India

Indian authorities crack down on cryptocurrency fraud schemes like HPZ Token and E-Nugget, seizing assets and sending a strong message against illegal activities. Despite concerns, young Indian investors drive crypto market growth, but regulatory clarity is essential for mainstream adoption.

Indian Enforcement Directorate confiscated $30M from E-Nuggets scam, involving arrests and seizing assets through blockchain tracing across major crypto exchanges.

Thailand's SEC is tightening rules against unlicensed crypto platforms, echoing similar actions in other Asian countries like the Philippines and India, while Binance faces regulatory challenges across the region.

Bitcoin Scam Investigation Sees Raj Kundra's Assets Seized

OKX, a cryptocurrency exchange, discontinues services in India due to regulatory hurdles. Users instructed to withdraw funds by April 30. Regulatory uncertainty and stringent tax regulations contribute to challenges faced by crypto exchanges operating in India.

Mudrex introduces U.S. spot bitcoin ETFs to Indian investors, navigating regulatory complexities, and enabling diversification under the Liberalised Remittance Scheme.

Core Foundation introduces a $5 million fund to boost Bitcoin-aligned projects in India, tapping into the country's thriving Web3 ecosystem. This initiative aims to empower Indian builders and scale Bitcoin adoption, poised to stimulate India's crypto economy.

India's RBI cautiously progresses on its digital rupee, balancing innovation with privacy and regulatory prudence, while showing openness to cryptocurrency taxation adjustments and startup collaborations in CBDC development.

India and Russia unite, shaping the digital economy and challenging traditional economic norms, while navigating complex geopolitical landscapes

Explore the recent developments in the Indian cryptocurrency market, including the removal of major crypto exchange apps from Apple's App Store and the evolving regulatory landscape.