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Bharat Web3 Association to Host Web3 Cybersecurity Workshop in Bengaluru on May 8
The Bharat Web3 Association has announced a cybersecurity workshop to be hosted in Bengaluru on May 8. Sridhar Govardhan, the chief information security officer (CISO) of CoinDCX has been invited to discuss the lessons that can be taken from recent breaches that dented the Web3 space. Other senior members from companies like CoinSwitch and Mudrex a...
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FIU-IND Reportedly Sets June 30 Deadline for Crypto Exchanges to Redo KYC Verification
The Financial Intelligence Unit of India (FIU-IND) has instructed all crypto exchanges to re-verify the KYC data of their users before June 30. The aim of this step is to maintain accurate details of crypto holders, while also identifying those flouting national crypto tax laws.
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BWA Launches 100-Day Crypto SAFE Campaign to Educate Web3 Investors on Risks
The BWA has launched a new initiative called the “Crypto SAFE Campaign” to educate users on responsible investing patterns and the importance of Do Your Own Research (DYOR). For the next three months, BWA and its member firms will be using social networking platforms to engage with people on crypto safety and cybersecurity awareness.
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Bharat Web3 Association Asks Firms to Set Up Complaint Management Systems to Protect Consumers
The BWA has instructed crypto firms to prioritise the resolution of consumer complaints through features like unique complaint IDs. The consumer protection guidelines further said crypto firms are responsible for providing easily understandable information on their service offerings to the users.
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ByBit Pays Rs. 9.27 Crore Penalty, Completes FIU-IND Registration
ByBit has announced that it has completed its registration with India’s Financial Intelligence Unit (FIU), and paid a Rs. 9.27 crore penalty, as part of its compliance obligations. Earlier this month, the FIU-IND revealed that the Dubai-based exchange was not in compliance with India’s the Prevention of Money Laundering Act (PMLA) because of wh...
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Coinbase CEO Concerned About Tokens Flooding Market, Says Thorough Evaluation No Longer Feasible
Coinbase CEO Brian Armstrong has raised red flags on the increasing number of crypto tokens being released into the market on a weekly basis. Owing to this massive influx of new tokens, he said, the evaluation of each token is no longer feasible.
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Explained: BWA’s ‘Cybersecurity and Fair-Trading Guidelines’ for VASPs in India
This week, the Bharat Web3 Association (BWA) introduced two comprehensive guidelines aimed at providing clear direction to industry participants on ensuring secure and equitable service delivery for customers. These guidelines primarily target Virtual Asset Service Providers (VASPs).
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Bharat Web3 Association Announces New ‘ABCD’ Initiative Focussed on Web3 Security
BWA announced the launch of the Alliance for Blockchain and Crypto Defence (ABCD) on Monday. As part of the initiative, BWA will put together resources and programmes around newer technologies and methods that can help safeguard the Web3 landscape against hackers and vulnerabilities.
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India’s Web3 Ecosystem Has Over 400 Firms, Karnataka Emerges as Industry Hub: Report
The BWA report has observed that the area of blockchain solutions have emerged as the Web3 vertical with the largest concentration of companies operating within it. Presently, 79 firms have been identified by the BWA for conducting research and development work around the use cases of blockchain technology.
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Bharat Web3 Association Signs Pro-Web3 MoUs with Australia, Indonesia: All Details
On Wednesday, September 25, the Bharat Web3 Association (BWA) signed Memoranda of Understanding (MoUs) with Australia and Indonesia. These agreements pave the way for collaboration between India, Australia, and Indonesia in key Web3 areas such as research, education, and advocacy.
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Bharat Web3 Association to Host Web3 Cybersecurity Workshop in Bengaluru on May 8
The Bharat Web3 Association has announced a cybersecurity workshop to be hosted in Bengaluru on May 8. Sridhar Govardhan, the chief information security officer (CISO) of CoinDCX has been invited to discuss the lessons that can be taken from recent breaches that dented the Web3 space. Other senior members from companies like CoinSwitch and Mudrex a...
-
FIU-IND Reportedly Sets June 30 Deadline for Crypto Exchanges to Redo KYC Verification
The Financial Intelligence Unit of India (FIU-IND) has instructed all crypto exchanges to re-verify the KYC data of their users before June 30. The aim of this step is to maintain accurate details of crypto holders, while also identifying those flouting national crypto tax laws.
-
BWA Launches 100-Day Crypto SAFE Campaign to Educate Web3 Investors on Risks
The BWA has launched a new initiative called the “Crypto SAFE Campaign” to educate users on responsible investing patterns and the importance of Do Your Own Research (DYOR). For the next three months, BWA and its member firms will be using social networking platforms to engage with people on crypto safety and cybersecurity awareness.
-
Bharat Web3 Association Asks Firms to Set Up Complaint Management Systems to Protect Consumers
The BWA has instructed crypto firms to prioritise the resolution of consumer complaints through features like unique complaint IDs. The consumer protection guidelines further said crypto firms are responsible for providing easily understandable information on their service offerings to the users.
-
ByBit Pays Rs. 9.27 Crore Penalty, Completes FIU-IND Registration
ByBit has announced that it has completed its registration with India’s Financial Intelligence Unit (FIU), and paid a Rs. 9.27 crore penalty, as part of its compliance obligations. Earlier this month, the FIU-IND revealed that the Dubai-based exchange was not in compliance with India’s the Prevention of Money Laundering Act (PMLA) because of wh...
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Coinbase CEO Concerned About Tokens Flooding Market, Says Thorough Evaluation No Longer Feasible
Coinbase CEO Brian Armstrong has raised red flags on the increasing number of crypto tokens being released into the market on a weekly basis. Owing to this massive influx of new tokens, he said, the evaluation of each token is no longer feasible.
-
Explained: BWA’s ‘Cybersecurity and Fair-Trading Guidelines’ for VASPs in India
This week, the Bharat Web3 Association (BWA) introduced two comprehensive guidelines aimed at providing clear direction to industry participants on ensuring secure and equitable service delivery for customers. These guidelines primarily target Virtual Asset Service Providers (VASPs).
-
Bharat Web3 Association Announces New ‘ABCD’ Initiative Focussed on Web3 Security
BWA announced the launch of the Alliance for Blockchain and Crypto Defence (ABCD) on Monday. As part of the initiative, BWA will put together resources and programmes around newer technologies and methods that can help safeguard the Web3 landscape against hackers and vulnerabilities.
-
India’s Web3 Ecosystem Has Over 400 Firms, Karnataka Emerges as Industry Hub: Report
The BWA report has observed that the area of blockchain solutions have emerged as the Web3 vertical with the largest concentration of companies operating within it. Presently, 79 firms have been identified by the BWA for conducting research and development work around the use cases of blockchain technology.
-
Bharat Web3 Association Signs Pro-Web3 MoUs with Australia, Indonesia: All Details
On Wednesday, September 25, the Bharat Web3 Association (BWA) signed Memoranda of Understanding (MoUs) with Australia and Indonesia. These agreements pave the way for collaboration between India, Australia, and Indonesia in key Web3 areas such as research, education, and advocacy.
