cryptocurrency

India’s cryptocurrency sector is booming during the extended nationwide lockdown. Several Indian cryptocurrency exchange executives have shared with news.Bitcoin.com their record-breaking stats, bullish trends, and positive sentiment despite the coronavirus-driven lockdown. Growing Interest in Cryptocurrency in India as Lockdown Extends India recently extended its nationwide lockdown by another fortnight due to the coronavirus outbreak. While lockdowns Read More →

The Supreme Court today struck down a circular issued by the Reserve Bank of India (RBI) which directed banks not to deal in transactions involving cryptocurrency (Internet Mobile Association of India v. Reserve Bank of India). In April 2018, the Reserve Bank of India had issued a circular barring banking and financial services from dealing in Read More →

As the blockchain and cryptocurrency industry continues its rapid growth and widespread adoption, companies are offering experienced workers significantly higher-than-average salaries, signaling that the industry is maturing despite the current bear market and low market sentiment. A recent report from Glassdoor found that new job positions within the blockchain industry are up 300% over a Read More →

Indian government is “evaluating” the possibility of issuing a state-backed cryptocurrency, sources have told local news outlet Quartz India on Wednesday, Oct. 10. An unnamed “senior official” has told Quartz that the government has set up a panel that will discuss questions regarding cryptocurrencies and blockchain. While, according to Quartz’s source, the government is looking Read More →

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 →

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 →