Questions tagged [india]

Raffaele Fri Oct 25 2024 | 7 answers 1279

In 2024, there were reports that Binance, a popular cryptocurrency exchange, was facing regulatory issues in India. The Indian government had taken strict measures against offshore crypto exchanges operating in the country without proper registration under the Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) framework. Binance was among the exchanges that received compliance notices and had its website blocked by the Indian authorities. However, there were also reports that Binance was trying to comply with Indian regulations and had even responded to tax-related investigations, indicating a possible effort to legalize its operations in India.

EthereumElite Wed Oct 23 2024 | 6 answers 1548

I'm wondering if Bitcoin, often referred to as BTC, is considered illegal in India. I've heard mixed opinions on this and would like to get a clearer understanding of its legal status in the country.

Bianca Wed Oct 23 2024 | 7 answers 1244

Binance, a leading cryptocurrency exchange, has been facing regulatory challenges in various countries. Recently, there have been concerns regarding the legality of Binance Pay in India, as the country's financial authorities have been tightening their grip on crypto-related activities. This question arises in the backdrop of several notices and actions taken by Indian regulatory bodies against crypto exchanges operating in the country.

Daniele Wed Oct 23 2024 | 7 answers 1828

A user from India is inquiring about the current price of 1 CNX coin in their local currency or a universally accepted currency.

CryptoKing Wed Oct 23 2024 | 6 answers 720

CoinDCX, an Indian cryptocurrency exchange, has been actively involved in various initiatives to promote the crypto market in India, including partnering with Solana for a hackathon. With the Indian Supreme Court lifting the ban on cryptocurrencies, CoinDCX has become the first exchange in India to integrate bank account transfer services, allowing users to purchase cryptocurrencies with Indian rupees. Additionally, CoinDCX has launched an app called CoinDCX Go, which enables users to trade smaller amounts of 14 different crypto assets. These developments suggest that CoinDCX and its services, including CoinDCX Go, are operating within a legal framework in India.