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​​But the reality is that the show cause notice sent by the Financial Intelligence Unit (FIU) to nine offshore virtual digital asset service providers, including Binance, Bitfinex, MEXC Global, and Kraken, for non-compliance under the Prevention of Money Laundering Act (PMLA) likely holds more significance than it might initially seem. It could have implications for …

Demonetisation moment for crypto exchanges? What does it mean for you? Read More »

People familiar with the filing process said issuers that met their end of the year filing revision deadlines may be able to launch by January 10 – the date by which the SEC is required to either approve or reject the Ark/21Shares ETF. The SEC may notify issuers as soon as Tuesday or Wednesday that …

BlackRock, VanEck among asset managers that submitted updated filings for spot bitcoin ETF Read More »

Bankman-Fried had faced six additional charges that had been severed from his first trial, including campaign finance violations, conspiracy to commit bribery, and conspiracy to operate an unlicensed money transmitting business. He had been extradited in December 2022 from the Bahamas, where FTX was based, to face the seven earlier charges.

It’s just like the well-known Pay to Contact, Scan & Pay, and other features, but with a twist. By using NFC, Tap & Pay obtains the Payee UPI ID/VPA instead of the camera. This innovative method simplifies, secures, and expedites your UPI transactions. Note that only mobiles and devices with NFC capability have the access …

UPI Tap and Pay to go live soon: Who can use, how to make payments using UPI tap and pay Read More »

The move may lead to a resurgence in Indian exchanges, they said, as many investors who had shifted to trading on global exchanges to save on tax are expected to return to local ones now.

Enforcement Directorate attaches assets worth over Rs 278 crore, including those linked to China, in a money-laundering probe over alleged cheating of investors. Entities were cheating investors through mobile app “HPZ Token”. Probe based on FIR filed in 2021 alleging thousands of investors were duped with false promise of high returns on Bitcoin mining investments. …

ED attaches Rs 200 crore-plus assets linked to this bitcoin app for duping investors of crores Read More »

While Amazon is one of the largest ecommerce companies in the country, its payment subsidiary has seen limited success amid stiff competition from the likes of Google Pay, Paytm and others. As of November 2023, Amazon has issued around 65.3 million mobile wallets in the country which were used for 3.3 million transactions against goods …

Amazon Pay India FY23 revenue growth remains flat at Rs 2,093 crore, losses down 13% Read More »

Gurugram Police now allows traffic challans to be settled using Paytm, UPI, or other online modes. This initiative aims to boost transparency and convenience. DCP Virender Vij mentioned that traffic violators in Gurugram have paid over Rs 31 crore in fines this year. The use of drones for monitoring lane changes was also introduced to …

Now pay traffic fines with UPI in Gurugram: Here’s how to use Paytm to make challan payments Read More »

CoinDCX Research Team said, “BTC has been moving sideways within the range of $41,900 and $44,500 over the past few days, currently sitting at the incline trendline support. If it sustains at this level, there might be a chance for another touch of the resistance level at $44,500.” Read more here:

Pine Labs majorly deploys point of sales terminals at retail merchant outlets and recently started its online ecommerce payments business too through its payment gateway solutions Plural.In May, Pine Labs chief executive officer Amrish Rau told ET that the company had reported a Rs 1,600 crore revenue last year, clocking positive Ebitda.