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India Leads in Crypto Adoption for Second Straight Year, Report Shows
India led the way in global adoption of cryptocurrencies for the second straight year, a Chainalysis report has said. It showed India ranked high on usage of centralised exchange and decentralised finance assets from June 2023 to July 2024.
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ED Investigates Gaming Companies’ GST Evasion Worth Rs. 23,000 Crore
The Directorate of Enforcement is investigating GST evasion of about Rs 23,000 crore by gaming companies between April 2019 and November 2022, Minister of State for Finance Pankaj Chaudhary said on Monday. The ED has attached proceeds of crime in cases related to cyber and crypto assets frauds.
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UK National Arrested In Delhi For Forging Document To Stay Legal Proceedings
A British national has been arrested for allegedly forging a document in the name of the finance ministry to stay proceedings against his company under a law to recover non-performing asset loans, police said on Tuesday.
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Binance Gets Its First Gulf Crypto Licence in Bahrain
Binance, the world’s biggest crypto exchange, has been given a crypto-asset service provider licence by Bahrain's central bank, its first such licence in the Gulf Cooperation Council (GCC), the company and the bank said on Tuesday.
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Ukraine Crisis: G7 Looks to Stop Crypto Assets’ Use as Russia Sanctions Dodge Punitive Measures
The Group of Seven industrialised nations are examining ways to stop individuals or companies targeted by Western sanctions over Russia's invasion of Ukraine using cryptocurrencies to dodge the punitive measures, Germany's finance minister said.
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Major Hack Attack Costs Cream Finance Over $130 Million in Cryptocurrencies
Ethereum-powered lending protocol called Cream Finance has lost $130 million in cryptocurrencies in a new hack. The company has acknowledged the breach and has revealed that an investigation in the case has been launched.
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Prince Harry, Meghan Markle Become Partners At Ethical Investment Firm
Britain's Prince Harry and his wife Meghan Markle have forged another business partnership -- this time in the world of finance, teaming up with an asset management company promoting socially responsible investments.
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Towering NPAs: December Figure Stands At Rs 8.41 Lakh Crore
Minister of State for Finance Shiv Pratap Shukla told the Lok Sabha in a written reply that industry accounted for largest portion of these NPAs
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Government Freezes 2 Lakh Bank Accounts Of Suspected Shell Companies
The bank accounts of 209,032 suspected shell companies have been frozen as part of a crackdown on illegal transactions and tax evasion, the Finance Ministry said on Tuesday
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Arun Jaitley Introduces Bill To Replace Banking Regulation Ordinance
A bill to authorise the Reserve Bank of India to direct banking companies to resolve the problem of stressed assets was introduced in the Lok Sabha today by Finance Minister Arun Jaitley.
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EU imposes new economic sanctions on Russia over Ukraine
The European Union put into effect on Friday a new round of sanctions against Russia over its role in Ukraine, including restrictions on financing for some Russian state-owned companies and asset freezes on leading Russian politicians.
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Mt. Gox Bitcoin exchange CEO's assets frozen by US judge
The freeze on Karpeles' assets also applies to Mt. Gox's U.S. affiliate and the Japanese parent company, Tibanne.
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India Leads in Crypto Adoption for Second Straight Year, Report Shows
India led the way in global adoption of cryptocurrencies for the second straight year, a Chainalysis report has said. It showed India ranked high on usage of centralised exchange and decentralised finance assets from June 2023 to July 2024.
-
ED Investigates Gaming Companies’ GST Evasion Worth Rs. 23,000 Crore
The Directorate of Enforcement is investigating GST evasion of about Rs 23,000 crore by gaming companies between April 2019 and November 2022, Minister of State for Finance Pankaj Chaudhary said on Monday. The ED has attached proceeds of crime in cases related to cyber and crypto assets frauds.
-
UK National Arrested In Delhi For Forging Document To Stay Legal Proceedings
A British national has been arrested for allegedly forging a document in the name of the finance ministry to stay proceedings against his company under a law to recover non-performing asset loans, police said on Tuesday.
-
Binance Gets Its First Gulf Crypto Licence in Bahrain
Binance, the world’s biggest crypto exchange, has been given a crypto-asset service provider licence by Bahrain's central bank, its first such licence in the Gulf Cooperation Council (GCC), the company and the bank said on Tuesday.
-
Ukraine Crisis: G7 Looks to Stop Crypto Assets’ Use as Russia Sanctions Dodge Punitive Measures
The Group of Seven industrialised nations are examining ways to stop individuals or companies targeted by Western sanctions over Russia's invasion of Ukraine using cryptocurrencies to dodge the punitive measures, Germany's finance minister said.
-
Major Hack Attack Costs Cream Finance Over $130 Million in Cryptocurrencies
Ethereum-powered lending protocol called Cream Finance has lost $130 million in cryptocurrencies in a new hack. The company has acknowledged the breach and has revealed that an investigation in the case has been launched.
-
Prince Harry, Meghan Markle Become Partners At Ethical Investment Firm
Britain's Prince Harry and his wife Meghan Markle have forged another business partnership -- this time in the world of finance, teaming up with an asset management company promoting socially responsible investments.
-
Towering NPAs: December Figure Stands At Rs 8.41 Lakh Crore
Minister of State for Finance Shiv Pratap Shukla told the Lok Sabha in a written reply that industry accounted for largest portion of these NPAs
-
Government Freezes 2 Lakh Bank Accounts Of Suspected Shell Companies
The bank accounts of 209,032 suspected shell companies have been frozen as part of a crackdown on illegal transactions and tax evasion, the Finance Ministry said on Tuesday
-
Arun Jaitley Introduces Bill To Replace Banking Regulation Ordinance
A bill to authorise the Reserve Bank of India to direct banking companies to resolve the problem of stressed assets was introduced in the Lok Sabha today by Finance Minister Arun Jaitley.
-
EU imposes new economic sanctions on Russia over Ukraine
The European Union put into effect on Friday a new round of sanctions against Russia over its role in Ukraine, including restrictions on financing for some Russian state-owned companies and asset freezes on leading Russian politicians.
-
Mt. Gox Bitcoin exchange CEO's assets frozen by US judge
The freeze on Karpeles' assets also applies to Mt. Gox's U.S. affiliate and the Japanese parent company, Tibanne.
