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OKEx Launches Indian P2P Trading Platform Despite Legal Uncertainty
5.8.2020
OKEx has launched a peer-to-peer trading platform and fiat onramp in India
Indian Government Actively Working Towards New Crypto Ban
5.8.2020
Five months after Indian courts lifted the blanket ban on crypto, an official said the government is considering a new law banning crypto
Government Official Updates Progress of India’s Cryptocurrency Law
4.8.2020
A government official has reportedly confirmed that a “note” regarding the legal framework for cryptocurrency in India has been forwarded to related ministries for inter-ministerial discussions. It would then be presented to the cabinet for approval. Status of Indian Crypto Bill...
Indians Five Times More Likely to Suffer Crypto-Related Hacks: Report
3.8.2020
People in India are five times more likely to suffer a cryptocurrency mining hack because of poor consumer awareness, according to a new security report by Microsoft. In its findings published July 29, Microsoft notes that although the number of similar attacks declined by 35% in 2019 from a year...
India Proposes Amnesty for Citizens Holding Unreported Gold
2.8.2020
The Indian Ministry of Finance has reportedly proposed an amnesty program for citizens holding unreported gold. The government plans to ask people to declare all their gold stashes to tax authorities and pay levies. The proposition has been made to Prime Minister Narendra Modi. New Gold Amnesty...
Indian Government Confirms Crypto Bill Is ‘Awaiting Approval’
31.7.2020
The Indian government has confirmed in a Right to Information (RTI) reply that the inter-ministerial committee’s cryptocurrency bill is “awaiting approval of the government.” The bill is currently being examined by various ministries. Indian Government’s Confirmation...
‘Huge Demand in India’ Spurs Zebpay to Launch OTC Bitcoin Trading Desk
30.7.2020
Indian cryptocurrency exchange Zebpay is launching an OTC bitcoin trading desk. The exchange has shared the details with news.Bitcoin.com, stating that “There is huge demand” among bitcoin traders and arbitrageurs in India for OTC desk services. Zebpay Sees Huge Demand for OTC Crypto...
Bitcoin Tops $11,000 Reigniting Interest in India
30.7.2020
A resurgent bitcoin is rekindling Indian interest in cryptocurrencies with reports suggesting many dormant holders are back to trading. A report in Livemint is also attributing the piqued interest to a recent Indian supreme court decision to overturn a prohibition that barred banks from dealing...
Indian Users Almost 5 Times More Likely to Encounter Crypto Hacking: Microsoft Report
29.7.2020
According to a cybersecurity report by Microsoft, among countries in Asia-Pacific, Sri Lanka faces the highest rate of encounter with such attacks with neighboring India in second place
Cryptojacking Almost 5 Times More Prevalent in India Than Global Average
29.7.2020
A new Microsoft report states that India encounters the second-highest number of cryptojacking incidents in the APAC region
Is Bitcoin Mining Legal in India? Miners Still Don’t Know
28.7.2020
Following a recent Supreme Court decision, India's crypto industry is optimistic about the future. But miners still don't know if what they do is illegal
Uncertain Regulations Block Indian Banks’ Entry Into Crypto, Says Expert
24.7.2020
Blockchain.com’s head of research Garrick Hileman discusses the interest of Indian banks in the crypto space
Indian PM Backs Blockchain as 'Frontier Technology'
24.7.2020
Indian Prime Minister Narendra Modi has publicly endorsed blockchain as an investment opportunity
India Leads P2P Volume Records Among Emerging Markets
22.7.2020
Numerous emerging crypto markets are showing dramatic growth in P2P trade, with India and Ghana producing enormous growth during 2020
The Cashaa Hack: Investigators Stay Silent as Inside Job Rumors Emerge
19.7.2020
As 336 BTC get stolen from crypto-friendly bank Cashaa, there is still no clear explanation for what happened
Former Finance Secretary Subhash Chandra Garg Proposes Regulating Crypto as Commodity in India
18.7.2020
Subhash Chandra Garg, former Finance and Economic Affairs Secretary of India, has told the Indian crypto community that crypto assets should be regulated as commodities. However, he stands by his draft crypto bill that bitcoin and other cryptocurrencies should be outlawed. Garg Proposes Indian...
Law Decoded: Pushing the Legal Limits, July 10–17
17.7.2020
In this week’s newsletter, we look at a series of developments that test the limits of governmental authority over crypto, as well as the contest with social media
Bitbns collaborates with Sylo to boost crypto adoption in India
17.7.2020
The fledgling Indian crypto market has got a new boost as the Global software company Sylo has joined hands with Bitbns, India’s premier cryptocurrency exchange. With this new collaboration, Sylo is looking to tap on the early opportunities available in the Indian market. There is immense potential...
India’s Former Finance Secretary Spars With Industry Experts on Crypto Ban
17.7.2020
For the first time, the former Finance Secretary of India who proposed a blanket ban on cryptocurrencies discussed digital assets with industry leaders
Crypto Wallet Provider Sylo Targets Growing India Market Through Exchange Partnership
17.7.2020
Digital wallet provider Sylo has teamed up with India-based exchange Bitbns aiming to serve the nation's revitalized cryptocurrency market