India Set To Propose Bitcoin Ban
An Indian official has reportedly confirmed that the country’s government will propose a ban on holding or using cryptocurrency.A senior Indian government official has informed Reuters that the nation of India is set to propose a law banning cryptocurrencies. The bill would be a major blow to the industry, as it would reportedly penalize anyone holding, trading or mining digital assets, including bitcoin. Three years ago, the Reserve Bank of India (RBI) attempted to ban cryptocurrency by inhibiting banks from doing business with companies in the industry. Although India’s supreme court....
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The government of India is set to propose a new crypto bill in Parliament. This bill contains some regulations that are unfavorable to India’s cryptocurrency economy. In the midst of this, Vijay Shekhar Sharma, the founder of Paytm, has a lot to say. Paytm is an Indian multinational technology company that specializes in digital payment […]
India is just not that into crypto these days. Or, perhaps, not yet. Nirmala Sitharaman, India’s finance minister, revealed last month that the Reserve Bank of India will deploy a digital rupee sometime in the fiscal year 2022-2023. India will become one of the largest economies to launch a central bank digital currency if the […]
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....
India is now the world’s fifth-largest economy after surpassing the U.K., the latest data from the International Monetary Fund (IMF) shows. India’s former chief economic advisor expects the country to become the world’s third-largest economy by 2028-30.
India Becomes 5th Largest Economy in the World
India has leaped past the U.K. and become the fifth-biggest economy, Bloomberg reported Friday, citing IMF’s GDP data and historic exchange rates. According to this estimation, India surpassed the U.K. in the last quarter of 2021 and is now behind....
Coinbase is focusing on growing the crypto and Web3 ecosystem in India. “Combined with India’s world-class software talent, we believe that crypto and web3 technology can help accelerate India’s economic and financial inclusion goals,” said CEO Brian Armstrong.
Coinbase Expanding in India With Web3 and Crypto Push
The Nasdaq-listed cryptocurrency exchange Coinbase revealed its plan for India Monday. “India has built a robust identity and digital payments infrastructure and implemented it at rapid scale and speed,” CEO Brian Armstrong....