RBI Governor Sanjay Malhotra reiterated India's cautious stance on cryptocurrencies due to concerns over monetary sovereignty and capital flows, while actively promoting underlying technologies like distributed ledger technology and tokenisation. He also addressed the global rise in public debt and hardening bond yields, attributing it to increased government and private spending, including that driven by AI, and noted the implications of global interest rates on India's monetary policy.
Crypto can rise or fall for many reasons. Here's a simple guide to what gives digital assets value and drives their prices.
Indian crypto exchanges and companies have expressed strong support for the Central Board of Direct Taxes' (CBDT) new Crypto Asset Reporting Framework (CARF), which mandates reporting and due-diligence obligations for crypto service providers on all transactions starting 2026.
The Central Board of Direct Taxes (CBDT) has released a 198-page guidance note to assist crypto-asset service providers in complying with reporting obligations under the Income-tax Act, 2025, aligning India with the OECD's Crypto-Asset Reporting Framework (Carf) for automatic exchange of tax information.
The US push for clearer crypto rules is putting pressure on India to fill its own regulatory gap for virtual digital assets.
Telangana police have arrested two individuals from Andhra Pradesh in connection with a large-scale cryptocurrency investment fraud. The accused allegedly operated a Ponzi scheme through a fake website, cheating around 500 victims of over Rs 10 crore by promising to double investments and offering commissions for recruiting new members.
Two men have been arrested for allegedly cheating a 19-year-old Delhi resident of cryptocurrency worth around Rs 2 lakh after gaining unauthorised access to his crypto wallet through social media.
The Enforcement Directorate has summoned the two sons of Karnataka Congress MLA N A Haris for questioning in a crypto currency-linked money laundering case. The case involves hacking websites, stealing bitcoins, and selling virtual digital assets, with the Nalapad brothers previously denying wrongdoing and alleging political vendetta.
The Enforcement Directorate has arrested Rakesh Kumar Gupta, Chairman of Sadhna Group, in a money laundering case linked to alleged irregularities in IBC processes. He is accused of engineering insolvency to settle significant Income Tax dues for a fraction of the amount, receiving cash via crypto/hawala, and share manipulation. The alleged proceeds of crime total Rs 168 crore, and Gupta has been remanded to five days of ED custody.
WazirX founder Nischal Shetty stated, "We have outdone ourselves, but it is a journey we are still on, and there is a long way to go," reflecting on the cryptocurrency exchange's year-long journey since restarting operations after a cyberattack and restructuring.
The Enforcement Directorate has arrested three individuals, including an alleged crypto hacker named Srikrishna Ramesh, in connection with a cryptocurrency-linked money laundering case. The arrests follow raids conducted in April, targeting individuals linked to the hacker and sons of a Karnataka Congress MLA.
The Enforcement Directorate (ED) is shifting its focus to emerging financial crimes such as cryptocurrency fraud, terror financing, cyber-enabled crimes, and narcotics trafficking, according to Director Rahul Navin. The agency reported a high conviction rate and significant asset restitution to victims of financial fraud.
Patrice Caine, Chairman and CEO of Thales, highlighted Artificial Intelligence as both a major cybersecurity challenge, accelerating attack speed and autonomy, and a crucial tool for defenders. He also warned about quantum computing's future threat to encrypted data. Thales introduced new AI-powered solutions like Luna 8 and CipherTrust DSPM at its Cyber Summit 2026 to combat these evolving threats.
A 68-year-old Mumbai resident was defrauded of Rs 7.21 crore by cyber criminals who threatened her with false accusations of money laundering and terror funding. The fraudsters coerced her into transferring funds to bank accounts and a cryptocurrency wallet after impersonating officials from various agencies.
The Gujarat CID Crime has dismantled an international cryptocurrency network worth Rs 226 crore, revealing links to a front organisation of the terror group Hamas. Nine individuals have been arrested in connection with the syndicate, which is implicated in cyber fraud, narcotics, and terror funding.
Enforcement agencies have highlighted risks related to money laundering and terror financing, prompting closer scrutiny of crypto platforms operating in India.
India has denied making any payments to Iran to secure safe passage for its vessels through the Strait of Hormuz, following reports that Indian vessels were fired upon in the region.
Gujarat CID has arrested Rafiqul Alam, the alleged 'mastermind' behind 1,090 cybercrimes totalling Rs 1,071.5 crore, who was found to have links with China-based criminals and converted illicit funds into cryptocurrencies.
SEBI Chairman Tuhin Kanta Pandey stated that cybersecurity is now a board-level concern, not just an IT challenge, emphasising the need for caution when deploying artificial intelligence in critical infrastructure. He highlighted that AI for cybersecurity must be secure, governed, and accountable, and also addressed the emerging risks from quantum computing, urging collective resilience and sharing of best practices among regulators.
