India

AML / KYC

ByBit Pays $1m Penalty to Re-enter Indian Crypto Market

By Nithya Subramanian | 10/02/2025

Bybit has paid a penalty and registered with FIU-IND, after having suspended services in India last month.

Capital / Liquidity

RBI Cuts Interest Rates and Defers New Banking Rules

By Manesh Samtani | 08/02/2025

The interest rate cut is the first in nearly five years. Implementation of three major banking regulations will be deferred.

Fintech / Regtech

SEBI Allows Brokers to Offer Algo Trading to Retail Investors

By Nithya Subramanian | 07/02/2025

Brokers must obtain stock exchange approval for each algorithm, and any subsequent modification, to offer it to retail investors.

Securities / Derivatives

India to Introduce New Tax Incentives to Boost GIFT City

By Nithya Subramanian | 06/02/2025

The government aims to make it easier for offshore funds including ETFs to establish operations in GIFT City.

Securities / Derivatives

BSE Launches Sensex Derivative Contracts at GIFT City

By Nithya Subramanian | 06/02/2025

BSE has launched USD-denominated Sensex derivatives at India INX, providing global investors a 22-hour trading window

Crypto / Digital Assets

MobiKwik, Cred Become First Non-Banks to Offer CBDCs in India

By Nithya Subramanian | 05/02/2025

The e-rupee wallets allow users to send funds to and receive funds from other e-rupee wallets as well as regular bank accounts using UPI.

Crypto / Digital Assets

Indian Government Reviewing Stance on Cryptocurrencies – Report

By Nithya Subramanian | 05/02/2025

The government is planning to review a discussion paper on cryptocurrencies it had initially planned to release last September.

Securities / Derivatives

SEBI Proposes Mandatory Digital Assurance Reporting for Companies

By Nithya Subramanian | 05/02/2025

The proposal aims to enhance transparency, strengthen disclosure standards, and strengthen enforcement mechanisms, SEBI said.

Fintech / Regtech

SEBI Proposes to Assign Unique UPI Handles for Securities Market

By Nithya Subramanian | 04/02/2025

Assigning unique UPI handles to SEBI-registered market intermediaries will allow investors to verify that their payments are going to authorised entities