Virtual Assets

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  Tamil Nadu DGP Unveils ‘Handbook for Investigations into Virtual Digital Assets’: All Details

  Tamil Nadu’s Director General of Police, Shankar Jiwal, has unveiled a guide for police officials on how to investigate crypto-related crimes. The handbook contains industry insights on crypto crimes like money laundering, ponzi schemes, and cyber fraud. It also covers key legal provisions around crypto and Web3.  

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  GainBitcoin Scam: CBI Seizes Cryptocurrencies Worth Rs. 23.94 Crore

  The Central Bureau of Investigation (CBI) said it seized significant incriminating evidence and virtual digital assets, unravelling the extent of the cryptocurrency fraud following nationwide searches conducted on February 25-26 in connection with the GainBitcoin scam cases.

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  Tether Inks MoU With Republic of Guinea to Boost Blockchain Adoption

  In an announcement released on February 17, Tether said it will work with Guinea to ensure that its engagement with blockchain and virtual digital assets (VDAs) is facilitated safely. A key area of focus for Guinea’s partnership with Tether will be on growing blockchain expertise in the country.

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  Dubai’s Crypto Regulator Alerts Investors on New Memecoins Flooding Market 

  The Virtual Assets Regulatory Authority (VARA) of Dubai has strictly asked the city’s investor community to be cautious while engaging with memecoins, calling them ‘highly speculative’ assets. 

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  Income Tax Bill 2025 Clarifies Virtual Digital Asset Definition, Includes NFTs: Key Details

  The Income Tax Bill 2025 classifies any cryptographically generated code, number, or token representing inherent value as part of the country's VDA ecosystem.

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  South Korea’s FSC Unveils Plan to Define Corporate Participation in Virtual Digital Asset Market 

  South Korea's FSC shared a document that states that around 3,500 listed companies and corporations have registered as professional investors under the Capital Market Act. As part of the roadmap, select institutional investors will be permitted to open real name trading accounts for VDA participation.

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  RBI Governor Says Crypto Discussion Paper Will Clarify India’s Stance on Virtual Assets; Industry Reacts

  RBI Governor Sanjay Malhotra stated that the upcoming crypto discussion paper, being prepared under the Finance Ministry’s oversight, will provide clarity on the future of crypto assets in India. However, he did not specify a timeline for its release.

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  BoA Chief Predicts Banks Will Go Bullish on Crypto Once Rules Are More Defined Under Trump 

  Brian Moynihan, the CEO of BoA, said in a CNBC interview Tuesday that once the crypto rules were more defined, virtual assets could be classified as real fintech tools that could be integrated into existing businesses.

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  Tether Set to Relocate Head Office to Crypto-Friendly El Salvador

  Tether has decided to move its headquarters from the British Virgin Islands to El Salvador, The development comes after Tether recently acquired the licence of a virtual asset service provider (VASP) there.

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  Explained: BWA’s ‘Cybersecurity and Fair-Trading Guidelines’ for VASPs in India

  This week, the Bharat Web3 Association (BWA) introduced two comprehensive guidelines aimed at providing clear direction to industry participants on ensuring secure and equitable service delivery for customers. These guidelines primarily target Virtual Asset Service Providers (VASPs).

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  Hong Kong-Based HashKey Obtains VASP Licence in Ireland to Comply With EU's AMLD5

  The Central Bank of Ireland has granted the licence of a Virtual Asset Service Provider (VASP) to the HashKey exchange, giving it legal permissions to offer a variety of crypto-related services in the country.

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  Government Has No Specific Timeline to Finalise Virtual Digital Assets Regulation: MoS Finance

  While answering a question on crypto regulation in the Lok Sabha on Monday, Minister of State for Finance Pankaj Chaudhary said that virtual digital assets (like cryptocurrency) are borderless. 

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  EBA Establishes Stricter Oversight for Firms Handling Crypto-Assets and Payments: Details

  The European Banking Authority (EBA) has directed payment service providers to screen all firms seeking to register their businesses in EU member states. Additionally, EU lawmakers have mandated that virtual digital asset service providers (VASPs) conduct comprehensive due diligence, including detailed risk assessments.

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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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  Crypto-Friendly Dubai Issues Cease-and-Desist Orders Against Seven Entities, Here’s Why

  Dubai is now identifying illegal crypto entities operating within its region. VARA released a statement on the situation this week, claiming that this move is aimed at strengthening its enforcement programme against law evaders. The authority, however, has not disclosed the names of the entities in question.