The mastermind behind a massive $24 million crypto fraud scheme in India has managed to evade Indian security agencies and escape from the country. The criminal, identified as Subhash Sharma, fled the nation just as authorities were closing in on him, authorities confirmed to local media. … Read More: Mastermind Behind India’s $24 Million Crypto Fraud…
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In an exclusive interview with CryptoNews, Gemini APAC CEO and Global Chief Technology Officer (CTO), Pravjit Tiwana, shared insights into the company’s strategic vision for India as their core hub for Web3 innovation. Tiwana believes that India will play a pivotal role in leading web3 innovation for Gemini and the broader web3 and crypto community.…
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Mário Centeno praised the European Union’s first comprehensive crypto framework, MiCA, but insisted on further international consolidation of regulatory efforts. Mário Centeno, the governor of Banco de Portugal, joins a chorus of regulators claiming that national efforts to oversee crypto wouldn’t work correctly without a global framework. A section of Mário Centeno’s speech. Source: Publicnow.com In his…
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India is planning to introduce a comprehensive global database of cryptocurrency exchanges to help law enforcement agencies combat crypto-related crimes. This initiative comes as part of India’s push to align itself with international standards for regulating cryptocurrency assets. As per The Economic Times report, the launch is expected by the end of the current financial…
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Launched in May, the Gemini Gurgaon Hub has since added over 70 staff. Cryptocurrency exchange Gemini is allocating 2 billion rupees ($24 million) for its expansion in India. According to the Sept. 26 announcement, the funds will be used to grow Gemini’s development center in Gurgaon. The exchange said: “Our teams based in Gurgaon will…
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India is currently witnessing an alarming surge in cryptocurrency-related frauds, leaving investors in despair and criminals largely unchecked. The absence of clear regulations in the cryptocurrency space can largely be attributed to the encouragement of these illicit activities. … Read More: India Struggles to Curb Rising Crypto Frauds, Victims Left in a Legal Abyss Amid Regulatory…
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The tool will monitor crypto wallets and alert the Indian Ministry of Home Affairs about irregular transactions, according to a report. The Indian Ministry of Home Affairs (MHA) is reportedly developing a crypto intelligence tool in response to a rise in illegal activities around cryptocurrencies in the country. According to a CNBC report, the MHA…
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India has claimed the second-largest position in the global crypto market, surpassing the UK, Turkey, and Russia in raw transaction volume. This achievement is notable given that it comes despite challenges posed by India’s anti-crypto regulatory and tax environment, a recent report from blockchain intelligence firm Chainalysis said. In the report, Chainalysis revealed that India…
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Numerous initiatives by local and state governments in India — from data management systems to verifiable certificate issuances — currently use blockchain technology. Ever since Bitcoin (BTC) popularized blockchain technology worldwide, the tech has found its way into myriad processes, from finance to public administration. What started as a flex statement for early adopters has…
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BaFin’s top executive stresses the risks of crypto and calls for global regulation to apply to all financial centers, without exceptions. While the European Union has made significant progress toward regulating crypto by approving its comprehensive framework, Markets in Crypto Assets (MiCA), the need for global regulation still remains, according to one of the top…
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