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Indian Supreme Court Wraps up Crypto Hearing for the Year


The Supreme Court of India called on for hearing on Monday the writ petitions challenging the banking restriction by the Reserve Bank of India (RBI). After hearing from the RBI’s counsel, the court wrapped up the case for the year. Its decision follows Lok Sabha, the lower house of the Indian...

India Eyes Cryptos to Benefit from its Potential


Indian investors may get an interesting option to fetch healthy returns within a few years as the country may see the dawn of cryptocurrencies in the region. However, the fastest growing economy is yet to open the doors for digital coins and has not given any such sign. Despite the current negative...

Indian Government Delays Introducing Cryptocurrency Bill


The Indian government previously told the supreme court that the country’s cryptocurrency bill may be introduced in the Winter session of parliament. However, the crypto bill is not included in the agenda published by Lok Sabha, the lower house of India’s parliament. This gives...

Brazil, Russia, India, China and South Africa Have a ‘Crypto’ Plan


Source: iStock/Gil-Design The BRICS Business Council has discussed the possibility of creating a single 'cryptocurrency' to facilitate settlements between member countries, after Russia’s sovereign wealth fund put forward a proposal. The BRICS nations – Brazil, Russia, India, China and South Africa...

Indian Government Programs Add New Crypto Courses


The Indian government has added new educational courses teaching cryptocurrency and blockchain technology to the public and law enforcement officers. Amid regulatory uncertainty and banking restrictions, cryptocurrency and blockchain technology remain important topics of study in India. Also read:...

Corrupt CBI Officer Booked for Extorting Vigilante Bitcoiner


India’s Central Bureau of Investigation (CBI) has reportedly booked its own officer in an extortion case involving bitcoin. The target was a man who previously fell victim to the Bitconnect scam and allegedly resorted to extreme measures to recoup his money. Also read: China Now Censors...

Reserve Bank of India (RBI) Eases Refinancing Limits on Selected Borrowers


In a development that should come as a major boost for Indian banks that operate overseas, the Indian central bank RBI eased restrictions with regards to refinancing certain loans. According to the policies that are going to go into effect in December this year, foreign branches of Indian banks...

Bithumb on the Lookout for Partnering Opportunities in India


Bithumb Global, South Korea based cryptocurrency exchange, is looking to build a legislated exchange for cryptocurrencies in India. The firm will reportedly talk terms with Indian regulators to initiate the operations for the exchange. The firm is anticipated to be on the lookout for expansion...

190 Indian Bank Locations Raided in Massive Fraud Crackdown


India’s Central Bureau of Investigation has reportedly raided over 190 bank locations nationwide in an effort to crack down on fraud involving at least 15 banks. As many as 1,000 officers were involved in what is now one of the largest coordinated searches in India this year. Also read: State...

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