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Are cryptocurrencies the new gold in India? Investors bought $40B in cryptos last year

Indian households are known for their affinity for gold but 2020 brought in a notable shift in investment allocation. While Indians own more than 25,000 tons of gold, investments in cryptocurrencies soared from about $200 million to almost $40 billion in the past year despite a proposed trading ban and outright hostility toward the asset […] The post Are cryptocurrencies the new gold in India? Investors bought $40B in cryptos last year appeared first on Invezz. дальше »

2021-6-28 16:25


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Indian Government Review Bill That Proposed Ban on Cryptocurrencies

It has been reported that the Indian government and top industry stakeholders are revisiting provisions of the law that advocated a ban on cryptocurrency. The bill in question is dubbed the Cryptocurrency and Regulation of Official Digital Currency Bill 2021 that was developed years back but never introduced during parliament’s budget session. Bloomberg Quint recentlyRead More дальше »

2021-6-17 19:00


India Reverses Crypto Stance, Considers Classifying Bitcoin As An Asset Class: Report

After years of India's hostile stance towards cryptocurrencies, the country is reportedly looking to classify Bitcoin as an asset class. India's Financial Regulator SEBI To Oversee Crypto Sector According to reports by The New Indian Press, the government has decided to skip its plans to ban cryptocurrencies and consider Bitcoin's classification as an asset class. дальше »

2021-6-11 20:30


Indian crypto adoption is imminent- Rajya Sabha MP Subramanian Swamy views it as a subject of future, calls it ‘Unstoppable.’

The Indian government has always been passive when it comes to cryptocurrencies and how they can have a real human impact in the near future. Speaking on this same topic, Rajya Sabha MP Subramanian Swamy shared his thoughts from an economist perspective and highlighted how effective this technology could be. дальше »

2021-5-28 18:26


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India Rethinking Anti-Crypto Stance, Likely to Set Up Panel to Suggest Regulations

In what could be a major development, the Indian government is rethinking its stance on the country’s fledgling but promising crypto industry. Official sources have informally confirmed that the government is planning to set up a new committee to study the latest developments in the field of cryptocurrencies and blockchain technology and suggest proper regulations. […] дальше »

2021-5-21 16:14


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Indian Government to Set up Panel of Experts to Take a Fresh Look at Regulating Cryptocurrencies: Report

The Indian government is reportedly looking to form a new “panel of experts” to focus on ways to regulate the cryptocurrency industry in the country. “There is a view within the government that the recommendations made by Subhash Garg are dated and a fresh look is needed at use of cryptos rather than a total […] дальше »

2021-5-20 08:30


Indian Govt. Backpedddling Bitcoin Ban? New Panel Planned to Study Crypto Regulations

The government of India may form a new panel of experts to study the regulation around cryptocurrencies in the country, reported the local publication citing sources privy to the discussions. A committee headed by former finance secretary, Subhash Garg in 2019, had recommended a blanket ban on crypto-assets which has now been seen as outdated. дальше »

2021-5-19 15:51


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Binance CEO Backs Indians in their Quest to Revive Crypto Usage in the Country

The founder of leading cryptocurrency exchange Binance has spoken against the cryptocurrency ban soon to be enforced by the Indian government. While speaking to a local news outlet, Changpeng Zhao explains that making cryptocurrencies illegal to hold will place a limitation on Indian residents, as the asset itself is licit. дальше »

2021-3-18 14:21


India To Criminalize Private Crypto Ownership Despite Community Outcry

According to a senior government official familiar with the situation, the Indian government is working on legislation that will see private ownership of cryptocurrencies criminalized. India’s Crypto Ban Is Still On Course In a Reuters report published on Monday, an unnamed government official said the legislation banning cryptocurrencies in the country is in its final […] The post India To Criminalize Private Crypto Ownership Despite Community Outcry first appeared on BitcoinExchangeGuide. дальше »

2021-3-15 19:40


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Crypto Bank Expands in India — Confident Government Will Approve Legitimate Use of Cryptocurrencies

Crypto bank Unicas, a joint venture between Cashaa and United Multi State Credit Cooperative Society, has expanded its operations by opening another physical branch. The bank believes that the Indian government will introduce positive crypto regulation and not impose an outright ban on cryptocurrencies such as bitcoin. дальше »

2021-3-2 14:15


Indian Crypto Industry Reacts as Government Presents Bill to Ban Digital Assets

Sadly, this year has come with a jolt of reality, showing that all the progress of 2020 was essentially fruitless. Yes to a CBDC, No to Private Cryptos Earlier this year, the Lok Sabha Bulletin confirmed that the Indian government had introduced a new draft regulation that will see the country ban all private cryptocurrencies […] The post Indian Crypto Industry Reacts as Government Presents Bill to Ban Digital Assets first appeared on BitcoinExchangeGuide. дальше »

2021-2-9 20:16


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Indian Parliament to Consider Bill That Creates Digital Rupee While Banning Cryptocurrencies in Current Session

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 parliament. дальше »

2021-1-30 12:05


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Most Indians Find Lack of Crypto Awareness, Knowledge Biggest Barriers to Entry, Says Survey

Lack of knowledge and awareness continues to be an entry-barrier for Indians looking to venture into crypto. Indian Crypto Exchange Conducts Survey to Gather Insights One of the leading Indian cryptocurrency exchanges, CoinDCX recently conducted a survey trying to gauge the stance towards cryptocurrencies in the country. дальше »

2020-11-27 16:00