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Mumbai-based crypto exchange WazirX was on ED’s radar for the past year and got an Rs.2,790 cr worth of show cause notice for alleged contravention of the FEMA

ED freezes Rs.64-cr funds of India’s major crypto exchange WazirX for money laundering

ED conducts raids on director of WazirX crypto exchange, freezes assets worth Rs.64 crore The Enforcement Directorate (ED) on Friday said it has frozen Rs.64.67...
The RBI noted that the growing threat of the crypto-assets ecosystem warrants drastic approaches by national authorities

RBI slams unbacked crypto assets, stablecoins, DeFi and crypto trading platforms

RBI underscores need for regulatory guardrails to ensure financial stability and consumer, investor protection The Reserve Bank of India (RBI) has come down heavily on...
One thing GOI loves to do - tax its citizens… Have they put enough thought into this or is it the case of killing the goose that lays golden eggs?

Income Tax Department says buyer to deduct TDS on peer-to-peer Cryptocoin kind VDA transactions

CBDT issues clarification on TDS provision applicable on transfer of VDAs Further tightening the Cryptocoin trading in India, the Income Tax Department on Tuesday said...
Gates said he rather preferred investing in assets with tangible outputs, like farms or factories

Bill Gates says he holds no position in cryptos, NFTs

NFTs, cryptos are '100% based on greater fool theory': Bill Gate Tech billionaire Bill Gates has said that he holds no position in crypto currencies...
The exchange is reducing its workforce by roughly 18%. CEO Armstrong admits the company grew too quickly.

Coinbase lays off around 1,100 employees amid turmoil in crypto market

In appraisal season, 1000s of employees become jobless as Coinbase cut costs after crash Leading crypto exchange Coinbase has announced that it is laying off...
Since Q1 2022, the macroeconomic environment has shifted dramatically, sparking a dramatic pullback in equity and crypto markets

BlockFi & Crypto.com lay off hundreds of employees as coins slump

As global crypto market batter, BlockFi and Crypto.com lay off hundreds of employees After the global crypto market was battered owing to a "dramatic shift"...
Celsius Network had last year raised $750 million in funding and is a significant player in crypto lending

Crypto firm Celsius freezes all transfers, withdrawals between accounts

Crypto currencies tumble as lending platform Celsius blocks withdrawals Crypto currency lending firm Celsius Network will pause withdrawals and transfers between accounts due to "extreme...
A lot of consultation has been done from both domestic and other participants, Seth said on the sidelines of an event organized by the Finance Ministry

India finalizing consultation paper on cryptocurrencies: Economic Affairs Secretary

Centre drives close to putting together its cryptocurrency consultation paper; will submit soon The Government of India will soon finalize a consultation paper on cryptocurrencies...
Bitcoin was more than 55 percent down since its all-time high of $69,000 in November last year

Crypto crash: Bitcoin extends losses, drops below $30,000-mark

Millions of investors in panic mode as cryptos see massive decline On Tuesday, the global cryptocurrency market witnessed its worst phase ever, with Bitcoin dropping...
All cryptocurrencies were weighed down as central banks globally tried to control inflation by raising interest rates

Bitcoin, other cryptocurrencies witness a massive slump amid interest rate hike

Federal Reserve's rate hike sends cryptos crashing After the central banks globally tried to control inflation by raising interest rates, cryptocurrencies witnessed a weigh down....


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