Bitcoin in India

The government is considering the introduction of a regulatory regime for virtual or crypto currencies, such as Bitcoin, that would enable the levy of the Goods and Services Tax on their sale. The new regime may possibly bring their trading under the oversight of the stock market regulator, Securities and Exchange Board of India (SEBI). Read More →

Cryptocurrency Universe Expands

Bitcoin is the original cryptocurrency, and its meteoric rise has made it a mainstay of conversation for investors, media, and technologists alike. In fact, the innovation of the blockchain is changing entire markets, while causing ripples with central banks and the financial industry. At time of publication, the bitcoin price now hovers near US$2,400, a massive Read More →

Bitcoin in India

India has one of the largest remittance markets in the world with a total value of close to $70 billion. On every transaction, an average user pays up to 15% in bank charges and conversion fees. Bitcoin provides a solution to India’s underlying problems. The digital currency can be used to move money inexpensively across Read More →

cryptocurrency

India’s government is reportedly moving closer to developing regulations around cryptocurrencies. Local news outlet MoneyControl reports that officials with the country’s central bank, as well as its top finance regulators, are finalizing a report which lays out possible approaches for overseeing the tech. Agencies involved in the development reportedly include the Reserve Bank of India Read More →

GST (Goods and Services Tax)

No wonder that even the industry biggies are mulling over the tragic effect that GST (Goods and Services Tax) will cause to the economy post its implementation. The question of the hour is we are ready to absorb this paradigm shift in the system or the economy will succumb to this transition.  While we are Read More →

bitcoin in india

Earlier in March this year, India’s Ministry of Finance established an interdisciplinary committee that includes a number of authorities including representatives from the central bank – which has issued warnings against the use of bitcoin in the past – to study the legal framework surrounding virtual currencies. Chaired by the Special Secretary of Economic Affairs Read More →