# CoinDCX Related Articles

HTX News Center provides the latest articles and in-depth analysis on "CoinDCX", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

CoinDCX CEO Sumit Gupta Outlines Reset Chance for Indian Crypto Market

CoinDCX CEO Sumit Gupta proposes three key policy changes to reset India's crypto market: reducing the TDS rate from 1% to 0.01% to lower compliance costs and prevent offshore migration; aligning the 30% capital gains tax with income slabs for progressive taxation; and allowing investors to offset crypto losses against other income. These suggestions will be submitted to the Finance Ministry. Despite tax challenges, India's crypto market is projected to grow from $2.6 billion in 2024 to $15 billion by 2035, with over 100 million users. Global volatility, influenced by US economic events, continues to affect the market.

TheNewsCrypto01/09 09:10

CoinDCX CEO Sumit Gupta Outlines Reset Chance for Indian Crypto Market

TheNewsCrypto01/09 09:10

Sumit Gupta Highlights Competition After 49 Crypto Exchanges Report FIU Registration

CoinDCX CEO Sumit Gupta emphasized the competitive nature of India's crypto market, noting that over 100 exchanges are still pending registration with the Financial Intelligence Unit (FIU). This follows reports that 49 exchanges—45 domestic and 4 offshore—registered with the FIU in FY 2024-2025. India is strictly monitoring the sector, imposing penalties of approximately ₹28 crore on non-compliant platforms. The FIU, designated as the sole regulatory authority for virtual digital assets, requires exchanges to share financial accounts, appoint compliance officers, and conduct internal audits to mitigate money laundering and terror financing risks.

TheNewsCrypto01/06 08:28

Sumit Gupta Highlights Competition After 49 Crypto Exchanges Report FIU Registration

TheNewsCrypto01/06 08:28

Coinbase gets nod from Indian regulators to acquire CoinDCX stake

The Competition Commission of India has approved Coinbase's acquisition of a minority stake in cryptocurrency exchange CoinDCX. The approval, confirmed by Coinbase's chief legal officer Paul Grewal, deepens the partnership between the two platforms. Neither the regulatory notice nor Grewal disclosed the exact stake percentage. Earlier reports indicated Coinbase planned to invest with a post-money valuation of about $2.4 billion, while denying rumors of a full $1 billion acquisition. Separately, Coinbase is reportedly planning to reintroduce fiat on-ramps for Indian users in 2026, marking its return to the Indian market after halting services in 2023. India, with over 1.4 billion people, is considered a major crypto market with an estimated 100 million users.

cointelegraph12/17 22:05