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Confirmed: India to Consider Imprisonment for Holding Crypto
22.7.2019
The Indian government will weigh the recommendations to ban cryptocurrencies in the country and introduce imprisonment up to ten years for dealing with crypto, the Department of Economic Affairs of the Government of India confirmed today.
" Draft Bill will now be examined in consultation with...
Crypto Not Prohibited In India, Confirms Minister Anurag Thakur
19.7.2019
It’s a moment of rejoicing for the crypto community in India, as after months of speculations and negative predictions, the government has finally confirmed that digital currencies are not prohibited in India. The Minister of State for Finance and Corporate Affairs, Anurag Singh Thakur replied...
Indian Government Breaks Silence on Crypto Regulation
19.7.2019
The Indian government has finally spoken up about the regulatory framework for cryptocurrency it has been deliberating, providing answers to questions presented in the upper house of the Parliament of India. The government also confirmed that the report with the recommended crypto regulation...
Tim Draper Calls Indian Leadership Corrupt and Pathetic For Proposed Ban on Bitcoin
18.7.2019
The community of crypto enthusiasts all over the world is aware of the tough stance the government of India has on crypto assets. This has aggravated even more after a draft bill asking for a complete ban on crypto was leaked online on 15th July and spread like wildfire on various social networks....
India To Ban All Digital Tokens, As Per Bill Leaked Online; McAfee Says It’s Impossible To Ban Crypto
17.7.2019
India has been one of the worst nightmares for the crypto industry. While the land has been generally supportive towards other technologies, it has been absolutely hostile towards decentralized currencies. Things were expected to get better after the intervention of the Supreme Court but have...
Spain Thwarts Bitcoin ATM Scam, Prompting Regulatory Debate Worldwide
16.7.2019
Bitcoin ATMs are not currently governed by EU money laundering regulations, and arrests coordinated by Spanish police and Europol in May are bringing new focus to this loophole. A group of eight Spanish and Latin American individuals have been arrested, along with several of their associates,...
Complete Indian Draft Crypto Bill Leaked – Experts Weigh In
16.7.2019
A draft cryptocurrency bill for India has been leaked in full, but details of the bill have raised some questions. News.Bitcoin.com talked to a number of experts in the field who shared their analyses of the bill’s content and its implications on the Indian crypto industry. Also read:...
How 10 Countries Respond to Facebook’s Libra Cryptocurrency
11.7.2019
A growing number of governments have responded to Facebook’s cryptocurrency plans including China, France, India, Japan, South Korea, Russia, Singapore, Thailand, the U.K., and the U.S. Several intergovernmental organizations have also weighed in such as the European Central Bank and the Bank...
Facebook Says It Won’t Launch Crypto in India Due to Regulatory Issues
10.7.2019
Facebook reportedly said that current regulatory restrictions mean it has "no plans" to launch its digital wallet service and crypto in India
Facebook Defends Libra in the U.S. Senate, Has No Plans for India
10.7.2019
Social media giant Facebook is working to ease concerns by lawmakers in Washington, D.C. about its new cryptocurrency project Libra, co-launched with 27 partners. Also, the company confirmed it has no plans for India for now.
In a letter to the Committee on Banking, Housing, and Urban Affairs...
Indian Authorities Express Concerns Over Facebook’s Libra
8.7.2019
India’s Economic Affairs Secretary said he is not comfortable with Facebook’s stablecoin Libra
Indian Police to Get Special Training to Spot Crypto Scams
8.7.2019
A new training session seeks to create "domain expertise" for cryptocurrency related crimes
Bitcoin Price Analysis: Trends Are Bullish, Govt. Of India Announces A Regulatory Framework For Altcoin
8.7.2019
The mystery along ‘who is Satoshi Nakamoto’ is still prevailing as Craig Wright, who claimed to be him, appeared in court and testified regarding him not having access to Satoshi’s public Bitcoin addresses and trust information. Amidst all these, Indian national police academy has launched a course...
Indian Gov To Educate Top Cops On Cryptocurrencies, Aiming To Investigate Crypto Matters
8.7.2019
The Indian government is also set to impose strict norms on crypto trade in the country, a move which could see severe crackdowns. Many crypto companies in India were forced to suspend operations temporarily or, in some cases, end operations completely. To further its crackdown, and investigate...
India to Educate High-Ranking Police Officers on Cryptocurrency
8.7.2019
India’s national police academy has launched a cryptocurrency course for high-ranking officers of the Indian Police Service. Among the objectives of the course are the functioning and legal aspects of cryptocurrencies, as well as investigations of cases involving digital coins. The Indian...
Indian Authorities Arrest 4 Individuals Accused of Crypto Ponzi Scheme
5.7.2019
Indian authorities have arrested four people associated with KBC, a crypto allegedly at the center of a scam investment scheme
Modi Discussed Crypto Standards at G20 Summit – A Look at How They Apply to India
3.7.2019
India’s Prime Minister Narendra Modi participated in discussions on crypto assets at the G20 leaders’ summit in Osaka, Japan. At the conclusion of the summit, the leaders of the G20 countries jointly declared their commitment to applying the crypto standards set by the Financial Action...
Indian Drama Of Decentralized Currencies – Should Cryptocurrency Be Legalised In India?
30.6.2019
Cryptocurrencies, though in existence for over a decade, still haven’t picked up in India. Despite a reasonably active community, government restrictions have prevented it from being the wonder which it could be. Authorities are against it, enthusiasts want it, but do we really need it? Is...
Reserve Bank of India Developing Blockchain Banking Platform
28.6.2019
The Reserve Bank of India has announced that it is working on a blockchain platform for banking, which is scheduled to roll out some time within a year
Indian Banking Restriction And Regulatory Issues Crush Koinex Exchange To Shut Down
28.6.2019
As per the official website of Koinex, there are more than 1 million registered users of the exchange. The platform, by far, has executed 20,000 orders which are worth more than 3 Billion U.S. Dollars. Then what caused it to shut down amidst all the great success? The journey of Koinex crypto...