Category: India
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Indian Crypto Traders Undeterred by Ban Rumor
The Indian crypto community is undeterred by the widespread rumor that its government is discussing a bill which could ban some cryptocurrencies. Local crypto exchanges have revealed to news.Bitcoin.com that their trading volumes have been increasing despite this report. Meanwhile, experts have weighed in on this possible bill, and another crypto exchange may be shutting…
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11 Cryptocurrency Initiatives Indian Government Has Taken
The Indian government has engaged in numerous crypto-related initiatives and projects while actively drafting the regulatory framework for cryptocurrencies. Below are 11 crypto-specific initiatives that the government has been involved in. Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request Committee to Draft Crypto Law An interministerial committee under the chairmanship of Subhash…
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24 Countries and IMF Discuss Global Standards of Crypto Regulation
Twenty-four financial authorities and 11 international organizations, including the International Monetary Fund and the World Bank, recently gathered in New York and discussed global standards of crypto regulation. “It is important to consistently implement international standards,” said the chairman of South Korea’s top financial regulator who attended the meeting. Also read: Indian Supreme Court Postpones…
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India Progressing on Crypto Regulation Amid Ban Rumor
The Indian government has been progressing on cryptocurrency regulation. A recent report from the Ministry of Finance confirms some recommendations. Meanwhile, local media reported Friday that a draft bill on the regulatory framework for cryptocurrencies is being circulated among relevant government departments. Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request Ministry of…
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Blockfi Launches High-Interest Crypto Lending Program in India
US-based Blockfi has expanded into India, offering a high rate on its interest-bearing account for two cryptocurrencies. News.Bitcoin.com talked to Blockfi and a local Indian crypto exchange offering a similar program to find out how the two products differ. Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request Blockfi Launching in India New…
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5 Major Indian Laws That Apply to Cryptocurrency
India has a number of laws that currently apply to cryptocurrency. A new Cambridge University report explains some of these laws. News.Bitcoin.com talked to one of the authors of the report to uncover more details. Meanwhile, the Indian government is currently finalizing regulations specific to crypto assets. Also read: Indian Supreme Court Postpones Crypto Case…
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RBI Excludes Cryptocurrency From Indian Regulatory Sandbox
India’s central bank, the Reserve Bank of India (RBI), has unveiled its framework for a fintech regulatory sandbox. While blockchain and smart contracts are welcomed, the bank stated that cryptocurrency and related services “may not be accepted for testing.” Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request RBI Welcomes Blockchain Tech The…
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India’s New Crypto TV Talk Show to Start Airing This Month
A crypto-focused television talk show is launching in India this month. Several crypto-related issues will be discussed on the show, both about India and abroad, including the “burning issue” of Indian regulation. News.Bitcoin.com talked to the host of the show to find out more details. Also read: Indian Supreme Court Postpones Crypto Case at Government’s…
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How 5 Asian Countries Regulate Cryptocurrency
The Financial Stability Board has detailed how its member countries regulate crypto assets, who the regulators are, and the scope of their oversight. Most countries have more than one government body monitoring and regulating different aspects of crypto activities. Among the board’s Asian member countries, India is the only one with no legal mandate to…
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Indian Crypto Exchanges Share What Sets Their P2P Platforms Apart
Many cryptocurrency exchanges in India offer some kind of peer-to-peer (P2P) trading. News.Bitcoin.com talked to several of them to find out what is unique about each platform, most of which were launched in response to the banking restriction imposed by the country’s central bank. Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request…