India's Bitcoin love story to end in break-up?

2019-5-4 16:00

The Indian government has begun inter-ministerial consultations on a draft bill to ban crypto assets. The news comes as a further blow to the large Indian bitcoin community after the Reserve Bank of India issued a bitcoin banking ban in 2018.

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Indian Government Mulling Blanket Ban on Cryptocurrencies

The government of India has drafted a bill to completely ban cryptocurrencies and regulate official digital currencies, reports The Economic Times, April 26, 2019. Things Go from Bad to Worse Since its inception, the growth of the Indian cryptocurrency ecosystem has been continually stalled due to government and Reserve Bank of India (RBI) diktats.

2019-4-26 19:00


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Indian entrepreneur implicated in $300 million Bitcoin Ponzi scheme gets bail

Amit Bhardwaj, a man accused of running a $300-million Bitcoin Ponzi scheme, has reportedly been granted bail on medical grounds, citing a deteriorating kidney condition. The former entrepreneur, who was arrested in Bangkok last year, was reportedly admitted into Apollo Hospital in India, maintaning he needed regular dialysis treatment to treat his condition.

2019-4-4 13:46


Coindelta Becomes the Latest Victim of India’s Bitcoin Ban

Coindelta, an Indian cryptocurrency exchange platform, has announced its decision to cease operations in the country, citing operational difficulties. The platform published a blog post on its Medium account at the end of March 2019, blaming the Reserve Bank of India (RBI) ban on exchanges maintaining accounts with Indian commercial banks as the reason forRead More

2019-4-1 19:00