India News

Latest News on India | Cointelegraph

India, or Republic of India, is a federal state in South Asia. It is the second-largest country by population after China and the seventh-largest by territory in the world. India has a developing mixed economy, which is the world’s sixth largest in terms of nominal GDP. In India, cryptocurrency payments are becoming more and more popular among its citizens. Currently, the government is developing regulations for operations related to virtual currencies. It is aimed to protect investors and users, prevent money laundering, control the taxation of transactions, etc. Besides that, according to the Indian Minister of Finance, the authorities are concerned about digital currencies’ volatility and anonymity and are considering banning all payments in cryptocurrency. Nevertheless, the future of using cryptocurrency in India remains uncertain.

SWIFT India Partners With Fintech Firm for Blockchain Pilot

5 HOURS AGO | by Ana Alexandre

SWIFT India has partnered with fintech firm MonetaGo to run a blockchain pilot aimed at addressing fraud in the e-way Bill system.

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Indian Government to Present Draft Bill on Crypto Regulation in December, Documents Show

19 HOURS AGO | by Ana Berman

India’s financial committee is reportedly set to present a long-awaited draft bill on crypto regulation in December.

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Innovation Behind Bars: the Arrest of India’s First Bitcoin ‘ATM’ Operators

NOV 08, 2018 | by Marie Huillet

On what grounds were the creators of India’s first Bitcoin “ATM” arrested this October?

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HSBC India Completes Joint Blockchain-Enabled Transaction With India Holding Giant RIL

NOV 04, 2018 | by Helen Partz

HSBC India and India’s holding giant Reliance Industries have completed a joint blockchain-enabled trade finance transaction.

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Indian Official Suggests Ban on ‘Private Crypto’ Prior to Supreme Court Decision

OCT 31, 2018 | by Ana Berman

India’s secretary of Economic Affairs has briefed financial officials on cryptocurrency regulation, mentioning “ban” on use of “private cryptocurrencies.”

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Warren Buffett’s Holding Invests $600 Mln in Fintech Firms Focused on Emerging Markets

OCT 30, 2018 | by Marie Huillet

Berkshire Hathaway – whose CEO and chairman is outspoken Bitcoin critic Warren Buffett – has invested around $600 million in two fintech payment firms.

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Hitachi and India’s Largest Gov’t-Owned Bank Partner on Major Digital Payments Platform

OCT 29, 2018 | by Marie Huillet

Hitachi Payments has partnered with the State Bank of India to establish a nationwide digital payments platform.

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Indian Supreme Court Sets Two Week Deadline for Gov’t to Clarify Stance on Crypto

OCT 26, 2018 | by Ana Berman

India draws closer to the deadline for a legal battle between the country’s central bank and local crypto exchanges.

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Don’t ‘Disadvantage’ Emerging Tech Like Blockchain, Says U.S. Telecoms Authority Chairman

OCT 26, 2018 | by William Suberg

U.S. telecoms regulator argues innovation in the telecoms industry should face a “level playing field.”

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Cryptocurrency ‘Illegal’ In India Says Trade Organization Head

OCT 26, 2018 | by William Suberg

The head of Indian IT trade organization NASSCOM reportedly stated that cryptocurrency is “illegal” in the country, after two men installing a Bitcoin ATM were ...

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Central Bank-Issued Digital Currencies: Why Governments May (or May Not) Need Them

OCT 25, 2018 | by Stephen O'Neal

Japan’s central bank doesn’t want a CBDC. What about others?

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Police Arrest Indian Crypto Exchange Co-Founder for Unregistered ‘Illegal’ Bitcoin ATM

OCT 24, 2018 | by Marie Huillet

Police have seized an allegedly unregistered Bitcoin ATM machine in India and arrested its owner, the co-founder of domestic crypto exchange Unocoin.

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Blockchain Can Reshape Global e-Government Procurement, Say World Bank Experts

OCT 18, 2018 | by William Suberg

Blockchain technology can aid in defragmenting many countries’ procurement structures, a new report concludes.

