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Coinswitch was founded in 2017 by Ashish Singhal, Govind Soni, and Vimal Sagar. Initially, the platform operated as an exchange for global investors due to the Reserve Bank of India's (RBI) restrictions on cryptocurrency trading in India, [5] imposed in April 2018.
The legal status of cryptocurrencies varies substantially from one jurisdiction to another, and is still undefined or changing in many of them. [1] Whereas, in the majority of countries the usage of cryptocurrency isn't in itself illegal, its status and usability as a means of payment (or a commodity) varies, with differing regulatory implications.
India-based WazirX, a cryptocurrency exchange was hacked in early days of July 2024, leading to the loss of approximately $234.9 million (around Rs 2000 crore) in investor funds. [ 1 ] [ 2 ] The exchange ceased to operate on 18 July 2024.
The crypto exchange's move comes amid a broader industry push to lobby lawmakers for a regulatory framework to support the sector's growth. Most traditional U.S. banks have steered clear of ...
(Reuters) - Video sharing platform and cloud services provider Rumble said on Friday it has entered into an agreement with Tether, a blockchain-enabled platform, to receive a strategic investment ...
A cryptocurrency exchange can typically send cryptocurrency to a user's personal cryptocurrency wallet.Some can convert digital currency balances into anonymous prepaid cards which can be used to withdraw funds from ATMs worldwide [1] [2] while other digital currencies are backed by real-world commodities such as gold.
The California mom who pleaded guilty to running an organized retail crime ring that stole millions of dollars in beauty products from Ulta Beauty and Sephora to resell on Amazon will now have to ...
In July 2022, according to data shared by the Union government in Parliament, only 23 people have been convicted in 5,422 cases registered under the Prevention of Money Laundering Act (PMLA) [18] in the 17 years after the law was passed—a conviction rate of less than 0.5%. Due to low conviction rate and the people against which the PMLA has ...