India


Finance

Indian Crypto Exchange WazirX Lays Off Roughly 40% of Its Employees: Sources

The eliminated workers were told they would be paid for 45 days.

WazirX CEO Nischal Shetty (WazirX)

Policy

India's Enforcement Directorate Freezes $1.5M in Bitcoin in Gaming App E-Nuggets Case

The agency has been conducting several search operations related to an "illegal loan apps" scam with China links .

Indian regulators freeze bitcoin in gaming app 'scam' case (Unsplash)

Finance

Crypto Exchange WazirX to Delist USDC in Boost for Binance's Stablecoin

WazirX will automatically convert customer holdings into BUSD in an effort to boost the value of Binance's stablecoin.

WazirX CEO Nischal Shetty (WazirX)

Finance

Indian Agency 'Unfreezes' Bank Account of Crypto Exchange WazirX

The account was frozen in relation to the "illegal loan apps" scam investigation, which has come under the national spotlight.

India's Enforcement Directorate has frozen bank accounts related to WazirX. (Renzo D'Souza/Unsplash)

Finance

Indian Police Arrest Two Suspected of Duping 1,400 in Alleged $12M Crypto Scam

So far 24 investors have come forward claiming they've been conned out of $55,000.

India's Enforcement Directorate has frozen bank accounts related to WazirX. (Renzo D'Souza/Unsplash)

Finance

CoinSwitch CEO, in Wake of Searches by Indian Authorities, Says the Crypto Exchange Is 'Fully Cooperating'

Ashish Singhal also sought to clarify that the "engagement with the ED" is not about money laundering.

CoinSwitch Kuber COO and co-founder Vimal Sagar (left), co-founder and CTO Govind Soni and co-founder and CEO Ashish Singhal. (CoinSwitch Kuber)

Finance

Indian Exchange CoinDCX Launches DeFi Mobile App, Signaling Shift Towards Web3

Okto will be available in India within CoinDCX Pro and as a standalone Okto App globally.

From Left to Right: Sumit Gupta (Co-founder & CEO), Neeraj Khandelwal (Co-founder), Gaurav Arora (Sr. Vice President), Vivek Gupta (EVP Engineering). (CoinDCX)

Finance

Crypto Exchange CoinSwitch Kuber Searched by Indian Authorities: Source

Five premises tied to CoinSwitch Kuber are reportedly being searched.

CoinSwitch Kuber COO and co-founder Vimal Sagar (left), co-founder and CTO Govind Soni and co-founder and CEO Ashish Singhal. (CoinSwitch Kuber)

Policy

RBI Governor Says Central Bank's Warnings Pushed People to Avoid Crypto: Report

The central bank has maintained banning cryptocurrency is the most suitable choice for India.

The Internet and Mobile Association of India has disbanded its body representing India's crypto industry. (Laurentiu Morariu/Unsplash)

Markets

First Mover Asia: Bitcoin Hovers Over $21K in Weekend Trading; India Crypto Industry's Challenging Year

High German inflation and ongoing macroeconomic uncertainty raised market anxieties on Friday. Investors will be eyeing comments by Fed Chair Jerome Powell in a few days at a U.S. central bank symposium in Wyoming.

Bitcoin is hovering over $23,000. (Oliver Furrer/Getty Images)