India Archives - Page 6 of 7

Reserve Bank of India Bars Banks from Cryptocurrency Transactions

April 5, 2018

India’s central bank has banned financial institutions from dealing with cryptocurrency exchanges, in what some Indian enthusiasts described a restrained first step towards imposing an outright ban on the vir...

India to Regulate Cryptocurrencies by March 31st

February 5, 2018

After the Indian Finance Minister’s clear statement on the position of the government regarding the legality of Bitcoin and other digital currencies in the annual budget speech (“The government does not recog...

Indian Finance Minister Drops a Bomb: Will Try to Eliminate Use of Crypto

February 1, 2018

The legality of cryptocurrency in India is a long-debated topic in the financial industry. Today, in the annual budget speech, Indian Finance Minister Arun Jaitley gave a clear picture of the government’s sta...

India Cryptocurrency Committee Taps Fintech Entrepreneur Ajeet Khurana ‎as CEO

January 25, 2018

The Blockchain and Cryptocurrency Committee of India (BACC), the country’s self regulator that works with stakeholders in the government and industry bodies, has appointed Ajeet Khurana as CEO of the business...

Indian Banks Suspending Accounts of Multiple Bitcoin Exchanges

January 22, 2018

Global regulators continue to take a heavy hand in the policing of Bitcoin exchanges, with India being the latest country to see account suspensions. The development could have major ramifications in India, w...

India is Responsible for 10% of All Bitcoin Transactions Worldwide

January 17, 2018

The relationship between Bitcoin and India is complicated. On the one hand, Indian citizens want to accept the emerging digital economy, but on the other, India’s government is hostile against decentralized c...

Bitcoin is Not Legal Tender, Clarifies Indian Finance Minister

January 2, 2018

The situation with Bitcoin on the Indian subcontinent is in murky water. Today, Indian Finance Minister Arun Jaitley called out against the digital coin, clarifying that it is not legal tender in the country....

Cryptocurrency Could Be Big Ponzi Scheme, Warns India’s Finance Minister

December 29, 2017

India’s finance ministry cautioned the country’s investors against investing or trading in Bitcoin and other cryptocurrency, saying that they are just elaborate Ponzi schemes. This danger exists in large part...

Indian Police Busy Busting Bitcoin Brigands

December 27, 2017

Uttar Pradesh: a police task force has busted a gang of Bitcoin scammers, according to a report in Bitcoin.com. Using a service called Localbitcoins, the gang would find marks, offer them Bitcoin for a disco...

Indian Tax Authority Begins Investigating Bitcoin Exchanges

December 13, 2017

The Income Tax Department of India has begun conducting surveys of cryptocurrency exchanges in major cities across the country, according to a report by Bloomberg. The agency did not reveal if the investigat...