Citibank India tells customers via email about new debit and credit card ban for crypto purchases, citing “risks”. #NEWS
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 […]
The chairman of India’s Central Board of Direct Tax says the agency is sending notices to crypto investors that haven’t declared their gains.
More Bitcoin panic on media after curious reactions to ongoing tax notices from government. #NEWS
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 […]
Bitcoin hit a 2 month low this week amid fears of regulatory clampdowns and government-issued cryptocurrencies. #OPINION
Indian government is not banning cryptocurrencies, country’s largest exchanges confirm #INTERVIEW
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 […]
January has been a dire month for those who joined the rollercoaster on the way up to Dec. 17’s highs. Its downfall has partly been down to a lot of fake news though. #ANALYSIS
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 […]
During his annual budget speech, Indian finance minister Arun Jaitley confirmed his position that cryptocurrencies are not legal tender.
Social media and mainstream news is being flooded with unfounded warnings that Bitcoin will be banned in India, following the finance minister’s regulatory comments this morning #NEWS
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 […]
A Blockchain governance stack called ‘Velugu’ is set to become reality in the Indian state of Andhra Pradesh. #NEWS
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 […]