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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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Authorities in India are reportedly weighing up options concerning crypto regulations in the country.

Proposed crypto ban legislation reportedly under review by India’s government

Osato Avan-Nomayo

2021-06-16T11:46:28+01:00

13414

India’s Enforcement Directorate will probe crypto exchange WazirX for alleged violations of AML laws and FEMA in connection with crypto transactions worth $389 ...

Binance-owned Indian exchange WazirX investigated for alleged AML failings

2021-06-11T11:31:30+01:00

5852

Indian state officials are reportedly no longer keen on banning Bitcoin and a crypto regulatory bill may be up for discussion during the Monsoon Session of Parl...

India to reportedly ditch Bitcoin ban agenda in favor of asset classification

Osato Avan-Nomayo

2021-06-10T11:46:09+01:00

23287

Kraken, Bitfinex and KuCoin could become the next major crypto exchanges to attempt to service India’s estimated 15 million crypto investors.

Crypto exchange giants mulling India foray despite regulatory uncertainty

Osato Avan-Nomayo

2021-06-09T13:03:51+01:00

10725

Indian tech mogul Nandan Nilekani believes the country should be seeking to attract investment from the $1.7 trillion crypto-asset industry.

Lawmakers should treat crypto like gold or real estate: Indian tech magnate

2021-06-07T06:59:47+01:00

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The Reserve Bank of India's ban on banks' dealings with crypto may be defunct but the institution remains apprehensive of — if not outright hostile to — cryptoc...

Indian central bank remains anti-crypto, affirming ‘no change’ in its stance

2021-06-04T12:29:12+01:00

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Banks like HDFC and the State Bank of India reportedly cautioned customers against crypto, citing the RBI’s quashed crypto circular.

Indian central bank clarifies regulations as local banks shun crypto

2021-05-31T15:54:09+01:00

13604

A new panel will be formed to address "outdated" recommendations on crypto trading.

Indian government is rethinking crypto ban: The Economic Times

2021-05-19T05:48:17+01:00

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