Major Indian crypto exchanges have called on policymakers to review recent tax measures before the February budget, warning that transaction-level taxes and restrictions on offsetting losses are draining market liquidity.
India's tax and regulatory authorities have tightened KYC rules for crypto onboarding, saying cryptocurrencies and permissionless blockchains undermine effective tax collection. The move is aimed at improving traceability but may raise compliance burdens for exchanges and users.
India’s Financial Intelligence Unit has directed crypto exchanges to require selfie verification and penny-drop bank checks for new users to bolster anti-money laundering and counter-terror financing controls. The move tightens onboarding standards and raises practical and privacy questions for platforms and customers.
India’s tax authorities have flagged enforcement gaps around virtual digital assets ahead of the Union Budget, echoing concerns raised by the Reserve Bank of India. The alignment increases the chance of tougher reporting and compliance measures for crypto businesses and investors.
Forty-nine crypto exchanges have registered with India's Financial Intelligence Unit (FIU-IND) under the country's new anti-money laundering framework, as regulators levy INR 2.8 billion in penalties and warn that offshore platforms will be blocked if they remain non-compliant.
The Reserve Bank of India warns stablecoins pose greater threats to financial stability than any potential benefits and urges countries to prioritise central bank digital currencies. The stance appears in the RBI's latest Financial Stability Report.
WazirX founder Nischal Shetty confirmed the platform’s dispute with Binance has moved into formal litigation, raising fresh concerns about WRX and the exchange’s operational future. Investors are watching for potential impacts on liquidity, withdrawals and token value.
India’s Enforcement Directorate carried out coordinated raids across three states after uncovering a network of fake crypto websites allegedly used to launder funds. The move highlights growing regulatory pressure on crypto platforms and intermediaries.
India's regulator has approved Coinbase's purchase of a stake in local exchange CoinDCX after the company announced the investment in October. The amount remains undisclosed but the sign-off removes a major obstacle for Coinbase's India expansion.
India's financial crime agency raided operations tied to a suspected $275 million crypto MLM accused of siphoning billions of rupees from investors across northern states. Authorities say the action is part of a widening money‑laundering probe that could lead to arrests and asset freezes.