India has moved to further tighten regulatory oversight of the cryptocurrency ecosystem by introducing enhanced Know Your Customer (KYC) requirements, including mandatory live selfies and geo-tagging. The new measures aim to strengthen identity verification, curb financial crimes, and improve traceability in digital asset transactions. By closing gaps that have allowed misuse of crypto platforms, authorities… Continue reading India Steps Up Crypto Oversight With Stricter KYC Norms, Mandates Selfies and Geo-Tagging
Tag: India
India Tightens Crypto Compliance With Mandatory Selfie-Based KYC Verification
India has moved to strengthen oversight of cryptocurrency transactions by mandating enhanced Know Your Customer (KYC) protocols for digital asset users. Under the revised compliance framework, crypto customers will now be required to complete selfie-based identity verification along with a “penny drop” bank validation process. The measures aim to curb financial fraud, prevent identity misuse,… Continue reading India Tightens Crypto Compliance With Mandatory Selfie-Based KYC Verification
Raj Kundra Summoned in Cryptocurrency Probe as Authorities Intensify Rs. 150 Crore Money-Laundering Investigation
Indian authorities have summoned businessman Raj Kundra in connection with an ongoing investigation into alleged cryptocurrency-related fraud and a suspected money-laundering operation valued at Rs.150 crore. The case marks a significant escalation in regulatory scrutiny of digital asset transactions and financial compliance in India. Investigators are examining fund flows, the structure of crypto investments, and… Continue reading Raj Kundra Summoned in Cryptocurrency Probe as Authorities Intensify Rs. 150 Crore Money-Laundering Investigation
Budget 2026 and the Crypto Question: Charting a Clearer, Fairer Path for Digital Assets in India
As digital assets gain wider traction in India, Budget 2026 presents a critical opportunity to reset the country’s approach to crypto taxation and regulation. The current framework, marked by high tax rates and limited regulatory clarity, has constrained domestic innovation while pushing activity offshore. Policymakers now face the challenge of balancing revenue protection with the… Continue reading Budget 2026 and the Crypto Question: Charting a Clearer, Fairer Path for Digital Assets in India
Tax Authorities Raise Red Flags on Cryptocurrency, Advise Caution on Wider Adoption
India’s income tax authorities have expressed serious concerns over cryptocurrencies, warning policymakers about potential risks linked to financial transparency, tax compliance, and capital flight. In internal assessments, the department has reportedly opposed the wider entry of crypto assets into the formal financial system, citing challenges in tracking transactions and enforcing existing tax laws. The stance… Continue reading Tax Authorities Raise Red Flags on Cryptocurrency, Advise Caution on Wider Adoption
India’s Tax Authorities Align With Central Bank in Raising Fresh Concerns Over Cryptocurrencies
India’s income tax department has reinforced concerns raised earlier by the Reserve Bank regarding cryptocurrencies, highlighting risks related to financial stability, tax compliance, and regulatory oversight. The alignment between fiscal authorities and the central bank signals a hardened stance on the unchecked growth of digital assets. Officials have cautioned that crypto transactions pose challenges in… Continue reading India’s Tax Authorities Align With Central Bank in Raising Fresh Concerns Over Cryptocurrencies
Crypto and Cybersecurity in India: Rising Digital Wealth, Growing Threat Landscape
India’s expanding cryptocurrency ecosystem has unlocked new avenues of digital finance, but it has also exposed investors, exchanges, and institutions to escalating cyber risks. As crypto adoption accelerates, cybercriminals are exploiting regulatory gaps, weak security practices, and low investor awareness to orchestrate sophisticated attacks. From exchange breaches and wallet thefts to phishing scams and ransomware… Continue reading Crypto and Cybersecurity in India: Rising Digital Wealth, Growing Threat Landscape
India Strengthens Crypto Oversight as 49 Exchanges Register with FIU in FY25
India’s regulatory framework for digital assets took a decisive step forward in FY25, with 49 cryptocurrency exchanges successfully registering with the Financial Intelligence Unit (FIU). The development signals a maturing approach toward crypto governance, balancing innovation with tighter compliance and financial transparency. Mandatory FIU registration reflects the government’s intent to curb illicit financial flows, enhance… Continue reading India Strengthens Crypto Oversight as 49 Exchanges Register with FIU in FY25
India’s Competition Watchdog Clears Coinbase’s Strategic Entry into DCX Global
India’s competition regulator has approved Coinbase’s acquisition of a minority stake in DCX Global, marking a notable development in the country’s evolving digital asset landscape. The clearance underscores regulatory openness to foreign participation in India’s crypto ecosystem, provided competition norms are respected. For Coinbase, the move offers a calibrated entry into a complex but high-potential… Continue reading India’s Competition Watchdog Clears Coinbase’s Strategic Entry into DCX Global
ED Intensifies Crypto Fraud Probe With Raids Across 21 Locations in Multiple States
The Enforcement Directorate (ED) has carried out coordinated searches at 21 premises across several states in connection with a major cryptocurrency fraud case originating in Karnataka. The action marks a significant escalation in the investigation, aimed at tracing illicit fund flows, identifying beneficiaries, and uncovering assets linked to the alleged scam. Officials are examining digital… Continue reading ED Intensifies Crypto Fraud Probe With Raids Across 21 Locations in Multiple States