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India, Qatar's Financial Intelligence Units Partner to Combat Money Laundering through Virtual Digital Assets
This week, the Financial Intelligence Units of India and the UAE met in New Delhi to finalise an agreement. The two nations committed to collaborating in efforts to prevent the misuse of crypto assets by unlawful entities for illicit financial transfers.
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ZebPay Marks a Decade in India’s Crypto Landscape, Sets Sights on Expanding Retail Market Share
ZebPay has completed ten years of operations in India’s crypto market. Looking ahead, the exchange plans to introduce new features and services aimed at family offices, high-net-worth individuals (HNIs), and institutional investors.
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Binance Claims It Helped ED Crack Fiewin Gaming Scam that Defrauded Players of $47.6 Million
Binance crypto exchange has claimed that its internal intelligence unit assisted the ED in uncovering this scam. In a statement released on Wednesday, September 25, Binance said that such public-private partnerships against financial crimes can strengthen its role in India’s crypto landscape.
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India Restores Binance Access After Exchange Cleared $2.25 Million Fine for PMLA Violations
Binance has finally completed its registration with India’s Financial Intelligence Unit (FIU). The exchange has additionally cleared the penalty of $2.25 million (roughly Rs. 18.8 crore) that was levied on it in June this year, for not adhering to India’s Prevention of Money Laundering Act, 2002 (PMLA).
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Mudrex Announces Rewards for Crypto Holders via New ‘Earn’ Initiative: Details
Mudrex crypto investment firm has launched a new initiative to let users monetise their crypto holdings without having to sell their assets. Mudrex’s fresh initiative seems to be a move aimed at retaining Indian users on its platform.
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Crypto Storage Provider Liminal Custody Registers Indian Entity with Financial Intelligence Unit
Liminal Custody's Indian entity ‘First Answer India Technologies Private Limited’ is now officially registered with India’s Financial Intelligence Unit (FIU). The company aims to use the FIU registration to serve institutional clients across India as a trusted entity.
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Binance Registers With FIU as It Seeks to Resume Operations in India
Binance has registered with India's Financial Intelligence Unit (FIU) as the cryptocurrency exchange looks to resume its operations in India. The exchange was barred from operating in India in December for non-compliance with local regulations and can resume operations only after paying a penalty for previous non-compliances, which is yet to be det...
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WazirX Received 1,700 Requests from Law Enforcement Agencies in Last Five Months
WazirX released its sixth transparency report on Tuesday, April 23. Among a bunch of details, WazirX claimed that it received a total of 1,700 requests from the law enforcement agencies between October 2023 and March 2024.
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Binance Plans to Get India Ban Revoked, Working on Compliance Mandates: Report
Binance is looking to re-enter the Indian market, but this time as an entity registered by the Financial Intelligence Unit (FIU). The exchange is also reportedly gearing up to pay $2 million (roughly Rs. 16.7 crore) to the Indian government in penalties.
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Financial Intelligence Unit Imposes Penalty of Over Rs. 5 Crore on Paytm Payments Bank
India's Financial Intelligence Unit (FIU) on Friday imposed a penalty of Rs. 5,49,00,000 ($662,565) on Paytm's banking arm, Paytm Payments Bank, for violations in reporting illegal money routed through its accounts, the country's finance ministry said.
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India Gets New Crypto-INR Futures Exchange Named ‘Pi42’ from WazirX, ZebPay Leaders
Zebpay CEO Avinash Shekhar and WazirX founder Nischal Shetty have launched a new crypto-INR Futures Exchange called ‘Pi42’ on Wednesday, February 7. Pi42, as disclosed by its founders, has already been registered with the FIU – which means Indians can start trying it out.
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IT Ministry to Block Binance, Kraken, More Crypto Websites After FIU Issues Show Cause Notice
As part of compliance action against the offshore entities, Financial Intelligence Unit India (FIU IND) has issued show cause notices to nine offshore Virtual Digital Assets Service Providers (VDA SPs) under Section 13 of the Prevention of Money Laundering Act (PMLA).
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"Operating Illegally": Centre Issues Notices To 9 Offshore Crypto Platforms
As part of compliance action against the offshore entities, Financial Intelligence Unit India (FIU IND) has issued show cause notices to nine offshore Virtual Digital Assets Service Providers (VDA SPs).
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‘Wait is Frustrating’: Indian Crypto Players Fear Losing Web3 Talent, Funding Amid Legal Delays
In conversation with Gadgets 360, Kumar Gaurav, the founder and CEO of Cashaa said that the wait for India to finally get its crypto laws is ‘undeniably frustrating’ for industry players. Indian crypto community members like Gaurav are concerned that the delay in India getting its comprehensive crypto laws could result in required assets flowin...
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28 Crypto Firms Register Operations with India’s Financial Intelligence Unit: Details
Aiming to ensure that the crypto sector was safe to engage with, Indian authorities had asked all operating crypto firms to register with them. Unocoin, Giottus, Zebpay, Mudrex, Buyucoin, Rario, and Bitbns are among the 28 crypto firms that have registered their operations with the Indian Financial Intelligence Unit (FIU).