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Indian Internet ‘Blockchain Committee’ Attracts Reps From Zebpay, MasterCard, Microsoft

OCT 17, 2018 | by William Suberg

India is getting a dedicated group for exploring blockchain expansion courtesy of the Internet and Mobile Association of India.

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Indian Gov’t Is ‘Evaluating’ the Launch of Its Own Cryptocurrency, Sources Say

OCT 11, 2018 | by Ana Berman

The panel that was set up by India’s Ministry of Finance in 2017 will reportedly evaluate the possibility of issuing a state-backed cryptocurrency.

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India: Bitcoin Prices Drop As Media Misinterprets Govt’s Regulation Speech

FEB 01, 2018 | by William Suberg

India’s finance minister has said the country will crack down on “illegitimate” uses of cryptocurrency, but misinterpretations of his words as an outright ban a...

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Indian Banks Suspending Bitcoin Exchange Accounts

JAN 21, 2018 | by Jon Buck

Bitcoin exchange bank accounts are being closed or scrutinized in India.

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Suddenly, Bitcoin to Be Officially Legal in India

JUN 20, 2017 | by Joseph Young

CNBC revealed that the Indian government committee has ruled in favor of regulating bitcoin on June 20.

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Can Any Government Ban Bitcoin?

SEP 10, 2017 | by Jacob J

Bitcoin has been around the fringes of financial markets for less than a decade, but is slowly gaining prominence as an alternative asset class. Can the governm...

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Black January: Why is Bitcoin in Such a Bad Way?

FEB 02, 2018 | by Darryn Pollock

Bitcoin has taken some knocks through January, but not all of them are legitimate punches.

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Chinese Meddling With Bitcoin Exchanges and ICOs Likely to Trigger “Cobra Effect”

OCT 04, 2017 | by Jacob J

The Chinese action of banning ICOs and shutting down cryptocurrency exchanges may be with the intention of preventing ordinary Chinese citizens from incurring f...

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Bitcoin's 2 Month Low - Sign of the Time

FEB 04, 2018 | by Gareth Jenkinson

Bitcoin’s two month low highlights negative sentiments towards cryptocurrencies from financial institutions and governments.

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Interview With India's Three Largest Exchanges: Cryptocurrency Ban Rumors are FUD

FEB 04, 2018 | by Joseph Young

Cointelegraph spoke to India’s three largest cryptocurrency exchanges, which unanimously stated that the cryptocurrency ban rumors are nothing more than FUD.

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Bitcoin, Ethereum Prices Remain Steady Despite ‘Crypto Ban’ From India’s Central Bank

APR 07, 2018 | by Molly Jane Zuckerman

Bitcoin has fallen slightly below $7,000, and ETH remains close to $400, after a week of mixed news in the crypto ecosystem.

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India’s Ministry of Finance Compares Bitcoin and Cryptocurrencies to ‘Ponzi Schemes’

DEC 30, 2017 | by Joshua Althauser

India’s Ministry of Finance has claimed that Bitcoin and the other digital currencies are like Ponzi schemes and issued a warning for investors.

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Bitcoin Brushes $9,000 As Crypto Markets Continue Making Steady Gains

APR 22, 2018 | by Molly Jane Zuckerman

Crypto markets experience more growth as BTC hovers near $9,000, having broken the psychological price point already once today

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Bitcoin Demand Explodes in India, Overwhelmed Exchanges Put Limits on Purchases

MAY 26, 2017 | by Jacob J

In India, with thousands of new users flocking to Bitcoin every day, exchanges have been overwhelmed. Zebpay introduced a daily limit of $780 on Bitcoin purchas...

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Indian Self-Drive Car Rental Firm Beats Uber in Bitcoin Adoption

OCT 07, 2017 | by Jacob J

Uber might be dithering about accepting Bitcoin payments, but an Indian car sharing firm has taken the lead.

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Leading Payments Services Company in India Starts Crypto Exchange

NOV 24, 2017 | by Jacob J

The increasing popularity of Bitcoin and other cryptocurrencies in India has led to multiple exchanges operating in India. The latest exchange to be launched is...

