This week has been somewhat positive for the cryptocurrency community. Starting with Bitcoin’s price, which began trading at $8,600 but, since then, it has risen to the current stance of above $9,000. Following its increase, Bitcoin is starting to escape the correlation it recently demonstrated with the traditional financial world markets. As the coronavirus outbreak...Read More
A day after the Indian Supreme Court removed the ban on cryptocurrency usage, the interest in the country has been spiking. While the nation prepares for the following steps, the leading Indian cryptocurrency projects, such as Matic Network and WazirX, are already feeling the positive effects. Removes The Negative Sentiment Amongst The Average Indian The...Read More
Today’s date will be marked in the Indian crypto sphere. On March 4th, 2020, the Supreme Court lifted the curbs on exchanges in cryptocurrency imposed by the Reserve Bank of India. The judgment came after a series of hearings challenging RBI’s ban on financial firms or individuals in India from trading in cryptocurrencies. However, the...Read More
India remains one of the countries in the world with regulatory uncertainty when it comes to cryptocurrencies. While the Reserve Bank of India (RBI) has already clarified that digital assets are not illegal in the country, the Police department of Tamil Nadu has issued a fresh warning that the public should steer clear of cryptocurrencies. ...Read More
Malta-based Binance and India’s WazirX have undergone several developments together over the past few months. Soon after one of the world’s largest crypto-exchanges announced the acquisition of the India-based crypto-trading platform, a sense of optimism enveloped India’s crypto-ecosystem. According to a recent announcement by Binance, the Malta-based exchange would now be integrating WazirX’s P2P trading...Read More
The Supreme Court resumed hearing in the ‘Crypto V. RBI’ case on 28 January and is yet to pronounce a judgment. With IAMAI’s counsel, Ashim Sood and cryptocurrencies exchange counsel Nakul Dewan, the judges’ bench was presented with various arguments against RBI’s “decision to control consumer behavior”. Sood argued that the central body failed to...Read More
Cryptocurrency has always remained a sore subject in any country’s regulation. Due to the lack of knowledge, cryptos are not receiving the intended growth scope. Some of the regions have fully regulated cryptocurrency laws, while some are on the verge of regulation. Moreover, there are even some regions where crypto is totally a banned subject....Read More
Last year was pretty dismal for the bitcoin and crypto industry in India. Regulatory procrastination and a negative outlook from politicians have stifled the ecosystem and innovation, will 2020 be any better? BITCOIN BATTLING IN INDIA The Reserve Bank of India (RBI) has been relentless with its disapproval towards bitcoin and the crypto industry over...Read More
The future of digital assets in India may remain uncertain for a long period of time. However, the implementation of blockchain continues to grow at a rapid pace in the country. According to a report by the Economic Times, Kerala may soon be on its way to becoming the first Indian state to successfully introduce...Read More
India’s former Finance Secretary, Subhash Chandra Garg, has been very vocal about cryptocurrencies for a long time now, having also played a significant role in shaping the country’s draft policy on cryptocurrencies. Garg has now released a new blog post on crypto and digital currencies titled, “Currencies will be digital; cryptocurrencies will not survive,” a...Read More
India’s former Finance Secretary Subhash Chandra Garg has shared his views on the future of cryptocurrency, both in India and worldwide. He headed the committee responsible for drafting the infamous bill to ban cryptocurrencies, which the crypto community calls flawed in many regards. Also read: Regulatory Roundup – China Blockchain ETF, New French Crypto Rules,...Read More
India has been one of the most notable emerging economies in the world in the last few decades. It currently stands at seventh place with a nominal GDP of $2.72 trillion and it is expected to overtake the United Kingdom in years to come. India’s PM Narendra Modi envisioned a dream of making India a...Read More
2019 was a crazy year for cryptocurrency enthusiasts and a number of interesting events happened throughout the last 12 months. It’s hard to keep track of the day-to-day activities taking place within the cryptosphere and there may be a few incidents some of our readers missed. At news.Bitcoin.com we took the opportunity to scan our...Read More
The Indian crypto community has had an eventful year, with a bill on the horizon, the RBI ban’s supreme court hearing, and the community’s efforts toward positive crypto regulation. News.Bitcoin.com interviewed Nischal Shetty, CEO of local crypto exchange Wazirx, about what the Indian crypto industry could expect in the year 2020 and a wide range...Read More
The National Power Training Institute, under India’s Ministry of Power, is offering blockchain training in multiple cities throughout the country. Participants will learn about blockchain technology, its use cases, smart contracts, Ethereum, cryptocurrency, Bitcoin, and even mining. Also read: Regulatory Roundup – New US Crypto Bill, France’s 1st Approved ICO, Muslim Crypto National Training Institute’s...Read More
