Archive | india

Indian Cryptocurrency Exchanges Make Moves to Self Regulate

In response to the minister of finance naming cryptocurrency as illegal tender Indian exchanges have banded together to create a central repository to maintain a real-time database of traders in a bid at self-regulation. Exchanges propose self-regulation When Finance Minister Arun Jaintly named cryptocurrency illegal tender in his early February budget speech he set off a rash of panic selling across Indian […]

Indian Government Leans Toward Calling Bitcoin an Asset

There seems to be a fair amount of uncertainty and misinformation regarding India’s stance on Bitcoin and cryptocurrencies. More specifically, a few news outlets have reported that the country would ban Bitcoin altogether. There’s no evidence to back up such claims right now. Moreover, the secretary of the country’s Department of Economic Affairs claims there will not be […]

Crowdfire Founders Plan to Launch Indian Bitcoin Exchange

Cryptocurrencies have grown popular in India, and digital asset markets in the region have seen exponential growth despite uncertainty from the Indian government. Now, this week the founders of the popular application Crowdfire have announced the team is launching an Indian-based bitcoin exchange this March. Also read: Russian Cryptocurrency Bill Is Ready – Regulators Share Details […]

India’s Finance Minister: Country Proactively Exploring Blockchain Technology Applications

The Indian government isn’t looking too kindly on cryptocurrencies, but the country has certainly caught on to the potential applications for blockchain and associated technology. Blockchain technology is becoming a favourite in India, Asia’s third-largest economy, for solidifying information, sharing records, and preventing tampering. In his budget speech on February 1st, the country’s Finance Minister Arun Jaitley […]

Curbing Illegal Activities is Not a Crypto Clampdown in India  

It seems that governments are falling over themselves to crack down on Bitcoin and cryptocurrencies. Each day politicians from different nations berate the blockchain based digital assets and issue dire warnings over their perceived dangers. Mainstream media picks this up and a FUD party ensues, usually fueling a self-perpetuating selloff. The Indian government is the […]

India’s Tax Authority Continues to Hound Bitcoin Investors

Governments all over the world are seemingly cracking down on cryptocurrency activity. In India, things are slowly evolving in such a direction. Not only are banks closing bank accounts related to cryptocurrency activity, but the tax authority is getting involved as well. More specifically, a fair few speculators do not declare their investments on tax […]