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Indian Central Bank Informs Government of Major Crypto Concerns — Digital Rupee ‘Receiving Our Full Attention’
25.2.2021
India’s central bank governor Shaktikanta Das has revealed that the bank has “major concerns” about cryptocurrencies, and it has informed the government of them. He expects that the government will soon make a decision on cryptocurrency. Meanwhile, the Reserve Bank of India (RBI)...
Indian Official Provides Updates on Crypto Bill and Transition Period for Crypto Holders: Report
14.2.2021
As the Indian government gets closer to moving forward with the cryptocurrency bill, an official from the Ministry of Finance reportedly explained what discussions the government has been having regarding the crypto bill and the impending legislation. Indian Crypto Bill’s Progress Update...
Indian Government Confirms Crypto Bill Is Being Finalized — Existing Laws Inadequate
9.2.2021
The Indian government has spoken about the cryptocurrency bill again. This time, the minister of state for finance has clarified the status of the crypto bill that is expected to be introduced in parliament during the current session. Indian Ministry of Finance Clarifies Crypto Bill Status...
India’s Central Bank RBI Close to Digital Currency Decision as Paypal Exits Indian Payments Market
6.2.2021
The Reserve Bank of India (RBI) is actively working on a digital currency and will make a decision “very soon,” the central bank has reportedly confirmed. Meanwhile, payments giant Paypal is shutting down its payment services within India. RBI Near Digital Rupee Announcement As...
Indian Parliament to Consider Bill That Creates Digital Rupee While Banning Cryptocurrencies in Current Session
30.1.2021
The Indian government has finally moved forward with a cryptocurrency bill. Entitled “The Cryptocurrency and Regulation of Official Digital Currency Bill 2021,” the bill has been listed for consideration in the current parliamentary session of Lok Sabha, the lower house of India’s...
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...
India’s Crypto Trading Volume Soars Amid Economic Crisis
5.6.2020
Despite the economic crisis, cryptocurrency trading platforms in India are reporting record-breaking volumes and new users. “People in India are betting big on bitcoin,” Paxful’s CEO said. “The Indian market holds great potential and importance for the future of...
New Cryptocurrency Exchanges Launch in India as Businesses Seek Answers From RBI
8.5.2020
The Indian cryptocurrency industry has been growing rapidly despite the nationwide lockdown and the coronavirus crisis. Two new cryptocurrency trading platforms are launching in India while existing crypto businesses seek clarification from the central bank, the Reserve Bank of India (RBI)....
Indian Crypto Boom: Exchanges See 10X Trading Volumes During Lockdown
6.5.2020
India’s cryptocurrency sector is booming during the extended nationwide lockdown. Several Indian cryptocurrency exchange executives have shared with news.Bitcoin.com their record-breaking stats, bullish trends, and positive sentiment despite the coronavirus-driven lockdown. Growing Interest...
Indian State Ministry Discusses Cryptocurrency Plans With Founders of Crypto Bulls Roadshow
1.4.2020
An Indian state official recently met with the founders of the “India Crypto Bulls” initiative and discussed cryptocurrency development, investment, and innovation in India. News.Bitcoin.com talked to Kumar Gaurav, one of the founders, to find out more about the meeting. Also read:...