Tag: india

  • Crypto

    Future of Cryptocurrency in India Uncertain, Fate to be Decided in Summer

    India, one of the largest countries in the world with a population of 1.3 billion potential future users of cryptocurrencies, remains in a legal limbo as cryptocurrency exchanges await more clarity from the Reserve Bank of India (RBI) and the country’s supreme court. Operators have recently been barred...

    Ricardo Esteves | May 19, 2018 | 9:00 pm
  • Blockchain
    Blockchain

    Indian Blockchain and Crypto Startups Are Moving to Regulatory Friendly Countries

    India’s blockchain ecosystem — which includes developers, services providers, and other cryptocurrency-related companies — are increasingly moving to countries with more friendly jurisdictions like Singapore, Switzerland, Japan, and, in particular, Estonia. Crypto Startups Moving Away From India The migration has been triggered by various moves made by the Indian government...

    Thomas Delahunty | May 8, 2018 | 8:30 pm
  • Altcoins

    Venezuela Coaxes India to Pay For Crude Oil With Petro Cryptocurrency

    Venezuela’s Petro cryptocurrency has been off to an interesting start. Despite clear opposition from various countries, the Venezuelan governments want to improve the widespread use of this currency. As such, the government is now looking at India to purchase crude oil from Venezuela at a 30% discount. This...

    JP Buntinx | April 30, 2018 | 1:44 pm
  • rbi
    Industry

    Indian High Court Set to Debate Whether Cryptocurrency Crackdown is Constitutional

    India’s recent problems with cryptocurrencies and the exchanges that trade them has caused investors a lot of stress, both locally and globally. Fortunately for crypto-enthusiasts, dealings have now reached the country’s high courts. Challenging Royal Bank of India’s Crackdown Yesterday, April 22nd, the Delhi high court issued a...

    Thomas Delahunty | April 24, 2018 | 1:28 am
  • refund
    Industry

    Coinsecure Confirms Victims of Recent Hack Will be Refunded

    Crypto exchanges have different responsibilities to their clients. In the case of a hack or theft, they need to refund their customers. Coinsecure, an Indian Bitcoin trading platform, will do exactly that. The recent theft affecting several users forces the company to reimburse victims out of their own...

    JP Buntinx | April 17, 2018 | 9:00 am
  • india
    Industry

    India’s Crypto Crackdown Presents Opportunity for Peer-to-Peer Exchanges

    The Reserve Bank of India’s recent ban on financial institutions transacting with companies using or offering cryptocurrency services will certainly have consequences for the nation. However, thanks to peer-to-peer exchanges like Paxful, one of these is unlikely to be cryptocurrency usage and adoption in general. Paxful Offers Users...

    Rick D. | April 17, 2018 | 12:42 am
  • rbi
    Industry

    Indian Crypto Traders Seeking Alternatives Following RBI Crackdown

    Bitcoin case study: Aniket Patel is an Indian teenager and cryptocurrency investor who is still working on his school exams. Despite this, Patel spends more time checking the Reserve Bank of India’s (RBI) website than scouting for exam results. This is because Patel considers himself a long term...

    Thomas Delahunty | April 16, 2018 | 3:00 am
  • india
    Industry

    Indian Pressure on Cryptocurrency Market Backfires

    The Reserve Bank of India (RBI) has explicitly prohibited regulated entities from doing business with any companies dealing in virtual currencies. Last week’s decision raised concerns regarding a full ban on cryptocurrencies, which is not true. The jolted market fears Bitcoin and altcoins will face a drop in...

    Ricardo Esteves | April 9, 2018 | 8:15 pm

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