On Monday, October 21, India’s crypto exchange ZebPay announced it has reached a milestone of ten years in the country’s crypto industry. Over the past decade, the platform said it had garnered six million registered users and surpassed $1 billion (roughly Rs. 8,407 crore) in trade volume by 2017. As…
Binance, touted as the largest crypto exchange in the world, has been issued a notice in India, demanding a Goods and Services Tax (GST) payment of Rs. 772 crore (roughly $92 million). The Ahmedabad zonal unit of India’s Directorate General of GST Intelligence (DGGI) is the authority that has issued…
Indian crypto exchanges are reaping the benefits of the government opening compliance investigations on foreign crypto exchanges like Binance and Kraken. Over the last week, Indian crypto exchanges recorded a massive inflow of deposits, that has now opened a competition amongst Indian exchanges. CoinDCX, that claims to have seen a…
WazirX disclosed the trajectory of its business this year only to give an insight into the slump spell that the crypto market is under as India awaits to complete regulatory deployments to oversee the sector. The Indian crypto trading platform, in 2023, managed to generate around $1 billion (roughly Rs….
India, that has levied a one percent TDS on each crypto transaction, is again facing suggestions regarding a change in the law. In its latest study, Delhi-based think tank Esya Centre has advised the government to slash its 1 percent TDS on crypto transactions to 0.01 percent. In doing so,…
Bengaluru, the Silicon Valley of India, is a safe haven for techies and entrepreneurs looking to make it big in their respective industries. One of the biggest hosts to crypto-related firms and projects in India, Bengaluru now has a tea seller, who has begun selling ‘chai’ in return for crypto…
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