India crypto news – The Shib Daily

Blockchain·Markets·Policy·Regulation·Tokens

Despite Regulatory Uncertainty, Indians Trust Crypto: Giottus CEO

April 3, 2024

India’s relationship with cryptocurrencies is akin to a delicate dance, marked by curiosity, regulation, and a pervasive sense of uncertainty. Despite the regulatory haze surrounding the crypto landscape, approximately 7 million Indians have ventured into the digital assets world, investing over $1 billion. However,

Policy·Regulation

India’s Financial Watchdog Fines Binance $2.2 Million for Regulatory Lapses

June 20, 2024

India’s Financial Intelligence Unit (FIU) has imposed a fine of $2.2 million on cryptocurrency exchange giant Binance. The penalty stems from alleged non-compliance with anti-money laundering (AML) regulations. The order, dated June 19, 2024, comes amid growing scrutiny of cryptocurrency exchanges in India. The FIU, responsible for safeguarding the financial system from money laundering and

May 2, 2024

India’s ED Partners with Binance to Foil E-Nugget Scam, Seizes $10.5M in Crypto Assets

A financial investigations agency in India recently made headlines by collaborating with