Indian crypto exchanges challenge banking ban in the court

Four crypto exchanges in India have challenged the circular from the Reserve Bank of India (RBI), i.e. India’s central bank, denying them banking services, in the Supreme Court of India, the highest court in the country. The exchanges that have…

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…

Government of Maharashtra (India) explores blockchain technology to improve governance

Author – Anujit The state government of Maharashtra, the western Indian state, has started to explore blockchain technology to improve governance delivery, and bring in greater transparency, and in turn, better trust, between citizens and government. With this, the state…

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…

Bitcoin exchanges in India could be paying up to US $ 1 billion in taxes

Guest Post – Anujith Bitcoin exchanges in India are trying to ascertain their tax liabilities. The key questions are whether bitcoins will be treated as currency, or they will be treated as goods or services which will bring them in…

Indian government evaluates blockchain as a governance tool

Guest Post – Anujith Union Government of India (GoI) is intensifying its already spectacular anti-corruption drive, which has so far seen impactful actions such as using technology to minimize subsidy leakage, and demonetization of high value currency notes that were…