CoinDCX Absorbs 15.99M USDT Loss After Legacy Wallet Sweep Fails
CoinDCX says a failed automated sweep let deposits accumulate in deprecated wallets, producing a 15.99 million USDT loss that the company absorbed.
India Crypto News
Digital finance in India: cryptocurrency policy, tokenization, payment infrastructure and blockchain developments.
Yes Bank Profit Rises, but AT1 Ruling Clouds the Result
Yes Bank reported ₹1,080 crore in quarterly profit, while warning that a still-unbooked AT1 bond judgment would turn it into an indicative ₹5,217 crore loss.
ICICI Bank Profit Climbs 20% as Loan Growth Masks Margin Squeeze
ICICI Bank's September-quarter profit rose to ₹14,843 crore, helped by lending growth and lower provisions, even as its net interest margin narrowed.
RBI Opens Dollar Window for State Oil Companies
India's central bank will supply dollars to three state-run oil companies through designated banks as pressure on the rupee persists.
Canada and India push trade pact toward year-end finish
The fourth negotiating round ended with energy, nuclear cooperation and critical minerals emerging as central areas for a Canada-India trade agreement.
NSE's $2.3B IPO fills on second day of bidding
India's largest exchange operator drew bids for more shares than were available as investors assessed a long-awaited, entirely secondary offering.
India wholesale inflation reaches 9.92% as fuel costs accelerate
India's August wholesale inflation rose to 9.92%, with fuel, food and manufactured-goods costs all increasing faster than a year earlier.
India launches Demat 2.0 for tokenized bonds and digital rupee settlement
SEBI and RBI have opened an institutional pilot that records corporate bonds on distributed ledgers and settles payment through the wholesale digital rupee.
Arya.ag tests Avalanche ledger for India’s grain-backed loans
The Indian agricultural platform is testing digital warehouse receipts on a dedicated Avalanche network, with three banks reported to be joining the pilot.
Coindcx Launches $11M Anti-Fraud Initiative After Court Clears Founders In Impersonation Case
CoinDCX is investing $11 million to combat crypto fraud after its founders were cleared in an impersonation-related case. The exchange plans to address phishing and fake websites through a new Digital Suraksha Network. The move highlights rising concerns around user safety as India’s crypto market continues to grow.
India’s crypto industry renews tax reform push as February budget nears
Indian crypto platforms are urging the government to revisit high transaction taxes and loss restrictions ahead of the February budget. Exchanges argue that tighter compliance is already in place, but tax friction is pushing liquidity offshore. Industry leaders say targeted tax reforms could boost onshore activity while supporting enforcement goals.
Reserve Bank of India warns that regulating crypto could legitimize risky assets, delays comprehensive rules
The Reserve Bank of India (RBI) is holding back on comprehensive crypto regulations, warning that formal rules could legitimize digital assets and create systemic risks. While India currently imposes a 30% tax on crypto gains and strict registration requirements for exchanges, it still leads the world in crypto adoption, according to Chainalysis. Despite strong adoption metrics, officials and industry leaders say India faces a paradox between rising interest and limited real-world usage.