tax (GST) bill of Rs 722 crore ($87 million) in India for non-compliance with the country’s tax regulations. This is the first instance of a cryptocurrency firm facing such scrutiny in India. A source claimed that Binance earned over Rs 4,000 crore from transaction fees […]

Mad Money’s Jim Cramer Prefers BTC to MSTR — Tells Investors: ‘Own Bitcoin. That’s a Winner’

India demands $86M from Binance in unpaid GST taxes

August 6, 2024 Coin Telegraph

Binance

Binance faces a demand for nearly $86 million in unpaid GST from Indian authorities, aiming to resume operations after a previous ban.

Indian law enforcement agencies have demanded 722 crore Indian rupees ($86 million) in unpaid taxes from crypto exchange Binance.

Binance, along with numerous other offshore crypto exchanges, was banned in India in January 2024 for noncompliance with local regulations. However, in April, Binance revealed its intent to restart its crypto trading operations in the region after paying pending taxes.

On Aug. 6, the Directorate General of Goods and Service Tax Intelligence (DGGI) — an Indian law enforcement agency — demanded 86 million from Binance under the Goods and Services Tax (GST), according to The Times of India. A local source cited in the report said:

Mad Money’s Jim Cramer Prefers BTC to MSTR — Tells Investors: ‘Own Bitcoin. That’s a Winner’

Indian Court Reaffirms Legality of Cryptocurrency, Grants Bail to Yes World CEO

August 3, 2024 Bitcoin.com

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The Orissa High Court in India has reaffirmed that cryptocurrency trading and transactions are neither banned nor deemed illegal in India. Citing the legality of crypto, the court granted bail to Sandeep Chowdhury, CEO of Yes World, who was accused of defrauding investors through a Ponzi scheme disguised as a cryptocurrency business. Orissa High Court […]

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