Timeline: An Overview of Bitcoin in India
CoinDesk recently reported that the Reserve Bank of India's (RBI) governor and two of its deputy governors had discussed bitcoin during a banking conference held in August. During his speech, the RBI's deputy governor Shri R Gandhi addressed cryptocurrencies and crowdfunding, saying both had disruptive potential, but needed to be controlled in order to avoid undesirable consequences. As much as they were notable, Gandhi's comments were also relatively inconclusive and added to the ongoing uncertainty about bitcoin regulation in the country. This, however, was not the first time the Indian....
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Bangalore-based bitcoin exchange Unocoin has come back online, announcing that it will begin trading bitcoins again on 8th January. The return comes after a series of recent events in India that threatened a government crackdown on the country's fledgling bitcoin industry. Unocoin launched in mid-December at the Global Bitcoin Conference in Bangalore. The well-attended conference shone a light on India, and for a couple of weeks the country looked set to become Asia's next bitcoin star as China's crackdown began. At the time, the company stated that financial regulatory compliance was a....