OKX to cease operations in India due to regulatory concerns

Mar 21, 2024

OKX to cease operations in India due to regulatory concerns

Earlier, the exchange’s app and website were blocked on the territory of the country

Media: Apps of nine crypto exchanges including Binance, HTX, and Bitget have been removed from the App Store in India

Jan 10, 2024

Media: Apps of nine crypto exchanges including Binance, HTX, and Bitget have been removed from the App Store in India

Earlier, the local financial intelligence agency accused the platforms of violating AML laws

Indian authorities have accused Binance and other leading exchanges of failing to comply with AML laws

Dec 29, 2023

Indian authorities have accused Binance and other leading exchanges of failing to comply with AML laws

Financial Intelligence called for platform websites to be blocked in the country

India’s central bank opposed the integration of cryptocurrencies into the financial system

Dec 26, 2023

India’s central bank opposed the integration of cryptocurrencies into the financial system

According to the regulator, in its current form, such assets do not bring benefits to the economy

Worldcoin stops offering the verification service in India, France, and Brazil

Dec 21, 2023

Worldcoin stops offering the verification service in India, France, and Brazil

Earlier, the Kenyan authorities recommended suspending the project’s activities at the local level

​JPMorgan and banks in India to test blockchain settlement platform

Jun 5, 2023

​JPMorgan and banks in India to test blockchain settlement platform

The pilot project involves HDFC, ICICI, Axis, Yes, and IndusInd, as well as JPMorgan’s GIFTCity unit

​Indian crypto exchange WazirX accuses Binance of withholding proceeds from the sale of the WRX token

May 17, 2023

​Indian crypto exchange WazirX accuses Binance of withholding proceeds from the sale of the WRX token

Representatives of the platform added that Binance transferred to its account 11,68% of the total supply of the asset

​70% of Indian companies say they plan to use metaverses

May 8, 2023

​70% of Indian companies say they plan to use metaverses

In addition, 63% of firms actively working with digital worlds announced the full implementation of this technology within a year

​IMF warns G20 countries about the risks of cryptocurrencies for banks

Mar 13, 2023

​IMF warns G20 countries about the risks of cryptocurrencies for banks

The regulator believes that financial institutions may lose deposits and will be forced to reduce lending

​India’s central bank governor calls for a ban on “private cryptocurrencies” to avoid a financial crisis

Dec 21, 2022

​India’s central bank governor calls for a ban on “private cryptocurrencies” to avoid a financial crisis

According to Shaktikanta Das, they carry huge internal risks to macroeconomic and financial stability

​India will start testing the digital rupee in retail starting December

Nov 29, 2022

​India will start testing the digital rupee in retail starting December

The tests will begin in four cities across the country and later expand to other regions

Polygon network launches service to fight corruption and police lawlessness in India

Oct 13, 2022

Polygon network launches service to fight corruption and police lawlessness in India

With the help of the new development, citizens will be able to file complaints about the misconduct of law enforcement officers