Decentralized payment systems like bitcoin could influence financial innovation in India – whether the government likes it or not.
A Delhi-based entrepreneur has launched India's first e-commerce site to exclusively accept bitcoin.
The India-focused digital currency is on hold pending a statement on cryptocurrencies by the Reserve Bank of India.
Bitcoin and other digital currencies are slowly becoming popular in India's big business and technological hubs.
The Reserve Bank of India (RBI) is reportedly examining the legal and security impact of virtual currencies.
An Indian bitcoin enthusiast has pressed the RBI for clarification after it issued a virtual currency warning in December.
The Bangalore-based exchange, which launched in December, is back online after a short-term voluntary shutdown.
Taxmen have paid an unusually friendly visit to an Indian bitcoin startup, asking for advice.
If bitcoin exchanges become threatened out of existence, price discovery will still find a way.
The Reserve Bank of India does not wish to develop a regulatory framework for digital currencies.
Indian authorities have carried out the first bitcoin raid in the country, targeting buysellbitco.in's offices in Ahmedabad.
Several Indian bitcoin exchanges have halted trading following a statement issued by the Reserve Bank of India on Tuesday.
On Tuesday the Reserve Bank of India (RBI) issued a statement warning the public against the use of virtual currencies.
A new bitcoin exchange, Unocoin, has launched in India amid a growing interest in cryptocurrency.