-
India, Qatar's Financial Intelligence Units Partner to Combat Money Laundering through Virtual Digital Assets
This week, the Financial Intelligence Units of India and the UAE met in New Delhi to finalise an agreement. The two nations committed to collaborating in efforts to prevent the misuse of crypto assets by unlawful entities for illicit financial transfers.
-
ZebPay Marks a Decade in India’s Crypto Landscape, Sets Sights on Expanding Retail Market Share
ZebPay has completed ten years of operations in India’s crypto market. Looking ahead, the exchange plans to introduce new features and services aimed at family offices, high-net-worth individuals (HNIs), and institutional investors.
-
Binance Claims It Helped ED Crack Fiewin Gaming Scam that Defrauded Players of $47.6 Million
Binance crypto exchange has claimed that its internal intelligence unit assisted the ED in uncovering this scam. In a statement released on Wednesday, September 25, Binance said that such public-private partnerships against financial crimes can strengthen its role in India’s crypto landscape.
-
India Restores Binance Access After Exchange Cleared $2.25 Million Fine for PMLA Violations
Binance has finally completed its registration with India’s Financial Intelligence Unit (FIU). The exchange has additionally cleared the penalty of $2.25 million (roughly Rs. 18.8 crore) that was levied on it in June this year, for not adhering to India’s Prevention of Money Laundering Act, 2002 (PMLA).
-
Mudrex Announces Rewards for Crypto Holders via New ‘Earn’ Initiative: Details
Mudrex crypto investment firm has launched a new initiative to let users monetise their crypto holdings without having to sell their assets. Mudrex’s fresh initiative seems to be a move aimed at retaining Indian users on its platform.
-
Crypto Storage Provider Liminal Custody Registers Indian Entity with Financial Intelligence Unit
Liminal Custody's Indian entity ‘First Answer India Technologies Private Limited’ is now officially registered with India’s Financial Intelligence Unit (FIU). The company aims to use the FIU registration to serve institutional clients across India as a trusted entity.
-
Binance Registers With FIU as It Seeks to Resume Operations in India
Binance has registered with India's Financial Intelligence Unit (FIU) as the cryptocurrency exchange looks to resume its operations in India. The exchange was barred from operating in India in December for non-compliance with local regulations and can resume operations only after paying a penalty for previous non-compliances, which is yet to be det...
-
WazirX Received 1,700 Requests from Law Enforcement Agencies in Last Five Months
WazirX released its sixth transparency report on Tuesday, April 23. Among a bunch of details, WazirX claimed that it received a total of 1,700 requests from the law enforcement agencies between October 2023 and March 2024.
-
Binance Plans to Get India Ban Revoked, Working on Compliance Mandates: Report
Binance is looking to re-enter the Indian market, but this time as an entity registered by the Financial Intelligence Unit (FIU). The exchange is also reportedly gearing up to pay $2 million (roughly Rs. 16.7 crore) to the Indian government in penalties.
-
Financial Intelligence Unit Imposes Penalty of Over Rs. 5 Crore on Paytm Payments Bank
India's Financial Intelligence Unit (FIU) on Friday imposed a penalty of Rs. 5,49,00,000 ($662,565) on Paytm's banking arm, Paytm Payments Bank, for violations in reporting illegal money routed through its accounts, the country's finance ministry said.
-
India Gets New Crypto-INR Futures Exchange Named ‘Pi42’ from WazirX, ZebPay Leaders
Zebpay CEO Avinash Shekhar and WazirX founder Nischal Shetty have launched a new crypto-INR Futures Exchange called ‘Pi42’ on Wednesday, February 7. Pi42, as disclosed by its founders, has already been registered with the FIU – which means Indians can start trying it out.
-
IT Ministry to Block Binance, Kraken, More Crypto Websites After FIU Issues Show Cause Notice
As part of compliance action against the offshore entities, Financial Intelligence Unit India (FIU IND) has issued show cause notices to nine offshore Virtual Digital Assets Service Providers (VDA SPs) under Section 13 of the Prevention of Money Laundering Act (PMLA).
-
"Operating Illegally": Centre Issues Notices To 9 Offshore Crypto Platforms
As part of compliance action against the offshore entities, Financial Intelligence Unit India (FIU IND) has issued show cause notices to nine offshore Virtual Digital Assets Service Providers (VDA SPs).
-
‘Wait is Frustrating’: Indian Crypto Players Fear Losing Web3 Talent, Funding Amid Legal Delays
In conversation with Gadgets 360, Kumar Gaurav, the founder and CEO of Cashaa said that the wait for India to finally get its crypto laws is ‘undeniably frustrating’ for industry players. Indian crypto community members like Gaurav are concerned that the delay in India getting its comprehensive crypto laws could result in required assets flowin...
-
28 Crypto Firms Register Operations with India’s Financial Intelligence Unit: Details
Aiming to ensure that the crypto sector was safe to engage with, Indian authorities had asked all operating crypto firms to register with them. Unocoin, Giottus, Zebpay, Mudrex, Buyucoin, Rario, and Bitbns are among the 28 crypto firms that have registered their operations with the Indian Financial Intelligence Unit (FIU).
