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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 … Read more
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 … Read more
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 … Read more
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 … Read more
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 … Read more
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 … Read more
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 … Read more
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 … Read more
The Supreme Court of India has set a new date to hear the crypto case. News.Bitcoin.com has learned what happened in the latest hearing when the government was expected to deliver crypto regulation and why the case was adjourned within minutes. Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request Crypto Case Update … Read more
The inaction of India’s supreme court to end the prolonged banking restriction has forced another cryptocurrency exchange to shut down. The exchange has given its users 30 days to withdraw funds at increased fees, prompting several other exchanges to offer to refund these fees for customers switching to them. Also read: Indian Supreme Court Set … Read more
