India Coin (INDIA) News

Today India is one of the few countries that intend to work with cryptocurrencies in the long term. The government of this state has been going for a long time to create a regulatory framework for digital currencies and recognize them as a separate class of assets. Recently, the Indian authorities...

Prime Minister of India, Narendra Modi tweeted about the crypto sphere saying democratic nations must team up to work on the industry together, and make sure that crypto doesn't appear in the wrong hands. Otherwise, it will spoil the youth, the politician wrote. Modi expressed his opinion during...

At the end of October, Indian media reported on the plans of the country's authorities to decide on the legalization of the cryptosphere. The Ministry of Finance will prepare the corresponding bill by February next year. On the coming Monday, negotiations will take place between representatives of...

Back in early June, it became known about the Indian government's plans to liberalize its policy concerning the cryptocurrency sphere. The journalists found out that the country's authorities have decided to legalize innovative tools. The corresponding bill will be developed by experts from the...

On October 21, India's top securities regulator, the Securities and Exchange Board of India (SEBI), issued a notice over crypto trading, telling advisers not to deal in assets that are unregulated in the country. In the notice, SEBI announced it would take action against investment advisers...

At yesterday’s blockchain conference, former Deputy Governor of the Reserve Bank of India Rama Subramaniam said that the government should seriously think about the full adoption of digital money. The man believes that India should start treating cryptocurrencies as full-fledged taxable assets....

India has joined those states that are accelerating the development of a national digital currency. Testing of the Central Bank token (CBDC) should begin before the end of this year. Shaktikanta Das, representing the leadership of the Central Bank, told the journalists about this. The Reserve Bank...

Soon, India will be able to become one of the first states to introduce blockchain into e-government in higher education. So, the authorities of Maharashtra have officially announced the conclusion of a partnership with the blockchain company LegitDoc. Officials want to leverage Ethereum's...

Crypto exchanges serving Indian traders see no reason to panic despite the dominance of bearish sentiment in the market. As Business Insider India clarifies, local trading platforms, on the contrary, are actively developing infrastructure for transactions with digital currencies. The exchanges were...

Data from Chainalysis shows that Indian's share of crypto investments has gone up to $40 M. Last year, the amount was $200 M. The youngest investors of the country are more tended to invest in cryptocurrencies than in precious metals. Over 15 million Indians are now purchasing cryptocurrencies....

The Reserve Bank of India (RBI) has remained critical of cryptocurrencies, head of the regulator Shaktikanta Das said during an online conference. “RBI has serious concerns about cryptocurrency that we have reported to the government,” Das said. In 2018, the regulator banned the controlled...

Several cryptocurrency exchanges in India will send their proposals to the authorities for effective regulation of the industry. Among the recipients of the document are Finance Minister Nirmala Sitharaman and the Reserve Bank (RBI). The authors of the initiative included information on global...

Bitcoin exchange Coinbase plans to open an office in the Indian city of Hyderabad, despite a possible cryptocurrency ban in the country. Coinbase has more than 10 job openings in India, according to Linkedin. According to a blog post, the company is looking for employees for software development,...

Successful entrepreneur, co-founder of major technology company Infosys, Nandan Nilekani says cryptocurrency should be considered an asset class in the country. On March 15, officials announced that the Indian government is going to put forward a bill forbidding crypto assets. Nilekani talked...

Reuters writes as stated by an Indian senior government executive the republic is going to put forward a law forbidding crypto assets. If the law passes, trading and holding crypto assets will be penalized. The same refers to release and mining. In January the government of India submitted a draft...

The condition of the crypto sector isn't distinct in India. On January 30, the Government of the Republic represented a draft suggesting banning private crypto assets. Instead, the authorities put forward forming a system for a central bank digital currency (CBDC). The Parlament will consider the...

The Indian government is considering an abbreviated procedure for passing a digital asset industry regulation law. The country's government is considering a bill that will ban the use of private digital currencies, as well as, create a regulatory framework for the “digital rupee”. The bill is...

The Indian government does not want to ban cryptos completely but intends to regulate this segment of the economy. Minister of Finance of the country Anurag Singh Thakur told about it last Tuesday. He emphasized that at this stage, the Cabinet of Ministers faces the task of increasing the...