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India

India’s ICICI bank shuts out remittance users from digital currencies
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17 July, 2021

India’s ICICI bank shuts out remittance users from digital currencies

ICICI Bank has been gradually shutting out digital currency ties in recent months, in line with actions taken by its...
How blockchain can become a friend of Indian farmers
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14 July, 2021

How blockchain can become a friend of Indian farmers

India is a technologically advanced nation that also struggles with poverty and a massive divide between the rich and the...
Indian traders could face additional 2% tax for trading in overseas exchanges
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24 June, 2021

Indian traders could face additional 2% tax for trading in overseas exchanges

The Indian government charges a 2% tax, known as the equalization levy, to online entities servicing Indians but which are...
India lawmakers to review bill banning digital currency
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21 June, 2021

India lawmakers to review bill banning digital currency

The Cryptocurrency and Regulation of Official Digital Currency Bill was brought before parliament in early 2021, but the government failed...
Digital currencies not banned in India: central bank
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4 June, 2021

Digital currencies not banned in India: central bank

The Reserve Bank of India recently clarified that digital currencies aren’t banned in India, which means that banks must refrain...
India considers new committee on digital currency regulation
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24 May, 2021

India considers new committee on digital currency regulation

The government is reportedly in the early stages of establishing a panel of experts to review the matter, though has...
Reserve Bank of India warns banks to cut all ties with digital currency exchanges
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18 May, 2021

Reserve Bank of India warns banks to cut all ties with digital currency exchanges

According to sources in India, the apex bank is warning commercial banks against servicing digital currency-related businesses, including exchanges and...
Indian finance minister says digital currency bill will protect investors
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18 April, 2021

Indian finance minister says digital currency bill will protect investors

Indian Minister Anurag Thakur said the government would put investors at the forefront of their legislative effort, though it remains...
India to require companies to disclose digital currency holdings
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30 March, 2021

India to require companies to disclose digital currency holdings

Officials at the Ministry of Corporate Affairs processed an amendment to Schedule III of the Companies Act, 2013, requiring companies...
India to revive its proposal to ban Bitcoin, with fines for users: report
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17 March, 2021

India to revive its proposal to ban Bitcoin, with fines for users: report

Once it is passed by parliament, the bill will give residents a six-month grace period to liquidate all their digital...
Internet and Mobile Association of India says regulate, don’t ban digital currency
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14 March, 2021

Internet and Mobile Association of India says regulate, don’t ban digital currency

The Internet and Mobile Association of India has issued a plea to government not to ban digital currencies, but to...
India won’t ban digital currencies: finance minister
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10 March, 2021

India won’t ban digital currencies: finance minister

Finance Minister Nirmala Sitharaman assured that despite reports of government hostility against the industry, it will take a measured approach.