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Category: Indians
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Indians Hold $40 Billion in Cryptocurrency, Report Suggests
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Covid-19 Forces Indians to Embrace Digital Payments but Country Still Lacks Crypto Regulation
The global pandemic Covid-19 is forcing Indians to resort to digital payment platforms when settling bills as well as paying for groceries. Before the Covid-19 outbreak, Indian citizens largely ignored a 2016 government decree that attempted to achieve the same, reports The Economic Times of India. The news site reports that the value of transactions […]
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Reserve Bank of India Forms Unit on Cryptocurrencies, Blockchain, AI
The central bank of India has reportedly formed a special unit tasked to track emerging technologies such as those related to cryptocurrencies. Its members will be expected to research, draft rules, and, in the future, supervise the development of digital assets, blockchain and artificial intelligence applications. Also read: Report: North Korea to Hold a Crypto […]
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Wendy McElroy: The Jiu-Jitsu of Crypto – Personal Freedom vs Social Change
The Satoshi Revolution: A Revolution of Rising Expectations Section 4: State Versus Society Chapter 9, Part 7 The Jiu-Jitsu of Crypto: Personal Freedom vs Social Change. It is often assumed that power derives from violence and can be controlled only by greater violence. Actually, power derives from sources in the society which may be restricted […]
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Indian Women More Bullish On Crypto than Men, Invest Twice As Much
Despite being a minority among crypto investors, just like anywhere else, women in India actually spend on cryptocurrency twice more than men do. A newly released survey also found that the majority of Indian crypto users live in big cities like Delhi, Mumbai, and Bangalore. The study comes out while Indians expect new regulations within […]
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Reserve Bank of India Admits Issuing Crypto Ban Without Research
RBI, the central bank of India, has not made a proper effort to thoroughly research the nature and usage of cryptocurrencies before issuing its crypto ban. This is according to a reply sent by the bank to a Right to Information query filed by a lawyer. Copies of the communication have been distributed on social […]
The post Reserve Bank of India Admits Issuing Crypto Ban Without Research appeared first on Bitcoin News.
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Coindcx Launches Indian Crypto-to-Crypto Exchange Amid Regulations
This week the Reserve Bank of India (RBI), the country’s central bank, has banned banks from dealing with cryptocurrency businesses. Indian financial institutions have three months to cease doing business with digital asset operations but some of them may stop facilitating INR settlements. News.Bitcoin.com spoke with Sumit Gupta the founder and CEO of a new […]
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Companies Outsource Marketing to India Amid Ban on Crypto Ads
The outsourcing of advertising is becoming a promising opportunity for many marketing firms in India. Restrictions on crypto ads, imposed by giants like Facebook and Google, are forcing crypto businesses to seek alternative ways to reach customers and investors. The high cost of these services globally is pushing more companies towards the Indian market. Also […]
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Low-value Bitcoin Gift Vouchers Bring More Indians into Crypto
At times when the Indian crypto community is dealing with increasingly hostile environment, an initiative is bringing new investors on board. Bitcoin gift vouchers are gaining popularity in India’s IT hub – Hyderabad. A growing number of Indians like the idea of a cheap and low-risk entry into cryptocurrencies. Also read: Tax Filing Platform Teams […]
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