India’s ED seizes $ 198 million in crypto linked to Bitconnect’s infamous Ponzi scheme. A global fraud, high returns promised, and digital assets hidden—here’s the full story. India Seizes $ 198M in Crypto in Bitconnect Fraud Probe India’s Directorate of Enforcement (ED) in Ahmedabad announced on Feb. 15 that it has seized cryptocurrencies …
Coinbase is in talks with several authorities in India, including the Financial Intelligence Unit (FIU), to reopen operations in the Indian market. The firm is seeking to compete with Binance, which resumed local operations last August. Coinbase in Conversations to Relaunch Operations in India Coinbase, one of the largest U.S.-based cryptocurrency exchanges, is preparing to […]
Russia and India now conduct nearly 90% of direct transactions in their national currencies, deepening financial ties and accelerating the global shift away from the U.S. dollar. Moscow and New Delhi Tighten Financial Ties—Is the Dollar Era Ending? Countries worldwide are increasingly shifting away from reliance on the U.S. dollar in international trade, a process […]
Cryptocurrency exchange Bybit said on Feb. 6 that it has successfully registered with the Indian Financial Intelligence Unit, underscoring its commitment to regulatory compliance in India. The exchange said it has resolved prior regulatory matters and paid a monetary fine, demonstrating its dedication to transparency and high standards. The announcement came hours after the Indian […]
Crypto exchange Bybit has been fined and blocked in India for violating anti-money laundering laws, as authorities crack down on unregistered crypto operations in the country. Bybit Hit With Penalty, Website Blocked in India Over AML Violations The Indian Ministry of Finance announced last week that the Financial Intelligence Unit-India (FIU-IND) had imposed a financial […]