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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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India’s Delhi High Court is looking to put a clear voiceover and a disclaimer covering 80% of the screen on crypto ads on national TV.

Indian high court seeks ad disclaimers from crypto exchanges

2021-07-15T10:06:27+01:00

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The bank has also asked users not to invest any fiat currency that may have links to previous cryptocurrency investments.

India’s ICICI Bank warns remittance users to steer away from Bitcoin

2021-07-13T14:20:20+01:00

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Aiming to tackle the supply chain issues that impact the stock and expiry of COVID-19 vaccines, Tech Mahindra and blockchain firm StaTwig will roll out a “Vacci...

Indian IT giant Tech Mahindra partners on blockchain system for vaccine tracing

2021-07-05T10:01:25+01:00

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India’s crypto exchanges continue to cope with the burden of limited access to banking services.

Crypto exchanges in India still struggling to secure banking partners

Osato Avan-Nomayo

2021-07-01T11:26:24+01:00

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India’s regulatory stance on crypto has been shaky at best and prejudiced at worst, but what is India actually doing about crypto?

Slow, but not steady: India’s stance on Bitcoin and crypto is evolving

Anupam Varshney

2021-06-30T13:07:00+01:00

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Unperturbed by persistent threats of a renewed crypto crackdown from lawmakers, Indian investors have piled $5.7 billion into cryptocurrency over the past year.

Despite regulatory uncertainty, Indian crypto investment surges 600% in one year

2021-06-28T05:14:29+01:00

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Existing law in India could mandate a 2% levy on cryptocurrency purchases from offshore-based exchanges servicing India’s market.

Existing Indian law could impose 2% levy on crypto bought from offshore exchanges

2021-06-22T07:28:11+01:00

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“Crypto exchanges want to be part of IndiaTech because we have moved the needle in the past few months on the narrative and perception of this industry," said R...

Zebpay will join organization proposing regulatory framework for crypto in India

2021-06-21T17:15:00+01:00

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