Tag: India

A bill that would prohibit certain cryptocurrencies from being used in India may still be under consideration by the Indian government, though legislators are unlikely to vote on any such legislation during the current parliamentary session. It is expected that India’s lower house of parliament, known as the Lok Sabha, would not consider a bill […]

The Economic Times insider reported about yesterday’s Central Board of Directors of Reserve Bank of India (RBI) meeting, which took an unexpected turn when RBI presented its opinions on an absolute ban on cryptocurrencies. The anti-crypto stance of RBI is nothing new which recently talked about digital fraud and CBDC launch.  After the exclusive speculation […]

The International Monetary Fund (IMF) chief Gita Gopinath on December 15, expressed her thoughts on the state of crypto. Digital currencies are proving to be a challenge for emerging nations, according to the IMF’s president, and strict regulations are essential. She did agree, however, that the IMF does not have the authority to ban cryptocurrencies. […]

India is gaining eyes from all over the world regarding its crypto law with multiple stories by local media on leaked documents. Earlier today, the Prime Minister of the country, Narendra Modi suffered from his official Twitter account getting hacked, which was then used to mislead the investors about the mainstream Bitcoin adoption and distribution […]

Digital currencies are one of the hottest topics all around the world and recently made an appearance at the global online summit to bring United States president Joe Biden and many world leaders to come together. During his speech at the event, the Prime minister of India, Narendra Modi said that technologies like cryptocurrencies should […]

While the world’s attention is focused on India’s future in crypto, Reserve Bank of India (RBI) Governor Shaktikanta Das recently expressed his worries over the country’s central bank’s digital currency (CBDC). Consumer safety is one of the main motivations for the development of CBDCs, as opposed to the centralized character of government-backed digital currency. In […]

Following the clean air around confusions of private crypto banning in India, it seems that a pro-crypto wave is going to head the Indian crypto market. TheCoinRise digs down to find that Kotak Bank has allowed WazirX, the biggest exchange in the country, to open an account for facilitating both credit and debit for traders […]

According to local media sources, the government would not seek an outright ban on cryptocurrency in India but will instead regulate it. TheCoinRise reported on November 24 that the Indian government was preparing a measure that would create an official digital currency while banning all “private” cryptocurrencies. The news caused panic selling on local crypto […]

The crypto industry has been the hottest topic in the Parliament, Rajya Sabha on Tuesday after Nirmala Sitharaman, the Financial Minister, clarified the false speculations around crypto banning in India. Sitharaman, on the second day of the Winter session, answered the queries of various ministers related to the upcoming new Bill. She further urged the […]

TheCoinRise is back with a little flavor from all around the world in the crypto sector for November 29, Monday, with diverse agreements, laws and regulations, market movements, and controversies. After bleeding for more than two weeks, Bitcoin has finally shown a bullish momentum, rising by more than 6% within 24 hours. One of the two […]

Nirmala Sitharaman, the finance minister of India, during the Lok Sabha discussion today, said that the government fully supports Bitcoin and the underlying technology behind it and definitely not looking for banning in India. She did not mention anything about restricting crypto and the suspension of crypto trading activities.  TheCoinRise further confirmed the news with an internal […]

CoinDCX, one of the largest crypto exchange in India, has revealed that it is in no hurry for a public listing, especially with so much unpredictability overshadowing the country’s regulatory environment at the time. CoinDCX pursuing an IPO depends on government regulation CoinDCX has announced that it is not planning to go ahead with an […]

Vijay Shekhar Sharma, CEO of digital payment service provider Paytm, has taken a pro-crypto stance, stating the decentralized world’s probable expansion amid a wave of panic sell-off in India. Sharma spoke at an Indian Chamber of Commerce (ICC) virtual conference on November 25, describing crypto as Silicon Valley’s response to Wall Street. While speaking for […]

India is known for its cricket craze and the Indian Premier League (IPL), the richest cricket league in the world. The relation of cricket with the crypto industry is that the Board of Control for Cricket in India (BCCI) has barred IPL Franchises from any association with crypto-related companies.  BCCI recently issued a directive to […]

India’s crypto ban has been the hottest topic in recent days, and the panic has intensified as a crypto expert has cited a 2019’s government document that suggests that the upcoming ban on all “private cryptocurrencies” could include all the cryptocurrencies.  The government of India recently announced about introducing the Cryptocurrency and Regulation of Official […]

India’s most trusted crypto exchange WazirX app, witnessed a huge crypto sell-off following the decision of the government to regulate crypto by bringing a new cryptocurrency bill in the Parliament to ban private crypto tokens.  As TheCoinRise reported recently, the regulatory bodies are taking interest and getting serious about adopting digital assets in India in […]

India is taking progressive steps on cryptocurrencies when the government considers digital currencies under an asset class. The country’s Prime minister Narendra Modi has finally started talking about crypto after a series of meetings, industry meetings, and mounting banking problems. The PM urged all the democratic countries to collaborate and work together to get the […]

India, the country with the highest number of crypto investors in the world, has started getting active in crypto-related topics. It is reportedly working on finalizing the regulations after years of brainstorming and waiting. Business and financial Indian newspaper, The Economic Times reports that the government would regulate cryptocurrencies as an asset class. While this might be […]