A total of 49 crypto currency exchanges, a majority of them based in India, were registered with the Financial Intelligence Unit (FIU) during the 2024-25 fiscal as part of the country's legal regime to mitigate anti-money laundering and terrorist financing risks emerging from this sector, according to a report. Also, a "strategic analysis" of suspicious transaction reports (STRs) generated and furnished by these exchanges to the federal agency found "exploitation" of crypto funds for "serious" criminal activities like hawala (unaccounted) transactions, gambling, scam, fraud and an instance of operating an illegal adult content website. In legal parlance, crypto currency is called Virtual Digital Asset (VDA) and the exchanges that trade them are called VDA Service Providers (VDA SPs). These exchanges were brought under India's anti-money laundering regime (Prevention of Money Laundering Act PMLA) linked reporting system in 2023. Being reporting entities under the PMLA, these exchange
Bitcoin, analysts said, benefited from its safe-haven narrative, short-covering near key levels of $91,500-$93,000, and robust stablecoin inflows
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Until Bitcoin resolves its volatility squeeze and macro liquidity becomes less restrictive, altcoin movements, analysts believe, are likely to remain rotational and tactical,
With clearer regulations and growing institutional involvement, analysts believe, the crypto landscape is poised for transformation in the year ahead.
In its Financial Stability Report, RBI said central bank money must remain the ultimate settlement asset, warning that stablecoins pose macrofinancial risks and can weaken capital controls
As digital assets continue to operate in a tightly regulated environment, the sector, analysts said, has displayed significant resilience, innovation, and growing integration into the broader system
While volatility is expected to persist, it may be less extreme than in previous cycles, with institutional adoption and infrastructure development paving the way for a more stable market
The macroeconomic sentiment for the crypto markets, analysts believe, remains closely tethered to the Federal Reserve's policy path
The broader market reflected the digestion of the Bank of Japan's 25-basis-point rate hike, a move that, analysts said, had been anticipated
Bitcoin News: While the market appears oversold on short-term indicators, analysts said that has not been enough to establish a durable floor
Younger investors continued to dominate activity in the final quarter of the year. On an annual basis, however, the 26-35 age group led, accounting for 45 per cent of all crypto investors
The flagship digital asset now accounts for 8.1 per cent of total holdings, highlighting renewed investor appetite for stability in a market often defined by volatility
CoinSwitch's 2025 report shows non-metro regions now account for over three-quarters of India's crypto activity, led by Uttar Pradesh and strong participation from Tier-2 and smaller cities
Uttar Pradesh led all states, contributing 13 per cent of the total invested value nationwide. Investors in the state displayed a diversified approach in 2025
In the near term, holding $88,000 could allow a relief bounce, while a break lower, analysts believe, may open downside toward $86,000-$87,000
CoinSwitch co-founder says tier-2 and tier-3 cities drive 76 per cent of activity as women investors reach 12 per cent of user base
India's Crypto Use Accelerates Despite Regulatory Uncertainty: Bybit Report
As a utility-driven innovator, the country is witnessing rapid growth in its developer ecosystem alongside millions of users turning to digital assets for savings, remittances, and investments
While equities briefly rallied, the momentum failed to carry over to digital assets