#India News

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India: NASSCOM Condemns Government’s Intentions to Prohibit Bitcoin and Cryptocurrencies

July 31, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin

The National Association of Software and Services Companies (NASSCOM), a non-profit trade association made up of firms in India’s information technology and business process outsourcing industry, has kicked against the government’s move to make bitcoin trading as well as transactions involving other blockchain-based digital assets illegal, reports LiveMint on July...

Shady man next to the India flag with pockets full of bitcoin

Why Banning Cryptocurrency Means Nothing for Crypto, but Everything for India

July 27, 2019 by Ashwath Balakrishnan at Bitcoin

Recently, a committee studying the effects of cryptocurrency and distributed ledgers in India recommended an outright ban on all cryptocurrencies. The committee was headed by the Secretary of Economic Affairs, Subhash Chandra Garg. While a sensitive agenda for regulators on a global scale, trying to ban a non-sovereign asset that...

India: Government Committee Recommends Cryptocurrency Ban

July 22, 2019 by Anthonia Isichei at Regulation

Despite an earlier statement from India’s Minister of State for Finance that the government wasn’t planning on banning cryptocurrencies, the Inter-Ministerial Committee (IMC) is proposing otherwise. According to the IMC report on July 22, 2019, the committee recommended a blanket ban on cryptocurrency and also penalties for conducting virtual currency...

Around The Block With Jeff And Dave - November 11, 2019

Around The Block With Jeff And David – July 22, 2019

July 22, 2019 by Around The Block With Jeff And David at Podcast

In this show, we discuss: Bitcoin breaking 10500 (again). Treasury Secretary Mnuchin dismissing bitcoin, and saying that it is only used by illicit users. Binance is rewarding XLM Hodlers - how can you get yours? India unbans cryptocurrencies, what does this mean for the price? China says Bitcoin is a...

CryptoKart's door closed, broken and ruined.

India: Cryptokart Exchange Shuts Down Citing Regulatory Uncertainties

July 22, 2019 by Ogwu Osaemezu Emmanuel at Regulation

Cryptokart, an India-based cryptocurrency exchange is now among several other bitcoin trading venues in the South Asian country that have closed their doors due to regulatory uncertainties and lack of interest on the part of consumers, reports New Indian Express on July 20, 2019. Another Indian Exchange Kicks the Bucket...

“No Cryptocurrency Ban,” Says Indian’s Minister of State for Finance

July 19, 2019 by Anthonia Isichei at Regulation

In the past months, there have been rumours about an imminent bitcoin ban in India. However, a government official recently stated that there were no plans to ban bitcoin or any cryptocurrency in the country as revealed in a July 16, 2019, Q&A with the nations Minister of Finance &...

Indian Elephant and Chinese Dragon Both Looking to a Libra Coin

China and India Are not Comfortable with Libra, Need More Information and Clarity

July 10, 2019 by Ashwath Balakrishnan at Altcoins

China and India combined comprise nearly 35 percent of the world population. Bloomberg reported that the People's Bank of China (PBOC) wants Facebook to reveal more information about Libra while Economic Times noted that the Indian Secretary of Economic Affairs believes the country is not comfortable with private currencies, July...

India Admits to not Conducting Due Research before Placing Cryptocurrency Ban

India Set to Train Police Officers on Crypto Crime Investigation

July 8, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin

In a bid to enlighten high-ranking police personnel on the workings of blockchain technology and equip them with the critical skills required to carry out investigations concerning Bitcoin-linked crimes, India’s national police academy, Sardar Vallabhbhai Patel National Police Academy (SVPNPA), has introduced a new educational course, reports Hard Fork on...

Hand Grabbing another Hand Reaching for Cryptocurrencies

Indian Law Forces Nab Four in Relation to Cryptocurrency Fraud Scheme

July 5, 2019 by Aisshwarya Tiwari at Regulation

According to a July 5, 2019, report by The Times of India, State Crime Investigation Department (CID) has unearthed yet another cryptocurrency scam in Surat, India, which is estimated to have defrauded investors of more than $180,000. Yet Another Indian Crypto Scam The Catch-22 situation of cryptocurrency regulations in India...

Russia Wont Ban Facebook’s Libra Cryptocurrency

July 5, 2019 by Ashwath Balakrishnan at Altcoins

Ever since the announcement of Libra, it has been the hottest topic of discussion amongst cryptocurrency enthusiasts, banks, tech companies, and regulators. As Europe and the USA struggle to come to terms with Libra, Russia is surprisingly calm on the issue, even confirming that the country doesn't plan to ban...

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