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ED issues ‘crypto withdrawals’ Notice Against WazirX; Why it is critical for Indian ecosystem?

Indian regulatory watchdog Enforcement Directorate (ED) issued a notice against India’s largest crypto exchange WazirX asking them why withdrawals from the crypto wallet are not a violation of India’s Foreign Exchange Management Act (FEMA), as per a report in ET. The notice from the financial watchdog comes at a crucial juncture in terms of crypto

Indian regulatory watchdog Enforcement Directorate (ED) issued a notice against India’s largest crypto exchange WazirX asking them why withdrawals from the crypto wallet are not a violation of India’s Foreign Exchange Management Act (FEMA), as per a report in ET. The notice from the financial watchdog comes at a crucial juncture in terms of crypto

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News

Breaking: Indian High Court calls for “standardized disclaimers’ on crypto advertisements

Delhi High Court has issued a notice on the plea filed against cryptocurrency advertisements in India; the court has asked concerned regulatory bodies to take note of the matter and issue guidelines for standardized disclaimers on the ads in the public interest. The Divisional Bench of Justice DN Patel and Justice Jyoti Singh has notified the

Delhi High Court has issued a notice on the plea filed against cryptocurrency advertisements in India; the court has asked concerned regulatory bodies to take note of the matter and issue guidelines for standardized disclaimers on the ads in the public interest. The Divisional Bench of Justice DN Patel and Justice Jyoti Singh has notified the

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Indian Finance Minister Says Cabinet Note Ready on Crypto Bill

Nirmala Sitharaman, the Indian finance minister in her latest interview gave an insight into the long-pending crypto bill. She revealed the cabinet note for the crypto bill is ready and has been prepared after taking inputs from the stakeholders of the industry. The Indian crypto bill was listed during the last budget session of the

Nirmala Sitharaman, the Indian finance minister in her latest interview gave an insight into the long-pending crypto bill. She revealed the cabinet note for the crypto bill is ready and has been prepared after taking inputs from the stakeholders of the industry. The Indian crypto bill was listed during the last budget session of the

Cryptocurrency Investors to Receive Tax Notice
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Cryptocurrency Investors to Receive Tax Notice
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Big Setback For Foreign Crypto Exchanges In India as Gov Plans 18% Additional Taxation

Foreign crypto exchanges offering their service to Indian customers might have to pay additional tax, as per a report in The Economic Times. The Indian Tax authority is exploring the tax bracket that many foreign cryptocurrency exchanges may fall into depending on their service offerings in the country. At present foreign exchanges don’t pay any

Foreign crypto exchanges offering their service to Indian customers might have to pay additional tax, as per a report in The Economic Times. The Indian Tax authority is exploring the tax bracket that many foreign cryptocurrency exchanges may fall into depending on their service offerings in the country. At present foreign exchanges don’t pay any

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News

All Eyes On Indian Crypto Bill as Monsoon Session Starts on July 19

The monsoon session for the Indian parliament is scheduled to begin on July 19 and commence by the second week of August. Among various agendas and bills up for discussion, the crypto communities have their eye set on the Crypto bill. The excitement is higher this time around since inside reports have suggested a positive

The monsoon session for the Indian parliament is scheduled to begin on July 19 and commence by the second week of August. Among various agendas and bills up for discussion, the crypto communities have their eye set on the Crypto bill. The excitement is higher this time around since inside reports have suggested a positive

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News

Breaking: Twitter Faces Criminal Liabilities for Third Party Content In India

Twitter has lost its intermediary status in India for failing to comply with the latest IT regulations that came into effect on May 25. The intermediary status offered a legal shield to social media platforms that protected them from persecution over content posted on the platform. This would also mean the social media platform would

Twitter has lost its intermediary status in India for failing to comply with the latest IT regulations that came into effect on May 25. The intermediary status offered a legal shield to social media platforms that protected them from persecution over content posted on the platform. This would also mean the social media platform would

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News

Indian Crypto Exchange WazirX at the Center of an Alleged $38M Money Laundering Investigation

WazirX, the top crypto India exchange is at the center of a $38 million money-laundering investigation with a Binance connection. The Enforcement Directorate, a financial watchdog in India today allegedly issued a show-cause notice to the Indian crypto exchange WazirX regarding an ongoing money-laundering investigation into an illegal Chinese betting app. ED in its official

WazirX, the top crypto India exchange is at the center of a $38 million money-laundering investigation with a Binance connection. The Enforcement Directorate, a financial watchdog in India today allegedly issued a show-cause notice to the Indian crypto exchange WazirX regarding an ongoing money-laundering investigation into an illegal Chinese betting app. ED in its official

