CoinGeek’s Becky Liggero spoke with Mohit Lalvani, who launched India's first cryptocurrency wallet—QuikWallet—in 2012, about his dealings as a blockchain pioneer with government regulators in the country.
Divyesh Darji, reportedly the head of BitConnect India, was taken into custody after he arrived from Dubai, according to local media outlets.
Despite the ongoing central bank ban on decentralized cryptocurrencies, the government of India is reportedly considering using the digital coins as a substitute for smart cards.
A report from Law Commission of India (LCI), indicates cryptocurrency as a legal payment option in legislation being considered to legalize sports gambling in the country.
Unocoin, one of the largest cryptocurrency exchanges in India, has suspended its Indian rupee (INR) withdrawal and deposit services in the wake of the Reserve Bank of India (RBI) ban.
Cryptocurrencies like Bitcoin need to be regulated in India as they “encourage illegal transactions.” That was the argument that the Reserve Bank of India (RBI) made last Friday before the Supreme Court of India.
Amit Bhardwaj, the alleged mastermind behind the GainBitcoin scheme, has offered to pay back investors their initial investments—in Indian rupees.
Indian police investigators working on the GainBitcoin Ponzi scheme, which cost investors around $300 million, are saying that they have made great strides in solving the case.
Reserve Bank of India (RBI) has finally spoken up about its recent decisions regarding cryptocurrencies, which has garnered global attention after a number of local companies challenged them in court.
The governing political party in India, the Bharatiya Janata Party (BJP), has been accused of involvement in a “mega bitcoin scam” worth INR5,000 crore ($763 million).
Indian cryptocurrency exchange Zebpay has halted deposits and withdrawals in Indian rupees, ahead of the pending ban on cryptocurrency businesses that came into force on Thursday.
Banks will be banned from engaging in cryptocurrency-related companies starting July 5, 15 days before the Supreme Court hearing on whether the ban is unconstitutional.
