India

Eleven Indian banks have joined an initiative that may change the way small businesses obtain loans, via blockchain. The blockchain-linked loan system will focus on small and medium enterprises and aims to remove communication barriers between India’s largest banking...

The Financial Stability Board, a global inter-governmental body with over 20 member countries, has ruled that virtual currencies are not a threat to the world economy. The assessment could have an impact on India, whose central bank is part...

The Reserve Bank of India has shelved its plan to launch a state-backed cryptocurrency amidst increased government pressure and concerns around money laundering. Indian Government Still Cautious About Cryptocurrencies It seems that regulatory clarity has evaded the crypto community...

India’s government has continued its “undecided” stance on regulation around the cryptocurrency ecosystem. No timeline was promised by Pon Radhakrishnan, the Minister of State Finance, for enacting legislation, even in the December 28, 2018 meeting. December Passed: Still In...

As countries around the world find their feet in the cryptocurrency market, governments have jumped on board in attempts to regulate the use of digital assets. Places such as Malta, Gibraltar, and Singapore have taken an open-arms approach to...

Indian regulatory body the Financial Stability and Development Council (FSDC) is considering measures to ban the use of private cryptocurrencies while encouraging distributed ledger technology instead, after a meeting on Thursday. Mr. SC Garg briefed FSDC Council about the progress...

Only a week after India’s first Bitcoin ATM was launched to much fanfare, regional authorities have confiscated the two-way crypto machine and arrested the initiative’s founder, reported Times of India on Oct. 24. Bitcoin ATM Seized The Bitcoin ATM...

The Internet Mobile Association of India (IMAI) announced Oct. 15 that it would be forming a committee to push more government involvement in the blockchain ecosystem. IAMAI Forms Committee For #Blockchain . The group will identify opportunities and challenges...

Indian cryptocurrency exchange Unocoin is launching the country’s first digital assets ATM, even as other nations grapple with stringent regulations and a ban on banks providing services to exchanges. India’s First Crypto ATM As reported by Inc42, Unocoin CEO...

Despite an infamous crackdown on digital assets, the Reserve Bank of India (RBI) has created a task force to explore avenues and unique use-cases pertaining to blockchain technology, artificial intelligence and cryptocurrencies. Task Force to Regulate Burgeoning Sector The...