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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

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

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The Reserve Bank of India has confirmed the creation of an inter-departmental group tasked with analyzing the feasibility of issuing a rupee-backed central bank...

Reserve Bank of India Confirms It Is Looking Into Making a Central Bank Digital Currency

2018-08-30T22:25:00+01:00

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Reports are surfacing that the Reserve Bank of India has been researching cryptocurrency and blockchain since July.

India: Sources Claim Central Bank ‘Researching’ Blockchain to Decide ‘What It Can Adopt’

2018-08-27T19:37:00+01:00

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Blockchain-based ID platforms will give us data security and control, but at a cost to decentralization.

Online ID Control: Blockchain Platforms vs. Governments and Facebook

2018-08-23T16:25:00+01:00

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Indian police have arrested a man who was allegedly involved in promoting the Bitconnect investment scam.

Police Arrest Alleged India Head of Now-Defunct Bitconnect Scam

2018-08-20T14:05:00+01:00

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The Indian government is reportedly considering whether to allow crypto tokens to be used within the country.

India: Government to Consider Allowing Crypto Tokens, But Not Cryptocurrencies

2018-08-10T15:15:00+01:00

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The Indian state of Telangana will sign MoUs with blockchain-focused firms to introduce DLT-powered government services.

Indian State of Telangana to Sign MoUs With Blockchain Firms, Streamline Gov’t Services

2018-07-27T05:28:00+01:00

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Major banks from BRICS member states; Brazil, Russia, India, China, and South Africa, will study blockchain tech implementation.

BRICS Summit: Major Banks From Member States Sign MoU on DLT Research

2018-07-27T00:34:00+01:00

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Indian crypto wallet provider and exchange Unocoin has suspended rupee deposits and withdrawals “as per orders” from the country’s central bank.

Indian Crypto Exchange Unocoin Suspends Fiat Deposits, Withdrawals in Wake of RBI Ban

2018-07-24T12:55:00+01:00

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