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.

Government Sites in India Among Prime Targets for Cryptojacking, Research Shows

SEP 17, 2018 | by Marie Huillet

Official government websites have become a prime target for cryptojacking in India, according to research from local cybersecurity experts.

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India Approves MOU on Joint Blockchain Research with BRICS Members

SEP 12, 2018 | by Ana Alexandre

The Indian government has approved an MOU on the joint research of blockchain technology application under the BRICS Interbank Cooperation Mechanism.

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Two US States Implore Indian Authorities to Seize Property of BitConnect Promoters

SEP 12, 2018 | by Ana Alexandre

Two U.S. states have asked Indian authorities to seize the property of the promoters of alleged BTC Ponzi scam BitConnect.

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India: Former Legislator Remanded in Custody in Connection With Bitcoin Extortion Case

SEP 11, 2018 | by Ana Alexandre

Former Indian politician Nalin Kotadiya has been remanded in custody for his alleged involvement in a 200 BTC extortion case.

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Hodler’s Digest, September 2-9: Goldman Sachs Says ‘No Thanks’ to Crypto Trading Desk, While India Sends Officials to ‘Crypto College’

SEP 09, 2018 | by Molly Jane Zuckerman

Google Cloud embraces the Ethereum blockchain dataset and Goldman Sachs reportedly shelves its crypto trading desk project.

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India Sends Officials to US, Japan and Switzerland to Study Cryptocurrency and ICOs

SEP 03, 2018 | by Ana Berman

The Securities and Exchange Board of India releases an annual report days before the Supreme Court hearing on the country’s cryptocurrency ban for banks.

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Reserve Bank of India Confirms It Is Looking Into Making a Central Bank Digital Currency

AUG 30, 2018 | by Marie Huillet

The Reserve Bank of India has confirmed the creation of an inter-departmental group tasked with analyzing the feasibility of issuing a rupee-backed central bank...

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India: Sources Claim Central Bank ‘Researching’ Blockchain to Decide ‘What It Can Adopt’

AUG 27, 2018 | by William Suberg

Reports are surfacing that the Reserve Bank of India has been researching cryptocurrency and blockchain since July.

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Online ID Control: Blockchain Platforms vs. Governments and Facebook

AUG 23, 2018 | by Simon Chandler

Blockchain-based ID platforms will give us data security and control, but at a cost to decentralization.

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Police Arrest Alleged India Head of Now-Defunct Bitconnect Scam

AUG 20, 2018 | by Marie Huillet

Indian police have arrested a man who was allegedly involved in promoting the Bitconnect investment scam.

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India: Government to Consider Allowing Crypto Tokens, But Not Cryptocurrencies

AUG 10, 2018 | by Marie Huillet

The Indian government is reportedly considering whether to allow crypto tokens to be used within the country.

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Indian State of Telangana to Sign MoUs With Blockchain Firms, Streamline Gov’t Services

JUL 27, 2018 | by Helen Partz

The Indian state of Telangana will sign MoUs with blockchain-focused firms to introduce DLT-powered government services.

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BRICS Summit: Major Banks From Member States Sign MoU on DLT Research

JUL 27, 2018 | by Max Yakubowski

Major banks from BRICS member states; Brazil, Russia, India, China, and South Africa, will study blockchain tech implementation.

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Indian Crypto Exchange Unocoin Suspends Fiat Deposits, Withdrawals in Wake of RBI Ban

JUL 24, 2018 | by Marie Huillet

Indian crypto wallet provider and exchange Unocoin has suspended rupee deposits and withdrawals “as per orders” from the country’s central bank.

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Reserve Bank of India Urges Supreme Court to Regulate Crypto

JUL 22, 2018 | by Helen Partz

The Reserve Bank of India has urged the Supreme Court to regulate crypto, following the postponement of a hearing on the bank’s crypto dealings ban.

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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.

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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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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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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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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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