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Gemini to invest $24 million in India despite ongoing legal woes. Assessing…
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New York-based cryptocurrency exchange Gemini said it has plans to invest Rs. 200 crore ($24 million) in India over the next two years. The exchange will use these funds to grow its technology development center in Gurgaon, a major financial metropolis in India. It also plans to double its workforce in the Gurgaon office from 70 to more than 150 employees.
The firm cited the Indian government’s Startup India initiative and the recent moon landing to make the case for this investment in its India office. The crypto firm set up its office in Gurgaon in April only as part of its Asia-Pacific (APAC) expansion plans. Besides the U.S., it has offices in the United Kingdom, Singapore, and Ireland as well.
The U.S. government’s less-than-receptive policy toward crypto is pushing many crypto firms to move to other crypto-friendly regions. Two weeks earlier, Chainalysis placed India at the top position in its 2023 Global Crypto Adoption Index. The country has seen its crypto sector getting popular and widespread with time.
However, things are not so pleasant for crypto firms or retail traders in India. India had listed the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 for discussion in the parliament. The bill was designed to lay the groundwork for the introduction of digital currency in the country. But it couldn’t be legislated.
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India has a basic crypto policy framework but it is not formulated in great detail. Last year, the South Asian country introduced taxes in regard to crypto trading. It has a 1% tax deducted at source (TDS) that applies to every crypto transaction. It also has a 30% capital gains tax for profits made through crypto trading.
Though not as combative towards crypto as the U.S., the Indian regulator has time and again criticized the crypto industry for its many failures.
During a business summit held in January 2023, the central bank’s governor Shaktikanta Das called for a ban on crypto. India’s finance minister Nirmala Sitharaman was however less hostile as she believed that there should be a global consensus on crypto regulation.
India recently hosted the G20 summit that concluded early this month. During the summit, the member countries’ intervention led to the International Monetary Fund (IMF) and the Financial Stability Board (FSB) recommending a comprehensive and standard framework for crypto. The paper called for comprehensive and standard policies, instead of blanket bans, for safeguarding customers against crypto.
Meanwhile, Gemini was still seen engaged in legal battles on two fronts— with the U.S. regulator, and its parent company, Digital Currency Group (DCG).
In January, the Securities and Exchanges Commission (SEC) sued the firm for allegedly offering unregistered crypto securities. In May, the exchange moved to court to have the lawsuit dismissed.
Gemini itself sued its parent company, DCG, in July as DCG’s subsidiary, Genenis, filed for bankruptcy a few months earlier in January. Gemini claimed that DCG misinterpreted financial statements to recover Gemini Earn funds from Genesis. In August, DCG moved to court to have Gemini’s lawsuit dismissed.
Amidst such intricate circumstances, it is critical for us to see how the crypto firm implements its expansion plans in other countries.
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robertalfred175
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14.10.25 08:46
robertalfred175
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14.10.25 08:46
robertalfred175
CRYPTO SCAM RECOVERY SUCCESSFUL – A TESTIMONIAL OF LOST PASSWORD TO YOUR DIGITAL WALLET BACK. My name is Robert Alfred, Am from Australia. I’m sharing my experience in the hope that it helps others who have been victims of crypto scams. A few months ago, I fell victim to a fraudulent crypto investment scheme linked to a broker company. I had invested heavily during a time when Bitcoin prices were rising, thinking it was a good opportunity. Unfortunately, I was scammed out of $120,000 AUD and the broker denied me access to my digital wallet and assets. It was a devastating experience that caused many sleepless nights. Crypto scams are increasingly common and often involve fake trading platforms, phishing attacks, and misleading investment opportunities. In my desperation, a friend from the crypto community recommended Capital Crypto Recovery Service, known for helping victims recover lost or stolen funds. After doing some research and reading multiple positive reviews, I reached out to Capital Crypto Recovery. I provided all the necessary information—wallet addresses, transaction history, and communication logs. Their expert team responded immediately and began investigating. Using advanced blockchain tracking techniques, they were able to trace the stolen Dogecoin, identify the scammer’s wallet, and coordinate with relevant authorities to freeze the funds before they could be moved. Incredibly, within 24 hours, Capital Crypto Recovery successfully recovered the majority of my stolen crypto assets. I was beyond relieved and truly grateful. Their professionalism, transparency, and constant communication throughout the process gave me hope during a very difficult time. If you’ve been a victim of a crypto scam, I highly recommend them with full confidence contacting: 📧 Email: [email protected] 📱 Telegram: @Capitalcryptorecover Contact: [email protected] 📞 Call/Text: +1 (336) 390-6684 🌐 Website: https://recovercapital.wixsite.com/capital-crypto-rec-1
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15.10.25 18:07
crypto
Cryptocurrency's digital realm presents many opportunities, but it also conceals complex frauds. It is quite painful to lose your cryptocurrency to scam. You can feel harassed and lost as a result. If you have been the victim of a cryptocurrency scam, this guide explains what to do ASAP. Following these procedures will help you avoid further issues or get your money back. Communication with Marie ([email protected] and WhatsApp: +1 7127594675) can make all the difference.
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15.10.25 21:52
harristhomas7376
"In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1
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15.10.25 21:52
harristhomas7376
"In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1
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