Author: Simran Mishra

Crypto Tax Filing in India Requires Schedule VDA, 30% Tax, 1% TDS and Complete Transaction Records India’s cryptocurrency market continues to grow, although following tax rules has become just as important as earning profits. Recent government findings show that many crypto investors have not reported their digital asset transactions correctly. Tax officials have now increased their focus on crypto trading, making proper reporting an important part of every investment. Government documents reviewed by Reuters show that the Reserve Bank of India still supports a cautious approach toward cryptocurrencies. Trading remains legal under current tax laws, although future regulations could change…

Lucknow Police Uncovered an Alleged Cash-to-Crypto Racket and Arrested 9 People Accused of Moving Cyber Fraud Money Through Mule Accounts & USDT Lucknow police have arrested nine people for their alleged role in a cash-to-crypto racket that helped move money stolen through cyber fraud. The investigation found that the group used mule accounts to collect the money before converting it into USDT and sending it to digital wallets linked to foreign cyber criminals. Police believe the accused worked as money handlers for overseas fraud groups instead of directly cheating people. The case came to light during Operation CY VAJRA, when…

The ED has launched fresh raids across West Bengal in a crypto investment fraud investigation linked to a chit fund scam, money laundering, and suspected Dubai connections. The case shows how fake crypto schemes continue to target investors across India. The Enforcement Directorate (ED) carried out raids at several places across West Bengal as part of an investigation into an alleged crypto investment fraud and money laundering case.  The agency searched houses and business locations linked to people accused of cheating investors through cryptocurrency schemes, fake stock market training programs, and chit fund scam operations. Officials believe the group collected…

One Fake Approval Was Enough to Steal $999,999 in USDT from an Ethereum Wallet: Latest Phishing Attack Shows Why Checking Every Token Approval Matters Before Signing Any Transaction A crypto user lost $999,999 after one fake approval on the Ethereum network in a major USDT phishing attack. Blockchain records show the attacker never stole the wallet’s private keys. Instead, the victim signed a malicious token approval that allowed the attacker to move the USDT from the wallet. Data from Ethereum shows the stolen funds moved via three transactions in blocks 25489460 and 25489463. The transfers happened only minutes after the…

RBI Digital Rupee Pilots and Blockchain Startups Push India’s Fintech Beyond Payments and Into Trusted Finance India’s fintech industry has already changed how people send and receive money. Fast digital payments have become common across the country. Now, startups are focusing on making every financial process safer and easier to trust. Instead of replacing banks or UPI, blockchain is helping improve the systems that work behind every payment. Government data shows that UPI handled more than Rs. 314 lakh crore in transactions during FY 2025-26. More than 700 banks now support the platform. This success has encouraged fintech startups to…

Ripple XRPL v3.2.0 Cuts Memory Use by Up to 40% as fixCleanup3_2_0 Awaits Validator Approval Ripple has taken another step in improving the XRP Ledger with the launch of XRPL v3.2.0. The update became available more than three weeks ago and brings better performance, stronger security, and lower operating costs. Even so, many node operators have not switched to the new version, showing that large blockchain upgrades often take time to spread across the network. According to the latest network data, 357 out of 828 Ripple Nodes now run XRPL v3.2.0. This equals about 43% of all nodes on the…

RBI Warns Banks Against Crypto Exposure as Offshore Trading and Tax Risks Remain Under Government Review India has yet to make a final decision on cryptocurrencies, despite ongoing discussions for many years. New government documents show that the Reserve Bank of India still supports a crypto ban, while the Income Tax Department believes that crypto trading through offshore platforms creates serious tax challenges. The government has not announced a final policy, although key departments continue raising concerns about digital assets. According to documents reviewed by Reuters, the Reserve Bank of India wants a policy that moves closer to banning private…

India’s crypto market is changing as Crypto Futures now lead Spot Trading, with Tier 2 India driving strong growth. More traders are choosing Crypto Derivatives and Altcoin Trading as the market expands. India’s crypto market is changing quickly as Crypto Futures trading becomes more popular than Spot Trading. New data from crypto exchange Giottus shows that crypto derivatives made up 57.22% of total trading volume between September 2025 and May 2026. Spot trading accounted for 42.78%, indicating that more traders now prefer futures to direct crypto buying and selling. The report studied trading activity from Giottus’ 1.3 million users and…

India’s Rs. 2,500 Crore Crypto Regulation Case has Reignited the Debate Over FEMA, USDT, Stablecoins, and Cross-Border Crypto Rules: Will India Finally Introduce a Dedicated Crypto Law? India’s crypto industry is going through yet another period of uncertainty after the Enforcement Directorate launched a major investigation into alleged unauthorized cross-border transfers involving stablecoins.  The latest probe focuses on more than Rs. 2,500 crore that investigators claim moved outside India through cryptocurrency payment channels without approval from the Reserve Bank of India. While authorities froze nearly Rs. 6 crore in bank assets, the investigation has not resulted in any arrests so…

ED Says Sriki Used Stolen Crypto, Gaming Platforms, and Global Exchanges to Hide Illegal Money Trail The Enforcement Directorate (ED) has taken a major step in a Bitcoin fraud case by filing a 3,500-page chargesheet against hacker Srikrishna Ramesh, also known as Sriki, cryptocurrency trader Robin Khandelwal, and businessman Sunish Hegde. The agency submitted the chargesheet before a special court in Bengaluru under the Prevention of Money Laundering Act (PMLA). The ED says the three accused worked together in a large network that involved hacking, cryptocurrency laundering, and darknet activities. The chargesheet also names a private company and two more…