Author: Simran Mishra

Crypto Exchanges Must Verify Tax Residency and User Details Under CBDT Rules From 2026 to Improve Transparency The Central Board of Direct Taxes (CBDT) has come up with a new Crypto Reporting Framework. It introduces clear rules for Indian crypto exchanges in terms of reporting crypto transactions. The new guidelines will apply from the 2026 calendar year and aim to improve tax transparency without changing the current crypto tax system. Under the new framework, crypto exchanges and other crypto service providers must identify users who need to be reported. They must also verify each user’s tax residency and collect the…

UK Court Hears Crypto Scam That Allegedly Used Fake Police Calls, One Victim Lost Over £300K as CJ Ujah Pleads Not Guilty

OECD CARF Alignment Gives India Better Crypto Transaction Tracking as Industry Expects Clearer Digital Asset Rules India has strengthened oversight of the cryptocurrency sector after the Central Board of Direct Taxes issued fresh guidance for crypto reporting under the Income Tax Act. The move focuses on stronger tax compliance while signaling that a broader policy for virtual digital assets could follow in the coming months. The guidance operationalizes the OECD’s Crypto Asset Reporting Framework, bringing India closer to global tax transparency standards. Crypto exchanges and other virtual digital asset service providers must now follow detailed reporting requirements, allowing tax authorities…

ED Seizes Rs. 3 Crore, Tracks Crypto Wallets, Offshore Accounts in Global Drug Money Probe The Enforcement Directorate (ED) has arrested Dubai based Indian national Nihal V.N. for allegedly operating a crypto hawala network that helped international drug syndicates move illicit money across borders. Officials produced him before a Special PMLA Court in Goa, which granted the agency seven days of custody until July 28 for further investigation. Investigators alleged that Nihal worked as a major financial link for narcotics groups active across several countries. The agency claimed he converted cash generated from drug sales in India into cryptocurrency and…

Finance Panel Backs Self-Regulatory Organizations (SRO) as Interim Step to Protect India’s 12 Crore Crypto Investors Before VDA Law India’s Parliamentary Standing Committee on Finance has asked the government to bring a clear VDA framework for Virtual Digital Assets, including cryptocurrencies. The panel said the fast-growing market needs proper laws to protect investors and remove confusion around digital assets. The recommendation came in the committee’s report on the proposed Securities Market Code. According to the panel, crypto assets remain outside a dedicated legal framework, even though the government already taxes them and monitors transactions under anti-money laundering rules. This gap…

NIA Says Recruits Were Told To Create Fake IDs, Buy Weapons, Travel Abroad For Terror Training

WazirX Sees 300% Jump in Futures Trading as Returning Crypto Investors Boost Market Confidence India’s crypto investment landscape is expanding beyond major cities as millennials from smaller towns continue to drive cryptocurrency adoption. WazirX’s latest 2026 report reveals that more than 82% of its verified users now belong to non-metro India, highlighting a major shift in the country’s digital asset market. The findings also suggest investor confidence has improved steadily since the platform resumed operations earlier this year. The report shows crypto participation no longer revolves around Bengaluru, Mumbai, Delhi, or Hyderabad. Growing internet access, stronger digital payment infrastructure, and…

Bitcoin is no longer a topic confined to tech forums and finance blogs. It comes up at family dinners, in office chats, and on prime-time news. Yet for most beginners, the actual mechanics behind it stay fuzzy. Words like blockchain, mining, and wallets get used casually, without much explanation of what they mean or why they matter. This guide walks through Bitcoin from the ground up. It covers what Bitcoin is, how it came into existence, how the network functions behind the scenes, and what a new investor should know before putting money into it. Treat it as a starting…

Fake Crypto Website Showed Profits to Win Trust Before Victim Lost Rs 83.22 Lakh in Investment Scam Panchkula Police have arrested two more people in a high-profile Rs. 83.22 lakh crypto fraud case. With these arrests, the total number of accused in the case has reached four. The investigation is still going on and police are searching for more people linked to the scam. The two accused have been identified as Vishnu, also known as Billa, from Fatehabad and Surya from Hisar. Both of them have been sent to judicial custody. Earlier, police had arrested Deepak and Sunil Kumar and…

SEBI, BSE, NSE Experts Join Maharashtra Panel to Shape India’s First Property Tokenization Law Maharashtra has started preparing the DELTA Act, a proposed law that could introduce India’s first legal framework for property tokenization. The state government wants to use blockchain technology to create digital tokens linked to land and real estate. This will make property transactions more modern and organized. Chief Minister Devendra Fadnavis recently reviewed the proposal in Mumbai and asked officials to prepare the draft law. The government believes the initiative can help Maharashtra move closer to its goal of becoming a $1 trillion economy by 2030.…