Crypto Exchanges In India undergo Probing For Money Laundering
The Enforcement Directorate of India is looking into ten crypto exchanges for allegedly laundering more than $125 million in cryptocurrency. Ten crypto exchanges are being investigated by India’s Enforcement Directorate for allegedly laundering more than 1 billion rupees. This is more than $125 million in digital money equivalent.According to The Economics Times, numerous organizations suspected […]
Indian Ministry directs crypto exchanges, VPN providers to store user data for 5 years
The Indian Computer Emergency Response Team (CERT-in), which is part of the Ministry of Electronics and IT has directed crypto exchanges, VPN providers, and data centers to store customer data for up to five years. Customers’ names, ownership patterns, contact information, and other data will be required to be stored by crypto exchanges operating in […]
WazirX crypto exchange relocates headquarters to Dubai
WazirX cryptocurrency exchange located in India is seeking to relocate its headquarters to Dubai following the recent imposed tax on crypto and digital assets in India. According to Business Today, Shetty and Menon have already relocated to Dubai with their families, citing people close to the situation. Sameer Mhatre, co-founder and chief technology officer , […]
CoinDCX Raises $135 Million Amidst India Crypto Limbo
CoinDCX, an Indian cryptocurrency exchange, announced on Tuesday that it had raised $135 million in its most recent investment round. Pantera and Steadview, two tech-focused venture capital firms, led the round, which also included Kingsway, DraperDragon, and Republic. CoinDCX now has a market capitalization of over $2 billion , making it India’s largest crypto exchange, […]
Coinbase Suspends Crypto Payment Services In India Amid Pressure From Local Payment Regulators
On the heels of the pressure from local payment regulators, Coinbase has suspended several payment services on its recently launched Indian exchange. Coinbase, the largest US-based cryptocurrency exchange, has suspended payment services via the United Payments Interface (UPI) on its platform for Indian consumers barely three days after its introduction in the South Asian peninsula. […]