CoinDCX Absorbs $16 Million Loss After Internal Sweeping Failure
CoinDCX, India's largest crypto exchange, said it absorbed a 15.99 million USDT loss after an automated service failed to move customer deposits out of a retired wallet.
India News
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India stories
14 stories · 6 Dec 2024 – 26 Oct 2026
Maharashtra Moves to Tokenize Its Power Grid to Fund New Infrastructure
Maharashtra is drafting a policy to tokenize state-owned assets on blockchain, starting with electricity transmission infrastructure.
India's Demat 2.0 Pilot Settles $107M in Bonds Using the Digital Rupee
Three Indian companies issued a combined 10.25 billion rupees, about $107 million, in tokenised corporate bonds under a new pilot led by SEBI and the Reserve Bank of India.
Three Major Banks Line Up as India's Arya.ag Puts Grain Loans on Avalanche
Arya.ag, India's largest grain warehousing business, is using Avalanche technology to record grain deposits, warehouse receipts and loan status on a dedicated blockchain.
India Turns to the Digital Rupee to Settle Its First Tokenised Bonds
India plans to issue its first tokenised corporate bonds in September, with state-owned power financier REC raising less than 5 billion rupees, about $57 million.
RBI Pushes to Seal India's Banks Off From Crypto as Ban Stays Alive
The Reserve Bank of India told a parliamentary panel that banks should stay fully insulated from crypto assets and private stablecoins.
India Routes $80B Welfare Through e-Rupee in 10 Pilots
India is running 10 pilot programs routing portions of the country's $80 billion welfare system through the e-rupee.
India to share cross-border crypto transaction data from April 2027, Budget 2026 sets ₹200 daily fines for non-reporting
India will share cross-border crypto transaction data from April 2027 under OECD's CARF framework.
India's Enforcement Directorate raids 21 locations in decade-long crypto scam using 26 fake platforms
India crypto scam raids hit 21 locations December 18 as Enforcement Directorate targets 4th Bloc Consultants.
Coinbase invests in CoinDCX at $2.45B; deal awaits regulatory approvals
Coinbase announced a fresh investment in CoinDCX at a $2.45 billion post-money valuation, structured as an extension and pending regulatory approvals.
India Launches Nationwide Crackdown on Crypto Tax Evasion
India’s tax authorities have opened hundreds of investigations into crypto traders suspected of hiding offshore profits and evading disclosure laws.
India’s digital rupee era nears: Piyush Goyal says launch coming soon
India will soon launch an RBI-backed sovereign digital currency, Piyush Goyal confirmed, while cautioning against crypto not backed by assets.
India Seizes $189M in Crypto in BitConnect Fraud Crackdown
Indian authorities seized $189M in crypto tied to the BitConnect scam, tracking funds through wallet analysis and dark web activity in a major crackdown.
India Pushes Digital Rupee with New Wallet Partnership
India partners with DC Wallet and AFC India to boost digital rupee adoption, targeting 200M users with a focus on unbanked communities and key sectors.
