An Indian governmental committee is reportedly concerned by the impact that crypto could have on the country’s fiat currency, if it is allowed to be used for pa...
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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11 Indian banks are involved in consultations to bolster blockchain-based supply chain financing for micro, small and medium sized businesses.
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by Ana Berman
A research institute established by the Indian central bank has issued a roadmap on blockchain adoption.
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More global oil and gas giants have joined the blockchain-based platform for trading energy commodities.
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India’s first digital bank, the DBS-owned Digibank, is allegedly closing accounts involved in crypto-related activity.
- Hodler’s Digest
The network of altcoin Ethereum Classic undergoes a 51 percent attack, and Fortnite removes Monero from their merch store.
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Kotak Mahindra Bank, India's second largest private sector bank by market cap, is allegedly requiring account holders to refrain from dealings in cryptocurrency...
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The number of crypto ATMs installed worldwide has surged past the 4,000 mark, despite persistently bearish market action.
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Indian police have arrested an associate of a group accused of a $71.6 million crypto scam.
- Hodler’s Digest
A Georgian state senator reports to jail over alleged crypto mining equipment theft, and Bakkt closes a $182.5 million funding round.
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by Ana Berman
The Reserve Bank of India issues its annual financial report, stating that cryptocurrencies pose no threat to the financial industry.
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by Aaron Wood
Indian police in the state of Jammu and Kashmir have issued a public statement, warning against investing in cryptocurrencies.
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A source reported that the Indian central bank thinks it is too early to develop or implement a central bank digital currency.
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Previous suggestions of a lasting stance on crypto from India’s government appear to have been overturned by fresh comments.
- Hodler’s Digest
Bitcoin Private confirmed the secret creation of an additional 2 million coins, and South Korea rules in favor of Bithumb in investor lawsuit.
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