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According to a report by Economictimes, due to regulatory crackdowns, there is a severe supply shortage of local stablecoins like USDT in India, causing their premiums in the local market to rise to over 8.5%.The report pointed out that Indian law enforcement had previously taken action against institutions providing cryptocurrency foreign exchange services, cutting off remittance channels commonly used by overseas Indians, which in turn affected the supply of USDT in India. Currently, the trading price of USDT in the local market of India is significantly higher than the international parity level.

Amazon announced plans to invest an additional $13 billion to expand its AI and cloud computing infrastructure in India. Combined with its previously announced $35 billion investment plan in 2025, Amazon's total investment in India will reach $48 billion from 2026 to 2030.It is reported that the new funding will focus on expanding the capacity of AWS data centers located in Mumbai and Hyderabad, providing customized AI chips, AI hosting services, and reliable cloud technology support for local startups, enterprises, and government agencies. In addition, Amazon plans to add more than 20 operational centers and over 100 distribution stations across India this year to deepen its e-commerce and logistics business layout. It is expected that by 2030, Amazon's cumulative total investment in India will exceed $88 billion.

"On-chain detective" ZachXBT published a case analysis stating that in a cryptocurrency asset case involving an Indian scam gang, the relevant individuals reported the case to law enforcement after their assets were frozen, drawing attention. The incident began when a user sought help, claiming that approximately 5.73 BTC (about $475,000) was frozen on Changelly in March 2025.Subsequent on-chain analysis revealed that these funds could be traced back to multiple social engineering attacks and theft cases related to Bitcoin ATMs targeting U.S. users, with a total amount involved exceeding $1 million and several elderly victims. The investigation showed that the individual provided multiple changing explanations for the source of the funds, including "loan," "boss transfer," and "investment from 2014-2015," and there were significant contradictions in the evidence chain.More concerning is that this user had previously filed a police report in India in December 2025, attempting to recover the frozen funds (case number 3207-P/2025). Subsequent on-chain evidence collection and email data analysis indicated that they might be a "mule" for transferring funds, with some bank documents inconsistent with their identity information. ZachXBT noted that such cases demonstrate that social engineering attacks and cross-border fund transfers continue to occur and remind users to avoid interacting with funds from suspicious sources to prevent triggering compliance freezes or legal risks.

According to Cryptopolitan, India's financial intelligence agency has requested three major local cryptocurrency exchanges to provide information on over-the-counter (OTC) cryptocurrency transactions valued at over $10,000.The directive requires exchanges to maintain OTC records since January 2026, focusing on beneficial ownership, particularly transactions where private companies or intermediaries may conceal the true owners of funds. OTC transactions are negotiated directly between the platform and clients, helping large buyers avoid public market price fluctuations, but also increasing the risk of lack of transparency, thus being viewed by regulators as high-risk channels for money laundering, tax evasion, and cross-border capital flows.India remains one of the largest cryptocurrency markets globally, but there is no official data on the size of the OTC market.

The Enforcement Directorate (ED) of India has submitted a charge sheet to the PMLA special court in Dwarka, New Delhi, formally accusing Chirag Tomar and his accomplices of participating in a cryptocurrency phishing scam worth approximately $20 million. Investigations reveal that the gang executed attacks by hijacking SEO related to a counterfeit "Coinbase Pro" phishing website, luring users to input account information and further deceiving them into providing 2FA verification, thereby remotely transferring the victims' crypto assets. The funds were subsequently split into thousands of wallets and laundered through P2P transactions with local trading platforms. The case is coordinated with U.S. federal law enforcement actions.Previously, Tomar was arrested by the FBI in the U.S. and sentenced to 60 months in prison for conspiracy to commit wire fraud. The Indian ED stated that it has obtained key evidence through international judicial cooperation and has frozen 129 bank accounts related to the case and assets amounting to approximately 645.5 million rupees, with the involved funds and properties undergoing further recovery and forfeiture procedures.

Zelle operator Early Warning Services announced that India will be the first country for U.S. users to remit money to overseas friends and family through Zelle, with the service expected to launch by the end of this year. The company also introduced its own dollar-backed stablecoin ZelleUSD (ZLUSD) to support future international payment capabilities in other markets, with more details to be announced in the coming months. Early Warning Services is jointly owned by seven U.S. financial institutions, including Bank of America, JPMorgan Chase, and Wells Fargo.

