India’s BWA Enhances Cybersecurity after WazirX Hack
India’s Bharat Web3 Association (BWA) is doubling its efforts to enhance cybersecurity and consumer protection in the crypto sector after the $230 million WazirX hack. According to local media, Dilip Chenoy, the chairman of the BWA, has established two new internal groups designed to investigate the most recent security breach and resolve these issues. Task […]
India to Release Cryptocurrency Policy Discussion Paper
Indian regulators plan to release a discussion paper on the country’s position on cryptocurrencies by the conclusion of 2024. Ajay Seth, the secretary of Economic Affairs, stated in a recent interview that the discussion paper will clarify the government’s position toward cryptocurrency. The document aims to gather feedback from important parties to develop cryptocurrency regulations […]
RBI and SEBI to Release India Crypto Policy Paper in Q3
India’s financial regulators are working on cryptocurrency policy, with a discussion paper coming in Q3 2024, indicating a possible shift in India’s crypto approach. The Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI) have joined an inter-ministerial committee that is responsible for the development of a comprehensive crypto policy. […]
India’s NCB Combats Darknet Drug Deals Using Crypto Tracking
As part of its endeavors to combat drug trafficking in India, the Narcotics Control Bureau (NCB) is actively tracking cryptocurrency payments on the darknet. On July 24, Nityanand Rai, the minister of state for home affairs, disclosed India’s present approach to restricting the import and interstate movement of narcotic drugs during a parliamentary discussion. Data […]
Bitget Pursues FIU License to Operate in India
Bitget cryptocurrency exchange is collaborating with Indian regulators to secure the necessary license to operate by local regulations. Bitget announced on July 3 that it has been actively discussing with India’s Financial Intelligence Unit (FIU) to obtain Virtual Asset Service Provider (VASP) registration. Simran Alphonso, Bitget’s chief of global communications, informed Cointelegraph that the registration […]