News
In talks with stakeholders, Minister Ashwini Vaishnaw aims to finalize the Indian government’s AI deepfake regulations in the coming weeks.
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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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Listening to the plea, the bench headed by the Chief Justice of India (CJI) remarked that the petitioner’s demands are more legislative in nature.
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The Narcotics Control Bureau and the Indian Cyber Crime Coordination Centre trained 141 officials and over 2,800 officers in the financial year 2022–2023.
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Hindustan Petroleum, one of India’s largest oil and gas companies, is launching a blockchain system to enable automated verification of purchase orders.
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The Group of Twenty accepted the regulatory roadmap proposed in a joint Synthesis Paper of the International Monetary Fund and the Financial Stability Board.
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With Transak’s integration, CoinDCX’s Okto wallet has increased the number of supported jurisdictions from 60 to more than 150.
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Mário Centeno praised the European Union’s first comprehensive crypto framework, MiCA, but insisted on further international consolidation of regulatory efforts.
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Launched in May, the Gemini Gurgaon Hub has since added over 70 staff.
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The tool will monitor crypto wallets and alert the Indian Ministry of Home Affairs about irregular transactions, according to a report.
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Numerous initiatives by local and state governments in India — from data management systems to verifiable certificate issuances — currently use blockchain technology.
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BaFin’s top executive stresses the risks of crypto and calls for global regulation to apply to all financial centers — without exceptions.
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The legal struggle between the SEC and Binance.US continues, with the company hitting new lows in trading volume.
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Chainalysis’ upcoming Global Crypto Adoption Index indicates that the broader Asia region is driving grassroots cryptocurrency adoption.
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Indian crypto platforms could attain similar status as authorized dealers (similar to banks) under the guidelines of the Indian central bank, RBI.
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The G20 member nations recommended addressing existing concerns around data protection, biases, appropriate human oversight and ethics to ensure the responsible use and development of AI.
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