India’s cryptocurrency space has been facing gloomy days and troubles are far from over. If the latest reports are to be believed, holding cryptocurrency in the country may now become a major problem for promoters looking to raise money through an initial public offering [IPO]. This comes as the latest blow to the country’s crypto […]
Indian Cryptocurrency
India Cryptocurrency Scene in Turmoil; Govt Plans on Banning Crypto Trading
Just when India saw investors rushing back into the cryptocurrency trading scene, the country saw yet another setback with respect to regulations. In the latest development, the Indian government is reportedly planning to introduce a new law banning Indian cryptocurrency trading. According to Bloomberg’s sources familiar with the matter, the bill in question is expected […]
Indian Prime Minister Endorses Blockchain Technology Publicly as an Investment Opportunity
The Prime Minister of India, Narendra Modi, has backed blockchain technology as an ‘opportunity in frontier technology’ reviving the desires of the crypto community for the country to be warming up for virtual assets. Like many other countries worldwide, India has seen a surge in the use of crypto assets. However, the conditions are not […]
Indian Crypto Firms Optimistic Despite Crypto Blanket Ban Rumors
Indian crypto firms remain optimistic for the bright future, despite rumors of an imminent ban on cryptocurrencies from India. Last week, the Indian Ministry of Finance submitted a proposal to permanently ban digital currencies from the country. The Indian cryptocurrency industry has begun to experience growth since the Reserve Bank of India ( RBI) has […]
Tim Draper Praises Indian Supreme Court’s Decision to Lift Cryptocurrency Ban
The landscape of the Indian cryptocurrency system changed recently when the Indian Supreme Court removed the ban on digital assets set in 2018. This landmark decision had its resulted effects, with new cryptocurrency companies venturing into the country soon. Multiple cryptocurrency proponents gave their opinions on the ban, one of whom was Tim Draper, the […]