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Robbers Pose as Bitcoin Traders in India, Arrested

OCT 01, 2017 | by Jacob J

A gang of youngsters, who thought they could make a quick buck by posing as Bitcoin traders and robbing businessmen, have been arrested near the Indian capital ...

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Black January: Why is Bitcoin in Such a Bad Way?

FEB 02, 2018 | by Darryn Pollock

Bitcoin has taken some knocks through January, but not all of them are legitimate punches.

94238 | 97

Indian Banks Suspending Bitcoin Exchange Accounts

JAN 21, 2018 | by Jon Buck

Bitcoin exchange bank accounts are being closed or scrutinized in India.

135948 | 56

India: Bitcoin Prices Drop As Media Misinterprets Govt’s Regulation Speech

FEB 01, 2018 | by William Suberg

India’s finance minister has said the country will crack down on “illegitimate” uses of cryptocurrency, but misinterpretations of his words as an outright ban a...

173698 | 55

Suddenly, Bitcoin to Be Officially Legal in India

JUN 20, 2017 | by Joseph Young

CNBC revealed that the Indian government committee has ruled in favor of regulating bitcoin on June 20.

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Bitcoin Not Yet Legal Currency Says Indian Finance Minister

DEC 02, 2017 | by Joshua Althauser

Bitcoin and cryptocurrencies will not be legal tender in the country until fully regulated.

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Bitcoin's 2 Month Low - Sign of the Time

FEB 04, 2018 | by Gareth Jenkinson

Bitcoin’s two month low highlights negative sentiments towards cryptocurrencies from financial institutions and governments.

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Can Any Government Ban Bitcoin?

SEP 10, 2017 | by Jacob J

Bitcoin has been around the fringes of financial markets for less than a decade, but is slowly gaining prominence as an alternative asset class. Can the governm...

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India Falsely Condemns Bitcoin as Ponzi Scheme, Flawed Logic

JAN 01, 2018 | by Joseph Young

This week, the Indian finance ministry has criticized Bitcoin and the rest of the digital currencies in the market for their lack of intrinsic value.

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Citibank India Bans Both Credit And Debit Cards For Crypto Purchases, Cites ‘Risks’

FEB 15, 2018 | by Molly Jane Zuckerman

Citigroup subsidiary Citibank India has banned its customers from using both credit and debit cards for purchasing and trading in cryptocurrencies.

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Bitcoin Trial Sees No Customers, Millionaire Says Cash is Enough: India

JUN 19, 2017 | by William Suberg

Bitcoin usage on the ground in India in no way reflects the online reality, early adopters have said.

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Reserve Bank of India Hints on Possible Ban on Cryptocurrencies

NOV 07, 2017 | by Lisa Froelings

India’s central bank, Reserve Bank of India (RBI), has announced its plan to ban the use of virtual currencies as a form of payment across the country but has s...

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OneCoin IS Much Ponzi: Indian Police Chief Confirms ‘Clear Ponzi Scheme’

JUL 12, 2017 | by William Suberg

OneCoin has officially earned its reputation as a ‘Ponzi scheme’ after police had said the company’s profile was “clear.”

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All Pain, No Gain: India's Failed Demonetization Is Lesson to All

DEC 09, 2016 | by Shivdeep Dhaliwal

India’s demonetisation has turned into a masochistic exercise where there is no end to pain and suffering in sight.

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India’s Ministry of Finance Compares Bitcoin and Cryptocurrencies to ‘Ponzi Schemes’

DEC 30, 2017 | by Joshua Althauser

India’s Ministry of Finance has claimed that Bitcoin and the other digital currencies are like Ponzi schemes and issued a warning for investors.

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Former Indian Gov’t Official Shaktikanta Das: Crypto “Should Not Be Allowed At All”

MAR 12, 2018 | by Helen Partz

Former secretary of Economic Affairs of India has claimed that cryptocurrencies should be banned since there is no effective way to regulate them.

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