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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

More global oil and gas giants have joined the blockchain-based platform for trading energy commodities.

More Oil Giants to Join Blockchain-Based Platform Vakt for Energy Commodity Trading

2019-01-16T09:53:00+00:00

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India’s first digital bank, the DBS-owned Digibank, is allegedly closing accounts involved in crypto-related activity.

DBS-owned Indian Bank to Close Account Over Crypto-Related Activity: Report

2019-01-15T18:45:00+00:00

7770

Hodler’s Digest

The network of altcoin Ethereum Classic undergoes a 51 percent attack, and Fortnite removes Monero from their merch store.

Hodler’s Digest, Jan.7–13: Top Stories, Price Movements, Quotes and FUD of the Week

Molly Jane Zuckerman

2019-01-13T15:56:00+00:00

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Kotak Mahindra Bank, India's second largest private sector bank by market cap, is allegedly requiring account holders to refrain from dealings in cryptocurrency...

Major Indian Bank Threatens to Close Accounts of Users Transacting in Crypto: Report

2019-01-11T22:22:00+00:00

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The number of crypto ATMs installed worldwide has surged past the 4,000 mark, despite persistently bearish market action.

Almost 5 New Cryptocurrency ATMs Installed Worldwide Each Day, Data Shows

2019-01-11T01:00:00+00:00

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Indian police have arrested an associate of a group accused of a $71.6 million crypto scam.

India: Fourth Suspect Arrested Following Alleged $70+ Million Crypto Scam

Adrian Zmudzinski

2019-01-07T19:49:00+00:00

9521

Hodler’s Digest

A Georgian state senator reports to jail over alleged crypto mining equipment theft, and Bakkt closes a $182.5 million funding round.

Hodler’s Digest, Dec. 31 – Jan. 6: Top Stories, Price Movements, Quotes and FUD of the Week

Molly Jane Zuckerman

2019-01-06T19:09:00+00:00

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The Reserve Bank of India issues its annual financial report, stating that cryptocurrencies pose no threat to the financial industry.

India: Central Bank Report States Crypto Does Not Threaten Financial Stability

2019-01-04T18:32:00+00:00

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