Indian Cryptocurrency Regulation Is Ready, Official Confirms

Indian Cryptocurrency Regulation Is Ready, Official ConfirmsAhead of the G20 summit, India’s new finance secretary has confirmed that the report detailing the country’s crypto regulation is now ready. It will soon be submitted to the finance minister for approval. Since Arun Jaitley opted out of cabinet responsibilities, Prime Minister Narendra Modi has appointed a new finance minister. Also read: Indian Supreme […]

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Indian Police Seize Unocoin’s ATM, Arrest Two Founders

One week after Indian cryptocurrency exchange Unocoin announced the launch of its ATM, local police have reportedly seized the machine and arrested two founders of the company, including the CEO. Police say the machine was set up without approval. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Several Items Seized Indian police have seized […]

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India Can’t Regulate Bitcoin Says Official

India Can’t Regulate Bitcoin, Influential Official SaysIndian authorities have been struggling to grasp the crypto phenomenon for quite some time now – years, to be more precise. The inability to fully understand it and put it under control has resulted in a state of semi-denial: “it’s illegal”, officials repeat tirelessly, but also keep trying to tax it. It doesn’t help when […]

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Regulatory Loophole Helps Startups in India Accept Bitcoin Without Breaking the Law

Regulatory Loophole Helps Startups in India Accept Bitcoin Without Breaking the LawSome businesses in India believe that they have found a loophole in the finance minister’s speech that sought to clamp down on the use of cryptocurrencies. While this loophole may allow startups to accept bitcoin without breaking the law, experts question its viability. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies The […]

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Citibank India to Not Permit Card Customers Purchasing or Trading Crypto

Citibank India to Not Permit Card Customers Purchasing or Trading CryptoCitibank India notified debit card and credit card clients via email on the 13:th of February they would no longer be able to participate in cryptocurrencies such as bitcoin. Citing regional and global concerns from regulators, the over a century old institution is following a growing number of traditional banks in cutting off access to […]

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Crowdfire Founders Plan to Launch Indian Bitcoin Exchange

Crowdfire Founders Plan to Launch Indian Bitcoin ExchangeCryptocurrencies 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 […]

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Trading Tip `The Wall´ – I Was Wrong

Trading Tip `The Wall´ - I Was WrongLast week, I made an analysis of the bitcoin price situation. My analysis noted that while the rumors of Wall Street price manipulation was most likely false, the fear was real. Despite that, the price did not break under $10,000. Because my inclination towards bitcoin is bullish (based on the the positive sentiment around the […]

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India’s Finance Minister Confirms Crypto Not Recognized as Legal Tender, Media Panics

India's Finance Minister Confirms Crypto Not Recognized as Legal Tender, Media PanicsIndia’s Finance Minister, Arun Jaitley, has confirmed that the country’s government will not recognize cryptocurrencies as legal tender, adding that authorities will seek to ramp up efforts to “eliminate” the use of virtual currencies in illicit transactions. Mr. Jaitley’s comments have been misconstrued and embellished throughout the mainstream media, with numerous reports proclaiming that India’s […]

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Despite Multiple Government Warnings, Indians Flock to Crypto Exchanges

Despite Multiple Government Warnings, Indians Flock to Crypto ExchangesThe Indian government has been actively issuing warnings regarding the risks of investing in cryptocurrencies such as bitcoin. However, Indians are not deterred, crowding to register at crypto exchanges in the country. Also read: Russian Cryptocurrency Bill Is Ready – Regulators Share Details Indian Government Actively Issuing Warnings The Indian government has repeatedly warned about bitcoin […]

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Indian Entrepreneurs Rush to Launch Crypto Companies Following Bitcoin Boom

Indian Entrepreneurs Rush to Launch Crypto Companies Following Bitcoin BoomDespite the government ramping up regulatory measures for bitcoin traders and exchanges, Indian entrepreneurs are rushing to set up companies with bitcoin or cryptocurrency-related words in their names. Also read: South Korea Clarifies Position After Reports of Possible Ban on All Crypto Transactions Capitalizing on Crypto Indian entrepreneurs have been rushing to register businesses with the […]

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