Regulation
From Silicon Valley to Sand Dunes: Why Indian crypto firms eye Dubai expansion
Indian crypto companies flock to Dubai, escaping high local taxes and finding solace in the emirate's favorable regulatory environment.
Maha Shah
Lens
CoinDCX
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Crypto Trading and Strategies
India’s CoinSwitch crypto exchange fires 44 employees as trading volumes drop
CoinSwitch, an Indian cryptocurrency exchange backed by Tiger Global and Sequoia Capital, has laid off 44 employees from its customer support team due to a drop in customer queries with falling trading volumes.
Pradipta Mukherjee
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Regulation
India’s CoinDCX exchange lays off 12% of staff
CoinDCX, one of India’s largest cryptocurrency exchanges, said on Wednesday it is laying off 12% of its staff due to the impact of a prolonged bear market and local tax rules.
Pradipta Mukherjee
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Regulation
India’s CoinDCX exchange says crypto tax rules are reducing government revenue
India announces its full year budget on Feb. 1, the last before general elections in 2024, and the cryptocurrency and digital asset industry is lobbying the government for changes in tax rules, among others.
Pradipta Mukherjee
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Crypto Trading and Strategies
India’s CoinDCX publishes full proof of reserves
Cryptocurrency exchange CoinDCX, India’s first crypto unicorn, published its complete proof of reserves (PoR) on Monday detailing its USDT liabilities and reserves.
Pradipta Mukherjee
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Crypto Trading and Strategies
India’s CoinDCX crypto exchange publishes proof of reserves
Cryptocurrency exchange CoinDCX, India’s first crypto unicorn, published its proof of reserves on Thursday
Pradipta Mukherjee
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Altcoins
India’s CoinDCX Twitter handle hacked to peddle XRP
CoinDCX, India’s first crypto unicorn, asked users not to click on any link or messages from its official Twitter handle as the company lost control of the social media account following a hack. See related article: How Twitter hackers social-engineered their way into VIP accounts to shill for bitcoin Fast facts “We are in the […]
Pradipta Mukherjee
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DeFi News
India’s CoinDCX says it’s hiring to prepare for DeFi expansion
Despite the Indian government’s hostility towards cryptocurrencies, the CoinDCX exchange says more traditional financial products will shift to DeFi platforms.
Pradipta Mukherjee
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Crypto Trading and Strategies
Crypto trading volumes in India recover
Trading volumes at Indian crypto exchanges are recovering on the back of a rally in digital asset prices. Volumes had dropped after the government had imposed steep taxes. See related article: Bitcoin bounces back after US reports worst inflation in 41 years Fast facts Trading volumes at crypto exchange WazirX rose about 35% to US$7.18 […]
Pradipta Mukherjee
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Regulation
India’s Directorate of Enforcement said to question crypto exchanges
The country’s federal agency charged with investigating money laundering and violations of foreign exchange laws has reportedly reached out to Indian crypto exchanges to probe possible violations of foreign exchange rules. See related article: CoinDCX double downs as the going gets tough in India Fast facts The Enforcement Directorate has sought “further details and documents” […]
Pradipta Mukherjee
