India

Indian Judge Halts WazirX’s XRP Reallocation Plan Linked to 2024 Hack
The Madras High Court granted interim protection to a WazirX user, blocking the exchange from redistributing her XRP as part of its Singapore-led restructuring.

Coinbase to Increase Investment in One of India’s Largest Crypto Exchanges
The planned deal sets a $2.45 billion post-money valuation and follows CoinDCX’s April 2022 raise of $135 million at a $2.15 billion valuation.

India to Introduce RBI-Backed Digital Currency For Faster Transactions: Report
The new offering will leverage blockchain technology for faster and safer transactions, minister Piyush Goyal said.

Bybit Resumes Full Crypto Trading in India After Paying $1M Fine, Securing Compliance
The exchange had suspended most services in January 2025 due to operating without proper registration under anti-money laundering rules.

Bitcoin and Stablecoins Dominate as India, U.S. Top 2025 Crypto Adoption Index
USDT and USDC continue to lead global stablecoin flows, but EURC and PYUSD are rising fast as institutional rails expand

CoinDCX Engineer Arrested Following July's $43.4M Exploit: Report
A software engineer working for CoinDCX has been arrested for alleged involvement in the breach after hackers allegedly exploited his credentials to siphon funds to six wallets.

CoinDCX Dismisses Report of Coinbase Acquisition Talks
CoinDCX's CEO denied reports of a potential acquisition by Coinbase, emphasizing the company's focus on India.

Indian Crypto Exchange CoinDCX Denies Moving User Funds After WazirX Allegations
CoinDCX's CEO, Sumit Gupta, refuted allegations of moving user funds to non-compliant entities in Lithuania.

Matador Technologies to Acquire Stake in Indian Firm HODL Systems
The Canadian firm plans to invest $3.2M for up to 24.95% ownership and license its digital gold tech to the Indian market.

India's Crypto Industry Lobbies for Tax Cuts as Government Eyes Softening Stance: FT
The cryptocurrency industry in India has spotted its chance to lobby for more favorable treatment from New Delhi
