Global Cryptocurrency Regulation Update
As the cryptocurrency industry spreads across the globe and grows in popularity, governments are forced to take notice. Their responses continue to vary.
India
Last week, the Reserve Bank of India release...
Indian Supreme Court Seeks Government Response to Plea to Regulate Bitcoin
In India, there is much confusion regarding the legality of Bitcoin. Though the digital currency is not banned and is attracting a huge audience, regulators are not comfortable with the anonymous nature of th...
Indian Central Bank Will Not Allow Bitcoin as Legal Tender
The Executive Director at the Reserve Bank of India, S Ganesh Kumar, recently expressed the system’s hostility towards the new-age digital currency and rejected any possibility of allowing Bitcoin as legal te...
India to Shut Down Domestic Cryptocurrency Exchanges, Government Panel Advises
A government committee has recommended that India’s authorities take immediate steps to shut down the country’s cryptocurrency exchanges, saying that the use of Bitcoin and the like could result in a breach o...
The Indian Government Seeks a Regulatory Framework for Bitcoin
The government of India has announced the creation of an Inter-Disciplinary Committee chaired by Special Secretary (Department of Economic Affairs) to examine the existing framework of cryptocurrencies such a...
Nomura Elevates Prabhat Awasthi as its Head of India, Succeeding Vikas Sharma
Global investment bank Nomura has appointed Prabhat Awasthi as its newest Head of India, following a successful tenure with the group in its equities unit, according to a company statement.
Mr. Awasthi is pr...
India Needs Gambling Commission To Boost Sports Betting Revenues
An industry lobby group has urged the Indian government to set up a commission with the power to clamp down on the country's illegal sports betting operations.
In a presentation to the government, Sanjiv Pau...
