Author: Soham Halder
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The Reserve Bank of India (RBI) continues to take a cautious approach towards cryptocurrencies, even as it supports technologies such as distributed ledgers and tokenization, RBI Governor Sanjay Malhotra said today (October 3, 2026). Speaking at the Kautilya Economic Conclave in New Delhi, Malhotra said concerns around crypto include monetary policy, monetary sovereignty and the “singleness of money”. At the same time, he said India is exploring technologies that can improve financial services and address gaps in cross-border payments. Malhotra’s comments underline the distinction between cryptocurrencies themselves and the technology behind them. While the RBI remains concerned about the potential…
ZebPay’s H1 2026 data shows a younger and more geographically diverse crypto audience in India. Users aged 18–24 made up nearly half of new registrations, while Tier-2 and Tier-3 cities contributed around 62%. India’s crypto user base is showing a noticeable generational shift, with younger investors making up a large share of new registrations in the first half of 2026. More than 1.2 lakh users joined ZebPay between January and June, and people aged 18 to 24 accounted for nearly half of those new registrations, according to the exchange’s H1 2026 report. The report suggests that younger participants are not…
The Latest ED Probe Highlights the Growing Compliance Challenges Facing Crypto Platforms The Enforcement Directorate has identified alleged FEMA violations exceeding ₹2,500 crore during a probe into crypto-linked cross-border transfers involving several Bengaluru-based firms. The investigation focuses on virtual digital asset transactions, compliance lapses and potential misuse of crypto infrastructure for international fund movement. How the Alleged Rs. 2,500-Crore Crypto Transfer Network Operated The agency said the entities offered ‘on-ramp’ and ‘off-ramp’ services, which allowed users to convert conventional currencies into crypto assets and vice versa. Investigators alleged that customers deposited funds into company accounts, which were then used to…