India News

State Bank of India Chair, Rajnish Kumar Says Crypto Regulation is a Must
State Bank of India Chair, Rajnish Kumar Says Crypto Regulation is a Must
24 October 2019, 14:57
Rajnish Kumar, Chairman of the State Bank of India (SBI) has said that in order to prevent misuse, crypto regulation is a must.
DCG Study Finds Regulatory Uncertainty as ‘No 1 Enemy’ to Crypto Industry
DCG Study Finds Regulatory Uncertainty as ‘No 1 Enemy’ to Crypto Industry
08 October 2019, 20:08

Although regulators in several jurisdictions of the world have introduced some guidance for crypto industry participants since the start of the year, the lack of regulatory clarity remains a hurdle for the emerging industry, according to a new study by Digital Currency Group.

India: City Police Petitions Central Bank to Release $1.2M Seized Crypto Fund
India: City Police Petitions Central Bank to Release $1.2M Seized Crypto Fund
04 October 2019, 11:02
Pune Police authorities are asking the central bank to release proceeds that they realized from the sale of seized 244 BTC (appr $2 million) from a certain Akash Kantilal Sancheti.
Indian-State Backed Blockchain Hub Rolls Out Tamper-Proof Certificates
Indian-State Backed Blockchain Hub Rolls Out Tamper-Proof Certificates
30 September 2019, 08:37
The Kerala Blockchain Academy (KBA) has rolled out a new solution that allows the issuance of tamper-proof educational certificates using blockchain technology.
Why Banning Crypto in India is Not The Best Approach — Nasscom
Why Banning Crypto in India is Not The Best Approach — Nasscom
30 July 2019, 14:06
What does India stand to lose by banning cryptocurrencies? Nasscom says the disadvantages of doing so would outweigh any potential gains.
Tim Draper Slams India’s Bitcoin Ban Over Unconfirmed Reports
Tim Draper Slams India’s Bitcoin Ban Over Unconfirmed Reports
17 July 2019, 19:47
Tim Draper claimed that India has banned Bitcoin when official reports suggest otherwise.
India to Train Police on How to Catch Crypto Fraudsters
India to Train Police on How to Catch Crypto Fraudsters
08 July 2019, 17:58
The Ministry of Home Affairs India has announced a 2-day course to train police officials on detecting illegal crypto activity.
Regulatory Uncertainty Forces Koinex India to Shut Down
Regulatory Uncertainty Forces Koinex India to Shut Down
27 June 2019, 11:19
Koinex Exchange India would cease all trading activities on June 27, while users would have until July 15 to take their funds off the exchange.
Regal Coin Promoter Divyesh Darji Declared Wanted in India
Regal Coin Promoter Divyesh Darji Declared Wanted in India
04 June 2019, 13:31

Authorities in India are reportedly in a hunt for Divyesh Darji, the alleged founder of the Regal Coin cryptocurrency that defrauded investors during the ICO boom in 2017.

India Could Introduce Crypto Regulatory Bill in June
India Could Introduce Crypto Regulatory Bill in June
24 May 2019, 13:47
India's Parliament will during June’s Budget Session begin debates about a bill targeted towards the regulation of the use of cryptocurrencies in the country
Reserve Bank of India Asked to Reconsider Crypto Exclusion
Reserve Bank of India Asked to Reconsider Crypto Exclusion
16 May 2019, 13:31
India IT industry participants have urged the Reserve Bank of India (RBI) which serves as the nation’s financial authority to reconsider its decision to exclude crypto-related products from its fintech regulatory sandbox
Will India Ban Crypto? Ajeet Khurana Says It's Unlikely
Will India Ban Crypto? Ajeet Khurana Says It's Unlikely
09 May 2019, 20:41
"I have never heard them talk about banning it. So it’s very interesting that the people who could ban it, have never said they will ban it.” Ajeet Khurana
Will India’s Crypto Regulatory Attempt End in Official Ban?
Will India’s Crypto Regulatory Attempt End in Official Ban?
26 April 2019, 18:54
The Indian government has kicked off inter-ministerial consultation on a new bill targeting a ban on the use of cryptocurrencies. The framework is tagged “Banning of Cryptocurrencies and Regulation of Official Digital Currencies Bill 2019."
RBI Sidelines Crypto Startups as India’s Regulatory Rumble Continues
RBI Sidelines Crypto Startups as India’s Regulatory Rumble Continues
18 April 2019, 18:58

One month after the Supreme Court of India reportedly instructed the government to release regulations for the cryptocurrency industry, nothing has happened, and the industry has suffered yet another discrimination.

