In a major law enforcement operation in Cuttack, Odisha, 30 individuals from West Bengal were detained following allegations of involvement in a large-scale cryptocurrency fraud. Authorities raided a hotel suspected of serving as the operational hub for illicit digital currency schemes, which may have defrauded investors of substantial sums. The suspects reportedly used sophisticated online… Continue reading West Bengal Residents Detained in Cuttack Hotel Raid Amid Major Cryptocurrency Fraud Investigation
Tag: India
WazirX Set to Resume Operations in India from October 24: Key Details for Investors
WazirX, one of India’s leading cryptocurrency exchanges, is scheduled to resume operations on October 24, 2025, following a temporary suspension linked to regulatory compliance requirements. The platform has undertaken measures to align with India’s evolving cryptocurrency framework, including enhanced KYC protocols, transaction monitoring, and adherence to anti-money laundering standards. The reopening is expected to impact… Continue reading WazirX Set to Resume Operations in India from October 24: Key Details for Investors
Coinbase Deepens Investment in CoinDCX, Elevating Indian Crypto Exchange to $2.45 Billion Valuation
Coinbase Ventures has increased its stake in CoinDCX, India’s leading cryptocurrency exchange, valuing the company at $2.45 billion. This strategic move underscores Coinbase’s commitment to expanding its footprint in the Indian and Middle Eastern crypto markets. The investment aims to bolster CoinDCX’s growth initiatives, including product innovation and geographic expansion. Coinbase’s Strategic Investment in CoinDCX… Continue reading Coinbase Deepens Investment in CoinDCX, Elevating Indian Crypto Exchange to $2.45 Billion Valuation
Celebrity Hairstylist Jawed Habib Faces Over 30 FIRs in Uttar Pradesh Over Alleged Crypto Investment Scam
Title:Celebrity Hairstylist Jawed Habib Faces Over 30 FIRs in Uttar Pradesh Over Alleged Crypto Investment Scam Summary (100 words):Renowned hairstylist and entrepreneur Jawed Habib is facing serious legal trouble as more than 30 cases have reportedly been filed against him across Uttar Pradesh for his alleged involvement in a cryptocurrency investment fraud. The accusations claim… Continue reading Celebrity Hairstylist Jawed Habib Faces Over 30 FIRs in Uttar Pradesh Over Alleged Crypto Investment Scam
Binance Wallets Decrypted as Indian Tax Authorities Crack Down on Crypto Evasion
Indian tax authorities have successfully decrypted Binance cryptocurrency wallets, targeting individuals and entities attempting to evade taxes on digital asset transactions. The move comes amid growing regulatory scrutiny of crypto trading and aims to ensure compliance with the country’s taxation framework. Analysts note that this initiative signals the government’s resolve to curb illicit activity and… Continue reading Binance Wallets Decrypted as Indian Tax Authorities Crack Down on Crypto Evasion
Crypto in India: Navigating Opportunities and Challenges in a Rapidly Evolving Market
Cryptocurrency adoption in India is gaining momentum, fueled by growing retail interest, institutional participation, and technological innovation. Despite regulatory uncertainty, investors and enterprises are exploring opportunities in digital assets, blockchain solutions, and decentralized finance (DeFi). Key factors shaping the market include government policies, taxation frameworks, exchange infrastructure, and fintech integration. Analysts highlight that India’s tech-savvy… Continue reading Crypto in India: Navigating Opportunities and Challenges in a Rapidly Evolving Market
ED Charges Raj Kundra in Bitcoin Case, 285 Bitcoins Seized Worth ₹150 Crore
The Enforcement Directorate (ED) has filed a chargesheet against businessman Raj Kundra in connection with a high-profile Bitcoin-related scam. Authorities allege that Kundra holds 285 Bitcoins valued at approximately ₹150 crore, which were acquired through illicit means. The chargesheet follows months of investigation into financial irregularities, digital asset transfers, and potential violations of Indian laws… Continue reading ED Charges Raj Kundra in Bitcoin Case, 285 Bitcoins Seized Worth ₹150 Crore
India Delays Comprehensive Crypto Legislation Amid Systemic Risk Concerns
India has chosen to withhold the introduction of a comprehensive cryptocurrency law, citing systemic risks and the need for cautious evaluation before enacting sweeping reforms. Policymakers remain concerned about the potential impact of digital assets on financial stability, monetary policy, and investor protection. While the government acknowledges the rapid growth of the crypto sector and… Continue reading India Delays Comprehensive Crypto Legislation Amid Systemic Risk Concerns
Investors Urged to Heed RBI Warnings as Cryptocurrency Risks Mount
The Reserve Bank of India (RBI) has reiterated cautionary guidance regarding cryptocurrencies, emphasizing the potential financial, regulatory, and systemic risks associated with digital assets. Despite soaring retail and institutional interest, investors are being warned about volatility, lack of legal safeguards, and the possibility of significant losses. Financial authorities stress that cryptocurrencies remain outside the ambit… Continue reading Investors Urged to Heed RBI Warnings as Cryptocurrency Risks Mount
India Weighs Delay in Cryptocurrency Law Over Concerns of Financial Stability and UPI Risks
India’s much-anticipated cryptocurrency legislation may face further delays, with policymakers signaling caution over the potential risks posed to the financial system and the Unified Payments Interface (UPI). Officials are reportedly evaluating whether a comprehensive regulatory framework for digital assets could inadvertently disrupt the country’s robust payment infrastructure and banking ecosystem. While investor demand for clarity… Continue reading India Weighs Delay in Cryptocurrency Law Over Concerns of Financial Stability and UPI Risks