India – Page 6 – Ƀitsell X

India’s CBI Conducts Nationwide Search Operation in Crackdown on App-Based Crypto Investment Fraud

May 1, 2024

The Central Bureau of Investigation (CBI) in India has launched a nationwide search operation as part of an ongoing investigation into an app-based crypto fraudulent investment scheme. The operation, spanning 30 locations across 10 states and Union Territories, aims to crack down on individuals and companies involved in the HPZ Token App scheme, according to a report from India Today. Per…
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Binance Plots Comeback to India with $2M Penalty: Report

April 18, 2024

Crypto exchange Binance is considering re-entering India’s market after having been banned there in late 2023. The potential re-entry would involve a penalty of about $2m, the Economic Times reported Thursday. The platform’s return would be contingent upon registration with the finance ministry’s Financial Intelligence Unit (FIU). The FIU is responsible for supervising virtual asset…
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India’s Digital Rupee Expands: Non-Banks to Offer Central Bank Digital Currency Wallets

April 6, 2024

India’s central bank has announced that it will enable non-bank payment system operators to offer central bank digital currency (CBDC) wallets. Noting that “necessary changes will be made to the system to facilitate this,” the Reserve Bank of India (RBI) said the initiative is expected “to enhance access and expand choices available to users.” Non-Bank…
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Indian Media Leverages Blockchain Tech to Verify General Election News

April 2, 2024

A Taiwanese blockchain tech firm is teaming up with journalists to fact-check the upcoming election in India in a battle against digital deception. Numbers Protocol says it employed the same approach during the 2020 US presidential election and the Jan. 2024 Taiwan presidential elections. In the lead-up to the Indian general election starting April 19,…
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Crypto Exchange Okx Shuts Down Services in India Due to Regulations — Advises Users to Withdraw All Funds

March 22, 2024

Cryptocurrency exchange Okx has notified its users in India that the platform is shutting down services in the country “due to local regulations.” The exchange has advised users in India to “withdraw all funds” from their accounts by the end of April. The Indian government has not regulated crypto and the country’s finance minister recently…
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OKX Ceases Operations in India, Citing Regulatory Hurdles

March 21, 2024

Cryptocurrency exchange OKX has emailed its users in India to inform them that it will discontinue its services there, urging them to withdraw their funds by the end of April. OKX was among the nine foreign crypto exchanges blocked in India after the local regulators issued compliance notices. OKX Shuts Down Services In India In…
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Mudrex to Offer US Spot Bitcoin ETFs to Indian Investors

March 11, 2024

Mudrex, an Indian cryptocurrency investment platform, has announced plans to offer US spot Bitcoin (BTC) exchange-traded funds (ETFs) to institutional and retail investors in India, said CEO and co-founder Edul Patel in a recent interview. Patel emphasized the significance of this move for institutions, granting them access to spot bitcoin ETFs, previously only accessible to…
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Bitcoin’s Bull Run Uplifts Indian Exchanges, Trading Volumes Reach 10-Month High

March 5, 2024

The recent surge in the price of Bitcoin (BTC) has injected fresh life into Indian cryptocurrency exchanges, as trading volumes on the top platforms reached a ten-month high in February. CoinDCX, WazirX, and BitBNS, the leading Indian exchanges, recorded trading volumes of $2.6 million, $3.4 million, and $7.8 million last month, respectively, BusinessLine reported, citing data…
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RBI Governor Suggests Offline Initiatives to Drive Digital Rupee Adoption in Remote Areas

February 8, 2024

Reserve Bank of India (RBI) Governor Shaktikanta Das has suggested using offline solutions to boost the adoption of the central bank’s digital rupee in remote areas. The RBI will evaluate various offline solutions, including proximity and non-proximity-based options, in hilly, rural, and urban environments to address this challenge, as reported by the Press Trust of…
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US Senator Marco Rubio Warns BRICS Expansion Threatens Western Sanctions’ Effectiveness

January 23, 2024

Florida Senator Marco Rubio expressed his worries about the increasing influence of BRICS, the international group, in the world’s economic system. According to Rubio, if the group keeps expanding, it will be a valid alternative to the current system, allowing nations to sway away from the U.S. dollar and unilateral sanctions. Senator Marco Rubio Alerts…
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Category: India