Tag: India crypto regulation

India’s Crypto Market Faces Higher KYC Compliance Burden

India’s Crypto Market Faces Higher KYC Compliance Burden

India has intensified regulatory oversight of the cryptocurrency sector, introducing stricter know-your-customer (KYC) requirements that significantly raise compliance costs for crypto exchanges and users alike. The move reflects growing concerns among Indian tax and enforcement

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FIU Records 49 Crypto Exchange Registrations in 2024–25

FIU Records 49 Crypto Exchange Registrations in 2024–25

As part of India’s tightening oversight of the crypto sector, 49 cryptocurrency exchanges were registered with the Financial Intelligence Unit (FIU) during FY 2024–25, most of them domestic entities, according to a report accessed by

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Indian Court Freezes WazirX’s XRP Redistribution After 2024 Hack

Indian Court Freezes WazirX’s XRP Redistribution After 2024 Hack

Court Halts Redistribution Plan The Madras High Court has granted interim protection to a WazirX user, blocking the crypto exchange from redistributing her XRP holdings under its Singapore-led restructuring plan. The decision comes after user

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India Set to Launch RBI-Backed Digital Rupee Using Blockchain Technology

India Set to Launch RBI-Backed Digital Rupee Using Blockchain Technology

India is preparing to launch a new digital currency backed by the Reserve Bank of India (RBI), designed to make financial transactions quicker and more secure. Union Minister of Commerce and Industry Piyush Goyal announced

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