India

Central banks’ policy making has played a key role in manufacturing the 2008 financial crisis. One of the responses to that crisis was Bitcoin. With its decentralized system and peer-to-peer technology, cryptocurrencies such as Bitcoin have the potential to dismantle the traditional banking system. Therefore, the banking system has maintained a negative stance irrespective ofContinue reading “India: RBI shares concerns about crypto hazards; apprehensive about crypto ads”

While the Indian administration is making an attempt to onboard policymakers for a progressive crypto law, recent reports also suggest otherwise. With watchdogs like the central bank maintaining a cautious stance on the sector, India might allow only pre-approved tokens to trade. Recently, Swadeshi Jagaran Manch (SJM), a political organization in the country also suggestedContinue reading “Indian businesses ride crypto-wave despite uncertain regulatory framework”

Cryptocurrencies have the potential to disrupt human life as we know it. It has evolved as a strong asset class while making giant strides towards becoming a designated “currency.” Institutions, even countries, want to dig deep to capitalize on this asset class. India, with a population of 1.39 billion is riding the same wave asContinue reading “India to tighten crypto regulations, may allow only ‘pre-approved’ crypto tokens”

As the regulatory landscape in India is expected to slowly gain clarity on the crypto front, officials appeared bullish on an Indian CBDC next year. As per local reports, a senior central bank officer confirmed, “I think somewhere it was said that at least by the first quarter of next year a pilot could beContinue reading “India: RBI clamps down on illegal digital lending before CBDC pilot next year”

India’s crypto scene has been catching momentum, of late. This has followed after the government offered some clarity on its stance. The crucial meeting on 15 November yielded a positive result for crypto enthusiasts in India. Consequently, the talks of crypto regulation aired, and the fear of a blanket ban on crypto was ruled out.Continue reading “India might permit crypto as assets, zero out the currency factor”

Over the past few days, India has maintained a spotlight on the crypto-market. In fact, the government also concluded its first stakeholders meeting yesterday with more regulatory clarity expected in the coming days. During the meeting, there was a ‘consensus‘ that “cryptocurrency can’t be stopped, but it must be regulated.” Jayant Sinha, Chair of theContinue reading “India: Why regulations might have to wait until a formal ‘understanding’ of crypto”

The situation is heating up in India, with national parties and leaders putting a glaring spotlight on Bitcoin. Is this crypto politics? After Opposition leader Rahul Gandhi accused the ruling party of covering up a big “Bitcoin Scam” on Saturday, the accused fired back. However, this tweet from Gandhi did what years of discussions betweenContinue reading “India’s crypto-dilemma finally brings PM Modi to the table”

What should have been a standard investigation into a South Indian crypto hacker has boiled over to become a national-level political clash, with opposition party members accusing the ruling government of high-level corruption. Big, bigger, and biggest On 13 November, Indian Parliament member Rahul Gandhi tweeted about a Bitcoin scam, where he also spoke aboutContinue reading “In India, one Bitcoin hacker triggered a national-level political meltdown”

India’s Parliamentary Standing Committee on Finance has recently listed a notice for crypto players in the country. The agenda on the notice stated, “Hearing of the views of associations, industry experts on the subject of ‘CryptoFinance’: Opportunities and challenges.” The meeting, which is scheduled for 15 November, is likely for inputs from the crypto stakeholdersContinue reading “India’s Parliamentary Committee to meet crypto industry players on November 15”