India

The post Binance Is Fully Functional In India Now! appeared first on Coinpedia Fintech News Binance is finally back in India after a seven month ban. This has served as a 78th Independence day gift to the Indian crypto community. Let’s explore the journey of Binance from a ban to fully function and what this means for the Indian crypto ecosystem. A Seven Month Long Ban India banned Binance and other 8 offshore Crypto exchanges on 12 Jan 2024. The…

The post Binance is Back to India? appeared first on Coinpedia Fintech News Binance website URL is now accessible in India. URLs of 9 offshore crypto exchanges including Binance, OKX, Kucoin were blocked by Govt. of India on January 12, 2024. These platforms received show-cause notice from the finance ministry in December 2023 for not complying with India’s anti money laundering laws. Kucoin was the first offshore crypto exchange to register with FIU and after paying a fine of  ₹34.5…

Shiba Inu-inspired meme currency Floki Inu (FLOKI) is tailing back into crypto prominence. Rising price, creative ideas, and a charitable inclination are driving FLOKI’s comeback in popularity following a fairly quiet time. But you should be aware of the possibilities and drawbacks of this meme-tastic asset before you let your inner puppy investor loose. From Burj Khalifa Billboards To Building Schools: Floki Inu’s Tail Wags Charity Unlike most meme currencies depending just on viral trends and celebrity tweets, Floki Inu…

Mumbai, India, July 4th, 2024, Chainwire   Venom Foundation is pleased to announce a major milestone in its global expansion strategy: the listing of its native token, $VENOM, on two of India’s leading cryptocurrency exchanges, WazirX and CoinDCX. This pivotal move grants Venom access to a massive user base in the world’s most populous country, further driving the adoption and visibility of $VENOM. "We are thrilled to announce the listing of $VENOM on WazirX and CoinDCX. This strategic move into…

The post Binance India Fine Casts Doubt on BNB Future, Investors Opt for DTX Exchange and Near Protocol Instead  appeared first on Coinpedia Fintech News A few days ago,  India’s Financial Intelligence Unit (FIU-IND) imposed a fine of $2.25 million on Binance for failing to comply with anti-money laundering regulations in India. After the news came out, BNB price dropped more than 5%, and investors are already booking their positions in Binance and looking for new opportunities. A huge inflow…

The post Crypto Regulations in India 2024 appeared first on Coinpedia Fintech News In the case of virtual currencies, India has not enacted any special legislation. However, with its increasing popularity, crypto has aligned with various government statutes like the Companies Act, 2013, necessitating the reporting of virtual digital assets (VDAs). It has also touched the broadened scope of the Prevention of Money Laundering Act, 2002, by including transactions related to these VDAs and different crypto exchanges. The income tax…

The post SEBI vs. RBI: Diverging Views on Crypto Regulation in India appeared first on Coinpedia Fintech News In contrast to the RBI, India’s market watchdog, SEBI, is open to overseeing crypto trading. However, the RBI maintains that private digital currencies pose a macroeconomic risk. In 2021, the government had prepared a bill that would have banned cryptos, although the bill has not yet been introduced. Just last year, India called for a global framework to regulate such assets. SEBI…

Multiple issuers in Hong Kong stated the Securities and Futures Commission had approved spot Bitcoin and Ethereum ETF applications. Let’s dig deeper.  Ethereum Accounting giant Ernst & Young has launched a new blockchain tool to simplify complex business agreements, reduce costs, and ensure security.  Technology Polkadot founder Gavin Wood has introduced the Gray Paper outlining the upcoming Join-Accumulate Machine (JAM) upgrade for the network. The Worldcoin Foundation is launching the Layer-2 blockchain, World Chain, which will integrate novel authentication methods…

In a major development, Binance has announced its return to India as an entity registered with the Financial Intelligence Unit of the Finance Ministry. The Indian government banned the world’s largest cryptocurrency exchange in January, but it has now committed to adhering to all relevant laws, including the PMLA and the VDA taxation framework.  Binance Makes India Return  According to the announcement, Binance will return to India as an entity registered with the Financial Intelligence Unit. India’s Financial Intelligence Unit…