Suspects in Ongoing $300m Crypto Fraud Case Get Interim Bail
Suspects in Ongoing $300m Crypto Fraud Case Get Interim Bail
04 April 2019, 21:07
Amit and Vivek Bharadwaj, as well as three other suspects (Ayush Varshney, Rupesh Singh, and Sanchit), are believed that be the masterminds behind GainBitcoin and other crypto-related schemes sometime in 2013
Countries Expected to Introduce Crypto Regulation in 2019 or Later
Countries Expected to Introduce Crypto Regulation in 2019 or Later
05 March 2019, 20:38
In this in-depth article, we review the countries likely to introduce crypto regulations before the end of the year and the progress made so far by authorities in the respective regions.
Judges Issue Four Weeks Deadline For Indian Crypto Regulation
Judges Issue Four Weeks Deadline For Indian Crypto Regulation
25 February 2019, 15:16
Supreme court of India declares judgement day for crypto-regulation in the country
Indian Police Arrest 4 Crypto Crime Suspects — 1 Missing
Indian Police Arrest 4 Crypto Crime Suspects — 1 Missing
18 February 2019, 02:52
Four out of five alleged suspects who duped victims of roughly 1 billion rupees ($17 million) through a fake cryptocurrency—Cashcoin are now under custody.
Indian Committee Fear Crypto May Overtake Fiat
Indian Committee Fear Crypto May Overtake Fiat
04 February 2019, 22:17
One of the reasons why India is yet to roll out a regulatory framework for the cryptocurrency industry is that a committee set up in 2017 to review the matter fears that if the country stops its negative stance toward cryptocurrencies, then interest in the new currency could destabilize the Indian fiat currency, Rupees.
Indian Banks Add “No Crypto” to Terms and Conditions
12 January 2019, 22:12
A Twitter update from an Indian crypto enthusiast confirmed that Kotak Mahindra Bank and some other institutions are guilty of adopting stricter measures to discourage crypto adoption.
India Likely To Legalize Cryptocurrencies In 2019
26 December 2018, 07:46
The top Indian official who was quoted anonymously by the news source is said to belong to an interdisciplinary committee appointed in 2017, by the Indian Government. This body is primarily tasked with deciding whether the nation will legalize cryptocurrencies or continue with the outright ban which they have placed on it till date.
G20 To Align Crypto Regulations With FATF
G20 To Align Crypto Regulations With FATF
03 December 2018, 16:25
At a just-concluded G20 Summit held in Buenos Aires, Argentina, the body announced as part of its written declaration that they “will regulate crypto-assets for anti-money laundering and countering the financing of terrorism in line with FATF standards and we will consider other responses as needed”.
Indian Banks To Benefit From New DLT Pilot By SWIFT India and Fintech Firm Moneta Go
Indian Banks To Benefit From New DLT Pilot By SWIFT India and Fintech Firm Moneta Go
22 November 2018, 14:30
The Indian banking ecosystem is expected to improve after SWIFT India partnered with fintech firm, MonetaGo to pilot a new Distributed Ledger Technology (DLT) network
Indian Policy on Virtual Currencies Expected Early 2019
Indian Policy on Virtual Currencies Expected Early 2019
21 November 2018, 04:15
Indian will become among the world’s first governments to release draft of cryptocurrencies, ICOs and STOs regulations in early 2019 by Central Bank of India
India’s Richest Man’s Company Explores Blockchain Technology
India’s Richest Man’s Company Explores Blockchain Technology
05 November 2018, 16:04

Blockchain has continued to gain new converts every day and the latest of them is in India where oil and gas megabucks company - Reliance Industries, has made a landmark move towards the technology.

Hong Kong Stock Exchange Wants A Bite Of Blockchain Technology
Hong Kong Stock Exchange Wants A Bite Of Blockchain Technology
02 November 2018, 03:06

The Hong Kong Stock Exchange (HKEX) have joined a list of traditional security exchanges globally who are working toward integrating blockchain technology.

Indian Finance Minister To Ban ‘Private Cryptocurrencies’
Indian Finance Minister To Ban ‘Private Cryptocurrencies’
31 October 2018, 21:52

The government of India will likely continue its negative stance on cryptocurrencies according to a press release on Tuesday.