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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

One currency to rule them all: Facebook’s Diem has global ambitions

Shiba Inu is now a top-20 cryptocurrency with SHIB price soaring 300% in 9 days

Bitcoin's $100K price target returns as BTC price breaks out of bull pennant

What Bitcoin correction? BTC price holds $55K despite several bearish indicators

Two Indian-origin Canadians are charged in the U.S. with a $230K Bitcoin fraud using a fake Twitter account of HitBTC exchange.

US Charges Two Canadian Nationals Over Alleged $230K Bitcoin Fraud

2019-08-23T12:48:00+01:00

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The bank has failed in its duty to respond to complaints over the ban it instigated last year, judge rules.

India: Supreme Court Gives Central Bank 2 Weeks to Justify Crypto Ban

2019-08-21T12:11:00+01:00

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The second-largest state in India, Maharashtra, is ramping up its plans to apply blockchain tech across various spheres of administration.

Second-Largest Indian State to Use Blockchain in Various Spheres

2019-08-19T02:48:00+01:00

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Telecoms company Jio wants to build the blockchain system over the next 12 months, its managing director has revealed.

Indian Telecom Jio Reveals Blockchain Network for 330 Million Customers

2019-08-12T09:45:00+01:00

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Hodler’s Digest

Naughty North Korea has stolen billions in crypto, India could be missing out on billions in crypto, and Litecoin’s halving disappoints.

Hodler’s Digest, Aug. 5–11: Naughty North Korea, India’s Bombshell, LTC Flops

2019-08-11T21:37:00+01:00

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The CEO of an Indian crypto and blockchain research company estimates that the country will lose out on almost $13 billion with a ban on crypto.

Expert: India Will Lose an Almost $13 Billion Market by Banning Crypto

2019-08-09T02:50:00+01:00

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Nasscom, a major Indian IT trade organization, said it is against a recently proposed government ban on crypto, offering alternative solutions.

Major Indian Trade Organization Speaks Out Against Proposed Crypto Ban

2019-07-31T00:00:00+01:00

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A blanket ban on cryptocurrencies has been reportedly recommended by an Indian government panel.

Indian Gov’t Panel Recommends a Blanket Ban on Cryptocurrencies

Adrian Zmudzinski

2019-07-22T14:28:00+01:00

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