Crypto is sweeping South and SE Asia. Here’s why it matters to the rest of the world

Five countries in South and Southeast Asia now rank in the global top 10 for cryptocurrency adoption, embracing DeFi and defying government attempts to discourage crypto use. Is this a harbinger of larger trends to come?

• 2023-06-27
• Southeast Asia India world population cryptocurrencies South India blockchain Global Crypto Adoption Index

Indian Crypto Exchanges Are in Survival Mode, Trying to Extend Their Runways

India’s CoinDCX, CoinSwitch, WazirX, BuyUCoin, ZebPay and Giottus all think they'll survive the current bear market – here’s how.

• 2023-05-29
• crypto exchanges India Indian agencies

India not against blockchain tech, but cryptocurrency should be monitored, says FM

India is not against the blockchain technology, but currencies have to be monitored by either the government or the central bank, Finance Minister Nirmala Sitharaman said on Saturday.

• 2023-05-08
• Nirmala Sitharaman Reserve Bank of India blockchain technology India digital currencies digital assets

India’s finance minister lauds DLT, says crypto regulation does not mean technology control

India’s Finance Minister Nirmala Sitharaman, in commending the potential of distributed ledger technology (DLT), has urged for a global consensus in regulating crypto while emphasizing that regulation did not equate to government control over the technology.

• 2023-04-24
• distributed ledger technology Nirmala Sitharaman DLT crypto India technology finance minister

India imposes money laundering regulations on crypto industry

India’s crime fighting agencies have been investigating crypto exchanges and individuals on money laundering charges and have now put the onus on exchanges to report suspicious transactions.

• 2023-03-14
• digital assets India Prevention of Money Laundering Act Enforcement Directorate Rajagopal Menon PMLA cryptocurrency exchanges

India probing ‘several’ crypto cases for money laundering, seizes over $115 million

India’s Enforcement Directorate is investigating "several" crypto cases for money-laundering schemes and has seized $115.5 million to date in such crimes, the Ministry of Finance said, the latest in a series of crackdown by the authorities on the nascent space that is already reeling from the tremulous market conditions. The Indian crime fighting agency has also arrested five individuals in crimes abetted by cryptocurrency and in the past sent a show cause notice to local exchange WazirX and it

• 2023-03-14
• Ministry of Finance Sequoia India India money-laundering the Ministry of Finance digital assets

India’s Crypto Industry Finally Sees Lawmakers Engaging

On Saturday, India’s crypto industry pulled off a near coup by bringing senior leaders from India’s ruling party and the opposition benches to an event to engage in serious discussions.

• 2023-03-14
• Ravi Shankar Prasad Baijayant Panda India parliamentary standing committee

India's anti-money laundering laws will now apply to crypto transactions

The Indian government will apply anti-money laundering provisions to transactions related to cryptocurrencies or virtual tokens, in an effort to tighten its supervision of digital assets.

• 2023-03-09
• digital assets anti-money laundering transactions India

India's money laundering rules to apply to crypto trade - gov't notification

India's money laundering laws will apply to trade in cryptocurrencies, the federal government said in a notification dated March 7. The exchange between virtual digital assets and fiat currencies, the exchange between one or more forms of virtual digital assets and the transfer of digital assets will be covered under money laundering laws, the notification said. The safekeeping or administration of virtual digital assets and the participation in financial services related to the offer and sale

• 2023-03-08
• money laundering digital assets India Reserve Bank of India

Janet Yellen urges strong regulatory framework for crypto as India leads G20 push for regulation

U.S. Treasury Secretary Janet Yellen told Reuters after the G20 meeting in India on Saturday that while the U.S. has not indicated any outright bans, it is critical to put in place a strong regulatory framework for the cryptocurrency industry.

• 2023-02-27
• Janet Yellen G20 meeting India crypto Nirmala Sitharaman regulatory framework sovereign bank International Monetary Fund