Bitcoin Government

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 part of policy making exercise regarding cryptocurrencies, conforms to that trend. Mr. Das believes that […]

Crypto Exchange Government Law Enforcement

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, and have now asked the traders to withdraw all their funds by 4th March. BTCXIndia […]

Government

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 is not introducing a ban or planning to ban crypto exchanges and trading. The reports […]

Government 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 Bank of India (RBI), i.e. India’s central bank, had earlier issues 3 warnings to the […]

crypto adoption Government

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 known as Bangalore, the city which is also often referred to as the Silicon Valley […]

Bitcoin Blockchain Cryptocurrency

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, i.e. in 2017, disrupted the telecom sector in India significantly, with their free offers, and […]