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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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A government-sponsored think tank has published part one of its two-part blockchain strategy for adopting the technology in India.

Indian Government Policy Think Tank Releases National Blockchain Strategy

Vireshwar Tomar

2020-02-03T10:04:00+00:00

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The U.S. could lose its position as the innovation leader as the Asian tech market has grown on the global stage.

Is the Future of Blockchain Tech Innovation in the East?

2020-01-31T23:51:00+00:00

5528

Singapore-based crypto exchange Zebpay opens its doors to Indian clientele once again after a 16-month hiatus.

Crypto Exchange Zebpay Reopens in India Despite Banking Ban

2020-01-31T22:28:00+00:00

7320

A draft of an Indian national strategy on blockchain floats the idea of a central bank digital currency, the digital Indian rupee, and a national blockchain.

Draft of India’s National DLT Strategy Calls for State-Run Digital Rupee

2020-01-28T12:38:00+00:00

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Deutsche Bank’s research arm issued a report predicting that cash will be around for a long time despite the surge of digital currencies.

Deutsche Bank: Cryptocurrencies Won’t Replace Cash ‘Anytime Soon’

2020-01-27T21:53:00+00:00

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While the Indian Supreme Court hears arguments regarding a ban on banking services for crypto business, the prime minister awarded a crypto app developer.

Indian PM Awards Crypto App Creator as Supreme Court Deliberates on Ban

Adrian Zmudzinski

2020-01-26T18:14:00+00:00

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The Supreme Court of India has this listened to further hearings in the landmark case against the central bank’s ban on banks’ dealings with crypto-related busi...

Week Two of RBI Vs. Crypto at the Supreme Court of India

2020-01-24T11:34:00+00:00

4920

The chairman of the securities market regulator of India urges exploration of the best possible usages of blockchain for security markets.

Securities Regulator of India Bets on Blockchain

Vireshwar Tomar

2020-01-23T22:22:00+00:00

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