Listening to the plea, the bench headed by the Chief Justice of India (CJI) remarked that the petitioner’s demands are more legislative in nature.
Indian state governments spur blockchain adoption in public administration
Numerous initiatives by local and state governments in India — from data management systems to verifiable certificate issuances — currently use blockchain technology.
India working on 5-point crypto legislation as ban is ruled out
Indian crypto platforms could attain similar status as authorized dealers (similar to banks) under the guidelines of the Indian Central Bank RBI.
Indian central bank-backed NPCI begins blockchain recruitment
Singapore, Malaysia, UAE, France, BENELUX countries, Nepal and the UK have adopted the NPCI’s UPI payments system in varying degrees.
India plans to use crypto tokens in upcoming native web browser
The feature is envisaged as part of the country’s national web browser project.
India House passes bill to ease Big Tech data compliance
The lower house in the parliament of India approved updates to a bill that would ease data storage, processing and transfer standards for Big Tech companies.
Indian banks asked ‘to prepare for the future’ with AI and blockchain
In an RBI-organized conference for the directors of Indian banks, deputy governor Mahesh Kumar Jain discussed risk strategies around sustainable growth and stability.
Indian banks asked ‘to prepare for the future’ with AI and blockchain
In an RBI-organized conference for the directors of Indian banks, deputy governor Mahesh Kumar Jain discussed risk strategies around sustainable growth and stability.
India expands national payment network to Singapore: What’s in it for crypto?
One of the banking partners in the cross-border remittance service is also part of the government’s CBDC program.
Web3 to inject $1.1T in India’s GDP by 2032, following 37x growth since 2020
The explosive Web3 growth in the country is supported by several factors, including a large talent pool, a high adoption rate and product development for global markets.
Indian authorities unfreeze millions in locked WazirX bank accounts
The Indian crypto exchange was under investigation by local authorities for money laundering allegations which caused a freeze on over $8.1 million in bank account funds.
Indian authorities freeze $8.1M in WazirX funds as part of AML investigation
The Directorate of Enforcement of India alleged that WazirX “actively assisted around 16 accused fintech companies in laundering the proceeds of crime using the crypto route.”
India needs global collaboration to decide on crypto’s future, says finance minister
Indian finance minister reiterated RBI’s stance on the crypto market, claiming it’s driven by speculation.
The regulatory implications of India’s crypto transactions tax
India’s introduction of new crypto taxes had a negative impact on overall trading, forcing entrepreneurs to move to friendlier jurisdictions.
CBDCs can “kill” private crypto: India’s RBI deputy governor to IMF
“One of the reasons it is so successful is because it’s simple,” he added while comparing the Unified Payments Interface’s (UPI) growth with blockchain technology.
India cooperates with IMF on crypto consultation paper
The document, which could define a national framework for digital assets, is almost ready.
India to roll out CBDC using a graded approach: RBI Annual Report
Halfway through 2022, at the proof of concept stage, RBI is in the process of verifying the feasibility and functionality of launching a CBDC.
Indian government’s ‘blockchain not crypto’ stance highlights lack of understanding
India’s “blockchain, not crypto” stance has led to disastrous crypto policies, forcing several thriving crypto firms to relocate.
Indian central bank’s ‘informal pressure’ disrupted payments: Coinbase CEO
“I guess we have a concern that [the Reserve Bank of India] may be actually in violation of the Supreme Court ruling,” said Coinbase CEO Brian Armstrong.
Indian IT Ministry directs crypto exchanges to store user data for 5 years
The new directives for VPN service providers and crypto exchanges would require them to collect critical private information as well as the ownership patterns of customers.