Indian Investments in Crypto Have Exploded: Report

Crypto investments in the country have surged to $40 billion from $200 million a year ago.

News  ·  28 June 2021

India’s Crypto Investors Could Face 2% Levy on Purchases From Overseas Exchanges

It may be difficult for the government to impose the levy in the absence of a regulatory framework for the treatment of crypto assets.

News  ·  22 June 2021

15 Banks Form New Company to Process Letters of Credit in India Using Blockchain Technology

IBBIC's new system will verify data for invoices on goods and services tax, eliminate paperwork and significantly reduce transaction times.

News  ·  16 June 2021

Binance’s WazirX Issued With Show Cause Notice by India’s Enforcement Directorate

WazirX denied receiving any show cause notice from the agency.

News  ·  11 June 2021

Indian Government Poised to Loosen Tough Stance on Crypto: Report

It's the latest twist in India's oft-changing posture toward fast-growing crypto markets.

News  ·  10 June 2021

Major Crypto Exchanges Seek India Entry Despite Regulatory Uncertainty: Report

There is a bill pending in parliament, which seeks to ban private cryptocurrencies.

News  ·  9 June 2021

RBI Says Banks Can’t Quote 2018 Circular to Restrict Crypto Transactions

RBI's circular comes as Indian banks warn customers against using their services for crypto trading.

News  ·  31 May 2021

India’s HDFC Bank Calls Bitcoin a Fad as Exchanges Mull Legal Fight Over Restrictions

HDFC noted a link between bitcoin prices and searches on Google.

News  ·  28 May 2021

Ripple to Deliver First Real-Time Payments From Oman to India Using Blockchain

Customers of BankDhofar will be able to use its mobile app to send real-time payments to IndusInd accounts.

Business  ·  26 May 2021

India’s Government May Form Panel to Study Regulating Crypto: Report

The news comes amid the view that proposals for a blanket ban are outdated.

News  ·  19 May 2021

India’s Developers Are Crypto’s Sleeping Giant

Regulatory uncertainty has held back India's 4.2 million-strong developer base from embracing blockchain tech, says our columnist.

Business  ·  18 May 2021

Banks Are Already Cracking Down on Crypto, Indian Traders Say

Indian crypto traders are receiving account closure notes from banks, and exchanges see issues with bank transfers

News  ·  14 May 2021

Binance’s Indian Crypto Exchange Lists SHIB Token as Vitalik Gift Garners Local Press

The new listing comes a day after Ethereum's founder donated $1 billion in SHIB to India Covid Relief Fund.

Business  ·  13 May 2021

Reserve Bank of India Discourages Lenders From Dealing With Crypto Exchanges: Report

India’s central bank has been unofficially asking banks why they are dealing with crypto businesses.

News  ·  13 May 2021

India’s Central-Bank Owned Retail Payments Platform Refuses to Ban Crypto Transactions

The agency told banks they should consult their legal and compliance departments on whether they should block transactions on their own systems.

News  ·  6 May 2021