AVAX is trading near $9.70 and remains capped below $10, even as U.S. digital commodity classification, protocol upgrades, subnet expansion, and RWA activity strengthen Avalanche’s underlying fundamentals.
India's FIU-IND annual report reveals 49 crypto exchanges registered under AML laws, with total penalties of ₹28 crore ($3.37M). Binance fined ₹18.82 crore, Bybit fined ₹9.27 crore. India opts for strict compliance over ban, attracting global platforms despite penalties.
Hybrid crypto exchanges blend centralized matching speed with decentralized on-chain settlement, allowing users to trade fast without giving up custody of their assets.
India's Parliamentary Standing Committee on Finance met Binance, WazirX, and ZebPay today for a closed-door hearing on virtual digital asset regulation, with hopes for a 'Crypto Tax 2.0' reform.
India's MeitY issued an ISP-level block against Polymarket under new online gaming rules, classifying it as illegal money gaming. Kalshi may face similar action by May 23. Regulators also met with Binance, WazirX, and ZebPay this week.
Statista projects India’s crypto user base will rise from 93 million in 2023 to 127 million in 2026, while market revenue is expected to hit $10.4 billion despite a 30% tax and 1% TDS regime.
Indian exchange CoinDCX launches CoinDCX Zero with zero brokerage on crypto options, aiming to ease tax burdens. Founder Sumit Gupta hints at AI-driven features and an internal Crypto×AI hackathon.
Coinbase rolls out direct INR transfers in India, enabling IMPS-based instant deposits and withdrawals, alongside spot and perpetual trading with local order books, after FIU-IND registration.