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Breaking: Indian Crypto Exchange Faces Alleged Investigation Over Money Laundering Charges

The Enforcement Directorate (ED), an economic intelligence agency responsible for enforcing economic laws in India allegedly issued a show-cause notice to crypto exchange Wazirx along with its directors today, over crypto transactions amounting to Rs 2,790.74 crore ($38.18 million). ED has issued Show Cause Notice to WazirX Crypto-currency Exchange for contravention of FEMA, 1999 for

The Enforcement Directorate (ED), an economic intelligence agency responsible for enforcing economic laws in India allegedly issued a show-cause notice to crypto exchange Wazirx along with its directors today, over crypto transactions amounting to Rs 2,790.74 crore ($38.18 million). ED has issued Show Cause Notice to WazirX Crypto-currency Exchange for contravention of FEMA, 1999 for

Blockchain News
Blockchain News

GPU chips in India Selling at 2X, Are Crypto Miners to blame?

The Indian gaming market is suffering from a GPU shortage as newly launched Nvidia GPUs are selling at 2X the original price. For example, Nvidia 3070 GPU is priced at INR 45K but the partner cards are being sold at INR 90k and more. The shortage is being attributed to silicon scarcity and hoarding by

The Indian gaming market is suffering from a GPU shortage as newly launched Nvidia GPUs are selling at 2X the original price. For example, Nvidia 3070 GPU is priced at INR 45K but the partner cards are being sold at INR 90k and more. The shortage is being attributed to silicon scarcity and hoarding by

Jack Dorsey
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Jack Dorsey
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Twitter Faces Government Backlash Across Globe Over it’s Censorship Policies, What’s next?

Twitter, the popular social media platform is at the center of a big censorship controversy after facing heavy backlash from governments across the globe. The Nigerian government has outright banned Twitter’s use after the platform deleted the President’s tweet. The government has cut all cellular connections for the social media platform post its actions. NIGERIA:

Twitter, the popular social media platform is at the center of a big censorship controversy after facing heavy backlash from governments across the globe. The Nigerian government has outright banned Twitter’s use after the platform deleted the President’s tweet. The government has cut all cellular connections for the social media platform post its actions. NIGERIA:

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Indian Banks are Reportedly Using RBI’s Quashed Circular From 2018 to Warn Users Against Crypto

Indian banks are reportedly citing the 2018 circular issued by the Reserve Bank of India(RBI), the Indian Central Bank, to caution customers against dealing in cryptocurrencies, reported Bloomberg. The said circular prohibited banks from offering any service to crypto exchanges and platforms, but it was quashed by the Supreme Court in March last year. Despite

Indian banks are reportedly citing the 2018 circular issued by the Reserve Bank of India(RBI), the Indian Central Bank, to caution customers against dealing in cryptocurrencies, reported Bloomberg. The said circular prohibited banks from offering any service to crypto exchanges and platforms, but it was quashed by the Supreme Court in March last year. Despite

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News

Indian Central Bank Governor Voices Concern Over Cryptocurrencies

The Governor of the Reserve Bank of India (RBI), the Indian Central Bank today voiced his concerns over the use of cryptocurrencies suggesting it might have a devastating impact on the economy of the country. Shaktikanta Das, the governor of RBI made these comments during an interview with a local media house said that India

The Governor of the Reserve Bank of India (RBI), the Indian Central Bank today voiced his concerns over the use of cryptocurrencies suggesting it might have a devastating impact on the economy of the country. Shaktikanta Das, the governor of RBI made these comments during an interview with a local media house said that India

RBI
Regulation News
RBI
Regulation News

Indian Central Bank RBI is Reportedly Exploring the Need of Cryptocurrency in Payment Sector

Reserve Bank of India (RBI), the Indian central bank is reportedly looking at the use cases of cryptocurrencies in the growing payment sector as per a report in the Economic Times. The Indian Central Bank reportedly released a booklet covering the journey of digital payment and settlements in India in 2020, where it suggested that

Reserve Bank of India (RBI), the Indian central bank is reportedly looking at the use cases of cryptocurrencies in the growing payment sector as per a report in the Economic Times. The Indian Central Bank reportedly released a booklet covering the journey of digital payment and settlements in India in 2020, where it suggested that

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Sponsored

How to invest bitcoin in India?

