Proposed legislation to enforce India crypto ban has provisions for penalties and imprisonment

Lawmakers in the Indian parliament are mulling a stringent legislation for enforcing the India crypto ban. The proposed legislation includes steep penalties and 10-years imprisonment.

Indian government functionaries continue to discourage cryptocurrencies

The Government of India (GoI) doesn’t regard cryptocurrencies as legal tenders, and senior GoI functionaries continue to discourage use of cryptocurrencies. The latest statement from Mr. Shaktikanta Das, former Secretary of Economic Affairs in GoI, a senior official who was…

Prominent crypto exchanges in India to halt trading

Two prominent cryptocurrency exchanges in India, BTCXIndia and ETHEXIndia, have announced that they will stop trading from March 5th 2018, in view of the Government of India (GoI) stand discouraging cryptocurrencies. They had earlier stopped accepting deposits from January 1st,…

India cryptocurrency Regulation: Media Misinterprets India Bitcoin Stand – But to Be Tough on the cryptocurrencies.

Author -Anujit India  will not ban cryptocurrencies or crypto exchanges and trading! In the past few days, India has been the main focus as reports of an imminent ‘ban’ on bitcoin and other cryptocurrencies looming in the country. However, India…

Government of India (GoI) discourages cryptocurrencies but welcomes blockchain

Author – Anujit, India On February 1st 2018, the Government of India (GoI), as part of its annual budget exercise, formally discouraged use of cryptocurrencies. However, GoI has also welcomed the blockchain technology, and vowed to explore it further. Reserve…

State government of Indian state Karnataka explores blockchain to improve e-governance:

Author – Anujith U The state government of Karnataka, a state in the southern part of India , is exploring blockchain technology, for e-governance. A hackathon named “Blockchain Hackathon for Governance” will be held in the state capital Bengaluru, better…

Indian telecom giant Reliance Jio plans entry into the blockchain and cryptocurrency space using JioCoin

One of the largest mobile network operators in India, Reliance Jio Infocomm Limited, better known as Jio, has announced their plan to enter the blockchain and cryptocurrency space. They will also launch their own cryptocurrency JioCoin. Jio has only recently,…

Bitcoin prices traded at 13,000$ in India due to high demand

Bitcoin prices traded at 13,000 $ (approx. 839085.00 Rupees) in India for all time high which is approx. 30% higher than the US bitcoin price. As per the leading exchanges in India, the higher demand and lower supply is causing…