As India's tax enforcement intensifies, cryptocurrency investors face stricter reporting and compliance requirements in the 2026 tax season, with incorrect declarations potentially triggering fines and audits. Reports indicate that under current rules, cryptocurrency gains are still subject to a 30% uniform capital gains tax, and a 1% Tax Deducted at Source (TDS) is levied on transactions exceeding a certain amount, while losses cannot be offset across assets. The new Income Tax Act (2025) came into effect on April 1, 2026, but the core tax framework remains largely unchanged.In terms of reporting, investors must fill out a dedicated Schedule VDA section in the ITR-2 or ITR-3 forms and are required to record each transaction individually, including all operations such as trading, exchanging, transferring, and clearing, rather than just summarizing gains. The report emphasizes that regulatory focus has clearly escalated. The Indian tax authorities will directly obtain user-level transaction data through trading platforms, custodians, and wallet service providers, and will automatically cross-check this with reported information; discrepancies will trigger system flags and audits.Data shows that the Indian tax authorities have issued over 44,000 notices and discovered approximately 88.8 billion rupees (about 930 million USD) in unreported virtual asset income. Meanwhile, the tax department is enhancing its tracking capabilities by combining on-chain analysis tools with international data-sharing mechanisms. Additionally, starting in 2027, India will align with the OECD cryptocurrency reporting framework to achieve automatic exchange of cross-border transaction data, and overseas exchange holdings will gradually come under regulatory scrutiny.Analysis points out that common errors include misuse of reporting forms, omission of airdrop and staking income, and failure to correctly match 1% TDS records, among others. The report emphasizes that cryptocurrency tax compliance is shifting from "post-reporting" to "real-time traceability," and investors need to strengthen year-round record management.

According to the Economic Times, the Indian tax department has strengthened its review of cryptocurrency tax filings for the fiscal year 2026, discovering over 88.8 billion rupees (approximately 10.4 million USD) in unreported virtual digital asset income, and has issued more than 44,000 notices to the relevant taxpayers.

According to the Times of India, the Gujarat police have arrested two suspects involved in cryptocurrency-related cybercrime, with the network allegedly trading over 226 million rupees. Investigators claim that the network is linked to terrorist financing, global drug trafficking, and dark web financial activities.Officials stated that this arrest is part of an ongoing investigation into the use of cryptocurrency channels for terrorist financing. Previously, 10 suspects had already been arrested during the investigation. The two latest suspects are accused of using the KYC information of a man named Sabbir Ali Sarani to create a Binance wallet and receiving 5,000 USDT through layered transactions.

Coinbase announced that Indian users can now deposit and withdraw Indian Rupees directly through IMPS, while also supporting spot trading, perpetual contract trading, and providing a local Indian Rupee order book to enhance liquidity.

According to the Times of India, a well-known private doctor in Guntur, India, lost approximately 1.3 billion rupees (about 1.5 million USD) due to a cryptocurrency investment scam. The police have launched an investigation based on the victims' reports and are tracking the flow of related funds and the cybercrime gang.The report states that the scammers promoted high returns on cryptocurrency investments to victims through online platforms and initially displayed false profit data to gain trust. The doctor then continued to invest more and even persuaded friends and family to invest together. It was only when attempting to withdraw funds that the platform began to delay or refuse withdrawals for various reasons. Although the account page still showed significant "profits," the funds could not be withdrawn, and the victims eventually realized they had been scammed.The police suspect that the case involves an organized cross-border cyber fraud group and are currently investigating related bank accounts, digital wallets, and transaction records.

According to Bloomberg, Polymarket and Kalshi still allow Indian users to register and trade on their prediction markets even after warnings from the Indian government. The Indian side believes that these platforms operate illegally.Last month, the Indian Ministry of Electronics and Information Technology stated in a letter that despite the relevant bans implemented domestically, users are still accessing "illegal and blocked prediction markets and online entertainment platforms." This announcement was subsequently published on the ministry's official website and specifically named "Polymarket and other similar websites," stating that these platforms should have been blocked by Internet Service Providers (ISPs).

Coinbase announced that it has added support for the BTC-INR trading pair for Indian users. BTC-INR will first launch on Coinbase Exchange and will gradually expand to Coinbase.com, Coinbase App, and Coinbase Advanced.

