India
Indian Court Orders Scam Websites Using Crypto Exchange Mudrex's Name to Be Taken Down
The court ordered India's Ministry of Communication to move against as many as 38 websites.
Telegram Under Scrutiny in India, but Ban Not Imminent: Reports
One report said that India's Information Technology Ministry asked the Nation's Home Ministry for an update on where things stand in the Indian context and if there are any violations in India after Telegram CEO Pavel Durov was arrested in France.
Telegram Says It Is Compliant With EU Laws; India’s CBDC Pilot Attracts 5M Users
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as Telegram announced in a statement that the messaging platform fully complies with European Union law after the arrest of its CEO Pavel Durov. Plus, India's retail CBDC pilot, and Hong Kong's regulator speaks up on crypto exchanges seeking full licenses in the region.
India's CBDC Has 5M Users, Can be Phased in Gradually: Central Bank Governor
Governor Shaktikanta Das said there should not be in any rush to roll out a system-wide CBDC.
WazirX to Phase In Indian Rupee Withdrawals Starting Aug. 26
Users of the Indian crypto exchange will be able to take out up to 66% of their rupee funds in two phases following a suspension instituted after last month's $230 million dollar hack.
Binance Completes Registration With India's Financial Intelligence Unit Months After Being Fined
The registration was provisionally approved in May, subject to the crypto exchange paying a fine of about $2.2 million.
WazirX Ends Custody Relationship With Liminal, Is Moving Funds to New Multisig Wallets
The Indian crypto exchange is facing heat from customers for the inability to withdraw their funds and an alleged lack of transparency after a $230 million exploit.
Post WazirX Hack, India's CoinDCX Starts Investor Protection Fund With $6M
The decision comes in the wake of the $230 million hack on crypto exchange WazirX last month.
Binance Challenges Indian Tax Showcause; Ronin Pauses After $9 Million White Hat Hack
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as Binance challenged a nearly $86 million tax showcause notice from India's Directorate General of Goods and Services Tax Intelligence. Plus, bridging service Ronin was paused after a white hat hack, and spot ether ETFs recorded net inflows of nearly $49 million on Monday despite the slump in ETH.
Binance Challenges $86M Indian Tax Showcause Notice: Source
The notice, a first step taken by the authority when it suspects tax evasion, was issued to Binance last week.
