Home Indias Cryptodominance Grows Amid Regulatory Hurdles

Indias Cryptodominance Grows Amid Regulatory Hurdles

Share
Share

India’s Cryptodominance Grows Amid Regulatory Hurdles

By Vishakha Thakur

Despite strict regulations since 2018, India has topped the global crypto adoption rankings for the second consecutive year, according to Chainalysis, excelling in centralized exchange and DeFi asset use. 

The Financial Intelligence Unit (FIU) has issued show-cause notices to major offshore exchanges, including Binance and KuCoin, for violating the Prevention of Money Laundering Act. 

However, the Finance Ministry may lift bans on some blacklisted exchanges, like Bitfinex and Huobi, if they pay their 2,900 crore GST dues and meet compliance requirements.

Share

Latest News

Trump Halts Congress, Crypto’s CLARITY Act Caught In Political Crossfire
News

Trump Halts Congress, Crypto’s CLARITY Act Caught In Political Crossfire

Key Takeaways Donald Trump says he will not sign new bills until Congress passes the SAVE America Act (SAVE Act). This move...

Kalshi Faces Lawsuit Over Disclosure In Khamenei Prediction Market
News

Kalshi Faces Lawsuit Over Disclosure In Khamenei Prediction Market

Prediction market platform Kalshi is facing a class action lawsuit over alleged disclosure failures related to a market predicting the removal of...

South Korea Considers Blocking USDT And USDC From Corporate Trading
News

South Korea Considers Blocking USDT And USDC From Corporate Trading

South Korea is considering excluding dollar-denominated stablecoins such as USDT and USDC from its upcoming corporate cryptocurrency trading guidelines. According to local...

Dubai Regulator Orders MEXC & KuCoin To Halt Unlicensed Operations
News

Dubai Regulator Orders MEXC & KuCoin To Halt Unlicensed Operations

Dubai’s Virtual Assets Regulatory Authority (VARA) has ordered cryptocurrency exchanges MEXC and KuCoin to immediately stop all unlicensed activities within the region....

Latest Blogs

AI-enabled Fraud Detection In Digital Finance

Do you remember the last time you used an Automated Teller Machine(ATM) to withdraw money? Well, with the advent of Unified Payments...

“Bitcoin Hi Bhavishya Hai?” A Latest Statement Of Michael Saylor About BTC

Key Takeaways In the Sujal Show podcast, Michael Saylor shared easy lessons about Bitcoin and saving money. He said Bitcoin is like...

Spot Or Futures ETF: Which Bitcoin ETF Should You Choose?

You must have heard a lot about Spot Bitcoin ETFs lately but are you aware of Futures Bitcoin ETFs which were launched...

AI Memecoins, How Are You Different From Normal Memecoins?

  Watching fun memes and scrolling reels is what most of us do to unwind ourselves after our hectic work schedules, and...

Related Articles

AI-enabled Fraud Detection In Digital Finance

Do you remember the last time you used an Automated Teller Machine(ATM)...

“Bitcoin Hi Bhavishya Hai?” A Latest Statement Of Michael Saylor About BTC

Key Takeaways In the Sujal Show podcast, Michael Saylor shared easy lessons...

Spot Or Futures ETF: Which Bitcoin ETF Should You Choose?

You must have heard a lot about Spot Bitcoin ETFs lately but...

AI Memecoins, How Are You Different From Normal Memecoins?

  Watching fun memes and scrolling reels is what most of us...