India Coin (INDIA) News

The Reserve Bank of India (RBI), the country's central bank, is looking into the need to launch its digital currency (CBDC). In a brochure on payments systems published on Monday, January 25, RBI said it is going to explore launch options if the need for the digital rupee arises. “Private digital...

The Central Bureau of Economic Intelligence of India (CEIB) is proposing an 18% tax on crypto trading. The agency classifies BTC as an "intangible asset". That is a Goods and Services Tax (GST). The government is currently considering a suggestion that would levy a tax on every bitcoin...

India's most popular cryptocurrency market CoinDCX soared $ 13.9 M in a Series B funding stage headed by Block.one, the creator of the EOS project. Among the participants were Temasek, Jump Capital, Coinbase Ventures, and Bain Capital. In March 2020, CoinDCX reached $3 M in a Series A from ...

The Twitter account of Narendra Modi, India's Prime Minister, was attacked. Officials announced that the attacked account was connected with Modi's individual website and mobile app. The criminals called their account "John Wick". They sent messages requesting contributions in Bitcoin...

Recently, the Supreme Court of India lifted the Reserve Bank’s ban on crypto services by local financial organizations. Internet users took the court decision as a relaxation of pressure on the industry and sharply increased investment in bitcoin. An inflow of capital was recorded by the Paxful...

The American bitcoin exchange Kraken will return to India with a full range of products, including the futures, derivatives market, and spot trading. This decision was made after the Supreme Court of India lifted the ban on the central bank to carry out operations with digital assets by reporting...

The Reserve Bank of India plans to file a motion to review the Supreme Court's decision to regulate the first crypto coin and other cryptocurrencies. It is reported by the Economic Times. According to the publication, the regulator fears that the decree could lay the foundation for crypto trading...

The Reserve Bank of India (RBI) Directive banning accountable organizations from providing banking services to companies involved in the trading of BTC and other cryptos has been repealed by a decision of the country's Supreme Court. Earlier, cryptocurrency exchanges, startups, and other industry...

The government of India is developing a national framework, which is going to maintain the broader deployment of blockchain use cases. Sanjay Dhotre, minister of state for electronics and IT (MeitY), said that the government is preparing an approach paper on the National Level Blockchain Framework,...

Rajnath Singh, Defense Minister of India, believes that AI, blockchain, and Big Data have already changed the paradigm of warfare. Their use is necessary to protect critical infrastructure, he concluded. Singh made this statement during a speech to representatives of 80 states who will visit the...

On of the Indian mobile operator', Reliance Jio Infocomm, owned by the country's richest man Mukesh Ambani, intends to launch its own blockchain within a year. This was stated by Ambani himself. “From the first day, tens of thousands of active nodes will be online,” he stressed. So, it is...

India, which is the third greatest economy in Asia, doesn’t seem to admit the idea of Libra coin. Subhash Garg the secretary of Economic Affairs said in New Delhi interview on 6 July that the design of Facebook’s coin is not totally explained, but anyway it is going to be a private currency,...