India’s FIU Approves Coinbase, Millions of Customers Benefit from Increased Competition

Coinbase has registered with India's Financial Intelligence Unit (FIU), allowing it to legally trade in the country.

Indian law enforcement picks CoinDCX for seized crypto custody

India’s Enforcement Directorate has enlisted CoinDCX to provide custodian services for seized cryptocurrency. Enforcement Directorate, India‘s law enforcement and economic intelligence agency, has selected cryptocurrency exchange CoinDCX to manage cryptocurrencies seized during ongoing investigations. In a March 5 press release…

Indian police bust $2m RSN crypto scam with alleged ties to China

Law enforcement in India has arrested three in connection to a large-scale crypto fraud that lured over 2,000 victims with promises of lucrative returns. According to local media, police in the northeastern Indian state of Assam have cracked down on…

RBI cuts repo rate: which sectors and stocks could benefit?

In line with market expectations, the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) reduced the repo rate by 25 basis points (bps) to 6.25 per cent. This marks the first rate cut since May 2020, when the central bank had lowered rates to mitigate the economic impact of the pandemic. The monetary stance […]

India’s financial regulator fines Bybit $1M, compliance status unclear

Bybit has been fined $1.06 million for PMLA non-compliance India blocked Bybit sites pausing the exchange operations in the country Bybit is seeking a VDASP license amid compliance confusion India’s financial watchdog has levied a hefty fine on Bybit, one of the world’s largest crypto exchanges, for failing to adhere to the country’s stringent anti-money […] The post India’s financial regulator fines Bybit $1M, compliance status unclear appeared first on CoinJournal.

India’s Birla Group-backed business school launches in-house crypto, BIMCOIN

Birla Institute of Management Technology, a premier business school in India, has launched its in-house cryptocurrency for use on campus. Dubbed BIMCOIN, the cryptocurrency will help enable transactions between students, vendors, and administrators while also serving as a practical tool…

What is JioCoin? India’s largest telecom operator’s crypto ambitions come to life with Polygon

JiCoin's are currently not redeemable or transferable.