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Coverage of taxation, regulation, Web3 startups, and national digital payments shaping India’s crypto scene.

Exchanges

Binance moves to dissociate self from WazirX over recent allegations

CZ and Nischal Shetty have been involved in an exchange of words over Binance acquisition of WazirX.

3 years ago

Exchanges

India freezes 64.67 crore ($8.1M) of WazirX’s funds for money laundering probe

The Indian regulator claimed WazirX provided contradictory and ambiguous information throughout its investigation.

3 years ago

Legal

Binance-owned WazirX under investigation in India over alleged money laundering

The India-based exchange, which operates as an independent subsidiary of Binance, allegedly violated the provisions of the Foreign Exchange Management Act, 1999.

3 years ago

Taxes

India’s finance minister says punitive crypto taxes will remain in force

Minister of State for Finance Pankaj Chaudhary knocked back calls to reduce taxes, saying the central bank wants to discourage participation.

4 years ago

Politics

Reserve Bank of India renews calls for crypto ban

India flips anti-crypto once more citing the destabilizing effect of digital assets on fiscal stability.

4 years ago

Regulation

India is investigating crypto exchanges compliance to foreign exchange laws

The top executives of several exchanges operating in the country have been summoned by the authorities.

4 years ago

Taxes

India’s crypto tax impacted trading frequency of 83% of traders, says survey

India's 30% tax on cryptocurrencies has negatively impacted trader sentiment — a new survey shows just how much.

4 years ago

Exchanges

India’s 1% tax has dealt a heavy blow to crypto trading volumes

Daily trading volumes on most Indian cryptocurrency exchanges have dipped by more than 50% since the tax came into effect on July 1.

4 years ago

Scams

Indian crypto investors have lost $128 million due to fake exchanges and wallets

An estimated $128 million has been stolen by scammers who setup fake cryptocurrency exchanges in India.

4 years ago

Regulation

India will consider 28% additional tax on crypto sales next week

India's federal and state finance ministers will come together at a panel on 28-29 June to discuss whether to implement a new tax on crypto transactions.

4 years ago