Indian cryptocurrency exchange Coinome has announced it will be halting operations as of May 15, ostensibly due to regulatory difficulties.
India News
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.
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by Henry Linver
The purported crypto ban represents the latest shaky step for the Indian government.
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A draft bill that would outright ban cryptocurrency is reportedly circulating among various departments of the Indian government.
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by Thomas Simms
Fintech firms can put blockchain technology to the test, but cryptocurrency projects are excluded, India’s central bank has announced.
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Major American cryptocurrency exchange and wallet provider Coinbase has expanded its crypto-to-crypto trading to more countries.
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The exchange, like others in India, faces an ongoing stranglehold on operations by the central bank.
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by Ana Berman
Samsung SDS reportedly will work with Indian IT giant Tech Mahindra in an attempt to enter the overseas blockchain market.
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Major Indian banks plan to focus on blockchain tech implementation to increase digital transaction quality.
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The Supreme Court of India has granted interim bail to two brothers who are among the chief suspects accused of running a Bitcoin (BTC)-related Ponzi scheme.
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Indian cryptocurrency exchange Coindelta is terminating its services in light of the adverse operating climate for crypto businesses in the country.
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by Aaron Wood
Major private Indian bank, Federal Bank, has partnered with Ripple for its cross-border remittances network.
- Analysis
India crypto and blockchain advocates protest in advance of a crucial supreme court hearing.
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India has launched a pilot blockchain e-marketplace aimed at improving transparency and traceability of coffee produced in India.
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Bahrain has invited Indian companies to its fintech sandbox in a bid to promote new technologies in the region.
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