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India
India's CBDC Has 5M Users, Can be Phased in Gradually: Central Bank Governor
Governor Shaktikanta Das said there should not be in any rush to roll out a system-wide CBDC.
WazirX to Phase In Indian Rupee Withdrawals Starting Aug. 26
Users of the Indian crypto exchange will be able to take out up to 66% of their rupee funds in two phases following a suspension instituted after last month's $230 million dollar hack.
Binance Completes Registration With India's Financial Intelligence Unit Months After Being Fined
The registration was provisionally approved in May, subject to the crypto exchange paying a fine of about $2.2 million.
WazirX Ends Custody Relationship With Liminal, Is Moving Funds to New Multisig Wallets
The Indian crypto exchange is facing heat from customers for the inability to withdraw their funds and an alleged lack of transparency after a $230 million exploit.
Post WazirX Hack, India's CoinDCX Starts Investor Protection Fund With $6M
The decision comes in the wake of the $230 million hack on crypto exchange WazirX last month.
Binance Challenges Indian Tax Showcause; Ronin Pauses After $9 Million White Hat Hack
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as Binance challenged a nearly $86 million tax showcause notice from India's Directorate General of Goods and Services Tax Intelligence. Plus, bridging service Ronin was paused after a white hat hack, and spot ether ETFs recorded net inflows of nearly $49 million on Monday despite the slump in ETH.
Binance Challenges $86M Indian Tax Showcause Notice: Source
The notice, a first step taken by the authority when it suspects tax evasion, was issued to Binance last week.
Indian Survey Reveals Impact of Crypto Taxes and Anti-Money Laundering Rules on Investors
The study was conducted to assess how savvy investors are engaging with traditional finance, crypto and stablecoins in their investment portfolios.
WazirX Co-Founder Nischal Shetty Says All Options Are on the Table for Fund Recovery
Shetty said that outreach efforts to different exchanges “are going to be crucial.”
WazirX Surveys Users on Recovery Options After $230M Hack, Leaves Customers and Industry Players Fuming
The Indian crypto exchange has put out a fresh statement clarifying that the poll was "not legally binding" and was a "preliminary step to understand" customer opinions.