Indian Courts Slam Crypto Risks as Tax Revenues Surge and Regulation Lags India’s cryptocurrency saga has taken a dramatic turn with courts sounding urgent warnings about economic threats, while the government rakes in record tax revenue from digital assets. Amidst fraud scandals, security breaches, and a glaring regulatory gap, a bold industry proposal for oversight—and […]
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India’s Supreme Court Urges Crypto Regulation Amid Global Trends India’s Supreme Court has issued a stern rebuke to the central government, highlighting the urgent need for cryptocurrency regulation in light of global trends and recent incidents in the country. India’s Supreme Court criticizes lack of crypto regulation Urges regulation over ban, cites global trends WazirX […]
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Consumer Court Dismisses WazirX Hack Victims’ Complaints: What’s Next? A consumer court in India has dealt a setback to investors affected by the WazirX hack, dismissing their complaints due to the lack of regulatory clarity on cryptocurrency transactions. However, the fight for justice continues as victims plan to appeal to the Supreme Court, while WazirX […]
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CoinSwitch Promises Recovery Through Rewards for WazirX Hack Victims In July 2024, WazirX, a prominent Indian cryptocurrency exchange, fell victim to a cyberattack, resulting in hackers stealing over $230 million in digital assets. In response, CoinSwitch, another major player in the Indian crypto market, launched the ‘CoinSwitch Cares‘ program, offering a lifeline to affected users […]
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