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.

Video
The Bitcoiner had visited eight different countries out of his goal of forty and was in Africa at the time of Cointelegraph’s interview.
Crypto Stories: YouTuber Paco de la India explains his travels using Bitcoin
Turner Wright
2022-06-24T22:15:00+01:00
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News
“One of the reasons it is so successful is because it's simple,” he added while comparing the Unified Payments Interface’s (UPI) growth with blockchain technolo...
CBDCs can “kill” private crypto: India’s RBI deputy governor to IMF
Arijit Sarkar
2022-06-04T07:29:40+01:00
5762
News
Prada Timecapsule is set to launch on Thursday, Eurovision Winners Kalush Orchestra raised 50 ETH for Ukraine, P2E games see a rise in developing regions, and R...
Nifty News: Prada launches new fashion NFT, P2E games witness growth in India
Tom Farren
2022-06-01T19:07:00+01:00
1827
News
The document, which could define a national framework for digital assets, is almost ready.
India cooperates with IMF on crypto consultation paper
David Attlee
2022-05-31T12:18:21+01:00
1966
News
Halfway through 2022, at the proof-of-concept stage, RBI is in the process of verifying the feasibility and functionality of launching a CBDC.
India to roll out CBDC using a graded approach: RBI Annual Report
Arijit Sarkar
2022-05-28T06:05:22+01:00
4509
News
Developing countries have more than double the amount of people positive that the Metaverse will impact their lives, and they’d use it daily in comparison to de...
Developing countries love the Metaverse, rich nations not keen: WEF survey
Jesse Coghlan
2022-05-26T03:38:46+01:00
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Analysis
India’s “blockchain, not crypto” stance has led to disastrous crypto policies, forcing several thriving crypto firms to relocate.
Indian government’s ‘blockchain not crypto’ stance highlights lack of understanding
Prashant Jha
2022-05-19T17:02:57+01:00
2732
News
Crypto “will seriously undermine the RBI’s capacity to determine monetary policy and regulate the monetary system of the country,” according to Reserve Bank of ...
RBI warns of crypto ‘dollarization’ of Indian economy
Brian Quarmby
2022-05-17T07:03:11+01:00
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