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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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Cryptocurrency is taking off in India despite regulatory fears, which many are now dismissing as nothing but FUD.

Why cryptocurrency is booming in India despite national ban fears

2021-04-12T14:10:33+01:00

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Tech Mahindra wants to provide U.S. banks with a stablecoin solution after the OCC authorized federally chartered banks to use stablecoins for settlement in Jan...

Indian IT giant Tech Mahindra to launch stablecoin tool for banks

2021-04-06T13:48:16+01:00

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India’s WazirX has launched an NFT marketplace for the exchange of digital assets. The launch comes after a strong month for the exchange’s in-house WRX token.

India’s largest crypto exchange launches NFT marketplace after 2,000% token surge

2021-04-06T11:55:43+01:00

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"The load on our systems are way too much," said CEO Nischal Shetty.

Users of top Indian crypto exchange report seeing '0' funds during outage

2021-04-05T01:19:26+01:00

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True or not, the timing of the announcement is suspect given many companies' apparent fondness for pranking customers on April 1.

Indian crypto users suspect Flipkart's Bitcoin announcement is an April Fools joke

2021-03-31T20:50:48+01:00

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Cryptocurrency exchange operators in India are attempting to dissuade the government from banning digital currencies.

Indian crypto exchange execs intensify lobbying efforts to prevent ban

Osato Avan-Nomayo

2021-03-29T19:15:00+01:00

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Recent amendments to India’s Companies Act will see firms in the country include their crypto involvement in all public financial reporting.

India's government orders companies to disclose crypto holdings

Osato Avan-Nomayo

2021-03-25T12:59:28+00:00

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Rejecting crypto as a reserve currency will lead to an Indian currency devaluation of the worst kind, warns blockchain entrepreneur Raj Chowdhury.

Banning Bitcoin is like rejecting the US dollar, entrepreneur warns India

2021-03-25T09:27:50+00:00

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