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Indian Crypto Exchanges Seek Clarity on Legal Status and Taxability from the Reserve Bank of India

Indian Crypto Exchanges Seek Clarity on Legal Status and Taxability from the Reserve Bank of India

Crypto exchanges and companies in India are still seeking regulatory clarity and tax status from the Reserve Bank of India following a Supreme Court ruling in favor of the crypto industry earlier this year. India’s Supreme Court reversed the ban placed by the central bank on financial institutions offering crypto-related banking services. It is two months after lifting the ban, crypto exchanges and firms are now seeking clarification regarding the nature of their operations.

$3.5M of Stolen Crypto Linked to KuCoin Hack Moved

$3.5M of Stolen Crypto Linked to KuCoin Hack Moved

On-chain data analytics have reported that KuCoin hackers have been on the move lately, as a total of $3.5 million of stolen funds were transferred.

60-Year-Old Man Cons Over 50 People with Indian Crypto Scam

60-Year-Old Man Cons Over 50 People with Indian Crypto Scam

Police have revealed another crypto scam in India has left more than 50 people counting losses.

KuCoin Loses $150 Million Due to Security Breach But Compensation to Follow

KuCoin Loses $150 Million Due to Security Breach But Compensation to Follow

KuCoin, a Singapore-based crypto exchange, has disclosed the suspicious withdrawal of large amounts of Bitcoin, ERC-20, and Ether.

Huobi COO Reportedly Under Investigation, with $400M Sent to Crypto Exchange

Huobi COO Reportedly Under Investigation, with $400M Sent to Crypto Exchange

According to Chinese Media, crypto exchange Huobi Chief Operating Officer (COO) Robin Zhu was under investigation by the Chinese police.

Stellar Lumens: FinCEN Regulatory Proposal May Have “Far-Reaching Consequences for Blockchain and Crypto”

Stellar Lumens: FinCEN Regulatory Proposal May Have “Far-Reaching Consequences for Blockchain and Crypto”

Much like many in the blockchain and cryptocurrency industry, Stellar Lumens has taken up FinCEN on its request for comment for its proposed crypto rule.

Indian Minister Reveals Crypto Regulatory Measures to Tame Terrorism

Indian Minister Reveals Crypto Regulatory Measures to Tame Terrorism

G. Kishan Reddy, India’s Union Minister of State (MoS) for Home Affairs disclosed that the nation would incorporate the standards of the Paris-based Financial Action Task Force (FATF) to deter terrorism by cutting off funding sources, especially cryptocurrencies.

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