Cryptocurrency India
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Weeks After RBI Raised Concerns, Parliament Panel Proposes Crypto Watchdog
Recommendation comes at a time when cryptocurrencies are taxed in India and exchanges share transaction data with anti-money laundering authorities.
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CBI Arrests Cyber Criminal, Seizes Cryptocurrencies Worth Rs. 2.8 Crore
The CBI on Wednesday said it has arrested a person as part of a crackdown on a cybercrime racket. Cryptocurrencies worth Rs. 2.8 crore along with unaccounted cash amounting to Rs. 22 lakh were seized from the possession of the accused, Rahul Arora.
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India Added 4.7 Million Web3 Developers in 2024, Set to Surpass US: Hashed Emergent
In 2024, India’s Web3 developer community grew by 28 percent, adding over 4.7 million developers to GitHub. According to the India Web3 Landscape Report (2024) by Hashed Emergent, 45.3 percent contribute code, 29.7 percent fix bugs, and 22.4 percent focus on documentation.
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Crypto Trading Booms in India's Smaller Cities as Job Growth and Incomes Disappoint
Many young Indians are dabbling in crypto trading to supplement their regular income in the world's most populous country where jobs and pay increases have lagged world-beating economic growth. Nearly two-thirds of its 1.4 billion people are below the age of 35, according to a government report.
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ED Seizes 'Biggest' Crypto Fund Worth Rs. 1,646 crore in PMLA Case
The ED has busted a mega money laundering scheme, seizing Rs. 1,646 crore of crypto assets. The ED case, filed under the Prevention of Money Laundering Act (PMLA), stems from an FIR of the Surat Police crime branch which said the alleged fraud that took place between November 2016 - January 2018 (after demonetisation).
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India Reviewing Crypto Position Due to Global Changes, Economic Affairs Secretary Says
India is reviewing its stance on cryptocurrencies. The review, which follows crypto-friendly policy announcements by US President Donald Trump, could further delay publication of a discussion paper on cryptocurrencies that was due for release in September 2024.
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MBBS Student Held Over Alleged Transfer of Rs. 8 Lakh in Crypto to Chinese Nationals After Cyber Fraud
Deputy Commissioner of Police (DCP) Rajesh Kumar Tripathi said the accused, identified as Vikram Vishnoi (23), was arrested based on the clues found in the case of cheating a city-based software engineer of Rs 1.35 lakh by placing him under "digital arrest".
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India Blockchain Alliance Partners With RAK-DAO to Promote Cooperation in Web3
On Monday, December 16 India Blockchain Alliance (IBA) announced a partnership with UAE’s free zone for Web3 firms – the Ras Al-Khaimah Digital Assets Oasis (RAK DAO). The aim of this partnership is to take collaborations on Web3 related education, research, and development initiatives on a global level.
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India Blockchain Week Returns to Bengaluru, Sparks Dialogue on Security Gaps and Self Custody
On Wednesday, December 4, Web3 venture capital firm Hashed Emergent inaugurated the two-day flagship event of India Blockchain Week in the nation’s tech hub, Bengaluru. The event has drawn leadership teams from prominent crypto, DeFi, and blockchain companies, facilitating direct engagement with India’s highly regarded Web3 developer community.
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India Tops Chainalysis’ Global Crypto Adoption Index for Second Consecutive Year
Chainalysis released its ‘2024 Global Crypto Adoption Index’ this week, with India ranking first among 151 nations. India leads in overall crypto adoption, centralized service value, and retail centralised service value.
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India Blockchain Week to Return for Second Edition: All Details
Web3 venture firm Hashed Emergent is bringing back the India Blockchain Week (IBW) for its second edition. As part of this initiative, multiple events have been put in the pipeline for startups and developers to showcase their Web3 protocols. Some of the events include the IBW chain-agnostic Hackathon, IBW Web3 Demo Day, and ETH India Hackathon amo...
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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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India Has No Proposal to Regulate Sale, Purchase of Crypto Anytime Soon: MoS Finance
The government of India will be taking some more time in following other regions like the EU and the UAE in presenting a detailed crypto rulebook. As per Chaudhary, all of the G20 nations are currently in a phase where they are expected to analyse the pros and cons that crypto could bring.
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eRupee Sees Drop in Activity as Banks Pull Back on Promotion Efforts: Report
The CBDC transactions that had hit the mark of one million transactions per day in December 2023, has dropped to just around 100,000 daily transactions. In a report citing official sources familiar with the matter, Reuters claimed that a lack of organic demand to use the eRupee is evident.
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What Is the India Blockchain Alliance? What Does it Do?
The India Blockchain Alliance (IBA), founded in 2018, aims to further the research and development work around blockchain, which is also called the Distributed Ledger Technology (DLT). As per IBA Founder and Chairman, Raj Kapoor, the organisation has managed to amass nearly 800 members which include blockchain-focussed investors, companies, and pro...
