India

solana

The Solana hackathon aims to boost India’s crypto innovation

Solana, a blockchain platform, has extended an open invitation to Building out Loud, an exclusive hackathon for Indian developers and entrepreneurs. Solana plans to kick off the three-week event in collaboration with Devfolio and YouTube influencer Super pumped, according to the official statement. “Students, Web2 & Web3 developers, engineers, and anyone looking to get into […]

Cryptocurrency, crypto
Frankfurt, Hesse, Germany - April 17, 2018: Many coins of various cryptocurrencies

Fast-tracking crypto bill reportedly considered by Indian parliament

In order to pass a bill recently proposed to regulate digital currencies in the country. The Indian government may take a legislative shortcut. The Indian government may take the ‘ordinance route’ to prohibit the use of private cryptocurrencies in the country, as well as create a regulatory framework for a digital rupee issued by the […]

indian crypto

Indian crypto ban reports are ‘clickbait,’ says local source

The draconian bill introduced in 2019 by former finance secretary Subhash Chandra Garg to ban cryptocurrencies in India has haunted crypto enthusiasts and entrepreneurs in the country to this day. Reports on the further development of the bill and the possible introduction of it as law by Bloomberg. And the local news outlet Economic Times […]

Women arrested for stealing $480,000 BTC from crypto exchange Bitcipher

Indian Woman Arrested for Stealing Bitcoin (BTC) from Crypto Exchange

Indian woman living in Bengaluru on March 17 was arrested with a proof for allegedly stealing 63.5 bitcoins from Bitcipher Labs. Reports suggest that she is the woman who co-founded the crypto exchange platform Bitcipher Labs in its early days. The thefts took place in two different days: on January 11 and March 11 respectively. […]

bitcoin businesses in India

Indian Ministry Reveals Investigations into Bitcoin Businesses

A filing submitted in the lower house of India’s parliament – the Lok Sabha – has revealed an investigation into fraudulent practices by so-called “bitcoin companies” operating in the country. An official question was submitted by center-left parliamentarian Mohammed Faizal and was answered by Minister of State for Finance and Corporate Affairs Anurag Thakur on […]

some indian banks are still refusing to process crypto transactions

Some Indian Banks are Still ‘Arbitrarily’ Refusing to Process Crypto Transactions

Earlier this month, India’s Supreme Court delivered its verdict in a landmark case that promised to usher in a bullish era for cryptocurrency in the country. The apex court ruled to overturn a circular from the Reserve Bank of India (RBI) – issued back in April 2018 – which had banned banks’ services to all […]

RBI plans to file review petition

RBI to File a Review Petition on Supreme Court’s Crypto Decision

India’s central bank, Reserve Bank of India (RBI), is planning to file a petition against the recent landmark judgment made by the apex court that nullified the controversial banking ban it imposed on companies transacting in cryptocurrencies. According to a report by The Economic Times on 6th March, the RBI is worried that the court’s […]

Indian crypto exchanges resume fiat services 24hrs after SC ruling

Indian Crypto Exchanges Resume Fiat Services 24Hrs After SC Ruling

Major Indian crypto exchanges Unocoing and WazirX have resumed fiat deposits less than a day after the Supreme Court quashed restrictions on banks’ services to crypto firms in the country. Unocoin, which claims to have been the first entrant into the Bitcoin space in India since its founding in 2013, has been described by local […]

Supreme Court of India lifts RBI ban on banks servicing crypto firms

India Supreme Court Lifts RBI Ban on Banks Servicing Crypto Firms

The Supreme Court of India has struck down the Reserve Bank of India’s (RBI) controversial ban on banks’ dealings with crypto-related firms. The court’s bench of justices Rohinton Nariman, S Ravindra Bhat, and V Ramasubramanian delivered the judgment 4th March, litigation news site Live Law reported. Landmark ruling India’s central bank, RBI, had imposed a […]

blockchain system for voting in india

Election Commission of India Developing Blockchain System for Voting

The Election Commission of India is collaborating with the Indian Institute of Technology to develop a blockchain system for voting. The Chief Election Commissioner reveals the news first on 16th Feb. The new system will aim to allow Indians to vote even when they are away from their hometowns. Furthermore, the commissioner has proposed to […]