Jai Sahu, Author at Coinroot

Financial Penalty Imposed by India’s FIU The Financial Intelligence Unit (FIU) of India has levied a substantial fine of $2.2 million (approximately Rs 18.82 crore) on Binance, the largest global cryptocurrency exchange. Conditional Approval Granted to Restart Services Binance has received conditional approval from India’s anti-money laundering agency to restart its operations in India, following […]

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Renewed Leadership in India’s Finance Ministry India recently wrapped up its general elections on June 1, with results paving the way for Narendra Modi’s third consecutive term as Prime Minister. Nirmala Sitharaman, now re-assigned as the finance minister after her initial stint in 2019, rejoins Modi’s cabinet. The Indian crypto community offers varied responses to […]

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GoPlus is developing a permissionless, modular Web3 cybersecurity layer that can integrate with any blockchain network. The company also plans to launch a token for gas fees and to incentivize developers to use GoPlus services. Web3 cybersecurity firm GoPlus has secured $10 million in a private financing round, attracting top crypto investors like OKX Ventures, […]

PayPal today announced that its PayPal USD (PYUSD) stablecoin now runs on Solana. In a Wednesday announcement, the payments platform said that the move would bring “significant benefits for commerce use cases.” Solana is the blockchain network behind the fifth biggest cryptocurrency by market cap, SOL. It aims to compete with Ethereum by providing a […]

Portuguese football superstar Cristiano Ronaldo has launched his fourth non-fungible token (NFT) collection in collaboration with Binance, the world’s largest cryptocurrency exchange. The new collection, set to debut on May 29 on the Binance NFT Marketplace, will celebrate Ronaldo’s career under the theme ‘Forever Worldwide: The Road to Saudi Arabia’. The collection chronicles Ronaldo’s journey […]

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Table of Contents Massive Bitcoin Seizure in London Mansion Raid Valued at £3 Billion Advocacy for UK-China Diplomatic Talks A recent Financial Times article disclosed the sentencing of Jian Wen, a British-Chinese woman, to six years and eight months in jail for her role in laundering Bitcoin (BTC) tied to a £5 billion scam in […]

The U.S. House of Representatives on Wednesday approved a bill aimed at establishing a new legal framework for digital currencies, despite an unusual warning from the U.S. securities regulator about potential financial risks. The Financial Innovation and Technology for the 21st Century Act, sponsored by Republicans, passed with a bipartisan 279-136 vote. It remains uncertain […]

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Brazil’s central bank introduced a multi-phase plan on Monday to regulate crypto and virtual asset service providers, with plans to finalize these regulatory proposals by the end of this year. These new regulations will set rules to ensure greater transparency regarding the potential benefits and risks of these investments, according to the bank. They chose […]

Crypto assets backed by fiat currencies could be regulated by the Reserve Bank of India (RBI), according to separate documents. The Securities and Exchange Board of India (SEBI) has suggested that multiple regulators oversee cryptocurrency trading, showing openness to the use of private virtual assets. This stands in contrast to the Reserve Bank of India […]

Indian authorities are actively working to bring all cryptocurrency exchanges operating in India under stringent Anti-Money Laundering (AML) and Countering Financing of Terrorism (CFT) guidelines to enhance compliance and oversight in the burgeoning digital asset market. The Indian government’s Financial Intelligence Unit (FIU) has recently granted Binance and KuCoin, two major offshore cryptocurrency exchanges, the […]

Author: Jai Sahu

Crypto Exchange Binance to Pay $2.25M Fine From India’s FIU

India’s Finance Minister’s Return Leads to Crypto Tax Speculation

Web3 Cybersecurity Company GoPlus Raises $10M to Build Permissionless Security Layer

PayPal USD Stablecoin Now Available on Solana Blockchain

Cristiano Ronaldo Unveils Fourth NFT Collection with Binance

𝗨𝗞 𝗪𝗼𝗺𝗮𝗻 𝗝𝗮𝗶𝗹𝗲𝗱 𝗳𝗼𝗿 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗟𝗮𝘂𝗻𝗱𝗲𝗿𝗶𝗻𝗴 𝗟𝗶𝗻𝗸𝗲𝗱 𝘁𝗼 $𝟲.𝟰 𝗕𝗶𝗹𝗹𝗶𝗼𝗻 𝗖𝗵𝗶𝗻𝗮 𝗙𝗿𝗮𝘂𝗱

US House Passes Crypto Bill Despite Warnings from SEC

Brazil Central Bank Plans to Finalize Crypto Regulations by End of the Year

SEBI Open to Oversight of Crypto Trade, in Contrast to Reserve Bank of India

FIU Steps Up AML and CFT Compliance for Crypto Exchanges in India

Russia Proposes 15% Tax on Crypto and Mining Restrictions

WazirX Plans to Launch New Decentralized Exchange

Binance, Indian Police Bust Energy Scam, Recover $100K USDT

Indian Govt. Officials Probe Crypto Exchange WazirX's $234M Hack

Dubai's VARA Updates Marketing Regulations and Guidelines for VASPs

Germany Shuts Down 47 Crypto Exchanges for Illegal Activities

𝗬𝗼𝘂𝗿 𝗜𝗻𝗱𝗲𝗽𝗲𝗻𝗱𝗲𝗻𝘁 𝗖𝗿𝘆𝗽𝘁𝗼 𝗮𝗻𝗱 𝗚𝗹𝗼𝗯𝗮𝗹 𝗡𝗲𝘄𝘀 𝗔𝗹𝗹𝘆

Coinroot is dedicated to delivering current, accurate, and comprehensive news in the dynamic world of cryptocurrency and global events. We aim to simplify complex crypto-economic concepts for our audience, providing a trusted source of information for crypto enthusiasts and the wider public alike.