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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.

Top News

Shiba Inu rebounds 40% despite major selling by SHIB whales

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Despite receiving a lot of flak from regulators, use of crypto is still limited when compared to fiat within the illegal gambling sector.

Crypto Accused of Facilitating Illegal Gambling — What Are the Odds?

2020-02-20T12:35:00+00:00

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Indian IT giant Tech Mahindra is launching a blockchain accelerator together with the government of the southern state of Telangana.

Indian IT Giant Tech Mahindra and Local Gov’t Launch Blockchain Accelerator

2020-02-19T11:39:00+00:00

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India’s citizens will soon be able to cast votes from outside their city of registration thanks to a blockchain-based system.

India’s Citizens Will Vote With Blockchain, Election Commissioner Says

Adrian Zmudzinski

2020-02-17T14:24:00+00:00

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Despite the ongoing uncertainty toward crypto regulation in India, major global crypto exchange OKEx has just made another push in the country’s market.

OKEx Expands Into India’s Crypto Market via Partnership With Local Exchange

2020-02-14T13:59:00+00:00

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Hearings in the Indian Supreme Court have opened a discussion between the crypto space and lawmakers on the tech’s potential in the country.

A Call for Sensible Regulation: The Fate of Future Innovation in India

2020-02-10T20:00:00+00:00

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WRX, the first IEO from any Indian exchange, can strengthen sentiments of Indian crypto industry amid an ongoing battle over the status of crypto.

India’s First IEO Gives Local Community a Much-Needed Breath of Fresh Air

Vireshwar Tomar

2020-02-07T03:00:00+00:00

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RBI’s legal counsel claims crypto can adversely affect India’s financial stability.

Verdict in India Imminent, RBI Cites Warren Buffet Skepticism as Reason to Ban Crypto

2020-02-06T11:51:00+00:00

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Binance Launchpad announced the results of the first token sale of the year, WazirX.

Binance Launchpad Reveals WazirX Sale Results

2020-02-04T21:43:00+00:00

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