News
Pradeep Bhandari, spokesperson for India’s ruling BJP party, called for a Bitcoin reserve pilot and clarity on the country’s “taxed but unregulated” approach to crypto.
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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.
- Explained
A 30% tax on crypto profits in India is only part of the story. Traders face even bigger hurdles under the current tax regime.
- News
India-focused crypto exchange WazirX is relocating operations to Panama and rebranding its parent company as Zensui.
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Reuters reports that Coinbase was made aware in January that an employee of an outsourcing company could have leaked its customer data, months before its recent public disclosure.
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India’s central bank is scaling up its digital rupee pilots with new features like programmability and offline payments, aiming for broader financial inclusion.
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India’s Supreme Court questioned the government’s failure to regulate cryptocurrencies despite taxing them, warning that Bitcoin and similar assets pose economic risks.
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US officials are reportedly investigating a data breach that caused many social engineering attacks against Coinbase users and prompted a slew of lawsuits.
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All the Coinbase customer service agents whom cybercriminals allegedly bribed to gain access to user data were based in India, according to Philip Martin.
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The order issued in the High Court of Karnataka stemmed from a complaint alleging that employees of an Indian design firm received offensive emails through Proton Mail.
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India has one of the fastest-growing Web3 investor and developer communities despite harsh crypto taxation requirements.
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Crypto exchange WazirX is waiting for a hearing to take place in mid-May that will allow it to restart operations and compensate affected users.
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Polygon is working with telecom giant Reliance Jio to integrate blockchain into web services and solve real-world problems for over 450 million users.
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Across Protocol, Crossmint, Validation Cloud, Abound, Scytale Digital, Chronicle, Halliday and Level USD announced funding rounds in March.
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MahaKumbh 2025 showcased India’s metaverse potential, merging spiritual traditions with immersive technologies. India is on a unique path toward a culturally rooted digital revolution.
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Russian oil firms are using Bitcoin and USDt for trade with China and India despite global sanctions, according to Reuters.
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