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Weeks After RBI Raised Concerns, Parliament Panel Proposes Crypto Watchdog
Recommendation comes at a time when cryptocurrencies are taxed in India and exchanges share transaction data with anti-money laundering authorities.
-
CBI Arrests Cyber Criminal, Seizes Cryptocurrencies Worth Rs. 2.8 Crore
The CBI on Wednesday said it has arrested a person as part of a crackdown on a cybercrime racket. Cryptocurrencies worth Rs. 2.8 crore along with unaccounted cash amounting to Rs. 22 lakh were seized from the possession of the accused, Rahul Arora.
-
India Added 4.7 Million Web3 Developers in 2024, Set to Surpass US: Hashed Emergent
In 2024, India’s Web3 developer community grew by 28 percent, adding over 4.7 million developers to GitHub. According to the India Web3 Landscape Report (2024) by Hashed Emergent, 45.3 percent contribute code, 29.7 percent fix bugs, and 22.4 percent focus on documentation.
-
Crypto Trading Booms in India's Smaller Cities as Job Growth and Incomes Disappoint
Many young Indians are dabbling in crypto trading to supplement their regular income in the world's most populous country where jobs and pay increases have lagged world-beating economic growth. Nearly two-thirds of its 1.4 billion people are below the age of 35, according to a government report.
-
ED Seizes 'Biggest' Crypto Fund Worth Rs. 1,646 crore in PMLA Case
The ED has busted a mega money laundering scheme, seizing Rs. 1,646 crore of crypto assets. The ED case, filed under the Prevention of Money Laundering Act (PMLA), stems from an FIR of the Surat Police crime branch which said the alleged fraud that took place between November 2016 - January 2018 (after demonetisation).
-
India Reviewing Crypto Position Due to Global Changes, Economic Affairs Secretary Says
India is reviewing its stance on cryptocurrencies. The review, which follows crypto-friendly policy announcements by US President Donald Trump, could further delay publication of a discussion paper on cryptocurrencies that was due for release in September 2024.
-
MBBS Student Held Over Alleged Transfer of Rs. 8 Lakh in Crypto to Chinese Nationals After Cyber Fraud
Deputy Commissioner of Police (DCP) Rajesh Kumar Tripathi said the accused, identified as Vikram Vishnoi (23), was arrested based on the clues found in the case of cheating a city-based software engineer of Rs 1.35 lakh by placing him under "digital arrest".
-
India Blockchain Alliance Partners With RAK-DAO to Promote Cooperation in Web3
On Monday, December 16 India Blockchain Alliance (IBA) announced a partnership with UAE’s free zone for Web3 firms – the Ras Al-Khaimah Digital Assets Oasis (RAK DAO). The aim of this partnership is to take collaborations on Web3 related education, research, and development initiatives on a global level.
-
India Blockchain Week Returns to Bengaluru, Sparks Dialogue on Security Gaps and Self Custody
On Wednesday, December 4, Web3 venture capital firm Hashed Emergent inaugurated the two-day flagship event of India Blockchain Week in the nation’s tech hub, Bengaluru. The event has drawn leadership teams from prominent crypto, DeFi, and blockchain companies, facilitating direct engagement with India’s highly regarded Web3 developer community.
-
India Tops Chainalysis’ Global Crypto Adoption Index for Second Consecutive Year
Chainalysis released its ‘2024 Global Crypto Adoption Index’ this week, with India ranking first among 151 nations. India leads in overall crypto adoption, centralized service value, and retail centralised service value.
-
India Blockchain Week to Return for Second Edition: All Details
Web3 venture firm Hashed Emergent is bringing back the India Blockchain Week (IBW) for its second edition. As part of this initiative, multiple events have been put in the pipeline for startups and developers to showcase their Web3 protocols. Some of the events include the IBW chain-agnostic Hackathon, IBW Web3 Demo Day, and ETH India Hackathon amo...
-
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.
-
India Has No Proposal to Regulate Sale, Purchase of Crypto Anytime Soon: MoS Finance
The government of India will be taking some more time in following other regions like the EU and the UAE in presenting a detailed crypto rulebook. As per Chaudhary, all of the G20 nations are currently in a phase where they are expected to analyse the pros and cons that crypto could bring.
-
eRupee Sees Drop in Activity as Banks Pull Back on Promotion Efforts: Report
The CBDC transactions that had hit the mark of one million transactions per day in December 2023, has dropped to just around 100,000 daily transactions. In a report citing official sources familiar with the matter, Reuters claimed that a lack of organic demand to use the eRupee is evident.
-
What Is the India Blockchain Alliance? What Does it Do?
The India Blockchain Alliance (IBA), founded in 2018, aims to further the research and development work around blockchain, which is also called the Distributed Ledger Technology (DLT). As per IBA Founder and Chairman, Raj Kapoor, the organisation has managed to amass nearly 800 members which include blockchain-focussed investors, companies, and pro...
