Tag Archives: india

The Prime Minister of India – Narendra Mori – had his official Twitter account. While under the control of the perpetrator, the account published a tweet of a BTC giveaway scam. Narendra Modi is the acting Prime Minister of India, and he got re-elected back in 2019 for another term. His Twitter account has over 73.4 million followers, and, unfortunately, it got compromised earlier today. This was confirmed by the Office of the Prime Minister of India in a separate tweet,...

The government of India has announced in a statement that despite submitting a bill to regulate crypto and recognize it as an asset class rather than ban it, it will not engage in any marketing or promotion of the cryptocurrency industry. India Is Not Looking to Market Crypto Not long ago, crypto investors in India got some good news when the country announced that its previous plans of banning all digital currencies were likely to become null and void. Rather,...

Crypto investors in India have received some good news in that the country has decided not to ban cryptocurrency. Rather, digital assets are now going to be recognized as an entirely new asset class and will thus be regulated as so. India Classifies Crypto as a New Asset Class This has been a back-and-forth battle that was going even just a few weeks ago after the nation’s Parliament issued a bill to be discussed during the winter session that would set forth rather...

India is proposing a new bill that if passed, would see the combination of regulation and a ban in the crypto world. India Has a New Crypto Bill in Play The nation has had a rather up-and-down relationship with bitcoin and crypto. Roughly three years ago, India stated that it would not allow cryptocurrency or blockchain businesses to access standard financial tools like checking and savings accounts. It was widely – and incorrectly – reported that India was full-on...

Crypto brands in India are trying to find ways in which they can advertise themselves. Many of them are now turning to gaming sites, general entertainment channels (GEC), and news platforms to get the word out on their operations. India and Crypto Haven’t Always Worked Together India has been a very up-and-down country when it comes to crypto. After initially deciding that crypto businesses couldn’t gain access to traditional finance tools, India later labeled this as an...

Avinash Shekhar – Chief Executive Officer of the cryptocurrency exchange Zebpay – predicted that the Indian lawmakers are more likely to impose tough rules on the digital assets than prohibit their usage. The exec added that regulation in the sector is necessary as it could bring many innovators and multibillion-dollar companies. The Vibes Do Not Indicate for a Total Ban The cryptocurrency environment in India is controversial, to say the least. The authorities of the largest...

The Parliamentary Standing Committee on Finance in India has recently issued a statement saying that bitcoin and cryptocurrency must be regulated given that the digital currency and blockchain spaces “cannot be stopped.” India May Be Moving In the Right Direction This is a huge statement coming from an authority based in India given the country’s up-and-down relationship with what is arguably one of the largest and fastest-growing financial industries out there. India...

Narendra Modi – the Prime Minister of India – urged democratic countries to work together and design a comprehensive regulatory framework for cryptocurrencies. Without it, the asset class can be employed unlawfully and can even spoil the younger generations, he added. Regulations Are Necessary In a recent appearance at the Sydney Dialogue, India’s leader highlighted the importance of implementing regulatory policies in the digital asset industry. He opined that the process...

The last couple of years have witnessed explosive growth in the mainstream acceptance of cryptocurrencies as aggregate global digital asset capitalization surged past $3 trillion in market capitalization amid a flood of institutional demand and expanded use cases. Digital assets like bitcoin (BTC), ether (ETH), and several other altcoins have come a long way, gradually transitioning from speculative investments to crypto portfolio stablemates. As cryptocurrencies continue...

Nordik Coin – a cryptocurrency exchange based in Estonia – is moving deeper into Asia. Nordik Coin Is Moving To Asia and Oceania Asia is a continent that has had a very mixed relationship with bitcoin and other cryptocurrencies. For example, China – one of the largest nations on the continent – has pushed all crypto miners off its turf, and now, regulators have announced that crypto transactions are fully illegal within China’s borders. Thus, anyone who engages in crypto...