Indian Bank Blocks Use of RBI’s Remittance System for Crypto While Government Delays Bill

Major Indian bank ICICI has asked customers not to use the Reserve Bank of India (RBI)’s liberalised remittance scheme (LRS) for any crypto-related investments. ICICI, a leading private sector bank in India,... Read more »

Despite regulatory uncertainty, Indian crypto investment surges 19,900% in one year

Despite India’s uncertain regulatory climate regarding crypto assets, nationwide investments in digital assets have increased by roughly 19,900% over the past year. According to data from blockchain analytics firm Chanalysis that was... Read more »

Indian Law Enforcement Investigating WazirX Exchange

Key Takeaways India’s Directorate of Enforcement has issued a show-cause notice to WazirX for violating foreign exchange laws. WazirX is accused of making unreported transactions with Binance and failing to comply with... Read more »