Tag: Crypto India

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Apple and Google Remove Several Major Crypto Exchanges From App Stores in India Following Regulatory Crackdown

January 16, 2024

Apple and Google have removed several major crypto exchanges from their app stores in India after the Indian Financial Intelligence Unit flagged nine crypto service providers as operating illegally in the country. Various telecom networks and internet service providers in India are also blocking the websites of affected crypto exchanges. India Continues Crackdown on Uncompliant…
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Indian Government Reveals 28 Crypto Service Providers Are Registered With Financial Intelligence Unit

December 6, 2023

The Indian government has revealed that 28 crypto service providers are currently registered with the country’s Financial Intelligence Unit. Furthermore, the Ministry of Finance has clarified that the anti-money laundering guidelines and reporting requirements apply to offshore cryptocurrency exchanges servicing the Indian market. 28 Crypto Firms Are Registered Entities India’s Ministry of Finance answered some…
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India’s Central Bank RBI Launches CBDC Pilot in Call Money Market

October 14, 2023

India’s central bank, the Reserve Bank of India (RBI), has initiated a pilot for a second use case of its wholesale central bank digital currency (CBDC), focusing on the call money market. The Indian central bank reportedly plans to expand its e-rupee testing to cover the entire wholesale segment, including asset tokenization and repo transactions.…
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Indian Government Launching Crypto Awareness Campaign

January 4, 2023

The government of India is launching a crypto awareness campaign that will educate investors about the legality of cryptocurrencies in the country while highlighting the risks of investing in crypto assets. Indian Government’s Cryptocurrency Awareness Campaign The Indian government is reportedly launching a first-of-its-kind crypto awareness campaign. It will be conducted by the Investor Protection…
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