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Reserves exceed customer holdings, can cover all user redemptions: Crypto exchange CoinSwitch

The report, independently reviewed and validated on-chain, confirms that the company's total holdings of cryptocurrency and Indian Rupees (INR) surpass its customers' balances.

Balaji srihariInstitute of chartered accountants indiaIndian rupeesBusiness headChartered accountantsVirtual digital assets

CoinSwitch s reserves total Rs 3,497 Cr, up 80% from last year

CoinSwitch has ensured that customer holdings in both INR and cryptocurrencies are maintained in a 1:1 ratio, sufficient for all user redemptions.

Balaji srihariIndian rupeesBusiness head

CoinSwitch publishes the third edition of Proof of Reserves

The largest crypto platform in India, CoinSwitch, with more than 2 crore users, is continuing its commitment to trust-building and transparency by publishing the third edition of its Proof of Reserves (POR). Gained through an independent review and o

Balaji srihariInstitute of chartered accountants indiaIndian rupeesBusiness headChartered accountants

CoinSwitch: Releases third proof of reserve valued at ₹3,497 crore in total holdings

CoinSwitch: Releases third proof of reserve valued at ₹3,497 crore in total holdings
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Balaji srihariVidushi nautiyalBusiness headVirtual digital assets

Crypto firms bank on fair play as Binance logs into FIU-IND

The regulatory gap between crypto firms registered with the Financial Intelligence Unit-India (FIU-India) and unregistered offshore entities is expected to narrow, industry players said, after global crypto players Binance and KuCoin received approvals to register with India s anti-money laundering unit.

Vivek aggarwalUttam ghosh rediffSumit guptaBalaji srihariRajagopal menonDepartment of revenueInformation technologyMinistry of electronicsFinancial intelligence unit indiaKey responsibility areasSuspicious transa

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