Indian Finance Ministry Issues Compliance Notices to Offshore Crypto Exchanges The Indian finance ministry has sent compliance show-cause notices to nine offshore cryptocurrency exchanges, including Binance,…
Indian Financial Intelligence Unit Issues Compliance Notices to Offshore Crypto Exchanges India’s Financial Intelligence Unit (FIU), an agency responsible for monitoring and regulating suspicious financial activity,…
High Transactional Costs and Repatriation Concerns The Indian Oil Ministry has admitted that its efforts to pay for oil with rupees have not been successful. The…
Surge in Income Tax Alerts There has been a significant increase in alerts from the Indian Income Tax Department regarding high-value cryptocurrency transactions for the assessment…
In the Crossroads of Crypto: India’s Dilemma In the world of cryptocurrency, India is faced with a crucial decision. On one hand, there is the appeal…
Indian Officials Stand Firm on Crypto Ban The Reserve Bank of India (RBI) maintains its position on banning cryptocurrencies, according to Indian officials aligned with the…
India’s Concerns about Cryptocurrencies Indian officials have expressed concerns about the risks and challenges posed by cryptocurrencies to the country’s macroeconomic stability. The Reserve Bank of…
Entities Complying with Anti-Money Laundering Regulations Recently, 28 entities in India that provide services related to virtual digital assets (VDAs) have registered with the Financial Intelligence…
Parliament of India Discusses Importance of Web3 and Blockchain The lower house of the Indian Parliament, Lok Sabha, recently held a discussion on the significance of…
