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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

“Big Four” auditor Ernst & Young will hire 2,000 employees in India to expand its digital solution services, including in blockchain.

India: 'Big Four' Auditor EY to Hire 2K Employees to Develop in Blockchain, AI

2018-11-23T12:00:00+00:00

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Police in northern India have filed a chargesheet against four suspects accused of scamming a victim out of $0.8 - 1.4 million in a crypto investment fraud.

India: Further Charges Levelled at Suspects in Alleged Cryptocurrency Investment Scam

2018-11-22T10:07:00+00:00

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SWIFT India has partnered with fintech firm MonetaGo to run a blockchain pilot aimed at addressing fraud in the e-way Bill system.

SWIFT India Partners With Fintech Firm for Blockchain Pilot

2018-11-21T02:14:00+00:00

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India’s financial committee is reportedly set to present a long-awaited draft bill on crypto regulation in December.

Indian Government to Present Draft Bill on Crypto Regulation in December, Documents Show

2018-11-20T12:27:00+00:00

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On what grounds were the creators of India’s first Bitcoin “ATM” arrested this October?

Innovation Behind Bars: the Arrest of India’s First Bitcoin ‘ATM’ Operators

2018-11-08T15:05:00+00:00

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HSBC India and India’s holding giant Reliance Industries have completed a joint blockchain-enabled trade finance transaction.

HSBC India Completes Joint Blockchain-Enabled Transaction With India Holding Giant RIL

2018-11-04T14:09:00+00:00

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India’s secretary of Economic Affairs has briefed financial officials on cryptocurrency regulation, mentioning “ban” on use of “private cryptocurrencies.”

Indian Official Suggests Ban on ‘Private Crypto’ Prior to Supreme Court Decision

2018-10-31T18:50:00+00:00

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Berkshire Hathaway – whose CEO and chairman is outspoken Bitcoin critic Warren Buffett – has invested around $600 million in two fintech payment firms.

Warren Buffett’s Holding Invests $600 Mln in Fintech Firms Focused on Emerging Markets

2018-10-30T15:22:00+00:00

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