Binance, one of the big crypto exchanges, has received a notice to pay GST worth Rs 772 crore in the country. After this Binance has reiterated its commitment to comply with the laws of the country. A notice has been issued to this American exchange by the Directorate General of GST Intelligence (DGGI). earlier this…
The ban on international crypto exchange Binance in India has been lifted. Along with registering with the Financial Intelligence Unit (FIU) in the country, Binance has also paid a fine of $22.5 lakh. This fine was imposed in June due to the exchange’s violation of the Prevention of Money Laundering Act (PMLA). Access to the…
Recently, the Enforcement Directorate (ED) had caught the Fiewin gaming scam of $47.5 million (about Rs 400 crore). American crypto exchange Binance has claimed that its intelligence division had helped a lot in exposing this gaming scam. ED had declared it a fraud after catching suspicious transactions related to the Fiewin gaming platform. Binance has…
The crypto segment has grown rapidly in the country in the last few years. Despite high taxes, investors are increasingly interested in cryptocurrencies. This is the second consecutive year in which India has a high ranking in the world for investment in cryptocurrencies. However, in the last few months, regulators have also taken strict action…
