Indian Trade Association Calls for Fast Crypto Regulation to Drive Growth

The Indian National Association of Software and Services Companies (Nasscom) has released a report that calls for regulatory certainty, particularly in areas such as cryptocurrency. The lack of legal clarity and the crypto banking ban have hindered investments in this sector, hurt crypto exchanges, and driven investors out of the country, according to the association.…

Continue Reading



‘India Wants Crypto’ Campaign Passes 100 Days With Growing Support

A social media campaign for positive cryptocurrency regulation in India has passed 100 days with growing support from the community. Despite the ongoing banking restriction imposed by the country’s central bank, local crypto exchanges are reporting increased volumes and optimism about the upcoming regulation. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive…

Continue Reading



Report: Indian Government Finalizing Crypto Regulatory Framework

Regulation The Indian government has reportedly confirmed that the report containing a regulatory framework for cryptocurrencies by an inter-ministerial committee is being finalized. This confirmation is in response to a Right to Information filing by a local news outlet. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Report in ‘Finalization Stage’…

Continue Reading



PwC Thinks India will Outperform the U.K.’s Economy: Here’s what the ‘Big Four’ Firm and the ‘GDP’ Indicator get Wrong

Image: Shutterstock By CCN.com: A publication by accounting firm PwC has placed India on track for a 7.6 percent growth in 2019, setting a path for the country to surpass both the U.K. and France in terms of economy. But ask any economist, and they would point towards why the coveted Gross Domestic Product (GDP)…

Continue Reading



India: Banking Research Institute Issues Blueprint on Blockchain Implementation

India’s Institute for Development and Research in Banking Technology (IDRBT) has published a blueprint on blockchain implementation in the banking sector, Indian daily newspaper the Financial Express reported on Tuesday, Jan. 22.   IDRBT was established by the Reserve Bank of India (RBI) in 1996 in order to conduct research and experiments in the banking…

Continue Reading



Amazon and Walmart Stock in Danger? India Tightens E-Commerce Rules

Last month, India implemented new regulations for foreign e-commerce firms including Amazon and Walmart-owned Flipkart, placing pressure on the two conglomerates. According to Mukesh Aghi, the U.S.-India Strategic Partnership Forum president, the abrupt change in e-commerce regulations can pose a severely negative impact on the growth of U.S. companies in India. Are Amazon and Walmart…

Continue Reading



Indian Police Warn Public Against Investing in Cryptocurrencies

The police of the Indian state of Jammu and Kashmir have issued a public statement, warning the public against investing in cryptocurrencies, local business news daily the Business Standard reported on Jan. 2. Police reportedly warned the public against the “heightened risk” of investments like Bitcoin (BTC) and reminded investors that cryptocurrencies are not sanctioned…

Continue Reading



Report: Indian Government Panel Submits Crypto Recommendations

Regulation The Indian government panel appointed to recommend cryptocurrency measures has reportedly submitted its report to the country’s finance minister, suggesting a new legal framework for cryptocurrencies. The actual content of the report has yet to be announced publicly. Industry participants weigh in on speculation about the report’s content. Also read: Indian Supreme Court Moves Crypto…

Continue Reading



South Indian Government’s ‘Innovation Society’ to Promote Blockchain Development

It seems not every government official in India has an eye toward draconian or restrictive blockchain regulation, as we’ve seen this year from some in the country’s government. In the southern state of Andhra Pradesh, where they have the APIS – Andhra Pradesh Innovation Society, blockchain is being actively promoted at various levels of government.…

Continue Reading