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Wazirx Offers $23M Bounty to Recover Stolen Assets After Massive Security Breach

Wazirx Offers M Bounty to Recover Stolen Assets After Massive Security BreachIndian crypto exchange Wazirx has announced a $23 million bounty program to recover assets stolen in a cyberattack on its multisig wallet. Emphasizing community involvement, co-founder Nischal Shetty outlined the rewards for tracking, freezing, and ethically recovering the stolen funds. He insists that the attack was not due to phishing but involved multiple hardware wallets […]

SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

Wazirx Prepares Bounty Program to Recover $230 Million Stolen in Security Breach

Wazirx Prepares Bounty Program to Recover 0 Million Stolen in Security BreachWazirx co-founder Nischal Shetty has updated the public on the $230 million security breach affecting the Indian crypto exchange. The Wazirx team is preparing a bounty program, engaging with expert teams to trace the stolen funds, and collaborating with other exchanges. “This is an unprecedented attack on one of the largest crypto exchanges in India. […]

SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

India Seeks Common Crypto Framework for All Countries to Deal With ‘Many Collapses and Shocks in Cryptocurrencies’

India Seeks Common Crypto Framework for All Countries to Deal With ‘Many Collapses and Shocks in Cryptocurrencies’India’s finance minister, Nirmala Sitharaman, said during her official visit to the U.S. that crypto regulation is a very important part of the discussion by the G20 countries given “so many collapses and shocks in cryptocurrencies.” She stressed: “We seek to develop a common framework for all countries to deal with this matter.” India Seeks […]

SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

Indian Government Answers Questions About Crypto Legalization, Fraud Prevention

Indian Government Answers Questions About Crypto Legalization, Fraud PreventionThe Indian government has responded to parliamentary questions about the legalization of cryptocurrency and the steps it has taken to prevent crypto-related fraud. “Crypto assets are currently unregulated in India. Frauds relating to crypto are dealt with under extant laws against fraud and cybercrime,” the Minister of State for the Ministry of Finance told parliament. […]

SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

India to Finalize Stance on Legality of Cryptocurrency by Q1 2023: Report

India to Finalize Stance on Legality of Cryptocurrency by Q1 2023: ReportThe Indian government is reportedly planning to finalize its stance on the legality of cryptocurrency by the first quarter of next year in order to become Financial Action Task Force (FATF) compliant. “We will finalize our responses by February-March 2023. We have to respond to the FATF by May,” a government official said. India Finalizing […]

SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

Deloitte: 82% of Indians Surveyed Plan to Invest in Crypto Once Government Provides Regulatory Clarity

Deloitte: 82% of Indians Surveyed Plan to Invest in Crypto Once Government Provides Regulatory ClarityA recent survey by Deloitte shows that 82% of Indians plan to invest in cryptocurrency when the government provides more clarity surrounding the regulation of crypto assets. Moreover, 77.4% of respondents want cryptocurrency to be treated as securities. Indian Crypto Survey: 82% Plan to Invest in Crypto Once It Is Regulated Professional services firm Deloitte […]

SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

Indian Government Needs More Time to Finalize Crypto Bill: Report

Indian Government Needs More Time to Finalize Crypto Bill: ReportIndian government officials reportedly said that India’s cryptocurrency bill will require more time because crypto is a complex subject. The bill is therefore unlikely to be introduced in the upcoming session of parliament. The government reportedly wants to hold more discussions to build a consensus on a regulatory framework for crypto. Crypto Bill Unlikely to […]

SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

India’s Prime Minister Modi Calls for Global Collaboration on Crypto — Says ‘We Have to Have a Similar Mindset’

India’s Prime Minister Modi Calls for Global Collaboration on Crypto — Says ‘We Have to Have a Similar Mindset’India’s prime minister, Narendra Modi, has called on governments worldwide to collaborate on cryptocurrency. He pointed out that “The kind of technology that is associated with it, the decisions taken by a single country will be insufficient to deal with its challenges.” Indian Prime Minister Urges ‘Every Country, Every Global Agency’ to Collaborate on Cryptocurrency […]

SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

Paytm Founder: Crypto Is Here to Stay and Will Become Mainstream in 5 Years

Paytm Founder: Crypto Is Here to Stay and Will Become Mainstream in 5 YearsThe founder of Paytm, a major digital payment company in India, is “very positive about crypto.” Noting that cryptocurrency is here to stay, he expects it to become a mainstream technology in a few years. Paytm Founder Is ‘Very Positive About Crypto’ Vijay Shekhar Sharma, the founder of Paytm, said at a virtual conference organized […]

SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse