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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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Indian police in the state of Jammu and Kashmir have issued a public statement, warning against investing in cryptocurrencies.

Indian Police Warn Public Against Investing in Cryptocurrencies

2019-01-03T03:25:00+00:00

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A source reported that the Indian central bank thinks it is too early to develop or implement a central bank digital currency.

India: Media Reports Central Bank Has Postponed ‘Crypto-Rupee’ Plans

2019-01-01T18:49:00+00:00

9112

Previous suggestions of a lasting stance on crypto from India’s government appear to have been overturned by fresh comments.

Indian Gov’t to Approach Crypto Regulation ‘With Due Caution’

2018-12-31T17:38:00+00:00

6987

Hodler’s Digest

Bitcoin Private confirmed the secret creation of an additional 2 million coins, and South Korea rules in favor of Bithumb in investor lawsuit.

Hodler’s Digest, Dec. 24–30: Top Stories, Price Movements, Quotes and FUD of the Week

Molly Jane Zuckerman

2018-12-30T18:25:00+00:00

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Blockchain tech is one of the most widely adopted technologies in the current market, says Tata Communications.

Corporate Blockchain Adoption Reaches 44%, Says Survey

2018-12-27T13:07:00+00:00

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A new Indian governmental committee reportedly favors cryptocurrency regulation and legalization over prohibition.

New Indian Governmental Committee Favors Legalizing Cryptocurrencies, Media Reports

Adrian Zmudzinski

2018-12-26T17:39:00+00:00

14780

India’s telecom regulator and telecom firms completed blockchain tests with IBM to improve mobile network data records.

India’s Telecom Regulator Completes Mobile Blockchain Pilot with IBM

2018-12-12T15:09:00+00:00

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An Indian government panel has reportedly proposed regulation making cryptocurrencies illegal via the Reserve Bank of India.

Indian Government Panel Suggests Crypto Dealings Should Be Illegal, Local Sources Say

Adrian Zmudzinski

2018-12-10T13:30:00+00:00

5541