Every day that passes the most influential cryptocurrency in the world; bitcoin is becoming a highly valued asset to invest and obtain profits, either in the short, medium or long term. Situation, which has increased during the last quarter of 2020 and early 2021, an example of this is that only during the month of

Every day that passes the most influential cryptocurrency in the world; bitcoin is becoming a highly valued asset to invest and obtain profits, either in the short, medium or long term. Situation, which has increased during the last quarter of 2020 and early 2021, an example of this is that only during the month of

bitcoin india crypto ban
Regulation News
bitcoin india crypto ban
Regulation News

Ripple CEO Disappointed by India’s Stifling Crypto Ban Revival

Crypto industry executives have voiced disappointment over the continual indecision from the Indian parliament over the future of the digital asset ecosystem within the country. Ripple CEO Brad Garlinghouse was one of the first to respond to a recent report claiming that India plans to introduce a new law banning trade in cryptocurrencies. The fintech

Crypto industry executives have voiced disappointment over the continual indecision from the Indian parliament over the future of the digital asset ecosystem within the country. Ripple CEO Brad Garlinghouse was one of the first to respond to a recent report claiming that India plans to introduce a new law banning trade in cryptocurrencies. The fintech

bitcoin p2p volumes
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bitcoin p2p volumes
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Bitcoin [BTC] P2P Volumes Records All-Time Highs in Six Countries: Analyst

Bitcoin [BTC] peer-to-peer trading volumes record new highs in India, South Africa, Ghana, Kenya, Argentina and Chile. The data is compiled from Localbitcoin and Paxful at UsefulTulips. It was brought to light by Kevin Rooke, an independent researcher. Only last week, Rooke, notified about the highs in four of the above-listed countries with the addition of

Bitcoin [BTC] peer-to-peer trading volumes record new highs in India, South Africa, Ghana, Kenya, Argentina and Chile. The data is compiled from Localbitcoin and Paxful at UsefulTulips. It was brought to light by Kevin Rooke, an independent researcher. Only last week, Rooke, notified about the highs in four of the above-listed countries with the addition of

YouTube Crypto Purge
Bitcoin News
YouTube Crypto Purge
Bitcoin News

After Twitter, Hackers Target YouTube For Bitcoin Scam

Fraudsters trying to scam Bitcoin from people is not new. But, the recent Twitter hack caused immense chaos. Another hacker seems to be following suit, however, on a different platform.  YouTube Falls Under The Radar Of BTC Scammers It has been more than a decade since the first cryptocurrency entered the market. With its price,

Fraudsters trying to scam Bitcoin from people is not new. But, the recent Twitter hack caused immense chaos. Another hacker seems to be following suit, however, on a different platform.  YouTube Falls Under The Radar Of BTC Scammers It has been more than a decade since the first cryptocurrency entered the market. With its price,

okex
Altcoin
okex
Altcoin

OKEx To Enter The Indian Market With P2P Crypto Exchange

Malta-based cryptocurrency exchange, OKEx is the latest platform to enter the Indian crypto scene. Earlier today, OKEx announced that it is looking forward to rolling out a P2P platform that would allow users to purchase cryptocurrencies with INR.  After Binance, OKEx Enters The Indian Market The past few years have been complex and confusing for

Malta-based cryptocurrency exchange, OKEx is the latest platform to enter the Indian crypto scene. Earlier today, OKEx announced that it is looking forward to rolling out a P2P platform that would allow users to purchase cryptocurrencies with INR.  After Binance, OKEx Enters The Indian Market The past few years have been complex and confusing for

DogeCoin
Altcoin News
DogeCoin
Altcoin News

Dogecoin: Is a TikTok Led $1 Pump Possible with the Escalating Ban on Chinese Apps?

The TikTok Dogecoin pump was looking close to a realization this morning as the crypto shot up to a high at $0.005 with a 143% increase to highs in the last three days. The price of DOGE at 14: 45 hours UTC on 8th July 2020 is $0.0039 ( 42 sats w.r.t. BTC). A few

The TikTok Dogecoin pump was looking close to a realization this morning as the crypto shot up to a high at $0.005 with a 143% increase to highs in the last three days. The price of DOGE at 14: 45 hours UTC on 8th July 2020 is $0.0039 ( 42 sats w.r.t. BTC). A few

Tata Consultancy Services crypto
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Tata Consultancy Services crypto
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Tata Consultancy Service (TCS) Launches Crypto Trading Solution For Indian Banks

Tata Consultancy Services Limited (TSC) has launched a crypto trading solution for Indian banks and financial institutions which will in turn enable them offer services to clients. This is according to a press release issued on July 8, 2020. Tata Consultancy Services (TSC) Enters Crypto Trading The Quartz™ Smart Solution will help financial institutions offer

Tata Consultancy Services Limited (TSC) has launched a crypto trading solution for Indian banks and financial institutions which will in turn enable them offer services to clients. This is according to a press release issued on July 8, 2020. Tata Consultancy Services (TSC) Enters Crypto Trading The Quartz™ Smart Solution will help financial institutions offer