Crypto in India is still yet to be adopted on a full scale. Yet, as well as based on DLT. The platform will ensure super-speed, efficient and easier transactions. NPCI ventured into the distributed ledger technology realm to create a payment system that allows for high-speed, super-secure transactions in India. Vajra Indian blockchain payment system...Read More
India’s topmost cryptocurrency exchange WazirX has started a trading marathon on its exchange. The “Highest Trader Kaun Marathon” has started from 9 am IST and will continue for the next 12 hours on 26th Dec 2019. The platform has only opened this marathon for Chiliz crypto and only trading pair available for trading is CHZ/USDT....Read More
Banking services platform Cashaa has seen significant growth in crypto trading volume in India since it began offering INR deposits and withdrawals. The platform has cut its fees by more than 50% and is getting ready to add five more cryptocurrencies for users in India, Cashaa has shared with news.Bitcoin.com. Also read: Regulatory Roundup –...Read More
Bitcoin billionaire Tim Draper takes a hard stance on India’s new controversial citizenship law. | Image: REUTERS/ Stephen Lam Tim Draper has suggested he will not tolerate religious discrimination. The Draper Venture Network is currently invested in India. The venture capitalist earlier this year criticized a proposed cryptocurrency ban in the world’s biggest democracy. Bitcoin...Read More
India’s largest cryptocurrency exchange WazirX is constantly improving and upgrading its services. The team led by Nischal Shetty and Siddharth are working diligently to enhance the user experience. As we write, there comes a new update to their peer-to-peer payment. WazirX Cofounder Siddharth got on to Twitter to elaborate on the latest upgrade. As per...Read More
As the Indian government deliberates on the country’s crypto policy, there has been some confusion in media reports regarding crypto regulation in India. A group of local crypto enthusiasts and community members have gathered in an effort to ensure that the crypto situation in India is accurately portrayed. Also read: Indian Lawmaker Says ‘Cryptocurrency Is...Read More
India has embraced blockchain technology and many tech-based companies have found use-cases for this decentralized and distributed digital ledger. Infosys, one of India’s premier technology services and consulting firms, announced on 18 December the launch of three comprehensive blockchain-powered distributed applications for government services, insurance, and supply chain management domains. The company defined these three...Read More
Beijing’s sudden rush into blockchain development and digital currency hasn’t gone unnoticed. From America to Europe and back to Asia, governments have started thinking about this new racetrack in more serious terms. India has a history of tensions with China, although the countries have a lot in common as well. The two regional rivals share...Read More
Industries across different domains have tried to deploy blockchain technology meaningfully in their businesses in a bid to eliminate redundancies and reduce time and risk. In a recent development, India’s largest IT services company, Tata Consultancy Services [TCS], has announced that its Quartz DevKit, a blockchain app development kit, is available for enterprises to build...Read More
In this regulatory roundup, we cover a positive crypto story in India, China’s year-end rankings, and the European Central Bank entering the stablecoin race. We also cover the New York regulator’s proposed Bitlicense revision — the first in five years — and several other notable regulatory developments in the crypto space. Also read: Regulatory Roundup...Read More
The cryptocurrency situation in India remains very difficult to assess. Most government officials want nothing to do with bitcoin, but can they avoid the inevitable? As far as Indian Parliament member Dr. Subramanian Swamy is concerned, embracing cryptocurrency is a must. India Might Push to Adopt Cryptocurrencies Soon He is one of the few people...Read More
Indian Parliament member Dr. Subramanian Swamy has shared his view on cryptocurrency. Advocating for India to make the transition to crypto, he reportedly said, “cryptocurrency is inevitable.” The lawmaker will chair a conference at the UN India’s headquarters next week where issues surrounding cryptocurrency in the country will be discussed. Also read: Regulatory Roundup –...Read More
The founder of now-defunct crypto exchange Quadrigacx may still be alive, even though he supposedly died in India about a year ago. A court-appointed law firm is seeking an answer on behalf of affected users. The firm has requested an exhumation and post-mortem autopsy in Canada of the body of Gerald Cotten, as some 76,000...Read More
What is the second realm? It’s both an abstract and concrete “place” parallel to here, where temporary autonomous zones (TAZ) provide a chance to escape the burning surveillance spotlight of the state and brutal law enforcement culture, and allow for at least temporary exercises of human rights and freedom. A TAZ may allow for free...Read More
In this regulatory roundup, we cover the U.S. SEC approving a bitcoin futures fund, the new IRS tax form targeting crypto owners, and several more steps taken by the U.S. government toward crypto regulation. We also cover India’s central bank digital currency plan, South Korea’s crypto taxation plan, and the European Commission’s announcement regarding stablecoins....Read More
