Please note, this is a STATIC archive of website cointelegraph.com from 17 Oct 2021, cach3.com does not collect or store any user information, there is no "phishing" involved.

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

The Supreme Court of India has blocked all further petitions in High Courts against the central bank’s block on crypto dealings, local sources report.

Indian Supreme Court Upholds Central Bank’s Crypto Dealings Ban Until July Hearing

Molly Jane Zuckerman

2018-05-18T21:53:00+01:00

17843

A new blockchain trade finance and supply chain test is underway involving big banks in India, led by IT multinational InfoSys.

India: Seven Major Banks Begin Testing Blockchain Trade Finance Platform

2018-05-18T13:36:00+01:00

20952

The Supreme Court of India denied an interim injunction against Royal Bank of India’s order to suspend banking services for crypto businesses.

India: Supreme Court Denies Interim Injunction Against Reserve Bank Of India Restrictions

2018-05-12T03:24:00+01:00

33376

Local sources report that Venezuela has offered to give India a 30% discount on the sale of crude oil if they pay with Venezuela’s Petro coin.

India To Get 30% Discount On Venezuelan Crude Oil If Paid For In Petro, Says Local Source

Molly Jane Zuckerman

2018-04-30T20:30:00+01:00

21532

Police superintendent Jagdish Patel was arrested this week for his alleged role in the kidnapping, extortion of around $2 mln in BTC from local businessman.

India: Police Superintendent Arrested In Connection With Case Of Bitcoin Extortion

Molly Jane Zuckerman

2018-04-24T11:39:00+01:00

19818

Indian BTC exchange Coinsecure says it has started working on the claims process for funds lost by 11,000 customers in a $3.5 mln theft earlier this month.

Indian Exchange Coinsecure Prepares Customer Claims Process Following $3.5 mln Theft

2018-04-23T22:21:00+01:00

11448

Crypto markets experience more growth as BTC hovers near $9,000, having broken the psychological price point already once today

Bitcoin Brushes $9,000 As Crypto Markets Continue Making Steady Gains

Molly Jane Zuckerman

2018-04-22T17:45:00+01:00

49673

The High Court of Delhi has reportedly sent a notice to the Reserve Bank of India in response to a company’s petition that the bank’s crypto ban is unconstituti...

India: Delhi High Court Seeks Response From Central Bank On Recent Crypto Ban, Report Says

Molly Jane Zuckerman

2018-04-22T15:25:00+01:00

28075