India | ForkLog

ForkLog 6 06.09.2022

Suspects Arrested in India in Cryptocurrency Scam

Law enforcement authorities in the Indian state of Maharashtra arrested suspects in connection with a cryptocurrency scam. CoinDesk reports.

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ForkLog 6 29.08.2022

CoinSwitch says it is cooperating with Indian authorities after reports of raids

The cryptocurrency exchange CoinSwitch Kuber is cooperating with India's Enforcement Directorate (ED), and the earlier searches at the company's offices are not related to money laundering. This was stated by the platform's chief, Ashish Singhal.

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ForkLog 5 26.08.2022

Bloomberg reports raids on CoinSwitch offices as India’s ED probes forex violations

The Enforcement Directorate (ED) of India conducted searches at five premises of the a16z-backed cryptocurrency exchange CoinSwitch Kuber as part of an investigation into forex-rule violations, Bloomberg reports.

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ForkLog 6 12.08.2022

Indian authorities freeze Vauld assets worth $46 million

The Enforcement Directorate of the Indian Ministry of Finance blocked Vauld, the crypto-lending platform, from accessing assets valued at 370 crore rupees (~$46 million). This was reported by India Today.

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ForkLog 7 09.08.2022

WazirX co-founder refutes claims by Binance chief Changpeng Zhao

WazirX co-founder Nischal Shetty refuted a number of statements by Binance chief Changpeng Zhao regarding the platform’s relationship with Binance.

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ForkLog 17 05.08.2022

Changpeng Zhao Denies Link Between Binance and Indian Bitcoin Exchange WazirX

Binance never owned a stake in Zanmai Labs, the company behind the Indian platform WazirX. This was stated by the CEO of the Bitcoin exchange, Changpeng Zhao.

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ForkLog 6 04.08.2022

Binance-owned Indian exchange WazirX suspected of laundering $350 million

The Enforcement Directorate (ED) of India's Finance Ministry is examining the operations of WazirX, the Binance-owned cryptocurrency exchange. According to The Economic Times, the agency says the platform is involved in currency-rule violations and money laundering totaling 2790 crore rupees (over $350 million).

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ForkLog 7 04.07.2022

Trading volumes on India’s crypto exchanges fell after a tighter tax regime for traders

On July 1, trading volumes on India's leading bitcoin exchanges fell sharply, according to Nomics. The reason was the introduction of a 30% tax on profits from cryptocurrency transactions and a 1% levy under the TDS.

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ForkLog 6 01.07.2022

RBI warns of danger posed by cryptocurrencies.

Cryptocurrencies pose a clear danger and lead to instability in the financial system. These conclusions are contained in the RBI's report.

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ForkLog 12 14.06.2022

Chingari launches annual $12m native-token distribution

The Indian social network Chingari launched the GARI Mining programme, under which it will annually reward users with an amount equivalent to $12 million.

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ForkLog 8 06.06.2022

CoinSwitch Kuber launches India’s first rupee-denominated crypto index

India's crypto exchange CoinSwitch Kuber announced the launch of a rupee-denominated index tracking the performance of digital assets.

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ForkLog 4 03.06.2022

RBI forecasts CBDCs could displace private cryptocurrencies

CBDCs can fully displace private virtual currencies, including Bitcoin. Deputy RBI Governor T. Rabi Sankar said so, Outlook reports.

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