Digital India Initiative May Lead to Growth of Domestic Bitcoin Market
The government of India has taken the initiative to push for overall technological development of the country. The Prime Minister of India recently announced the launch of Digital India Week to introduce information technology to every individual household in the country. Introduced in a corporate event, the initiative was received with great enthusiasm by who's who of Corporate India. In response to the announcement, the corporate community showed its support by pledging close to $71 billion on the very first day. The pledged amount will be used for various technology ventures which can....
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Coinbase has started hiring in India despite rumors of an impending ban on crypto in the country. Coinbase, a major cryptocurrency exchange that went public on Nasdaq earlier this month, continues to actively expand in India with a new hire.The cryptocurrency exchange has hired Pankaj Gupta, a former Google Pay engineering lead in India and Asia Pacific, as the vice president of engineering and site lead for India.Announcing the news Tuesday, Gupta said that he will be responsible for “leading and building from scratch the company's technology hub in India.” He also noted that Coinbase has....
India’s finance minister, Nirmala Sitharaman, has urged the International Monetary Fund (IMF) to take “a lead role” in regulating crypto assets. IMF Managing Director Kristalina Georgieva says the global organization stands ready to work with India on climate change, crypto regulation, and other global challenges of our times. India Wants IMF to Lead in Crypto Regulation Indian Finance Minister Nirmala Sitharaman met with Kristalina Georgieva, the managing director and chairman of the executive board of the International Monetary Fund (IMF), in New Delhi on Wednesday.....
Bitcoin Meetup groups are thriving over the past few years, and the recently posted power rankings show some interesting facts once again. It should come as no surprise to anyone that Bitcoin Meetup groups in India are growing by leaps and bounds. But the European Bitcoin Meetup groups should not be underestimated either. Even though very little of the conferences and educational efforts are aimed at European and developing markets, there is still a huge growth in Bitcoin Meetup numbers. According to the latest power rankings, the Bangalore India Bitcoin Meetup saw a member growth of....
Bitcoin is taking off around the world. Specifically, there is much potential for growth in Southeast Asia, in particular in a nation with the second largest population in the world: India. I had the privilege of speaking with Sunny Ray who is active in the Bitcoin community in Bangalore, India, Nilam Doctor, CEO of Real Bitcoins, and Harsh Patel, proactive member of the Bitcoin Foundation Education Committee who is located in Mumbai. The Bitcoin community in India is continuing to expand. Sunny Ray is currently involved in theunocoin project and serves as an integration partner with....
The second most populated country in the world is stepping up to the plate to consider Bitcoin and provide this digital, decentralized cryptocurrency an opportunity to flourish prior to regulating. With a population of over 1,232,530,000, India is a hotspot of potential for growth of the Bitcoin currency and community. Right on the top of the list of the most tech-oriented nations, India will take a leap forward should the Reserve Bank of India truly take a hands off approach towards the Bitcoin currency. As the Indian Rupee is calling for attention with higher rates of inflation, the....