India imported $5.9 billion of silver in just four months, a sharp rise driven by strong jewellery buying, investor demand and industrial use such as solar and electronics. Silver prices hit record highs, lifting metal stocks and ETFs, even as physical silver in India traded at a discount.

India’s top tax officials have renewed warnings that cryptocurrency activity is undermining India’s ability to enforce tax laws, citing opaque cross-border transactions, private wallets and decentralized platforms that fall largely outside traditional oversight.

India has brought 49 cryptocurrency exchanges under anti-money laundering rules, including 45 domestic and four foreign platforms. The Financial Intelligence Unit has also blocked 25 offshore exchanges that refused to register, while fines totalling ₹28 crore were issued to non-compliant platforms.

Reserve Bank of India (RBI) has called on governments worldwide to prioritize central bank digital currencies (CBDCs) over privately issued stablecoins, arguing that CBDCs can deliver the same financial benefits as stablecoins — including speed, efficiency, and programmability — without destabalising the whole financial structure of the country.

Coinbase has finally made its first arrest of one of the masterminds behind the exchange's customer data breach that exposed nearly 70,000 user accounts.

Coinbase has reopened its app in India after more than two years, allowing users to trade cryptocurrencies following approval from the Financial Intelligence Unit. The company plans to introduce a fiat on-ramp in 2026 and is expanding its local team and partnerships to strengthen its presence despite strict regulations and taxes.

Google Finance now shows live data from US prediction markets Kalshi and Polymarket. This lets users track event probabilities alongside regular financial info, but regulatory questions remain.

Celebrity hairstylist Jawed Habib, his son, and an associate are accused of defrauding over 150 investors of Rs 5–7 crore through a fake crypto scheme. Police say they used his fame to gain trust and have issued lookout notices as investigations continue.

Coinbase has invested in India’s largest crypto exchange, CoinDCX, to expand its presence in South Asia and the Middle East. CoinDCX serves over 20 million users, handles $1.2 billion in assets, and continues to grow despite past security breaches.

After more than a year of silence, missed deadlines, and legal hurdles, India-based crypto exchange WazirX has finally won the Singapore High Court’s approval for its long-awaited restructuring plan.