India

Bitcoin

Police Officers Charged in $1.3 Million Bitcoin Extortion Scheme

Ten Indian police officials have been charged with kidnapping and attempted extortion after allegedly forcing a victim to transfer 200 bitcoins.

Policy & regulation  ·  9 April 2018
India

India’s Exchanges Want to Challenge Central Bank’s Crypto Crackdown

India's cryptocurrency exchanges plan to fight back against the Reserve Bank's decision to cut them off from financial services.

Markets  ·  6 April 2018
India

BankChain Project Launches Blockchain Exchange for Stressed Assets

The India-based consortium has launched a blockchain-based exchange for trading non-performing assets.

Business  ·  2 April 2018
India

NASSCOM Teams with Blockchain Institute for Digital Economy

India's tech industry is working with Canada's Blockchain Research Institute to integrate blockchain into Indian businesses and government.

Markets  ·  22 February 2018
Cryptocurrency

India’s Tax Department Is Sending Notices to Crypto Investors

The chairman of India's Central Board of Direct Tax says the agency is sending notices to crypto investors that haven't declared their gains.

Policy & regulation  ·  9 February 2018
Regulation

India’s Finance Minister Strikes Stern Tone on Cryptos in Budget Speech

During his annual budget speech, Indian finance minister Arun Jaitley confirmed his position that cryptocurrencies are not legal tender.

Policy & regulation  ·  1 February 2018
Cryptocurrency

Report: India’s Government Sends Tax Notices to Cryptocurrency Traders

India has sent tax notices to tens of thousands of cryptocurrency owners within its borders.

Markets  ·  19 January 2018
Regulation

Indian Lawyer Files Petition Demanding Cryptocurrency Regulations

An Indian lawyer has filed a public interest litigation (PIL) seeking to force action on the regulation of cryptocurrencies in the country.

Policy & regulation  ·  8 January 2018
Exchanges

Indian Bitcoin Exchanges Seek Clarification Over Tax Liabilities

Indian bitcoin exchanges are raising questions over the applicability of goods and service tax (GST) to their operations.

Policy & regulation  ·  5 January 2018
India

Government Think Tank to Trial Blockchain Verification in India

The National Institution for Transforming India is exploring blockchain's application in education, health and other sectors.

Markets  ·  4 January 2018
Regulation

Indian Finance Ministry: Cryptocurrencies Are ‘Like Ponzi Schemes’

The India government doubled down its skepticism over cryptocurrencies, calling them like "Ponzi Schemes."

Policy & regulation  ·  29 December 2017
Exchanges

India’s Tax Department Collects User Data at Multiple Bitcoin Exchanges

The Indian Income Tax Department has visited bitcoin exchanges across the country seeking data on tax avoiding users.

Policy & regulation  ·  14 December 2017
Regulation

Bitcoin Not Legal Tender in India, Finance Minister Says

India's finance minister, Arun Jaitley, has said bitcoin is not legal tender in the country and indicated that regulations are under consideration.

Policy & regulation  ·  1 December 2017
Bitcoin

India’s Supreme Court Prods Government on Bitcoin Regulation

The court asked India's central bank and several government agencies to respond to a petition that expressed concern about tax dodges and ransomware.

Policy & regulation  ·  16 November 2017
India

Indian Central Bank Studies ‘Fiat Cryptocurrency’ for Digital Rupee

The executive director of the Reserve Bank of India has confirmed that research into a "digital rupee" is still ongoing.  

Business  ·  13 September 2017