According to The Crypto Times, the High Court of Himachal Pradesh, India, rejected Abhishek Sharma's bail application. Sharma is one of the key promoters of a large-scale cryptocurrency MLM scam, which is suspected of defrauding over 80,000 investors across India, with estimated losses reaching 500 million rupees and a total investment pool of about 2 billion rupees.The report states that the scam involved several fraudulent crypto platforms such as Korvio, Voscrow, DGT, Hypenext, and A-Global, with investors promised double returns. In the early stages of the project, small returns were paid to attract more participants, but all payments suddenly stopped on December 25, 2021. Subsequently, the promoters directed users to other platforms, ultimately failing to pay any returns.The Enforcement Directorate (ED) had previously conducted searches at eight locations in Himachal Pradesh and Punjab, freezing approximately 12 million rupees in lockers and bank deposits. Investigators stated that the funds in the case were laundered through real estate developers, shell companies, and family bank accounts, with some senior individuals involved having fled to Dubai.

India is promoting the application of the digital rupee through about 10 welfare pilot projects, distributing part of the approximately $80 billion in subsidies and food benefits via e-rupee to reduce fund leakage and corruption, and to provide a clearer use case for central bank digital currency.At the same time, the Reserve Bank of India is pushing for a cross-member CBDC interconnection plan to be proposed at the 2026 BRICS summit, aiming to enhance the efficiency of cross-border trade settlements and reduce reliance on the US dollar. Currently, there are about 10 million e-rupee users, with a cumulative transaction amount of approximately $3.6 billion, which is still significantly lower than the UPI system that processes about $300 billion in transactions monthly in India.

According to CoinDesk, after selling 70% of its Bitcoin holdings, there are reports that the Kingdom of Bhutan may have stopped or slowed down its Bitcoin mining activities, in stark contrast to the actions of other major institutions and sovereign nations that are increasing their holdings in cryptocurrencies and gold (El Salvador's current Bitcoin holdings have exceeded 7,618 coins).It is reported that due to economic pressure, its hydropower is currently used more for selling electricity to neighboring India rather than for Bitcoin mining. Additionally, the decline in Bitcoin prices, the increase in network difficulty, and halving pressure are all squeezing the profit margins for mining.As of now, the national sovereign wealth fund managing Bhutan's Bitcoin assets, Druk Holding and Investments, has not publicly commented on the status of fund transfers or its mining operations.

According to Tech in Asia, Indian crypto rewards fintech company GoSats has completed a $5 million Series A funding round, led by Konvoy, with participation from Y Combinator, Taisu Ventures, and several angel investors. The funds raised will be used to expand the product line and team size.

The Indian Ministry of Petroleum stated on Saturday that Indian refineries have procured Iranian crude oil amid disruptions in the Strait of Hormuz due to the Middle East conflict. As the world's third-largest oil importer and consumer, India has not received crude oil shipments from Tehran since May 2019, having stopped purchasing Iranian crude under U.S. pressure. However, the supply disruptions caused by the war between the U.S. and Israel have severely impacted India.Last month, the U.S. temporarily lifted sanctions on Iranian oil and petroleum products to alleviate supply shortages. The Indian Ministry of Petroleum stated on social media platform X: "Against the backdrop of disrupted supply in the Middle East, Indian refineries have ensured their crude oil demand, including supplies from Iran; there are no payment obstacles for importing Iranian crude oil."The ministry added that India has secured all of its crude oil needs for the coming months, "India imports crude oil from over 40 countries, and companies can flexibly procure crude oil from different sources and regions based on commercial considerations." India has also purchased 44,000 tons of Iranian liquefied petroleum gas, which was transported by a sanctioned vessel. The Ministry of Petroleum stated that the ship docked at the western port of Mangalore on Wednesday and is currently unloading fuel.

According to FinanceFeeds, the Central Bureau of Investigation of India has arrested suspect Sunil Nellathu Ramakrishnan (also known as Krish), who is suspected of being involved in a transnational human trafficking network related to Southeast Asian online fraud activities, and is identified as a key coordinator of the cross-border fraud network.This network lured Indian citizens to Thailand through fake recruitment and then transported them to scam hubs in Myanmar, Cambodia, and other places, forcing them to engage in activities such as cryptocurrency investment fraud and romance scams. Law enforcement agencies stated that such crimes utilize cryptocurrency assets for cross-border fund transfers, increasing the difficulty of tracking, and related investigations are still ongoing.