India

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India Mandates Cybersecurity Audits for Crypto Firms Under FIU’s Directive

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India is reportedly imposing bank-grade compliance on crypto platforms, mandating cybersecurity audits and stricter oversight that signal a dramatic regulatory upgrade across the booming digital asset space. Crypto Exchanges in India Now Face Bank-Level Compliance Obligations India has reportedly mandated cybersecurity audits for all cryptocurrency exchanges, custodians, and intermediaries, with the Financial Intelligence Unit (FIU) … Read more

India Holds Back From Full Crypto Law, Cites Systemic Risks

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India is holding back from enacting a comprehensive cryptocurrency law, choosing instead to maintain partial oversight due to concerns about systemic risks, according to an internal government document reviewed by Reuters. Authorities caution that formal regulation would legitimize digital assets and risk embedding them into the financial system, while an outright ban would fail to … Read more

Indian Crypto Users Regain Full Access at Bybit as CEO Hails New Chapter in India

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Bybit reignites India’s crypto momentum with full service relaunch, regulatory approval, and sweeping initiatives aimed at driving adoption, innovation, and growth across the nation’s digital asset market. Bybit Relaunches Full Services in India After Regulatory Milestone Crypto exchange Bybit announced on Sept. 8 that Indian users can once again fully access its mobile application through … Read more

India’s Largest Refiner Gives US Crude a Pass as BRICS Barrels Beckon

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India’s biggest fuel buyer just sent a message with its wallet: Indian Oil Corporation deliberately skipped U.S. crude in its latest tender and shopped elsewhere. From Houston to Das: IOC’s Tender Tells a Bigger BRICS Story In a week when it could have tapped West Texas Intermediate, Reuters reported that Indian Oil Corporation (IOC) picked … Read more

India Prepares to Enforce Global Crypto Reporting Rules

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India is set to enforce sweeping oversight of offshore crypto assets, adopting a global framework that enables automatic data sharing, tighter compliance, and greater regulatory transparency. India Adopts Global Framework to Expose Hidden Offshore Crypto Assets Global tax surveillance of digital assets is tightening, with India preparing to expand oversight of offshore cryptocurrency holdings. A … Read more

India Flags Hidden Crypto Practices That Mirror Global Exchange Failures

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India’s financial watchdogs have reportedly uncovered a troubling trend in the cryptocurrency sector, where client deposits on exchanges are being redeployed without investor knowledge. According to the income tax department’s investigation, platforms routinely use customer tokens for lending, staking, or liquidity enhancement, retaining profits while granting users only the right to sell their holdings. Officials … Read more

Former Indian Lawmaker, Police Officer Convicted in Bitcoin Extortion Case

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An Indian court has convicted 14 individuals, including a former lawmaker and a former police superintendent, for extorting $3.6 million in bitcoins from a businessman. Details of the Criminal Conspiracy An Indian court has convicted 14 individuals, including a former lawmaker and a law enforcement officer, for the extortion of $3.6 million (₹32 crore) in … Read more

India Intensifies Tax Scrutiny on Past Crypto Activity and Unreported Assets

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India is intensifying tax enforcement on past crypto transactions, issuing official notices that demand detailed disclosures and warn of penalties for previously undeclared digital assets. India Ramps up Tax Enforcement on Past Crypto Deals and Undeclared Assets India’s tightening tax scrutiny has placed crypto investors under the spotlight as regulators expand enforcement on undisclosed digital … Read more

Binance Joins Forces With India in High-Stakes Operation to Crack ‘Ketamelon’

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India has dismantled its most advanced darknet drug empire in a groundbreaking cyber crackdown, exposing blockchain’s hidden battleground and showcasing unstoppable enforcement power through global crypto-exchange collaboration. India’s Cyber Dragnet Collides With Blockchain—Dark Empire Shattered Binance shared on Aug. 21 that it assisted India’s Narcotics Control Bureau (NCB) and the Data Security Council of India … Read more

India Seeks Crypto Industry Feedback on Tax Policy, TDS Burden, Offshore Shift

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India’s top tax authority is actively engaging crypto platforms on tax rules, signaling momentum toward a potential dedicated framework that could redefine taxation, oversight, and market competitiveness. India Evaluates Crypto Market Taxation Amid Industry Demands for Policy Reform The Central Board of Direct Taxes (CBDT), India’s top direct tax authority, reportedly reached out to domestic … Read more

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