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India News

India today is no stranger to the concept of Bitcoin (BTC) and cryptocurrency. Home to over 1 billion people, the South Asian country touts a population rivaling that of China. India, officially known as the Republic of India, is the second-largest country by population after China. The industry of cryptocurrency in India today still shows a country that is uncertain about the asset class.

In India, government bodies have discussed the country’s stance on cryptocurrencies for years. Although headlines have mentioned various possible cryptocurrency-related bans and regulatory moves — with people often asking, “Is Bitcoin legal in India?” — the country has yet to officially outlaw crypto on the whole. Companies focused on digital assets could not work with banks for a time, thanks to a 2018 ruling from the Reserve Bank of India, or RBI — the country’s central bank — but those restrictions were removed in 2020.

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RealX blockchain-based platform allows Indian investors to buy and sell “direct deeded co-ownership” of holiday properties.

Blockchain-based platform for fractional property ownership launches in India

2021-09-10T11:58:11+01:00

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CrossTower is betting on the growing crypto market in India despite uncertainty over the legal status of Bitcoin in the country.

US crypto exchange CrossTower expands to India

2021-09-09T13:12:11+01:00

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A former deputy governor of the RBI sees cryptocurrencies as a taxable asset or commodity.

Former reserve bank official pushes for India to accept crypto

2021-09-08T04:08:56+01:00

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Following crypto exchange CoinDCX’s breakthrough to unicorn status this summer, CoinSwitch Kuber is rumored to be next in line — at a valuation close to twice t...

Report: CoinSwitch Kuber poised to become India's second crypto unicorn

2021-09-07T10:51:51+01:00

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India’s central bank is carefully considering the merits of issuing a digital rupee, while CBDC exploration continues to gather steam across the globe.

India CBDC pilot may commence in December, says RBI governor

Osato Avan-Nomayo

2021-08-27T10:26:01+01:00

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Mumbai-based crypto unicorn CoinDCX has become a member of the Advertising Standards Council of India, a non-governmental self-regulatory organization.

CoinDCX exchange joins ad regulator following Delhi High Court notice

2021-08-25T11:52:29+01:00

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According to Xiaomi India managing director Manu Jain, cryptocurrency is an “extremely interesting” area that is doing “exceptionally well.”

Xiaomi India needs regulatory clarity to embrace crypto, says exec

2021-08-23T11:30:09+01:00

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Users will be able to earn yield paid in BTC on all the rewards they’ve accumulated through the app.

GoSats launches Bitcoin cashback rewards card in India

2021-08-15T18:00:00+01:00

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