India

India Won't See Crypto or Web3 Bill for Another 18 Months, Senior Lawmaker Says
India Won't See Crypto or Web3 Bill for Another 18 Months, Senior Lawmaker Says
Jayant Sinha, one of India's senior politicians who helps oversee the financial evolution of the nation, told CoinDesk that the country is unlikely to bring a crypto or Web3-s...
India Won't See Crypto or Web3 Bill for Another 18 Months, Senior Lawmaker Says

Jayant Sinha, Chair of the standing committee on Finance in the Indian Parliament speaking at India Blockchain Week in Bengaluru. Dec. 7, 2023. (Allan Christian/CoinDesk)
India Won't See Crypto or Web3 Bill for Another 18 Months, Senior Lawmaker Tells CoinDesk
"Many important countries, whether it's the US, the UK, India, are going in for elections and so, I'm not sure in 2024 the standards will develop," Sinha said.
Jayant Sinha, Chair of the standing committee on Finance in the Indian Parliament speaking at India Blockchain Week in Bengaluru. Dec. 7, 2023. (Allan Christian/CoinDesk)

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28 Indian Crypto Service Providers Have Registered With Country’s Anti-Money Laundering Unit
In March, India's Finance Ministry mandated that crypto businesses will have to register with the Financial Intelligence Unit (FIU).
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Staci Warden, Algorand Foundation CEO (CoinDesk TV)
The Algorand Foundation Expands Its Footprint in India
The foundation's AlgoBharat initiative has secured new partnerships in India with NASSCOM, TiE Bangalore and the Mann Deshi Foundation.
Staci Warden, Algorand Foundation CEO (CoinDesk TV)

The Taj Mahal in Agra, India (Sylwia Bartyzel/Unsplash)
India's Supreme Court Turns Away Petition Asking Government to Frame Crypto Guidelines
"Though the petition is under Article 32 of the Constitution, it is evident that the real purpose is to seek bail in proceedings which are pending against the petitioner," the...
The Taj Mahal in Agra, India (Sylwia Bartyzel/Unsplash)

New Delhi, India (Unsplash)
India's Controversial Crypto Tax Should Be Cut After Failing to Achieve Aims, Think Tank Urges
The government lost $420 million in potential revenue and failed to improve transparency because the tax regime prompted as many as 5 million crypto users to shift transaction...
New Delhi, India (Unsplash)

New Delhi, India (Unsplash)
India's Central Bureau of Investigation Appoints Liminal to Manage Seized Digital Assets
Liminal has already supported the CBI in an operation by assembling a specialized team to safely store seized assets.
New Delhi, India (Unsplash)

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Indian Police Arrest 8 More in $300M Crypto Scam: Report
Four cops were among those arrested, while the operation's alleged kingpin, Subhash Sharma, remains at large, according to local media reports.
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The four co-founders of Mudrex (from left to right): Prince Arora, VP, engineering; CEO Edul Patel; CTO Alankar Saxena; and Rohit Goyal, VP, DeFi. (Mudrex)
Indian Crypto Investment Platform Mudrex Expands to Italy
Mudrex successfully registered with Italy's Organismo Agenti e Mediatori (OAM), a mandatory step for crypto firms, on Sept. 1, according to the CEO.
The four co-founders of Mudrex (from left to right): Prince Arora, VP, engineering; CEO Edul Patel; CTO Alankar Saxena; and Rohit Goyal, VP, DeFi. (Mudrex)

Coinbase CEO Brian Armstrong (Coinbase)
Coinbase Exchange Remains Inactive in India, While Other Operations Are Still Active
The question of the extent of Coinbase's operations in India was triggered after it sent emails to some customers asking them to withdraw their funds by September 25.
Coinbase CEO Brian Armstrong (Coinbase)