A prominent Pakistani Islamic scholar, Mufti Muhammad Taqi Usmani, has issued a fatwa declaring cryptocurrency trading "haram" under Islamic law. This ruling, which covers various digital assets including Bitcoin and stablecoins, states that they do not meet the Islamic definition of wealth, potentially impacting crypto adoption despite the government's efforts to regulate and promote the sector.
A "petrol langar" offering free fuel coupons in Chandigarh was postponed due to heavy rains, leading to disappointment among a large crowd that had gathered. The organiser, Rakesh Trehan, known as "Raja D King," rescheduled the event and plans to distribute coupons for three days.
Rajasthan Police have arrested a man allegedly involved in a large-scale fraud that collected crores in funds from people under the pretext of luxury car sales, cryptocurrency, and social media-based investment schemes.
Mirroring the traditional hawala system, where money is sent through non-banking channels, this digital version uses the anonymity of unregulated cryptocurrency to erase the financial trail and inject cash into the domestic economy.
A 44-year-old man from Thane has been booked for allegedly defrauding seven investors of Rs 1.61 crore by promising high returns on cryptocurrency investments.
Quantum computing is set to redefine artificial intelligence, cybersecurity, and scientific discovery, promising unprecedented speeds and capabilities while also necessitating urgent development of quantum-safe security measures and strategic enterprise readiness, says Sunil Varghese.
Under the new rules, users must take a "live selfie" using software that verifies their presence, typically through eye-blinking or head movement. The measure helps prevent the use of static photos or deepfakes.
The Delhi High Court denied anticipatory bail to a man accused in an organised cyber fraud case involving the transfer of approximately Rs 1 crore in cryptocurrency. The court emphasised the need for custodial interrogation to unearth the larger conspiracy and recover the cheated amount.
Is Bhutan merely experimenting with digital finance -- or is the Himalayan kingdom punching far above its weight, quietly playing one of the most sophisticated strategic games in Asia today? asks Varun Arya.
"Taxpayers with income from shares, mutual funds, crypto, ESOPs, or derivatives often incorrectly use ITR-1 instead of ITR-2 or ITR-3."
Investors should be mindful of the high volatility in cryptos: Bitcoin has fallen more than 80 per cent in past corrections.
Haryana Police busted a fake international call centre in Panchkula, arresting 21 individuals for defrauding US citizens by posing as employees of a leading e-commerce company.
Crypto thefts in 2025 had already crossed $2.17 billion before last week's $44 million CoinDCX hack, underlining relentless cyber threat escalation in the digital currency world, according to the latest data. Blockchain analytics platform Chainalysis' 2025 crypto crime mid-year update says that over $2.17 billion was stolen from cryptocurrency services so far in 2025, and "this year is more devastating than the entirety of 2024".
A Delhi court granted bail to a former accounts officer accused of swindling more than 2 lakh Swiss francs from India's Permanent Mission in Geneva to fund his crypto-gambling ventures.
A Delhi court granted bail to a former accounts officer accused of swindling more than 2 lakh Swiss francs from India's Permanent Mission in Geneva to fund his crypto-gambling ventures.
Market downturns or regulatory shifts can reduce liquidity, making it harder to buy or sell assets when needed.
Haryana Police have dismantled a fraudulent international call centre in Panchkula, arresting 21 individuals involved in scamming US citizens by impersonating employees of a major e-commerce company.
A wellspring fuelling the CJP tsunami is the high levels of youth unemployment. Millions of youngsters, including extremely over-qualified people, apply in desperation for any job that is advertised. No government has been able to deliver on this front and things may get worse as artificial intelligence enters the workforce, points out Devangshu Datta.
The accused had links with six persons, arrested on November 3 from Morbi, Surendranagar, Surat and Amreli districts, for allegedly routing Rs 200 crore to Dubai-based cybercriminals using nearly 100 mule accounts, the release said.
Delhi Police have dismantled a cyber fraud racket involving malicious mobile applications, arresting two individuals, including the alleged mastermind from Uttar Pradesh. The accused developed and supplied 'FUD' APK files to cyber fraudsters across the country, enabling them to gain remote access to victims' phones and siphon off money.
A trends study conducted by India's Financial Intelligence Unit (FIU) has expressed suspicion that cryptocurrency is being used across the country in serious criminal acts like terrorist financing, fuelling secessionist activities, cybercrime, narcotics trafficking, illegal betting and gambling. The report, which was based on suspicious transaction reports and operational analysis, shared these trends and credible intelligence with law enforcement agencies.
