Author: Kelvin Munene

Amit Lakhanpal, a key accused in the Rs. 113.10 crore Money Trade Coin crypto fraud case, has been arrested in the UAE. Indian authorities have started extradition proceedings, while the ED continues its money laundering probe into the alleged scheme that defrauded investors between 2017 and 2018.

Tamil Nadu’s Economic Offences Wing detained two key accused in the FQL crypto investment fraud case. More than 40,000 complaints have been filed across several districts, while estimated investor losses have crossed Rs. 200 crore.

Sandeep Nailwal has launched a stablecoin-based campaign for Nepal flood relief, enabling global crypto donations through NepalRelief.org. The funds are converted into local currency and directed to the Prime Minister Disaster Relief Fund, with more than $173,000 raised.

India Blockchain Week 2026 will be held in Mumbai on November 1-2 at Fairmont Mumbai. The event will introduce Institutional and Future Asset Forums focused on blockchain adoption, tokenization, AI-linked digital assets and engagement with financial institutions and policymakers.

The US CLARITY Act faces a key Senate procedural vote on September 15 as lawmakers remain divided over parts of the bill. Meanwhile, India continues using taxation, AML rules, and reporting requirements to oversee its crypto sector.

India’s August GST collections rose 14.8% to nearly Rs. 2 lakh crore as import revenue surged. Bitcoin also topped $80,000, but GST data cannot determine whether crypto traders cashed out gains and spent those profits on taxable goods and services.

Tamil Nadu Police have transferred six cases linked to the alleged Rs. 400 crore FQL crypto fraud to the Economic Offences Wing as complaints reportedly reached 40,000. Investigators are tracing USDT transactions, Binance-linked wallets, bank accounts and possible international connections. Tamil Nadu Police have transferred six cases linked to an alleged Rs. 400 crore FQL multi-level marketing and cryptocurrency trading fraud to the Economic Offences Wing. The move came as complaints from investors reportedly rose to about 40,000 across four districts. The cases involve FQL Investment Trading, FQL Exchange App and VG Investment Group Syndicate. Police said the alleged network…

Crypto SIP returns in India depend on market timing, asset choice, investment duration, fees and taxes. Regular purchases reduce timing risk, while XIRR provides a more accurate performance measure. However, market volatility and India’s 30% VDA tax can reduce realised gains. Crypto SIP returns in India can vary widely, even when investors contribute the same amount regularly. Market timing, token selection, fees and taxes shape the final result. A recurring plan spreads purchases across prices, but it cannot guarantee profits. It also cannot protect capital during a prolonged market fall. This applies equally to all investors. Bitcoin’s long-term record has…

The CFTC warns about crypto ATM scams after FBI data shows over $388 million in reported losses during 2025. Losses increased 58%, with people over 50 accounting for more than $302 million. The regulator urges consumers to verify unusual payment requests independently and report suspected fraud. The Commodity Futures Trading Commission warned Americans about crypto ATM scams after reported losses exceeded $388 million during 2025. The regulator’s August 26 alert also covered scammers seeking payments through gift cards, unfamiliar apps and couriers. The FBI’s Internet Crime Complaint Center received 13,460 complaints involving cryptocurrency kiosks last year. Complaints increased 23% from…

Better and Coinbase now offer Bitcoin-backed mortgages to eligible US homebuyers, allowing down payment borrowing without selling BTC. Borrowers must pledge Bitcoin worth at least 250% of their down payment loan. Better can sell the collateral if payments fall 60 days overdue.