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.

Top News

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In a letter to investors, BlackRock CEO Larry Fink highlighted the benefits of digital assets and said developing nations like the U.S. are lagging behind in in...

Developed markets lagging behind in digital payments: BlackRock CEO

Savannah Fortis

2023-03-16T13:54:40+00:00

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The similarity in the short forms of the two banks — SVB and SVC Bank — caused a mixup among a few Indian citizens as they took up the concern with the Mumbai-b...

SVB mixup forces India’s SVC Bank to issue a notice of clarification

2023-03-15T07:16:15+00:00

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Elizabeth Warren and Sherrod Brown didn’t miss a chance to attack the crypto industry after bank failures.

Silvergate and SVB bite the dust: Law Decoded, March 6–13.

2023-03-13T20:00:00+00:00

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The operators must store the transactions’ data for ten years and pass it to regulators on demand.

India subjects crypto transactions to Anti-Money Laundering law

2023-03-08T09:33:01+00:00

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Blockchain technology is empowering women in developing countries with financial freedom and improved access to social inclusivity and growth.

How blockchain empowers women in developing economies

2023-03-08T08:05:00+00:00

In addition to offline functionality, RBI is gauging CBDC’s potential for cross-border transactions and linkage with legacy systems of other countries.

India explores offline functionality of CBDCs — RBI executive director

2023-03-04T07:49:45+00:00

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A series of recommendations and papers setting standards for a global crypto regulatory framework will be released by the institutions in July and September.

FSB, IMF and BIS papers to set global crypto framework, says G20

Ana Paula Pereira

2023-02-26T15:54:08+00:00

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India’s finance minister called for a coordinated effort “for building and understanding of the macro-financial implications,” which could be used to build glob...

Coordinated global crypto policies: G20 key financial stability priority

2023-02-25T07:04:00+00:00

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