Indian Court Blocks WazirX from Redistributing User’s XRP After $230 Million Hack
Key Insights The Madras High Court blocked WazirX from reallocating a user’s 3,532 XRP to absorb hack losses, granting interim…
India’s SEBI Fines Former OctaFX Unit Over Unauthorised Forex Operations
Key Insights SEBI has settled with Tauga Pvt Ltd (formerly OctaFX India) over its role in promoting unregulated forex trading,…
India Supreme Court Urges Government to Regulate Crypto, Not Just Tax It
Key Insights India’s Supreme Court criticized the central government for lacking a clear policy on cryptocurrency regulation despite taxing digital…
Coinbase Fires Support Contractors in India Over Data Breach Tied to Social Engineering Attacks
Key Insights Coinbase terminated several Indian customer support contractors for allegedly enabling phishing attacks by leaking user data, potentially exposing…
Coinbase to Relaunch Trading in India After FIU Approval, SEC Lawsuit Dropped
Key Insights Coinbase secured registration with India’s Financial Intelligence Unit, allowing it to resume trading services and launch retail operations…
Bybit Resumes Operations in India After Securing FIU-IND Registration
Key Insights Bybit has restarted services in India after securing registration with FIU-IND and settling a regulatory fine. The exchange…
India Signals Potential Shift in Crypto Stance Amid Global Changes
Key Insights A review of India’s cryptocurrency regulations has been initiated by the government, as confirmed by Economic Affairs Secretary…
Bybit Suspends Crypto Trading in India, Seeks Regulatory Approval
Key Insights The global crypto exchange Bybit has temporarily halted trading, new account openings, and order placements in India due…
Binance Resumes Operations in India After Regulatory Compliance
Key Insights Binance has registered as a “reporting entity” with India’s Financial Intelligence Unit, allowing it to resume operations in…
India’s Nifty 50 Surges Past 25,000, Outperforming S&P 500
Key Insights India’s benchmark Nifty 50 index has surged 11.8% so far in 2024, outperforming the S&P 500’s 9% gain…